Yum! Brands, Inc. (YUM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.56	$1.62	+3.8%	—	—	—
Q4 26	$1.39	$1.5	+7.9%	—	—	—
Q3 26	$1.76	$1.73	-1.7%	—	—	—
Q2 26	$1.48	$1.58	+6.8%	—	—	—
Q1 26	$1.46	$1.44	-1.4%	—	—	—
Q4 25	$1.28	$1.3	+1.6%	—	—	—
Q3 25	$1.6	$1.61	+0.6%	—	—	—
Q2 25	$1.41	$1.37	-2.8%	—	—	—
Q1 25	$1.33	$1.35	+1.5%	—	—	—
Q4 24	$1.2	$1.15	-4.2%	—	—	—
Q3 24	$1.4	$1.26	-10.0%	—	—	—
Q2 24	$1.27	$1.44	+13.4%	—	—	—
Q1 24	$1.24	$1.41	+13.7%	—	—	—
Q4 23	$1.13	$1.06	-6.2%	—	—	—
Q3 23	$1.26	$1.31	+4.0%	—	—	—
Q2 23	$1.15	$1.09	-5.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$5.59	—	—	$8.2B	—
FY24	—	$5.28	—	—	$7.5B	—
FY23	—	$5.68	—	—	$7.1B	—
FY22	—	$4.63	—	—	$6.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$6.4B	$5.9B	$5.7B	$5.6B	$5.7B	$6.6B	$6.8B	$7.1B	$7.5B	$8.2B
YoY change	-0.97%	-7.52%	-3.23%	-1.6%	+0.98%	+16.5%	+3.92%	+3.42%	+6.68%	+8.81%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	6.4B	5.9B	5.7B	5.6B	5.7B	6.6B	6.8B	7.1B	7.5B	8.2B
Cost of revenue	3.7B	3.2B	3B	2.8B	3B	3.4B	3.5B	3.6B	4B	4.4B
Gross profit	2.7B	2.7B	2.7B	2.8B	2.7B	3.2B	3.3B	3.5B	3.6B	3.8B
Gross margin	41.9%	45.7%	46.7%	50.3%	47.5%	48.1%	48.3%	49.4%	47.5%	46.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.1B	999M	895M	917M	1.1B	1.1B	1.1B	1.2B	1.2B	1.3B
Operating expenses	1.3B	1.2B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.3B
Operating income	1.5B	1.7B	1.8B	1.9B	1.6B	2.1B	2.2B	2.3B	2.4B	2.5B
Operating margin	24.2%	28.7%	31%	33.9%	28.7%	32%	31.7%	32.5%	31.8%	30.8%
Non-operating income, net	115M	1B	528M	-38M	-60M	112M	22M	28M	-14M	49M
Pretax income	1.3B	2.3B	1.8B	1.4B	1B	1.7B	1.7B	1.8B	1.9B	2.1B
Income tax	327M	934M	297M	79M	116M	99M	337M	221M	414M	518M
Net income	1.6B	1.3B	1.5B	1.3B	904M	1.6B	1.3B	1.6B	1.5B	1.6B
Net margin	25.8%	22.8%	27.1%	23.1%	16%	23.9%	19.4%	22.6%	19.7%	19%
EBITDA	1.8B	1.9B	1.9B	2B	1.8B	2.3B	2.3B	2.5B	2.6B	2.7B
EPS	4.17	3.86	4.8	4.23	2.99	5.3	4.63	5.68	5.28	5.59
Diluted EPS	4.1	3.77	4.69	4.14	2.94	5.21	4.57	5.59	5.22	5.55

