Yum China (YUMC) Financials

$45.32 -0.16 (-0.35%)

Closing price 05/19/2026 03:59 PM Eastern

Extended Trading

$45.98 +0.66 (+1.45%)

As of 05/19/2026 07:55 PM Eastern

Annual Income Statements for Yum China

This table shows Yum China's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	323	498	398	708	713	784	990	442	827	911	929
Consolidated Net Income / (Loss)	328	510	424	736	743	813	1,023	478	901	980	1,004
Net Income / (Loss) Continuing Operations	328	510	424	736	743	813	1,736	791	1,293	1,421	1,526
Total Pre-Tax Income	496	666	803	950	1,003	1,108	1,392	687	1,226	1,331	1,358
Total Operating Income	488	634	778	941	901	961	1,386	629	1,106	1,162	1,290
Total Gross Profit	908	1,096	1,284	1,315	1,401	1,267	2,119	1,740	2,277	2,331	2,561
Total Revenue	6,909	7,075	7,769	8,415	8,776	8,263	9,853	9,569	10,978	11,303	11,797
Operating Revenue	6,909	7,075	7,769	8,415	8,776	8,263	9,853	9,569	10,978	11,303	11,797
Total Cost of Revenue	6,001	5,979	6,485	7,100	7,375	6,996	8,447	8,142	9,093	9,413	9,758
Operating Cost of Revenue	6,001	5,979	6,485	7,100	7,375	6,996	7,734	7,829	8,701	8,972	9,236
Total Operating Expenses	420	462	506	374	500	306	20	798	779	728	749
Selling, General & Admin Expense	395	444	523	485	524	536	629	672	750	690	713
Other Operating Expenses / (Income)	-26	-60	-64	-152	-60	-285	-643	94	0.00	-1.00	-1.00
Impairment Charge	64	78	47	41	36	55	34	32	29	39	37
Total Other Income / (Expense), net	8.00	32	25	9.00	102	147	6.00	58	120	169	68
Interest Expense	-8.00	-11	-25	-36	-39	-43	-60	-84	-169	-129	-92
Interest & Investment Income	-	0.00	0.00	-27	63	104	-54	-26	-49	40	-24
Income Tax Expense	168	156	379	214	260	295	369	207	329	356	369
Other Gains / (Losses), net	-	-	-	-	-	-	0.00	-2.00	4.00	5.00	15
Net Income / (Loss) Attributable to Noncontrolling Interest	5.00	12	26	28	30	29	33	36	74	69	75
Basic Earnings per Share	$0.89	$1.35	$1.03	$1.84	$1.89	$2.01	$2.34	$1.05	$1.99	$2.34	$2.52
Weighted Average Basic Shares Outstanding	363.76M	368M	387M	384M	377M	390M	422M	421M	416M	388M	369M
Diluted Earnings per Share	$0.89	$1.35	$1.00	$1.79	$1.84	$1.95	$2.28	$1.04	$1.97	$2.33	$2.51
Weighted Average Diluted Shares Outstanding	363.76M	369M	398M	395M	388M	402M	434M	425M	420M	390M	371M
Weighted Average Basic & Diluted Shares Outstanding	362.90M	369.10M	386.40M	384.80M	377.20M	420.41M	425.59M	418.40M	400.76M	376.12M	353.10M
Cash Dividends to Common per Share	-	$0.00	$0.10	$0.42	$0.48	$0.24	$0.48	$0.48	$0.52	$0.64	$0.96

This table shows Yum China's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	244	97	287	212	297	115	292	215	282	140	309
Consolidated Net Income / (Loss)	267	107	307	228	319	126	313	233	305	153	331
Net Income / (Loss) Continuing Operations	371	201	421	329	439	232	441	353	450	282	493
Total Pre-Tax Income	365	138	420	305	436	170	428	311	413	206	452
Total Operating Income	323	110	374	266	371	151	399	304	400	187	447
Total Gross Profit	625	403	657	542	670	462	700	596	727	538	777
Total Revenue	2,914	2,493	2,958	2,679	3,071	2,595	2,981	2,787	3,206	2,823	3,271
Operating Revenue	2,914	2,493	2,958	2,679	3,071	2,595	2,981	2,787	3,206	2,823	3,271
Total Cost of Revenue	2,393	2,184	2,415	2,238	2,521	2,239	2,409	2,311	2,624	2,414	2,656
Operating Cost of Revenue	2,289	2,090	2,301	2,137	2,401	2,133	2,281	2,191	2,479	2,285	2,494
Total Operating Expenses	198	199	169	175	179	205	173	172	182	222	168
Selling, General & Admin Expense	198	188	169	162	171	188	167	161	178	207	168
Impairment Charge	0.00	12	1.00	13	8.00	17	6.00	12	4.00	15	0.00
Total Other Income / (Expense), net	42	28	46	39	65	19	29	7.00	13	19	5.00
Interest Expense	-46	-45	-38	-31	-31	-29	-26	-25	-23	-18	-16
Interest & Investment Income	-4.00	-17	8.00	8.00	34	-10	3.00	-18	-10	1.00	-11
Income Tax Expense	100	33	113	77	119	47	119	80	114	56	123
Other Gains / (Losses), net	2.00	2.00	0.00	0.00	2.00	3.00	4.00	2.00	6.00	3.00	2.00
Net Income / (Loss) Attributable to Noncontrolling Interest	23	10	20	16	22	11	21	18	23	13	22
Basic Earnings per Share	$0.59	$0.24	$0.72	$0.55	$0.77	$0.30	$0.78	$0.58	$0.76	$0.40	$0.88
Weighted Average Basic Shares Outstanding	416M	416M	401M	389M	384M	388M	376M	373M	368M	369M	353M
Diluted Earnings per Share	$0.58	$0.24	$0.71	$0.55	$0.77	$0.30	$0.77	$0.58	$0.76	$0.40	$0.87
Weighted Average Diluted Shares Outstanding	420M	420M	403M	391M	385M	390M	378M	374M	369M	371M	354M
Weighted Average Basic & Diluted Shares Outstanding	413.65M	400.76M	389.90M	384.42M	379.76M	376.12M	373.32M	368.72M	361.42M	353.10M	349.15M
Cash Dividends to Common per Share	$0.13	-	$0.16	$0.16	$0.16	-	$0.24	$0.24	$0.24	-	$0.29

