Yum China Holdings, Inc. income statement
In fiscal 2025, Yum China Holdings, Inc. reported revenue of $11.80bn, up 4.4% on the year before, operating income of $1.29bn (a 10.9% margin) and net income of $929m, or $2.51 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
| Fiscal year | 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 | 6.9 | 6.9 | 7.1 | 7.8 | 8.4 | 8.8 | 8.3 | 9.9 | 9.6 | 11.0 | 11.3 | 11.8 | 12.4 |
| Research and development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — |
| General and administrative | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 |
| Operating income | 0.0 | 0.5 | 0.6 | 0.8 | 0.9 | 0.9 | 1.0 | 1.4 | 0.6 | 1.1 | 1.2 | 1.3 | 1.4 |
| Net interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 |
| Income before tax | 0.0 | 0.5 | 0.7 | 0.8 | 1.0 | 1.0 | 1.1 | 1.4 | 0.7 | 1.2 | 1.3 | 1.4 | 1.4 |
| Income tax | 0.1 | 0.2 | 0.2 | 0.4 | 0.2 | 0.3 | 0.3 | 0.4 | 0.2 | 0.3 | 0.4 | 0.4 | 0.4 |
| Net income | −0.0 | 0.3 | 0.5 | 0.4 | 0.7 | 0.7 | 0.8 | 1.0 | 0.4 | 0.8 | 0.9 | 0.9 | 1.0 |
| Diluted EPS | −$0.02 | $0.89 | $1.35 | $1.00 | $1.79 | $1.84 | $1.95 | $2.28 | $1.04 | $1.97 | $2.33 | $2.51 | $2.72 |
| Diluted shares (average) | 363,758m | 364m | 369m | 398m | 395m | 388m | 402m | 434m | 425m | 420m | 390m | 371m | 359m |
| EBITDA | 0.4 | 0.9 | 1.0 | 1.2 | 1.4 | 1.3 | 1.4 | 1.9 | 1.2 | 1.6 | 1.6 | 1.7 | 1.8 |
| 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 | 3,071 | 2,595 | 2,981 | 2,787 | 3,206 | 2,823 | 3,271 | 3,138 |
| General and administrative | 139 | 156 | 138 | 131 | 143 | 169 | 137 | 139 |
| Operating income | 371 | 151 | 399 | 304 | 400 | 187 | 447 | 348 |
| Net interest income | 31 | 29 | 26 | 25 | 23 | 18 | 16 | 12 |
| Income before tax | 436 | 170 | 428 | 311 | 413 | 206 | 452 | 354 |
| Income tax | 119 | 47 | 119 | 80 | 114 | 56 | 123 | 92 |
| Net income | 297 | 115 | 292 | 215 | 282 | 140 | 309 | 244 |
| Diluted EPS | $0.77 | $0.30 | $0.77 | $0.58 | $0.76 | $0.40 | $0.87 | $0.70 |
| EBITDA | 491 | 272 | 508 | 414 | 514 | 302 | 564 | 468 |
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