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.7B	2B	1.6B	1.8B	1.8B	2.4B	1.8B	1.9B	2B	2.5B	2.1B	2.2B
Cost of revenue	848M	1.1B	798M	894M	960M	1.3B	950M	1B	1B	1.4B	1.1B	1.2B
Gross profit	860M	973M	800M	869M	866M	1B	837M	905M	931M	1.1B	920M	985M
Gross margin	50.4%	47.8%	50.1%	49.3%	47.4%	44.4%	46.8%	46.8%	47%	44.5%	44.7%	45.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	267M	353M	286M	281M	263M	351M	302M	302M	282M	377M	322M	324M
Operating expenses	267M	353M	286M	281M	263M	351M	302M	302M	282M	377M	322M	324M
Operating income	593M	620M	514M	588M	603M	698M	535M	603M	649M	742M	598M	661M
Operating margin	34.7%	30.5%	32.2%	33.4%	33%	29.6%	29.9%	31.2%	32.8%	29.5%	29%	30.5%
Non-operating income, net	38M	-24M	-14M	20M	19M	-39M	13M	18M	17M	1M	46M	1M
Pretax income	505M	464M	383M	487M	502M	528M	429M	499M	541M	607M	516M	533M
Income tax	89M	1M	69M	120M	120M	105M	176M	125M	144M	72M	84M	-320M
Net income	416M	463M	314M	367M	382M	423M	253M	374M	397M	535M	432M	853M
Net margin	24.4%	22.7%	19.6%	20.8%	20.9%	17.9%	14.2%	19.4%	20.1%	21.3%	21%	39.3%
EBITDA	638M	677M	557M	635M	652M	726M	586M	653M	700M	806M	705M	725M
EPS	1.48	1.65	1.11	1.3	1.36	1.51	0.91	1.34	1.42	1.92	1.56	3.1
Diluted EPS	1.46	1.62	1.1	1.28	1.35	1.49	0.9	1.33	1.41	1.91	1.55	3.08

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	25B	—	29.6B	30.8B	32.8B	41.2B	36.6B	36.7B	37.8B	42.2B	37.7B
Enterprise value	33.4B	—	39.4B	41.5B	43.7B	52.9B	48.9B	48.2B	49.4B	54.7B	50.5B
Shares outstanding	394M	347M	322M	306M	302M	297M	286M	281M	282M	279M	279M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	15.2	—	19.2	23.8	36.3	26.2	27.6	23	25.5	27.1	17.4
P/S	3.93	—	5.2	5.51	5.8	6.26	5.35	5.19	5.01	5.14	4.33
P/B	-4.44	—	-3.73	-3.85	-4.15	-4.93	-4.13	-4.67	-4.95	-5.76	-5.33
EV/EBITDA	18.4	—	20.9	20.7	24.6	23.1	21.3	19.6	19.2	19.9	16.4
EV/Sales	5.25	—	6.92	7.41	7.73	8.03	7.15	6.82	6.55	6.66	5.79
Earnings yield	6.58%	—	5.21%	4.2%	2.76%	3.82%	3.62%	4.35%	3.93%	3.69%	5.75%
FCF yield	3.29%	—	3.18%	3.63%	3.49%	3.58%	3.13%	3.59%	3.79%	3.88%	2.21%
PEG	—	—	—	—	—	—	—	—	—	—	0.13

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	41.9%	45.7%	46.7%	50.3%	47.5%	48.1%	48.3%	49.4%	47.5%	46.2%	45.4%
Operating margin	24.2%	28.7%	31%	33.9%	28.7%	32%	31.7%	32.5%	31.8%	30.8%	32.8%
Net margin	25.8%	22.8%	27.1%	23.1%	16%	23.9%	19.4%	22.6%	19.7%	19%	25.4%
ROE	-29.3%	-21.2%	-19.5%	-16.1%	-11.5%	-18.8%	-14.9%	-20.3%	-19.4%	-21.3%	-21.3%
ROA	30.1%	25.2%	37.3%	24.7%	15.4%	26.4%	22.7%	25.6%	22.1%	19%	22.7%
ROIC	41.8%	51.1%	79.7%	67.5%	47.6%	60.6%	50.5%	55.3%	47.8%	36.8%	59%
Return on tangible assets	40.3%	34.7%	59.4%	35.1%	22.8%	40%	34.3%	38.1%	33.6%	35.1%	39.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.15	1.66	0.93	0.99	1.01	1.08	0.97	1.26	1.47	1.35	0.59
Quick ratio	1.12	1.65	0.93	0.99	1.01	1.08	0.97	1.26	1.47	1.35	0.59
Debt / equity	-1.63	-1.55	-1.27	-1.41	-1.48	-1.45	-1.43	-1.53	-1.61	-1.8	-0.02
Debt / assets	1.67	1.85	2.44	2.15	1.99	2.03	2.17	1.93	1.83	1.61	1.41
Net debt / EBITDA	4.63	4.37	5.19	5.32	6.14	5.09	5.35	4.67	4.51	4.54	3.95
Interest coverage	5.38	6.11	5.07	3.83	2.88	4.08	4.15	4.54	4.89	5.15	5.28
Effective tax rate	24.3%	41.1%	16.2%	5.75%	11.4%	5.91%	20.3%	12.2%	21.8%	24.9%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	16.1	16.9	17.7	18.3	18.7	22.2	23.9	25.2	26.8	29.4	31.4
EPS (basic)	4.17	3.86	4.8	4.23	2.99	5.3	4.63	5.68	5.28	5.59	5.59
EPS (diluted)	4.1	3.77	4.69	4.14	2.94	5.21	4.57	5.59	5.22	5.55	7.95
Book value per share	-14.3	-18.3	-24.6	-26.2	-26.1	-28.2	-31	-28	-27.1	-26.3	-26.4
FCF per share	2.08	2.05	2.93	3.66	3.79	4.97	4.01	4.69	5.08	5.87	6.06
Cash per share	1.84	4.39	0.91	1.98	2.42	1.64	1.28	1.82	2.51	2.54	2.5
Capex per share	—	—	—	—	—	—	—	—	—	1.33	1.46