This table details how cash moves in and out of Yum China's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	187	460	142	207	-211	103	-22	-6.00	-2.00	-405	-217
Net Cash From Operating Activities	913	866	884	1,333	1,185	1,114	1,131	1,413	1,473	1,419	1,466
Net Cash From Continuing Operating Activities	913	866	884	1,333	1,185	1,114	1,131	1,413	1,473	1,419	1,466
Net Income / (Loss) Continuing Operations	328	510	424	736	743	813	1,023	478	901	980	1,004
Consolidated Net Income / (Loss)	328	510	424	736	743	813	1,023	478	901	980	1,004
Depreciation Expense	425	402	409	445	428	450	516	602	453	476	448
Non-Cash Adjustments To Reconcile Net Income	45	54	53	-8.00	342	109	-88	544	553	454	505
Changes in Operating Assets and Liabilities, net	115	-100	-2.00	160	-328	-258	-320	-211	-434	-491	-491
Net Cash From Investing Activities	-493	-471	-557	-552	-910	-3,109	-855	-522	-743	-178	-5.00
Net Cash From Continuing Investing Activities	-493	-471	-557	-552	-910	-3,109	-855	-522	-743	-178	-5.00
Purchase of Property, Plant & Equipment	-512	-436	-415	-470	-435	-419	-689	-679	-710	-705	-626
Acquisitions	-	0.00	-25	-91	0.00	-288	-415	-23	-20	0.00	-14
Purchase of Investments	-40	-136	-596	-678	-1,024	-4,573	-6,139	-5,189	-3,517	-4,728	-7,583
Sale and/or Maturity of Investments	40	53	479	680	534	2,115	6,383	5,365	3,499	5,251	8,216
Other Investing Activities, net	-8.00	29	0.00	7.00	15	56	5.00	4.00	5.00	4.00	2.00
Net Cash From Financing Activities	-216	93	-185	-518	-480	2,058	-313	-844	-716	-1,636	-1,689
Net Cash From Continuing Financing Activities	-216	93	-185	-518	-480	2,058	-313	-844	-716	-1,636	-1,689
Repayment of Debt	-2.00	-3.00	-	-14	-2.00	-1.00	-7.00	-4.00	-106	-366	-138
Repurchase of Common Equity	-	0.00	-128	-307	-265	-8.00	-75	-466	-613	-1,249	-1,144
Payment of Dividends	-	-7.00	-60	-197	-213	-128	-268	-394	-296	-328	-436
Issuance of Debt	-	-	3.00	-	-	-	0.00	2.00	264	307	29
Issuance of Common Equity	-	460	-	0.00	0.00	2,195	37	18	35	0.00	0.00
Effect of Exchange Rate Changes	-17	-28	-	-56	-6.00	40	15	-53	-16	-10	11
Cash Interest Paid	-	-	-	-	-	-	0.00	0.00	3.00	4.00	0.00
Cash Income Taxes Paid	143	182	232	208	255	170	255	204	324	393	370

This table details how cash moves in and out of Yum China's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-58	-3.00	-245	160	150	-470	102	-233	56	-142	-33
Net Cash From Operating Activities	410	139	442	401	409	167	452	412	477	125	550
Net Cash From Continuing Operating Activities	410	139	442	401	409	167	452	412	477	125	550
Net Income / (Loss) Continuing Operations	267	107	307	228	319	126	313	233	305	153	331
Consolidated Net Income / (Loss)	267	107	307	228	319	126	313	233	305	153	331
Depreciation Expense	111	114	117	118	120	121	109	110	114	115	117
Non-Cash Adjustments To Reconcile Net Income	118	151	106	125	83	140	111	146	118	130	128
Changes in Operating Assets and Liabilities, net	-86	-233	-88	-70	-113	-220	-81	-77	-60	-273	-26
Net Cash From Investing Activities	-454	309	99	-231	104	-150	-72	-218	-26	311	-233
Net Cash From Continuing Investing Activities	-454	309	99	-231	104	-150	-72	-218	-26	311	-233
Purchase of Property, Plant & Equipment	-167	-211	-189	-169	-165	-182	-137	-122	-126	-241	-144
Acquisitions	-	-	0.00	-	-	-	-14	-	-	-	0.00
Purchase of Investments	-1,115	-230	-268	-1,211	-1,851	-1,398	-1,838	-2,086	-2,238	-1,421	-1,867
Sale and/or Maturity of Investments	826	769	555	1,147	2,119	1,430	1,916	1,989	2,340	1,971	1,777
Other Investing Activities, net	2.00	1.00	1.00	2.00	1.00	-	1.00	1.00	-2.00	2.00	1.00
Net Cash From Financing Activities	-10	-476	-776	-9.00	-374	-477	-280	-429	-398	-582	-353
Net Cash From Continuing Financing Activities	-10	-476	-776	-9.00	-374	-477	-280	-429	-398	-582	-353
Repayment of Debt	-1.00	-101	-17	-52	-117	-180	-4.00	-132	-1.00	-1.00	-38
Repurchase of Common Equity	-158	-333	-679	-190	-188	-192	-173	-195	-324	-452	-218
Payment of Dividends	-63	-94	-80	-74	-69	-105	-103	-102	-102	-129	-117
Issuance of Debt	212	52	-	-	-	-	0.00	-	29	-	20
Effect of Exchange Rate Changes	-4.00	25	-10	-1.00	11	-10	2.00	2.00	3.00	4.00	3.00
Cash Interest Paid	3.00	-	-	-	-	-	0.00	-	-	-	0.00
Cash Income Taxes Paid	70	79	38	149	76	130	54	129	83	104	53

