financial statements

The full income statement, balance sheet, and cash-flow statement for Yum! Brands Inc. (YUM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	8.21B YoY+8.8%	7.55B YoY+6.7%	7.08B YoY+3.4%	6.84B YoY+3.9%	6.58B YoY+16.5%
Cost of revenue	2.48B YoY+17.1%	2.12B YoY+19.5%	1.77B YoY+1.7%	1.75B YoY+1.2%	1.73B YoY+14.5%
Selling, general & administrative	1.26B YoY+6.9%	1.18B YoY-1.0%	1.19B YoY+4.6%	1.14B YoY+7.5%	1.06B YoY-0.4%
General & administrative	1.26B YoY+6.9%	1.18B YoY-1.0%	1.19B YoY+4.6%	1.14B YoY+7.5%	1.06B YoY-0.4%
Amortization of intangibles	98.0M YoY+19.5%	82.0M YoY+10.8%	74.0M YoY+8.8%	68.0M YoY-10.5%	76.0M YoY+20.6%
Operating income	2.57B YoY+7.1%	2.40B YoY+3.7%	2.32B YoY+6.0%	2.19B YoY+2.2%	2.14B YoY+42.3%
Net interest income	-501M YoY-2.5%	-489M YoY+4.7%	-513M YoY+2.7%	-527M YoY+3.1%	-544M YoY-0.2%
Pre-tax income	2.08B YoY+9.3%	1.90B YoY+4.5%	1.82B YoY+9.4%	1.66B YoY-0.7%	1.67B YoY+64.1%
Income tax	518M YoY+25.1%	414M YoY+87.3%	221M YoY-34.4%	337M YoY+240.4%	99.0M YoY-14.7%
Net income	1.56B YoY+4.9%	1.49B YoY-7.0%	1.60B YoY+20.5%	1.32B YoY-15.9%	1.57B YoY+74.2%
	$5.55 YoY+6.3%	$5.22 YoY-6.6%	$5.59 YoY+22.3%	$4.57 YoY-12.3%	$5.21 YoY+77.2%
EPS (basic)	$5.59 YoY+5.9%	$5.28 YoY-7.0%	$5.68 YoY+22.7%	$4.63 YoY-12.6%	$5.30 YoY+77.3%
Weighted-avg shares (basic)	279M YoY-1.1%	282M YoY+0.4%	281M YoY-1.7%	286M YoY-3.7%	297M YoY-1.7%
Weighted-avg shares (diluted)	281M YoY-1.4%	285M YoY+0.0%	285M YoY-1.7%	290M YoY-4.0%	302M YoY-1.6%
Dividends per share	$2.84 YoY+6.0%	$2.68 YoY+10.7%	$2.42 YoY+6.1%	$2.28 YoY+14.0%	$2.00 YoY+6.4%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.04B YoY+9.0%	1.87B YoY+16.3%	1.61B YoY+0.0%	1.61B YoY+5.0%	1.53B YoY-9.3%
Cash & equivalents	709M YoY+15.1%	616M YoY+20.3%	512M YoY+39.5%	367M YoY-24.5%	486M YoY-33.4%
Short-term investments	0.00 YoY-100.0%	91.0M	0.00 YoY-100.0%	326M YoY+0.0%	326M YoY+0.0%
Inventory	15.0M YoY+0.0%	15.0M YoY+0.0%	15.0M YoY+0.0%	15.0M YoY+0.0%	15.0M YoY+0.0%
Prepaid expenses	490M YoY+2.1%	480M YoY+33.3%	360M YoY-39.4%	594M YoY+32.0%	450M YoY+5.9%
Other current assets	64.0M YoY+10.3%	58.0M YoY-79.2%	279M YoY+0.0%	279M YoY+0.0%	279M YoY+0.0%
	8.20B YoY+21.9%	6.73B YoY+8.0%	6.23B YoY+6.6%	5.85B YoY-2.0%	5.97B YoY+1.9%
Property, plant & equipment	1.60B YoY+23.1%	1.30B YoY+8.9%	1.20B YoY+2.2%	1.17B YoY-3.0%	1.21B YoY-2.3%
Operating lease right-of-use	1.21B YoY+37.7%	881M YoY+15.3%	764M YoY+3.0%	742M YoY-8.3%	809M YoY-4.9%
Goodwill	969M YoY+31.7%	736M YoY+14.6%	642M YoY+0.6%	638M YoY-2.9%	657M YoY+10.1%
Intangible assets	909M YoY+118.5%	416M YoY+10.3%	377M YoY+6.5%	354M YoY-1.4%	359M YoY+4.7%
Deferred tax assets	965M YoY-9.9%	1.07B YoY+2.5%	1.04B YoY+39.3%	750M YoY+3.6%	724M YoY+30.9%
