Yum! Brands, Inc. (YUM) Income Statement
YUM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsYUM revenue and net income
Where YUM's revenue goes
2025Each bar shows an amount and its share of revenue. YUM kept 19.0% of revenue as net income.
YUM profit margins
YUM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.8% | +6.3% | +7.8% | +2.5% |
| Gross profit | +5.8% | +4.7% | +7.1% | +4.0% |
| Operating income | +5.3% | +5.0% | +11.0% | +5.8% |
| Net income | +4.9% | +5.6% | +11.5% | +1.9% |
| EPS (diluted) | +10.4% | +10.4% | +10.8% | +6.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
YUM quarterly EPS vs estimates
Yum! Brands beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 3, 2026 (estimate $1.51).
YUM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.21B | $7.55B | $7.08B | $6.84B | $6.58B | $5.65B | $5.60B | $5.69B | $5.88B | $6.36B |
| Cost of revenue | $4.42B | $3.96B | $3.58B | $3.54B | $3.42B | $2.96B | $2.78B | $3.03B | $3.19B | $3.69B |
| Gross profit | $3.79B | $3.58B | $3.50B | $3.31B | $3.17B | $2.69B | $2.81B | $2.66B | $2.69B | $2.67B |
| Research & development | — | — | — | — | — | — | — | — | $22.0M | $24.0M |
| Sales, general & admin | $1.26B | $1.10B | $1.20B | $1.14B | $1.06B | $1.06B | $917.0M | $895.0M | $999.0M | $1.13B |
| Total operating expenses | $1.26B | $1.18B | $1.18B | $1.12B | $1.03B | $1.18B | $884.0M | $362.0M | −$74.0M | $984.0M |
| Operating income | $2.53B | $2.40B | $2.32B | $2.19B | $2.14B | $1.50B | $1.93B | $2.30B | $2.76B | $1.68B |
| Interest income | $500.0M | $510.0M | $506.0M | $516.0M | $458.0M | $469.0M | $553.0M | $443.0M | $440.0M | $305.0M |
| Interest expense | $500.0M | $489.0M | $513.0M | $527.0M | $544.0M | $543.0M | $486.0M | $452.0M | $445.0M | $305.0M |
| Income before taxes | $2.08B | $1.90B | $1.82B | $1.66B | $1.67B | $1.02B | $1.37B | $1.84B | $2.27B | $1.34B |
| Income taxes | $518.0M | $414.0M | $221.0M | $337.0M | $99.0M | $116.0M | $79.0M | $297.0M | $934.0M | $327.0M |
| Net income | $1.56B | $1.49B | $1.60B | $1.32B | $1.57B | $904.0M | $1.29B | $1.54B | $1.34B | $1.64B |
| EBITDA | $2.78B | $2.56B | $2.48B | $2.33B | $2.38B | $1.71B | $1.97B | $2.43B | $2.97B | $1.96B |
| EPS (diluted) | $6.05 | $5.48 | $5.17 | $4.50 | $4.47 | $3.62 | $3.55 | $3.16 | $2.97 | $3.58 |
| Gross margin | 46.2% | 47.5% | 49.4% | 48.3% | 48.1% | 47.5% | 50.3% | 46.7% | 45.7% | 41.9% |
| Operating margin | 30.8% | 31.8% | 32.8% | 32.0% | 32.5% | 26.6% | 34.5% | 40.4% | 47.0% | 26.5% |
| Net margin | 19.0% | 19.7% | 22.6% | 19.4% | 23.9% | 16.0% | 23.1% | 27.1% | 22.8% | 25.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.17B | $2.06B | $2.51B | $1.98B | $1.93B | $1.79B | $2.36B | $1.83B | $1.76B | $1.60B | $2.04B | $1.71B |
| Cost of revenue | $1.14B | $1.14B | $1.40B | $1.05B | $1.03B | $950.0M | $1.31B | $960.0M | $894.0M | $798.0M | $1.06B | $848.0M |
| Gross profit | $1.02B | $920.0M | $1.12B | $931.0M | $905.0M | $837.0M | $1.05B | $866.0M | $869.0M | $800.0M | $973.0M | $860.0M |
| Sales, general & admin | $324.0M | $322.0M | $377.0M | $282.0M | $302.0M | $302.0M | $374.0M | $263.0M | $281.0M | $286.0M | $354.0M | $267.0M |