This table presents Yum China's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,201	3,727	4,287	4,610	6,950	10,875	13,223	11,826	12,031	11,121	10,783
Total Current Assets	799	1,426	1,802	1,952	2,259	4,936	4,716	3,940	3,431	2,694	2,357
Cash & Equivalents	425	885	1,059	1,266	1,046	1,158	1,136	1,130	1,128	723	506
Short-Term Investments	-	79	205	122	611	3,105	2,860	2,022	1,472	1,121	878
Accounts Receivable	33	74	79	80	88	99	67	64	68	79	95
Inventories, net	189	268	297	307	380	398	432	417	424	405	438
Prepaid Expenses	152	120	162	177	134	176	221	307	339	366	440
Plant, Property, & Equipment, net	1,841	1,647	1,691	1,615	1,594	1,765	2,251	2,118	2,310	2,407	2,543
Total Noncurrent Assets	561	654	-	1,043	3,097	4,174	6,256	5,768	6,290	6,020	5,883
Long-Term Investments	61	71	95	81	89	85	292	361	332	368	387
Goodwill	85	79	108	266	254	832	2,142	1,988	1,932	1,880	1,963
Intangible Assets	107	88	101	116	94	246	272	159	150	144	148
Noncurrent Deferred & Refundable Income Taxes	116	162	105	89	95	98	106	113	129	138	156
Other Noncurrent Operating Assets	192	254	385	491	2,565	2,913	3,444	3,147	3,747	3,490	3,229
Total Liabilities & Shareholders' Equity	3,201	3,727	4,287	4,610	6,950	10,875	13,223	11,826	12,031	11,121	10,783
Total Liabilities	1,216	1,284	1,440	1,633	3,775	4,404	5,301	4,666	4,912	4,694	4,684
Total Current Liabilities	948	1,004	1,024	1,253	1,736	2,067	2,383	2,166	2,422	2,283	2,246
Short-Term Debt	-	-	-	-	-	-	-	2.00	168	127	30
Accounts Payable	926	971	985	1,199	1,691	1,995	2,332	2,096	2,164	2,080	2,127
Current Deferred & Payable Income Tax Liabilities	22	33	39	54	45	72	51	68	90	76	89
Total Noncurrent Liabilities	268	280	-	380	2,039	2,337	2,918	2,500	2,490	2,411	2,438
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	227	425	390	390	389	406
Other Noncurrent Operating Liabilities	234	252	388	380	2,039	2,082	2,493	2,110	2,100	2,022	2,032
Redeemable Noncontrolling Interest	6.00	-	5.00	1.00	0.00	12	14	12	13	13	0.00
Total Equity & Noncontrolling Interests	1,979	2,443	-	2,976	3,175	6,459	7,908	7,148	7,106	6,414	6,099
Total Preferred & Common Equity	1,921	2,377	2,765	2,873	3,077	6,206	7,056	6,482	6,405	5,728	5,379
Total Common Equity	1,921	2,377	-	2,873	3,077	6,206	7,056	6,482	6,405	5,728	5,379
Common Stock	-	2,356	2,379	2,406	2,431	4,662	4,699	4,394	4,324	4,032	3,800
Retained Earnings	-	40	397	944	1,416	2,105	2,892	2,191	2,310	2,089	1,764
Treasury Stock	-	-20	-	-	-	-	-	-	0.00	-52	-28
Accumulated Other Comprehensive Income / (Loss)	130	1.00	137	-17	-49	167	268	-103	-229	-341	-157
Noncontrolling Interest	58	66	77	103	98	253	852	666	701	686	720

