Yum! Brands income statement

In fiscal 2025, Yum! Brands reported revenue of $8.21bn, up 8.8% on the year before, operating income of $2.57bn (a 31.3% margin) and net income of $1.56bn, or $5.55 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Yum! Brands: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	10.8	11.3	12.6	13.6	13.1	13.3	6.4	6.4	5.9	5.7	5.6	5.7	6.6	6.8	7.1	7.5	8.2	8.7
Cost of revenue	—	—	—	—	—	—	—	—	3.0	1.6	1.2	1.5	1.7	1.7	1.8	2.1	2.5	2.8
Gross profit	—	—	—	—	—	—	—	—	2.9	4.1	4.4	4.1	4.9	5.1	5.3	5.4	5.7	5.9
Research and development	0.0	0.0	0.0	0.0	0.0	0.0	0.0	—	—	—	—	—	—	—	—	—	—	—
General and administrative	1.2	1.3	1.4	1.5	1.4	1.4	1.5	—	1.0	0.9	0.9	1.1	1.1	1.1	1.2	1.2	1.3	1.3
Operating income	1.6	1.8	1.8	2.3	1.8	1.5	1.4	1.7	2.8	2.3	1.9	1.5	2.1	2.2	2.3	2.4	2.6	2.7
Interest expense	0.2	0.2	0.2	0.2	0.3	0.2	0.2	0.3	0.5	0.5	0.5	0.6	0.6	0.6	0.6	0.5	0.5	—
Net interest income	−0.2	−0.2	−0.2	−0.1	−0.2	−0.1	−0.1	−0.3	−0.4	−0.5	−0.5	−0.5	−0.5	−0.5	−0.5	−0.5	−0.5	−0.5
Income before tax	1.4	1.6	1.7	2.1	1.6	1.4	1.3	1.3	2.3	1.8	1.4	1.0	1.7	1.7	1.8	1.9	2.1	2.2
Income tax	0.3	0.4	0.3	0.5	0.5	0.4	0.5	—	0.9	0.3	0.1	0.1	0.1	0.3	0.2	0.4	0.5	−0.0
Net income	1.1	1.2	1.3	1.6	1.1	1.1	1.3	1.6	1.3	1.5	1.3	0.9	1.6	1.3	1.6	1.5	1.6	2.2
Diluted EPS	$2.22	$2.38	$2.74	$3.38	$2.36	$2.32	$2.90	$4.10	$3.77	$4.69	$4.14	$2.94	$5.21	$4.57	$5.59	$5.22	$5.55	$7.94
Diluted shares (average)	483m	486m	481m	473m	461m	453m	443m	400m	355m	329m	313m	307m	302m	290m	285m	285m	281m	279m
EBITDA	2.2	2.4	2.5	3.0	2.5	1.8	1.8	2.0	3.0	2.4	2.0	1.6	2.3	2.3	2.5	2.6	2.8	2.9

US$ millions unless shown otherwise. Fiscal quarters.

Yum! Brands: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	1,826	2,362	1,787	1,933	1,979	2,515	2,059	2,169
Cost of revenue	523	727	520	560	587	815	677	700
Gross profit	1,303	1,635	1,267	1,373	1,392	1,700	1,382	1,469
General and administrative	263	351	302	302	282	377	322	324
Operating income	619	657	548	622	666	738	644	655
Net interest income	−120	−131	−120	−123	−124	−133	−128	−128
Income before tax	502	528	429	499	541	607	516	533
Income tax	120	105	176	125	144	72	84	−320
Net income	382	423	253	374	397	535	432	853
Diluted EPS	$1.35	$1.49	$0.90	$1.33	$1.41	$1.91	$1.55	$3.08
EBITDA	663	712	593	666	716	805	704	715

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: QSR vs YUM TXRH vs YUM YUM vs YUMC

More: Restaurants stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Yum! Brands's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Yum! Brands.