| Total operating expenses | $370.0M | $276.0M | $377.0M | $265.0M | $283.0M | $289.0M | $392.0M | $247.0M | $262.0M | $280.0M | $364.0M | $247.0M |
| Operating income | $655.0M | $644.0M | $738.0M | $666.0M | $622.0M | $548.0M | $657.0M | $619.0M | $607.0M | $520.0M | $609.0M | $613.0M |
| Interest income | — | — | $133.0M | $124.0M | $123.0M | $119.0M | $131.0M | $119.0M | — | — | — | $110.0M |
| Interest expense | $128.0M | $128.0M | $133.0M | $124.0M | $123.0M | $120.0M | $131.0M | $120.0M | $121.0M | $117.0M | $132.0M | $126.0M |
| Income before taxes | $533.0M | $516.0M | $607.0M | $541.0M | $499.0M | $429.0M | $528.0M | $502.0M | $487.0M | $383.0M | $464.0M | $505.0M |
| Income taxes | −$320.0M | $84.0M | $72.0M | $144.0M | $125.0M | $176.0M | $105.0M | $120.0M | $120.0M | $69.0M | $1.0M | $89.0M |
| Net income | $853.0M | $432.0M | $535.0M | $397.0M | $374.0M | $253.0M | $423.0M | $382.0M | $367.0M | $314.0M | $463.0M | $416.0M |
| EBITDA | $661.0M | $700.0M | $807.0M | $715.0M | $692.0M | $594.0M | $714.0M | $666.0M | $649.0M | $535.0M | $645.0M | $668.0M |
| EPS (diluted) | $1.62 | $1.50 | $1.73 | $1.58 | $1.44 | $1.30 | $1.61 | $1.37 | $1.35 | $1.15 | $1.26 | $1.44 |
| Gross margin | 47.3% | 44.7% | 44.5% | 47.0% | 46.8% | 46.8% | 44.4% | 47.4% | 49.3% | 50.1% | 47.8% | 50.4% |
| Operating margin | 30.2% | 31.3% | 29.4% | 33.6% | 32.2% | 30.7% | 27.8% | 33.9% | 34.4% | 32.5% | 29.9% | 35.9% |
| Net margin | 39.3% | 21.0% | 21.3% | 20.1% | 19.4% | 14.2% | 17.9% | 20.9% | 20.8% | 19.6% | 22.7% | 24.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in YUM's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
YUM financial results
In fiscal year 2025 (ended December 31, 2025), Yum! Brands reported revenue of $8.2 billion, up 8.8% from the year before. It had net income of $1.6 billion (up 4.9%), a net profit margin of 19.0%. Diluted earnings per share came to $6.05. Over five years revenue grew at an average rate of 7.8% a year.
See the YUM stock overview for the latest quote and news, or the YUM chart for price history and technical indicators.
YUM income statement FAQ
What is Yum! Brands's annual revenue?
Yum! Brands reported total revenue of $8.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 8.8% from $7.5 billion the previous year.
Is Yum! Brands profitable?
Yes. Yum! Brands reported net income of $1.6 billion in fiscal 2025, a net profit margin of 19.0%; its operating margin was 30.8%.
What is Yum! Brands's gross margin?
Yum! Brands's gross margin was 46.2% in fiscal 2025: for every $100 of revenue, Yum! Brands kept $46 after the direct cost of its products and services.
How fast is Yum! Brands growing?
Revenue grew 7.8% a year on average over the last five fiscal years, from $5.7 billion to $8.2 billion.
What are Yum! Brands's earnings per share?
Yum! Brands earned $6.05 per diluted share in fiscal 2025, compared with $5.48 a year earlier.
When will Yum! Brands report its next earnings?
Yum! Brands is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does Yum! Brands's fiscal year end?
Yum! Brands's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.