This table presents Yum China's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	11,696	11,963	11,675	12,070	11,295	11,568	11,801	11,002	10,983	11,034	10,837
Total Current Assets	4,710	3,714	3,687	3,923	3,155	3,281	3,317	2,750	2,992	3,015	2,319
Cash & Equivalents	1,211	1,111	1,189	1,131	883	1,043	1,193	825	592	648	473
Short-Term Investments	2,826	1,870	1,762	2,001	1,512	1,434	1,338	1,167	1,563	1,495	956
Accounts Receivable	66	59	59	62	74	74	79	81	94	86	103
Inventories, net	321	378	396	419	345	362	359	329	360	389	414
Prepaid Expenses	286	296	281	310	341	368	348	348	383	397	373
Plant, Property, & Equipment, net	1,965	2,114	2,049	2,117	2,292	2,314	2,431	2,383	2,415	2,442	2,570
Total Noncurrent Assets	5,021	6,135	5,939	6,030	5,848	5,973	6,053	5,869	5,576	5,577	5,948
Long-Term Investments	256	346	323	319	335	343	388	395	382	379	398
Goodwill	1,927	1,995	1,891	1,879	1,900	1,888	1,955	1,891	1,915	1,926	1,990
Intangible Assets	176	157	148	147	147	146	150	144	145	146	149
Noncurrent Deferred & Refundable Income Taxes	89	93	72	106	129	132	145	139	142	149	160
Other Noncurrent Operating Assets	2,573	3,544	3,505	3,579	3,337	3,464	3,415	3,300	2,992	2,977	3,251
Total Liabilities & Shareholders' Equity	11,696	11,963	11,675	12,070	11,295	11,568	11,801	11,002	10,983	11,034	10,837
Total Liabilities	4,528	4,547	4,458	4,811	4,707	5,086	5,073	4,563	4,514	4,648	4,730
Total Current Liabilities	2,104	2,100	2,152	2,472	2,263	2,678	2,578	2,190	2,157	2,284	2,304
Short-Term Debt	-	-	-	210	165	416	315	129	0.00	29	20
Accounts Payable	1,992	1,957	2,064	2,129	1,936	2,149	2,103	1,922	2,056	2,116	2,126
Current Deferred & Payable Income Tax Liabilities	112	143	88	133	162	113	160	139	101	139	158
Total Noncurrent Liabilities	2,424	2,447	2,306	2,339	2,444	2,408	2,495	2,373	2,357	2,364	2,426
Noncurrent Deferred & Payable Income Tax Liabilities	370	378	350	364	387	386	406	394	395	396	412
Other Noncurrent Operating Liabilities	2,054	2,069	1,956	1,975	2,057	2,022	2,089	1,979	1,962	1,968	2,014
Redeemable Noncontrolling Interest	13	12	12	13	13	13	13	13	13	0.00	0.00
Total Equity & Noncontrolling Interests	7,155	7,404	7,205	7,246	6,575	6,469	6,715	6,426	6,456	6,386	6,107
Total Preferred & Common Equity	6,418	6,678	6,549	6,571	5,865	5,812	6,016	5,784	5,789	5,692	5,433
Total Common Equity	6,418	6,678	6,549	6,571	5,865	5,812	6,016	5,784	5,789	5,692	5,433
Common Stock	4,412	4,395	4,400	4,386	4,163	4,107	4,057	3,986	3,956	3,891	3,756
Retained Earnings	2,228	2,374	2,465	2,526	2,078	2,048	2,156	2,124	2,110	2,050	1,788
Treasury Stock	-	-	-	-	-76	-17	-18	-8.00	-12	-10	-13
Accumulated Other Comprehensive Income / (Loss)	-222	-91	-316	-341	-300	-326	-179	-318	-265	-239	-98
Noncontrolling Interest	737	726	656	675	710	657	699	642	667	694	674