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	4.52%	4.63%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	18.5%	19.4%
Payout ratio	45.3%	31%	30%	39.5%	62.6%	37.6%	49%	42.5%	50.6%	50.6%	36.8%
Dividend yield	2.98%	—	1.56%	1.66%	1.73%	1.44%	1.77%	1.85%	1.99%	1.87%	2.18%

Yield

2.18%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.75

ex-dividend Sep 9, 2026

Payout ratio

37%

of earnings

Dividend growth

8 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 9, 2026	$0.75
May 27, 2026	$0.75
Feb 20, 2026	$0.75

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.7B	$2B	$1.6B	$1.8B	$1.8B	$2.4B	$1.8B	$1.9B	$2B	$2.5B	$2.1B	$2.2B
YoY change	+4.15%	+0.84%	-2.86%	+4.51%	+6.91%	+16%	+11.8%	+9.59%	+8.43%	+6.48%	+15.2%	+12.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	725M	1.5B	292M	605M	730M	486M	367M	512M	707M	709M
Receivables	370M	400M	561M	584M	534M	596M	648M	737M	775M	841M
Inventory	37M	13M	—	—	—	—	—	—	—	—
Total current assets	1.5B	2.5B	1.2B	1.5B	1.7B	1.5B	1.6B	1.6B	1.9B	2B
Property, plant & equipment	-36M	-67M	-112M	487M	592M	546M	486M	481M	594M	1B
Goodwill & intangibles	1.4B	1.5B	1.5B	1.5B	1.9B	2B	2B	2B	2.3B	3.8B
Total assets	5.5B	5.3B	4.1B	5.2B	5.9B	6B	5.8B	6.2B	6.7B	8.2B
Accounts payable	142M	119M	202M	173M	215M	227M	243M	231M	249M	292M
Short-term debt	66M	375M	321M	498M	550M	156M	477M	132M	118M	143M
Total current liabilities	1.3B	1.5B	1.3B	1.5B	1.7B	1.4B	1.7B	1.3B	1.3B	1.5B
Long-term debt	9.1B	9.4B	9.8B	10.8B	11.1B	12B	12.2B	11.9B	12.2B	13B
Total liabilities	11.1B	11.6B	12.1B	13.2B	13.7B	14.3B	14.7B	14.1B	14.4B	15.5B
Shareholders' equity	-5.6B	-6.3B	-7.9B	-8B	-7.9B	-8.4B	-8.9B	-7.9B	-7.6B	-7.3B
Total debt	9.1B	9.8B	10.1B	11.3B	11.6B	12.1B	12.7B	12B	12.3B	13.2B
Net debt	8.4B	8.3B	9.8B	10.7B	10.9B	11.6B	12.3B	11.5B	11.7B	12.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	656M	512M	652M	520M	548M	707M	607M	677M	1B	709M	689M	674M
Receivables	647M	737M	686M	713M	708M	775M	712M	756M	744M	841M	828M	623M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	1.7B	1.6B	1.8B	1.6B	1.6B	1.9B	1.7B	1.8B	2.2B	2B	2B	2.5B
Property, plant & equipment	1.9B	481M	1.9B	2.1B	2.2B	594M	2.2B	2.3B	2.4B	652M	2.9B	2.8B
Goodwill & intangibles	2B	2B	2B	2.3B	2.3B	2.3B	2.3B	2.5B	2.5B	3.8B	3.7B	3B
Total assets	6.1B	6.2B	6.2B	6.4B	6.5B	6.7B	6.7B	6.9B	7.2B	8.2B	8.2B	8.7B
Accounts payable	1.1B	231M	1.1B	1.1B	1.1B	249M	1.2B	1.2B	1.2B	292M	1.3B	1.2B
Short-term debt	373M	132M	58M	24M	24M	118M	30M	971M	48M	143M	1.7B	2.8B
