Yum! Brands Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	8,061	7,549	7,076	6,842	6,584	5,652
Revenue Growth (YoY)	11.60%	6.69%	3.42%	3.92%	16.49%	0.98%
Cost of Revenue	4,339	3,965	3,579	3,529	3,419	2,965
Gross Profit	3,722	3,584	3,497	3,313	3,165	2,687
Selling, General & Admin	1,136	1,090	1,159	1,130	1,052	1,040
Other Operating Expenses	-39	-45	-30	47	-51	-50
Operating Expenses	1,097	1,045	1,129	1,177	1,001	990
Operating Income	2,625	2,539	2,368	2,136	2,164	1,697
Interest Expense	-552	-542	-602	-558	-551	-558
Interest & Investment Income	54	53	96	70	127	123
Currency Exchange Gain (Loss)	1	-6	-5	9	-8	-6
EBT Excluding Unusual Items	2,129	2,044	1,857	1,657	1,732	1,256
Merger & Restructuring Charges	-58	-79	-21	-11	-8	-38
Impairment of Goodwill	-	-	-	-	-	-144
Gain (Loss) on Sale of Investments	-	-21	-	-	-	-
Asset Writedown	-1	-	-	-	-	-12
Other Unusual Items	-72	-44	-18	16	-50	-42
Pretax Income	1,998	1,900	1,818	1,662	1,674	1,020
Income Tax Expense	551	414	221	337	99	116
Earnings From Continuing Operations	1,447	1,486	1,597	1,325	1,575	904
Net Income	1,447	1,486	1,597	1,325	1,575	904
Net Income to Common	1,447	1,486	1,597	1,325	1,575	904
Net Income Growth	-5.18%	-6.95%	20.53%	-15.87%	74.23%	-30.14%
Shares Outstanding (Basic)	280	282	281	286	297	302
Shares Outstanding (Diluted)	282	285	285	290	302	307
Shares Change (YoY)	-0.79%	-	-1.72%	-3.97%	-1.63%	-1.92%
EPS (Basic)	5.17	5.27	5.68	4.63	5.30	2.99
EPS (Diluted)	5.13	5.22	5.59	4.57	5.21	2.94
EPS Growth	-4.06%	-6.62%	22.32%	-12.28%	77.21%	-28.99%
Free Cash Flow	1,564	1,432	1,318	1,148	1,476	1,145
Free Cash Flow Per Share	5.55	5.03	4.63	3.96	4.89	3.73
Dividend Per Share	2.840	2.720	2.485	2.315	2.070	1.910
Dividend Growth	5.97%	9.46%	7.34%	11.84%	8.38%	10.41%
Gross Margin	46.17%	47.48%	49.42%	48.42%	48.07%	47.54%
Operating Margin	32.56%	33.63%	33.47%	31.22%	32.87%	30.03%
Profit Margin	17.95%	19.68%	22.57%	19.37%	23.92%	15.99%
Free Cash Flow Margin	19.40%	18.97%	18.63%	16.78%	22.42%	20.26%
EBITDA	2,819	2,714	2,521	2,282	2,328	1,843
EBITDA Margin	34.97%	35.95%	35.63%	33.35%	35.36%	32.61%
D&A For EBITDA	194	175	153	146	164	146
EBIT	2,625	2,539	2,368	2,136	2,164	1,697
EBIT Margin	32.56%	33.63%	33.47%	31.22%	32.87%	30.03%
Effective Tax Rate	27.58%	21.79%	12.16%	20.28%	5.91%	11.37%
Revenue as Reported	8,061	7,549	7,076	6,842	6,584	5,652
Advertising Expenses	-	124	94	86	95	78

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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