This table displays calculated financial ratios and metrics derived from Yum China's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	361,419,215.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	361,419,215.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	2.57
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	323	485	411	729	667	705	1,019	439	809	851	939
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.15%	11.12%	13.01%	15.33%
Earnings before Interest and Taxes (EBIT)	488	655	778	941	901	961	1,386	629	1,106	1,162	1,290
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	913	1,057	1,187	1,386	1,329	1,411	1,902	1,231	1,559	1,638	1,738
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,210	582	331	737	746	-17	-464	424	103	864	923
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,533	1,436	1,516	1,508	1,429	2,151	3,634	3,649	4,355	4,342	4,358
Increase / (Decrease) in Invested Capital	1,533	-97	80	-8.00	-79	722	1,483	15	706	-13	16
Book Value per Share	$5.28	$6.20	$0.00	$7.58	$8.19	$14.80	$16.48	$15.49	$15.48	$15.08	$14.88
Tangible Book Value per Share	$4.75	$5.77	$0.00	$6.57	$7.26	$12.23	$10.84	$10.36	$10.45	$9.75	$9.04
Total Capital	2,019	2,471	33	2,977	3,175	6,499	7,922	7,162	7,287	6,554	6,129
Total Debt	34	28	28	0.00	0.00	28	0.00	2.00	168	127	30
Total Long-Term Debt	34	28	28	0.00	0.00	28	0.00	0.00	0.00	0.00	0.00
Net Debt	-452	-1,007	-1,331	-1,469	-1,746	-4,320	-4,288	-3,511	-2,764	-2,085	-1,741
Capital Expenditures (CapEx)	512	417	415	470	435	419	689	679	710	705	626
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-574	-542	-486	-689	-1,134	-1,394	-1,663	-1,376	-1,423	-1,306	-1,243
Debt-free Net Working Capital (DFNWC)	-149	422	778	699	523	2,869	2,333	1,776	1,177	538	141
Net Working Capital (NWC)	-149	422	778	699	523	2,869	2,333	1,774	1,009	411	111
Net Nonoperating Expense (NNE)	-5.29	-25	-13	-6.97	-76	-108	-4.41	-39	-92	-129	-65
Net Nonoperating Obligations (NNO)	-452	-1,007	1,511	-1,469	-1,746	-4,320	-4,288	-3,511	-2,764	-2,085	-1,741
Total Depreciation and Amortization (D&A)	425	402	409	445	428	450	516	602	453	476	448
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.89	$1.36	$1.04	$1.84	$1.89	$2.01	$2.34	$1.05	$1.99	$2.34	$2.52
Adjusted Weighted Average Basic Shares Outstanding	362.90M	384.31M	386.53M	384M	377M	390M	422M	421M	416M	388M	369M
Adjusted Diluted Earnings per Share	$0.89	$1.36	$1.01	$1.79	$1.84	$1.95	$2.28	$1.04	$1.97	$2.33	$2.51
Adjusted Weighted Average Diluted Shares Outstanding	362.90M	384.31M	398.09M	395M	388M	402M	434M	425M	420M	390M	371M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$1.84	$1.89	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	362.90M	384.31M	385.75M	379.06M	375.79M	420.41M	425.59M	418.40M	400.76M	376.12M	353.10M
Normalized Net Operating Profit after Tax (NOPAT)	356	545	436	761	694	745	1,044	462	830	880	966
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Yum China's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	361,419,215.00	353,096,444.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	361,419,215.00	353,096,444.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.39	0.88
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.53%	19.40%	1.41%	0.94%	5.39%	4.09%	0.78%	4.03%	4.40%	-	9.73%
EBITDA Growth	-6.87%	27.27%	-7.71%	4.07%	13.13%	21.43%	3.46%	7.81%	4.68%	-	11.02%
EBIT Growth	2.22%	168.29%	-10.10%	3.50%	14.86%	37.27%	6.68%	14.29%	7.82%	-	12.03%
NOPAT Growth	5.65%	106.31%	-7.96%	2.92%	15.02%	30.54%	5.37%	13.56%	7.36%	-	12.95%
Net Income Growth	17.62%	84.48%	-1.92%	6.54%	19.48%	17.76%	1.95%	2.19%	-4.39%	-	5.75%
EPS Growth	18.37%	100.00%	4.41%	17.02%	32.76%	25.00%	8.45%	5.45%	-1.30%	-	12.99%
Operating Cash Flow Growth	-43.06%	65.48%	-12.82%	-3.84%	-0.24%	20.14%	2.26%	2.74%	16.63%	-	21.68%
Free Cash Flow Firm Growth	-96.63%	-2,533.93%	685.20%	116.46%	118.02%	119.65%	-61.68%	482.34%	217.93%	-	58.66%
Invested Capital Growth	39.76%	19.35%	-1.61%	3.42%	2.64%	-0.30%	3.93%	-3.58%	-5.60%	-	2.85%
Revenue Q/Q Growth	9.80%	-14.45%	18.65%	-9.43%	14.63%	-15.50%	14.87%	-6.51%	15.03%	-	15.87%
EBITDA Q/Q Growth	17.62%	-48.39%	119.20%	-21.79%	27.86%	-44.60%	86.76%	-18.50%	24.15%	-	86.76%
EBIT Q/Q Growth	25.68%	-65.94%	240.00%	-28.88%	39.47%	-59.30%	164.24%	-23.81%	31.58%	-	139.04%
NOPAT Q/Q Growth	21.38%	-64.31%	226.63%	-27.26%	35.65%	-59.50%	163.67%	-21.61%	28.25%	-	138.95%
Net Income Q/Q Growth	24.77%	-59.93%	186.92%	-25.73%	39.91%	-60.50%	148.41%	-25.56%	30.90%	-	116.34%
EPS Q/Q Growth	23.40%	-58.62%	195.83%	-22.54%	40.00%	-61.04%	156.67%	-24.68%	31.03%	-	117.50%
Operating Cash Flow Q/Q Growth	-1.68%	-66.10%	217.99%	-9.28%	2.00%	-59.17%	170.66%	-8.85%	15.78%	-	340.00%
Free Cash Flow Firm Q/Q Growth	-134.27%	31.50%	154.54%	-81.19%	156.46%	-25.34%	6.39%	185.86%	40.02%	-	71.73%
Invested Capital Q/Q Growth	1.90%	8.39%	-7.62%	1.37%	1.13%	5.29%	-3.71%	-5.96%	-0.99%	-	-1.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.45%	16.17%	22.21%	20.23%	21.82%	17.80%	23.48%	21.39%	22.68%	-	23.75%
EBITDA Margin	14.89%	8.99%	16.60%	14.33%	15.99%	10.48%	17.04%	14.85%	16.03%	-	17.24%
Operating Margin	11.08%	4.41%	12.64%	9.93%	12.08%	5.82%	13.38%	10.91%	12.48%	-	13.67%
EBIT Margin	11.08%	4.41%	12.64%	9.93%	12.08%	5.82%	13.38%	10.91%	12.48%	-	13.67%
Profit (Net Income) Margin	9.16%	4.29%	10.38%	8.51%	10.39%	4.86%	10.50%	8.36%	9.51%	-	10.12%
Tax Burden Percent	73.15%	77.54%	73.10%	74.75%	73.17%	74.12%	73.13%	74.92%	73.85%	-	73.23%
Interest Burden Percent	113.00%	125.45%	112.30%	114.66%	117.52%	112.58%	107.27%	102.30%	103.25%	-	101.12%
Effective Tax Rate	27.40%	23.91%	26.90%	25.25%	27.29%	27.65%	27.80%	25.72%	27.60%	-	27.21%
Return on Invested Capital (ROIC)	24.69%	9.21%	25.11%	20.44%	24.17%	10.94%	26.68%	23.13%	26.07%	-	28.35%
ROIC Less NNEP Spread (ROIC-NNEP)	23.83%	8.47%	23.97%	19.41%	22.48%	10.25%	25.65%	22.84%	25.46%	-	28.07%
Return on Net Nonoperating Assets (RNNOA)	-12.44%	-3.72%	-10.08%	-8.05%	-9.39%	-3.67%	-9.50%	-8.71%	-9.90%	-	-9.10%
Return on Equity (ROE)	12.25%	5.49%	15.02%	12.39%	14.77%	7.27%	17.19%	14.42%	16.17%	-	19.26%
Cash Return on Invested Capital (CROIC)	-5.94%	2.58%	20.98%	16.35%	17.68%	19.87%	17.26%	25.93%	28.53%	-	20.23%
Operating Return on Assets (OROA)	9.86%	4.06%	11.98%	9.44%	11.34%	5.68%	13.60%	11.06%	12.64%	-	15.13%
Return on Assets (ROA)	8.15%	3.95%	9.83%	8.09%	9.75%	4.74%	10.67%	8.48%	9.64%	-	11.20%
Return on Common Equity (ROCE)	11.03%	4.95%	13.46%	11.18%	13.29%	6.51%	15.37%	12.91%	14.44%	-	17.22%
Return on Equity Simple (ROE_SIMPLE)	12.97%	0.00%	15.26%	15.64%	15.97%	0.00%	17.05%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	235	84	273	199	270	109	288	226	290	136	325
NOPAT Margin	8.05%	3.36%	9.24%	7.42%	8.78%	4.21%	9.66%	8.10%	9.03%	-	9.95%
Net Nonoperating Expense Percent (NNEP)	0.86%	0.74%	1.14%	1.03%	1.69%	0.69%	1.03%	0.29%	0.60%	-	0.28%
Return On Investment Capital (ROIC_SIMPLE)	-	1.15%	-	-	-	1.67%	4.39%	3.50%	4.51%	2.22%	5.31%
Cost of Revenue to Revenue	82.12%	87.61%	81.64%	83.54%	82.09%	86.28%	80.81%	82.92%	81.85%	-	81.20%
SG&A Expenses to Revenue	6.79%	7.54%	5.71%	6.05%	5.57%	7.24%	5.60%	5.78%	5.55%	-	5.14%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Expenses to Revenue	6.79%	7.98%	5.71%	6.53%	5.83%	7.90%	5.80%	6.17%	5.68%	-	5.14%