Total current liabilities	1.5B	1.3B	1.2B	1.1B	1.2B	1.3B	1.2B	2.2B	1.3B	1.5B	3.1B	4.3B
Long-term debt	11.2B	11.9B	11.1B	11.1B	11.2B	12.2B	11.3B	10.4B	11.5B	13B	10.2B	9.5B
Total liabilities	14.3B	14.1B	14B	14B	14.1B	14.4B	14.5B	14.6B	14.7B	15.5B	15.5B	15.8B
Shareholders' equity	-8.2B	-7.9B	-7.8B	-7.6B	-7.7B	-7.6B	-7.8B	-7.7B	-7.5B	-7.3B	-7.3B	-7.1B
Total debt	11.5B	12B	11.2B	11.2B	11.2B	12.3B	11.4B	11.4B	11.6B	13.2B	12B	12.3B
Net debt	10.9B	11.5B	10.5B	10.8B	10.7B	11.7B	10.8B	10.7B	10.5B	12.5B	11.3B	11.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1B	1.3B	1.5B	1.3B	904M	1.6B	1.3B	1.6B	1.5B	1.6B
Depreciation & amortization	310M	253M	137M	112M	146M	164M	146M	153M	175M	206M
Stock-based compensation	80M	65M	50M	59M	97M	75M	84M	95M	69M	70M
Change in working capital	-63M	-189M	-134M	-92M	190M	76M	-123M	-119M	-45M	49M
Operating cash flow	1.4B	2.2B	1.7B	1.3B	1.3B	1.9B	1.4B	1.6B	1.7B	2B
Capital expenditure	—	—	—	—	—	—	—	—	—	-371M
Investing cash flow	423M	1.8B	547M	108M	-175M	57M	77M	178M	-74M	-1.1B
Dividends paid	-744M	-416M	-462M	-511M	-566M	-592M	-649M	-678M	-752M	-789M
Share repurchases	-5.4B	-2B	-2.4B	-815M	-239M	-1.6B	-1.2B	-50M	-441M	-552M
Financing cash flow	-3.4B	-1.8B	-2.7B	-1.1B	-838M	-1.8B	-1.3B	-1.4B	-1.2B	-1.1B
Net change in cash	-1.6B	2.2B	-478M	309M	330M	172M	191M	347M	494M	-144M
Free cash flow	821M	712M	942M	1.1B	1.1B	1.5B	1.1B	1.3B	1.4B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	416M	463M	314M	367M	382M	423M	253M	375M	396M	535M	432M	853M
Depreciation & amortization	37M	49M	35M	41M	44M	55M	45M	44M	50M	67M	60M	59M
Stock-based compensation	22M	26M	23M	15M	14M	17M	21M	16M	17M	16M	24M	11M
Change in working capital	63M	-54M	-22M	-41M	45M	-27M	39M	-47M	17M	40M	-47M	-8M
Operating cash flow	532M	362M	404M	380M	490M	457M	464M	430M	543M	617M	416M	507M
Capital expenditure	—	—	—	—	—	—	—	—	-94M	-135M	-75M	-100M
Investing cash flow	28M	3M	94M	-132M	-12M	-24M	-17M	-62M	-78M	-795M	-80M	-99M
Dividends paid	-169M	-170M	-189M	-188M	-188M	-187M	-198M	-197M	-197M	-197M	-207M	-206M
Share repurchases	0	0	0	-50M	-277M	-114M	-229M	-109M	-36M	-178M	-185M	-489M
Financing cash flow	-502M	-229M	-247M	-537M	-444M	-172M	-443M	-316M	-474M	155M	-375M	-382M
Net change in cash	58M	136M	251M	-289M	34M	261M	4M	52M	-9M	-23M	-39M	26M
Free cash flow	420M	342M	314M	292M	419M	407M	333M	375M	449M	482M	341M	407M

Date	Ratio
Nov 1, 2016	1391:1000
Jun 27, 2007	2:1
Jun 18, 2002	2:1

Yum! Brands, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history