How did Yum! Brands, Inc.'s revenue change from 2024 to 2025?

Yum! Brands, Inc. revenue grew from $7.0B in 2024 to $8.2B in 2025, a change of 16.5%.

Was 2025 Yum! Brands, Inc.'s best revenue year?

Yes — 2025 was Yum! Brands, Inc.'s highest recorded revenue year at $8.2B, the peak across all 4 years of available data.

What was Yum! Brands, Inc.'s highest ever annual revenue?

Yum! Brands, Inc.'s highest ever annual revenue was $8.2B recorded in fiscal year 2025.

Yum! Brands, Inc.

Quick Service Restaurants (QSR)Founded 1997

Reviewed by Swet Parvadiya

Last reviewed: July 2025

Explore Yum! Brands, Inc.

Core profile pages, annual revenue records, and related research hubs for this company.

Yum! Brands, Inc.

Quick Service Restaurants (QSR)Founded 1997

Reviewed by Swet Parvadiya

Last reviewed: July 2025

Annual Revenue

Yum! Brands, Inc. Revenue in 2025

Q: What was Yum! Brands, Inc.'s revenue in 2025?

Yum! Brands, Inc. reported $8.2B in revenue for fiscal year 2025. This represents a +16.5% change compared to 2024.

FY2025 Revenue

$8.2B

▲ 16.5% vs FY2024 ($7.0B)

Source: Annual report / company filing

Yum! Brands, Inc. reported $8.2B in revenue for fiscal year 2025. This represents a growth of 16.5% compared to the 2024 figure of $7.0B.

Revenue grew from $6.51 billion in 2022 to $7.05 billion in 2024, with system-wide sales reaching $38.5 billion in fiscal 2024. Net income of $1.21 billion on $7.05 billion in corporate revenue implies a net margin of approximately 17 percent, reflecting the royalty model's insulation from the food cost, labor, and occupancy expenses that franchisees absorb. The 41.2 percent operating margin is the most direct expression of what franchise economics produce at this scale: the corporate entity collects revenue on every transaction without carrying the operational risk of any individual restaurant. When chicken prices spike or minimum wages increase, franchisees adjust their economics; Yum!'s royalty percentage remains fixed. The $42 billion market capitalization against $7.05 billion in corporate revenue implies a price-to-sales multiple of approximately six, reasonable for a business with high-margin recurring royalty streams, 150 million loyalty program members, and exposure to long-term growth in emerging market restaurant density. The centralized procurement apparatus that leverages 55,000 global units to negotiate master commodity pricing agreements provides franchisees with input cost protection they couldn't access individually — a value that Yum!'s system scale creates and that supports franchisee unit economics, ultimately protecting the royalty stream that depends on franchisee profitability and willingness to develop new locations.