Earnings before Interest and Taxes (EBIT)	323	110	374	266	371	151	399	304	400	187	447
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	434	224	491	384	491	272	508	414	514	302	564
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.48	2.70	2.71	2.07	2.88	3.19	3.39	2.88	2.78	-	3.17
Price to Tangible Book Value (P/TBV)	5.03	3.99	4.16	3.18	4.43	4.94	5.22	4.48	4.37	-	5.23
Price to Revenue (P/Rev)	2.16	1.57	1.44	1.09	1.55	1.62	1.73	1.46	1.37	-	1.43
Price to Earnings (P/E)	29.19	20.88	19.24	14.32	19.38	20.08	21.38	18.16	17.51	-	18.21
Dividend Yield	0.93%	1.25%	1.39%	1.88%	1.36%	1.33%	1.38%	1.79%	2.05%	-	2.07%
Earnings Yield	3.43%	4.79%	5.20%	6.99%	5.16%	4.98%	4.68%	5.51%	5.71%	-	5.49%
Enterprise Value to Invested Capital (EV/IC)	5.05	3.49	3.49	2.52	3.74	3.89	4.30	3.77	3.60	-	3.74
Enterprise Value to Revenue (EV/Rev)	1.92	1.39	1.27	0.93	1.38	1.50	1.59	1.30	1.21	-	1.33
Enterprise Value to EBITDA (EV/EBITDA)	13.44	9.76	9.24	6.71	9.69	10.32	10.86	8.80	8.21	-	8.97
Enterprise Value to EBIT (EV/EBIT)	19.58	13.76	13.19	9.59	13.75	14.55	15.15	12.11	11.19	-	12.03
Enterprise Value to NOPAT (EV/NOPAT)	21.64	18.80	17.87	13.01	18.67	19.86	20.76	16.62	15.37	-	16.47
Enterprise Value to Operating Cash Flow (EV/OCF)	14.32	10.33	9.97	7.39	11.08	11.91	12.58	10.30	9.30	-	10.29
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	147.44	16.49	15.69	21.41	19.56	25.39	14.28	12.27	-	18.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.03	0.02	0.03	0.06	0.05	0.02	0.02	0.00	0.00	-	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Financial Leverage	-0.52	-0.44	-0.42	-0.41	-0.42	-0.36	-0.37	-0.38	-0.39	-	-0.32
Leverage Ratio	1.65	1.67	1.66	1.70	1.71	1.71	1.71	1.74	1.74	-	1.74
Compound Leverage Factor	1.86	2.10	1.87	1.95	2.01	1.92	1.84	1.78	1.80	-	1.76
Debt to Total Capital	2.81%	2.31%	2.44%	6.03%	4.47%	1.94%	1.96%	0.00%	0.45%	-	0.33%
Short-Term Debt to Total Capital	2.81%	2.31%	2.44%	6.03%	4.47%	1.94%	1.96%	0.00%	0.45%	-	0.33%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	9.21%	9.80%	10.71%	9.71%	10.11%	10.67%	9.97%	10.51%	10.82%	-	11.00%
Common Equity to Total Capital	87.98%	87.90%	86.85%	84.26%	85.42%	87.40%	88.06%	89.49%	88.73%	-	88.67%
Debt to EBITDA	0.14	0.11	0.11	0.27	0.20	0.08	0.08	0.00	0.02	-	0.01
Net Debt to EBITDA	-2.14	-1.77	-1.69	-1.57	-1.64	-1.27	-1.36	0.00	-1.46	-	-1.01
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Debt to NOPAT	0.22	0.21	0.21	0.53	0.38	0.15	0.15	0.00	0.03	-	0.02
Net Debt to NOPAT	-3.45	-3.42	-3.27	-3.04	-3.15	-2.45	-2.61	0.00	-2.73	-	-1.85
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Altman Z-Score	4.25	3.42	3.46	2.76	3.43	3.71	4.06	3.71	3.55	-	3.67
Noncontrolling Interest Sharing Ratio	9.97%	9.75%	10.43%	9.77%	10.01%	10.43%	10.58%	10.42%	10.72%	-	10.59%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.59	1.42	1.39	1.23	1.29	1.18	1.26	1.39	1.32	-	1.01
Quick Ratio	1.29	1.10	1.09	0.95	1.01	0.84	0.95	1.04	0.98	-	0.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-908	-622	339	64	164	122	130	372	521	120	206
Operating Cash Flow to CapEx	245.51%	65.88%	233.86%	237.28%	247.88%	91.76%	329.93%	337.70%	378.57%	-	381.94%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.89	0.92	0.95	0.95	0.94	0.98	1.02	1.01	1.01	-	1.11
Accounts Receivable Turnover	165.20	166.33	165.70	166.08	158.88	153.78	146.14	136.12	140.23	-	131.38
Inventory Turnover	17.67	21.62	25.44	24.35	24.06	22.71	27.91	26.26	25.62	-	26.93
Fixed Asset Turnover	5.18	4.96	5.00	5.06	4.93	4.79	4.85	4.84	4.75	-	4.88
Accounts Payable Turnover	3.17	4.27	4.73	4.38	4.42	4.44	4.88	4.51	4.54	-	4.94
Days Sales Outstanding (DSO)	2.21	2.19	2.20	2.20	2.30	2.37	2.50	2.68	2.60	-	2.78
Days Inventory Outstanding (DIO)	20.65	16.88	14.35	14.99	15.17	16.07	13.08	13.90	14.25	-	13.55
Days Payable Outstanding (DPO)	115.01	85.50	77.24	83.30	82.53	82.28	74.85	80.95	80.35	-	73.84
Cash Conversion Cycle (CCC)	-92.15	-66.43	-60.69	-66.12	-65.06	-63.84	-59.27	-64.37	-63.50	-	-57.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,018	4,355	4,023	4,078	4,124	4,342	4,181	3,932	3,893	4,358	4,300
Invested Capital Turnover	3.07	2.74	2.72	2.75	2.75	2.60	2.76	2.85	2.89	-	2.85
Increase / (Decrease) in Invested Capital	1,143	706	-66	135	106	-13	158	-146	-231	16	119
Enterprise Value (EV)	20,306	15,216	14,032	10,291	15,415	16,907	17,978	14,834	14,026	-	16,091
Market Capitalization	22,859	17,266	15,874	12,025	17,307	18,293	19,581	16,691	15,825	-	17,224
Book Value per Share	$15.76	$15.48	$14.63	$14.91	$15.65	$15.08	$15.38	$15.51	$15.44	$14.88	$15.39
Tangible Book Value per Share	$10.90	$10.45	$9.53	$9.69	$10.17	$9.75	$9.97	$9.99	$9.82	$9.04	$9.33
Total Capital	7,469	7,287	6,753	6,898	7,043	6,554	6,568	6,469	6,415	6,129	6,127
Total Debt	210	168	165	416	315	127	129	0.00	29	30	20
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-3,241	-2,764	-2,565	-2,404	-2,604	-2,085	-2,258	-2,537	-2,493	-1,741	-1,807
Capital Expenditures (CapEx)	167	211	189	169	165	182	137	122	126	241	144
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,471	-1,423	-1,338	-1,458	-1,477	-1,306	-1,303	-1,320	-1,383	-1,243	-1,394
Debt-free Net Working Capital (DFNWC)	1,661	1,177	1,057	1,019	1,054	538	689	835	760	141	35
Net Working Capital (NWC)	1,451	1,009	892	603	739	411	560	835	731	111	15
Net Nonoperating Expense (NNE)	-32	-23	-34	-29	-49	-17	-25	-7.20	-15	-17	-5.64
Net Nonoperating Obligations (NNO)	-3,241	-2,764	-2,565	-2,404	-2,604	-2,085	-2,258	-2,537	-2,493	-1,741	-1,807
Total Depreciation and Amortization (D&A)	111	114	117	118	120	121	109	110	114	115	117
Debt-free, Cash-free Net Working Capital to Revenue	-13.91%	-12.96%	-12.14%	-13.20%	-13.19%	-11.55%	-11.50%	-11.54%	-11.95%	-	-11.53%
Debt-free Net Working Capital to Revenue	15.71%	10.72%	9.59%	9.23%	9.41%	4.76%	6.08%	7.30%	6.57%	-	0.29%
Net Working Capital to Revenue	13.72%	9.19%	8.10%	5.46%	6.60%	3.64%	4.94%	7.30%	6.32%	-	0.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.59	$0.24	$0.72	$0.55	$0.77	$0.30	$0.78	$0.58	$0.76	$0.40	$0.88
Adjusted Weighted Average Basic Shares Outstanding	416M	416M	401M	389M	384M	388M	376M	373M	368M	369M	353M
Adjusted Diluted Earnings per Share	$0.58	$0.24	$0.71	$0.55	$0.77	$0.30	$0.77	$0.58	$0.76	$0.40	$0.87
Adjusted Weighted Average Diluted Shares Outstanding	420M	420M	403M	391M	385M	390M	378M	374M	369M	371M	354M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	413.65M	400.76M	389.90M	384.42M	379.76M	376.12M	373.32M	368.72M	361.42M	353.10M	349.15M
Normalized Net Operating Profit after Tax (NOPAT)	235	93	274	209	276	122	292	235	292	147	325
Normalized NOPAT Margin	8.05%	3.72%	9.27%	7.79%	8.97%	4.68%	9.81%	8.42%	9.12%	-	9.95%
Pre Tax Income Margin	12.53%	5.54%	14.20%	11.38%	14.20%	6.55%	14.36%	11.16%	12.88%	-	13.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	47.89%	32.85%	34.30%	34.21%	32.99%	33.47%	35.60%	38.24%	42.17%	-	44.03%
Augmented Payout Ratio	87.21%	100.89%	171.96%	183.83%	177.63%	160.92%	110.95%	113.72%	132.65%	-	160.37%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, data-driven look at Yum China Holdings, Inc. (NYSE:YUMC) using the quarterly statements in the provided data, focusing on the last four years of quarterly performance (2022–2025). The goal is to highlight trends that retail investors might consider when evaluating the stock’s trajectory, profitability, and balance-sheet health.

