YUM BRANDS INC
Business
Yum! Brands operates a global restaurant franchise system across four brands: KFC, Taco Bell, Pizza Hut, and Habit Burger & Grill, with the vast majority of units franchised. The company develops, operates, and franchises quick-service restaurants and non-traditional units offering fried chicken, Mexican-inspired food, pizza, and chargrilled burgers. KFC, Taco Bell, and Pizza Hut operate across multiple countries globally; Habit operates in a limited geographic footprint. Yum! generates recurring royalties and fees from franchisees, operates Company-owned restaurants, and provides proprietary technology platforms including Byte by Yum!, a SaaS and AI-driven system for restaurant operations.
Summary from 10-K filed 2026-02-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenues | 8,214 | 7,549 | 7,076 | 6,842 | 6,584 | |
| Company restaurant expenses | 2,483 | 2,120 | 1,774 | 1,745 | 1,725 | |
| General and administrative expenses | 1,262 | 1,181 | 1,193 | 1,140 | 1,060 | |
| Franchise and property expenses | 140 | 134 | 123 | 123 | 117 | |
| Franchise advertising and other services expense | 1,799 | 1,711 | 1,683 | 1,667 | 1,576 | |
| Refranchising (gain) loss | −48 | −34 | −29 | −27 | −35 | |
| Other (income) expense | 2 | 34 | 14 | 7 | 2 | |
| Costs and Expenses, Total | 5,639 | 5,146 | 4,758 | 4,655 | 4,445 | |
| Operating Profit | 2,574 | 2,403 | 2,318 | 2,187 | 2,139 | |
| Investment (income) expense, net | −1 | 21 | −7 | −11 | −86 | |
| Other Pension (income) expense | −2 | −7 | −6 | 9 | 7 | |
| Interest Income (Expense), Operating | 501 | 489 | 513 | 527 | 544 | |
| Income (Loss) Attributable to Parent, before Tax, Total | 2,077 | 1,900 | 1,818 | 1,662 | 1,674 | |
| Income tax provision | 518 | 414 | 221 | 337 | 99 | |
| Net Income | 1,559 | 1,486 | 1,597 | 1,325 | 1,575 | |
| Basic Earnings Per Common Share (in dollars per share) | 5.59 | 5.28 | 5.68 | 4.63 | 5.3 | |
| Diluted Earnings Per Common Share (in dollars per share) | 5.55 | 5.22 | 5.59 | 4.57 | 5.21 | |
| Dividends Declared Per Common Share (in dollars per share) | 2.84 | 2.68 | 2.42 | 2.28 | 2 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 709 | 616 | 512 | 367 | 486 | |
| Accounts and notes receivable, net | 841 | 775 | 737 | 648 | 596 | |
| Prepaid Expense and Other Assets, Current | 490 | 480 | 360 | 594 | 450 | |
| Total Current Assets | 2,040 | 1,871 | 1,609 | 1,609 | 1,532 | |
| Property, Plant and equipment, net | 1,605 | 1,304 | 1,197 | 1,171 | 1,207 | |
| Goodwill | 969 | 736 | 642 | 638 | 657 | |
| Intangible assets, net | 909 | 416 | 377 | 354 | 359 | |
| Other assets | 1,708 | 1,329 | 1,361 | 1,324 | 1,487 | |
| Deferred Income Taxes | 965 | 1,071 | 1,045 | 750 | 724 | |
| Total Assets | 8,197 | 6,727 | 6,231 | 5,846 | 5,966 | |
| Accounts payable and other current liabilities | 1,433 | 1,211 | 1,169 | 1,251 | 1,334 | |
| Income taxes payable | 46 | 31 | 55 | 16 | 13 | |
| Debt, Current | 38 | 27 | 53 | 398 | 68 | |
| Total Current Liabilities | 1,516 | 1,269 | 1,277 | 1,665 | 1,415 | |
| Long-term debt | 11,872 | 11,306 | 11,142 | 11,453 | 11,178 | |
| Other Liabilities, Noncurrent | 2,133 | 1,800 | 1,670 | 1,604 | 1,746 | |
| Total Liabilities | 15,521 | 14,375 | 14,089 | 14,722 | 14,339 | |
| Common stock, no par value, 750 shares authorized; 280 shares and 289 shares issued in 2022 and 2021, respectively | 0 | 0 | 60 | 0 | 0 | |
