Yum! Brands, Inc.
Financial Performance
Yum! Brands Revenue & Financials
Revenue
$8.2B (FY2025)
Market Cap
$42B
Net Income
$1.6B
Employees
36,000
What is Yum! Brands's revenue?
Yum! Brands had $8.2B in revenue for fiscal year 2025, up 8.8% from 2024. Net income was $1.6B.
- Latest revenue
- $8.2B (FY2025)
- Year-over-year
- +8.8%
- Growth rate (CAGR)
- 2.9% over 9 years
- Peak revenue
- $8.2B (FY2025)
- Years of data
- 10
- Employees
- 36,000
- What is Yum! Brands's operating income?
- Yum! Brands reported operating income of $2.6B for fiscal year 2025. sec.gov
- How much profit does Yum! Brands make?
- Yum! Brands reported net income of $1.6B for fiscal year 2025. s2.q4cdn.com
- How many employees does Yum! Brands have?
- Yum! Brands has about 36,000 employees.
Financial Analysis
Fiscal 2025 total revenues were $8.214 billion, up 9%, with GAAP net income of $1.559 billion and GAAP EPS of $5.55 (EPS excluding Special Items of $6.05, up 10%). Fourth-quarter 2025 revenue was $2.514 billion. In the second quarter of 2026 revenue rose about 12% to $2.169 billion, GAAP EPS was $3.08 and EPS excluding Special Items was $1.62. Pizza Hut sale proceeds of about $2.7 billion arrived in the third quarter of 2026, subject to purchase price adjustments.
Revenue Trend Analysis
YoY Change
+8.8%
9-Year CAGR
+2.9%
Peak Year
2025
Trend
Mostly Growing
Yum! Brands, Inc. has 10 full fiscal year figures on this page, compounding at +2.9% annually over 9 years. The most recent year saw a 8.8% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $8.2B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $8.2B | $2.6Bfiling | $1.6B | +8.8% | Yum! Brands fourth-quarter 2025 earnings release Fiscal year ended December 31, 2025. Revenue up 9%. |
| FY2024 | $7.5B | $2.4Bfiling | $1.5B | +6.7% | Yum! Brands Form 10-K Fiscal year ended December 31, 2024 (53-week year). |
| FY2023 | $7.1B | $2.3Bfiling | $1.6B | +3.4% | Yum! Brands Form 10-K Fiscal year ended December 31, 2023. |
| FY2022 | $6.8B | $2.2B | $1.3B | +3.9% | Yum! Brands, Inc. annual report (Form 10-K, SEC EDGAR, filed 2025-02-19) Fiscal year ended 2022-12-31. |
| FY2021 | $6.6B | $2.1B | $1.6B | +16.5% | Yum! Brands, Inc. annual report (Form 10-K, SEC EDGAR, filed 2024-02-20) Fiscal year ended 2021-12-31. |
| FY2020 | $5.7B | $1.5B | $904M | +1.0% | Yum! Brands, Inc. annual report (Form 10-K, SEC EDGAR, filed 2023-02-27) Fiscal year ended 2020-12-31. |
| FY2019 | $5.6B | $1.9B | $1.3B | -1.6% | Yum! Brands, Inc. annual report (Form 10-K, SEC EDGAR, filed 2022-02-23) Fiscal year ended 2019-12-31. |
| FY2018 | $5.7B | $2.3B | $1.5B | -3.2% | Yum! Brands, Inc. annual report (Form 10-K, SEC EDGAR, filed 2021-02-22) Fiscal year ended 2018-12-31. |
| FY2017 | $5.9B | $2.8B | $1.3B | -7.5% | Yum! Brands, Inc. annual report (Form 10-K, SEC EDGAR, filed 2020-02-20) Fiscal year ended 2017-12-31. |
| FY2016 | $6.4B | $1.7B | $1.6B | — | Yum! Brands, Inc. annual report (Form 10-K, SEC EDGAR, filed 2019-02-21) Fiscal year ended 2016-12-31. |
Click any row to see year details.
Yum! Brands, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $2B | $371M | $8.2B | $15.5B | — | $1.6B | Form 10-K |
| FY2024ended Dec 31, 2024 | $1.7B | $257M | $6.7B | $14.4B | — | $1.4B | Form 10-K |
| FY2023ended Dec 31, 2023 | $1.6B | $285M | $6.2B | $14.1B | — | $1.3B | Form 10-K |
| FY2022ended Dec 31, 2022 | $1.4B | $279M | $5.8B | $14.7B | — | $1.1B | Form 10-K |
| FY2021ended Dec 31, 2021 | $1.7B | $230M | $6B | $14.3B | — | $1.5B | Form 10-K |
| FY2020ended Dec 31, 2020 | $1.3B | $160M | $5.9B | $13.7B | — | $1.1B | Form 10-K |
| FY2019ended Dec 31, 2019 | $1.3B | $196M | $5.2B | $13.2B | — | $1.1B | Form 10-K |
| FY2018ended Dec 31, 2018 | $1.2B | $234M | $4.1B | $12.1B | -$7.9B | $942M | Form 10-K |
| FY2017ended Dec 31, 2017 | $1B | $318M | $5.3B | $11.6B | — | $712M | Form 10-K |
| FY2016ended Dec 31, 2016 | — | — | $5.5B | $11.1B | — | — | Form 10-K |
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Yum! Brands Revenue and Financial FAQ
What is the difference between Yum's system sales and corporate revenue?
System-wide sales across all 59,000+ franchised and company restaurants exceed $60 billion annually, while reported corporate revenue is roughly $7 billion, reflecting royalties and fees.
What are Yum! Brands' corporate operating margins?
Because 98% of units are franchised, Yum! Brands achieves extraordinary corporate operating margins exceeding 30% to 35%, significantly higher than traditional restaurant operators.
Which brand contributes the most operating profit to Yum! Brands?
Taco Bell is the financial engine of Yum! Brands in the United States, generating the largest share of divisional operating profit with industry-leading restaurant margins of 22% to 24%.
How does KFC perform financially across global markets?
KFC represents Yum's largest global retail brand, generating roughly half of Yum's total divisional operating profit driven by massive scale in emerging markets, Europe, and Asia.
What is Yum! Brands' capital allocation and shareholder return strategy?
Yum prioritizes a steady, growing quarterly cash dividend alongside regular share repurchases, returning billions of dollars to shareholders funded by predictable royalty cash flows.
What is Yum! Brands' corporate debt structure?
Yum utilizes debt leverage efficiently, maintaining investment-grade and high-yield notes with target leverage around 4.0x to 4.5x net debt-to-EBITDA, backed by durable recurring royalties.
What are digital sales levels across Yum! Brands?
Digital system sales—generated through mobile apps, third-party delivery aggregators, and in-store kiosks—surpass $30 billion annually, representing over 50% of total system sales.
How did the 2016 refranchising program transform Yum's financial profile?
Refranchising cut capital expenditure and restaurant operating costs, shifting the financial model from volatile retail food margins to highly predictable, high-margin cash royalties.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Yum! Brands Revenue & Financials." CorpDigest, https://corpdigest.com/company/yum-brands/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Yum! Brands reported $8.2B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/yum-brands/financials" target="_blank" rel="noopener">CorpDigest — Yum! Brands financials</a></div>Related Financial Audits
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