Strong operating cash flow in 2025, with net cash from continuing operating activities hitting 477 million in Q3 2025, signaling robust cash generation relative to prior periods.
Profitability persisted through 2025, with positive net income attributable to common shareholders each quarter (for example, 292 million in Q1 2025 and 282 million in Q3 2025), underscoring ongoing earnings power despite quarterly variation.
Gross margins generally trended in the 20%–24% range across many quarters in 2024–2025, indicating ongoing pricing discipline and cost management, even though margins eased a bit in some holiday quarters.
Solid balance-sheet cushion: as of Q3 2025, Total Equity ($6.39B) exceeded Total Liabilities ($4.65B), suggesting a strong equity base to support operations and capital allocation.
Healthy asset base with Total Assets around $11.0B in 2025 (roughly $11.03B at Q3), showing a sizable, diversified balance sheet and room for growth initiatives or acquisitions if pursued.
Capital expenditures run at a steady pace, with quarterly purchases of property, plant & equipment typically in the mid-to-high hundreds of millions (e.g., roughly 126M–241M in 2025 Q2–Q4), indicating ongoing store expansion and efficiency investments.
Investing activity has been variable but occasionally constructive: Q4 2025 showed a positive net cash from investing activities (+311M) driven by sizeable gains from sale/maturity of investments and offset by purchases, reflecting active portfolio management.
Financing activity typically looms as a net cash outflow in 2025 quarters (for example, net cash from financing activities around -582M in Q4 2025), consistent with debt management, potential buybacks, and dividend payments as part of capital allocation.
Q4 2025 saw a drop in net income to common shareholders (140M) versus the Q3 peak of 282M, highlighting quarterly earnings volatility and seasonal pressures that may affect investor sentiment.
Q4 2025 gross margin compressed to about 19% (538M gross profit on 2.823B revenue) compared with higher mid-year margins, signaling margin pressure in the holiday quarter that could weigh on annual profitability if not offset by volume or cost control.