| Accumulated Deficit | −7,014 | −7,256 | −7,616 | −8,507 | −8,048 | |
| Accumulated other comprehensive income (loss) | −311 | −392 | −302 | −369 | −325 | |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Total | −7,325 | −7,648 | −7,858 | −8,876 | −8,373 | |
| Total Liabilities, Redeemable Noncontrolling Interest and Shareholders' Equity | 8,197 | 6,727 | 6,231 | 5,846 | 5,966 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 206 | 175 | 153 | 146 | 164 | |
| Impairment and closure expense | 22 | 12 | 13 | 10 | 19 | |
| Deferred income taxes | 107 | −30 | −290 | −55 | −200 | |
| Share-based compensation expense | 70 | 69 | 95 | 84 | 75 | |
| Changes in Accounts and Notes Receivable | −45 | −53 | −89 | −84 | −46 | |
| Changes in Prepaid Expense and Other Assets | −18 | −12 | −15 | 1 | −33 | |
| Changes in accounts payable and other current liabilities | 94 | 8 | −30 | −39 | 122 | |
| Changes in income taxes payable | −48 | −29 | 43 | 17 | −41 | |
| Other, net | 112 | 76 | 162 | 60 | 192 | |
| Net Cash Provided by Operating Activities | 2,010 | 1,689 | 1,603 | 1,427 | 1,706 | |
| Capital spending | −371 | −257 | −285 | −279 | −230 | |
| Proceeds from Sale of Long-Term Investments | 0 | 104 | 0 | 0 | — | |
| Payments for (Proceeds from) Investments | 0 | 0 | 121 | 0 | 0 | |
| Business Acquisitions, Purchase Price Allocation, Year of Acquisition, Net Effect on Income | −782 | — | — | — | — | |
| Proceeds from refranchising of restaurants | 78 | 49 | 60 | 73 | 85 | |
| Payments to Acquire Short-Term Investments | 91 | 91 | 0 | 0 | — | |
| Other, net | −19 | −19 | −3 | 4 | −28 | |
| Net Cash Provided by (Used in) Investing Activities | −1,003 | −422 | −107 | −202 | −173 | |
| Proceeds from long-term debt | 1,493 | 237 | 0 | 999 | 4,150 | |
| Repayments of long-term debt | −966 | −479 | −397 | −699 | −3,657 | |
| Revolving credit facilities, three months or less, net | −50 | 345 | −279 | 279 | 0 | |
| More than three months - proceeds | 89 | 0 | 0 | 0 | 0 | |
| Repurchase shares of Common Stock | −552 | −441 | −50 | −1,200 | −1,591 | |
| Dividends paid on Common Stock | −789 | −752 | −678 | −649 | −592 | |
| Other, net | −63 | −73 | −25 | −53 | −40 | |
| Net Cash Used in Financing Activities | −924 | −1,163 | −1,429 | −1,323 | −1,767 | |
| Three months or less, net | 0 | 0 | 0 | 0 | 0 | |
| Repayments of Short-Term Debt, Maturing in More than Three Months | −86 | 0 | 0 | 0 | 0 | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | 116 | 83 | 77 | −124 | −253 | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations | 32 | −21 | 10 | −26 | −19 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is YUM BRANDS INC's CIK number?
YUM BRANDS INC's SEC CIK number is 0001041061 (1041061). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find YUM BRANDS INC's SEC filings?
All of YUM BRANDS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did YUM BRANDS INC last report earnings?
YUM BRANDS INC (YUM) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001041061-26-000108). This is YUM BRANDS INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is YUM BRANDS INC's most recent earnings 8-K?
YUM BRANDS INC's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001041061-26-000108. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View YUM BRANDS INC's latest earnings 8-K →
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