YUM BRANDS INC Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | ||||||||||||||||||
| Net Income | $ | 1,559 | $ | 1,486 | $ | 1,597 | ||||||||||||||
| Weighted-average common shares outstanding (for basic calculation) | 279 | 282 | 281 | |||||||||||||||||
| Effect of dilutive share-based employee compensation | 2 | 3 | 4 | |||||||||||||||||
| Weighted-average common and dilutive potential common shares outstanding (for diluted calculation) | 281 | 285 | 285 | |||||||||||||||||
| Basic EPS | $ | 5.59 | $ | 5.28 | $ | 5.68 | ||||||||||||||
| Diluted EPS | $ | 5.55 | $ | 5.22 | $ | 5.59 | ||||||||||||||
Unexercised employee SARs, RSUs, PSUs and stock options (in millions) excluded from the diluted EPS computation(a) | 1.3 | 1.7 | 1.7 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 20, 2024 | |
| 2022 | Feb 27, 2023 | |
| 2021 | Feb 23, 2022 | |
| 2020 | Feb 22, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Feb 21, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 22, 2017 | |
| 2015 | Feb 16, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.