05/20/26 01:24 AM ETAI Generated. May Contain Errors.

Yum China Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Yum China's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Yum China's net income appears to be on an upward trend, with a most recent value of $1.00 billion in 2025, rising from $328 million in 2015. The previous period was $980 million in 2024. Find out what analysts predict for Yum China in the coming months.

Yum China's total operating income in 2025 was $1.29 billion, based on the following breakdown:

Total Gross Profit: $2.56 billion
Total Operating Expenses: $749 million

Over the last 10 years, Yum China's total revenue changed from $6.91 billion in 2015 to $11.80 billion in 2025, a change of 70.7%.

Yum China's total liabilities were at $4.68 billion at the end of 2025, a 0.2% decrease from 2024, and a 285.2% increase since 2015.

In the past 10 years, Yum China's cash and equivalents has ranged from $425 million in 2015 to $1.27 billion in 2018, and is currently $506 million as of their latest financial filing in 2025.

Over the last 10 years, Yum China's book value per share changed from 5.28 in 2015 to 14.88 in 2025, a change of 181.8%.

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Financial statements for NYSE:YUMC last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Yum China (YUMC) Financials

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Yum China (YUMC) Financials

Annual Income Statements for Yum China

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Annual Cash Flow Statements for Yum China

Quarterly Cash Flow Statements for Yum China

Annual Balance Sheets for Yum China

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Quarterly Metrics And Ratios for Yum China

Financials Breakdown Chart

Key Financial Trends

Yum China Financials - Frequently Asked Questions

When does Yum China's financial year end?

How has Yum China's net income changed over the last 10 years?

What is Yum China's operating income?

How has Yum China's revenue changed over the last 10 years?

How much debt does Yum China have?

How much cash does Yum China have?

How has Yum China's book value per share changed over the last 10 years?

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