Other non-current assets	1.71B YoY+28.5%	1.33B YoY-2.4%	1.36B YoY+2.8%	1.32B YoY-11.0%	1.49B YoY+3.6%
	1.52B YoY+19.5%	1.27B YoY-0.6%	1.28B YoY-23.3%	1.67B YoY+17.7%	1.42B YoY-15.5%
Accounts payable	173M YoY+0.0%	173M YoY+0.0%	173M YoY+0.0%	173M YoY+0.0%	173M YoY+0.0%
Accrued liabilities	1.43B YoY+18.3%	1.21B YoY+3.6%	1.17B YoY-6.6%	1.25B YoY-6.2%	1.33B YoY+12.2%
Short-term & current debt	39.0M YoY+34.5%	29.0M YoY-48.2%	56.0M YoY-86.2%	405M YoY+440.0%	75.0M YoY-83.8%
Current lease liability	91.0M YoY+0.0%	91.0M YoY+35.8%	67.0M YoY+0.0%	67.0M YoY+0.0%	67.0M YoY+0.0%
Other current liabilities	349M YoY+0.0%	349M YoY+0.0%	349M YoY+0.0%	349M YoY+0.0%	349M YoY+0.0%
	15.5B YoY+8.0%	14.4B YoY+2.0%	14.1B YoY-4.3%	14.7B YoY+2.7%	14.3B YoY+4.3%
Long-term debt	2.20B YoY+0.0%	2.20B YoY+0.0%	2.20B YoY+0.0%	2.20B YoY+0.0%	2.20B YoY+0.0%
Non-current lease liability	1.17B YoY+36.2%	862M YoY+13.9%	757M YoY+3.6%	731M YoY-7.8%	793M YoY-3.6%
Deferred tax liabilities	0.00	0.00	0.00	0.00	0.00
Other non-current liabilities	2.13B YoY+18.5%	1.80B YoY+7.8%	1.67B YoY+4.1%	1.60B YoY-8.1%	1.75B YoY-2.8%
	-7.33B YoY+4.2%	-7.65B YoY+2.7%	-7.86B YoY+11.5%	-8.88B YoY-6.0%	-8.37B YoY-6.1%
Common stock	0.00	0.00 YoY-100.0%	60.0M	0.00	0.00
Retained earnings	-7.01B YoY+3.3%	-7.26B YoY+4.7%	-7.62B YoY+10.5%	-8.51B YoY-5.7%	-8.05B YoY-7.6%
Accumulated other comprehensive income	-311M YoY+20.7%	-392M YoY-29.8%	-302M YoY+18.2%	-369M YoY-13.5%	-325M YoY+20.9%
Non-controlling interest	66.0M YoY+0.0%	66.0M YoY+0.0%	66.0M YoY+0.0%	66.0M YoY+0.0%	66.0M YoY+0.0%
Total equity incl. non-controlling	-7.33B YoY+4.2%	-7.65B YoY+2.7%	-7.86B YoY+11.5%	-8.88B YoY-6.0%	-8.37B YoY-6.1%
Total liabilities & equity	8.20B YoY+21.9%	6.73B YoY+8.0%	6.23B YoY+6.6%	5.85B YoY-2.0%	5.97B YoY+1.9%
Common shares issued	277M YoY-0.7%	279M YoY-0.7%	281M YoY+0.4%	280M YoY-3.1%	289M YoY-3.7%
Shares outstanding (cover)	278M YoY-0.5%	279M YoY-0.4%	280M YoY-0.5%	282M YoY-3.9%	293M YoY-2.8%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.01B YoY+19.0%	1.69B YoY+5.4%	1.60B YoY+12.3%	1.43B YoY-16.4%	1.71B YoY+30.7%
Depreciation & amortization	206M YoY+17.7%	175M YoY+14.4%	153M YoY+4.8%	146M YoY-11.0%	164M YoY+12.3%
Share-based compensation	70.0M YoY+1.4%	69.0M YoY-27.4%	95.0M YoY+13.1%	84.0M YoY+12.0%	75.0M YoY-22.7%
Deferred income taxes	107M YoY+456.7%	-30.0M YoY+89.7%	-290M YoY-427.3%	-55.0M YoY+72.5%	-200M YoY-207.7%
Other operating activities	112M YoY+47.4%	76.0M YoY-53.1%	162M YoY+170.0%	60.0M YoY-68.8%	192M YoY+170.4%
	-1.00B YoY-137.7%	-422M YoY-294.4%	-107M YoY+47.0%	-202M YoY-16.8%	-173M YoY+48.4%
Capital expenditure	371M YoY+44.4%	257M YoY-9.8%	285M YoY+2.2%	279M YoY+21.3%	230M YoY+43.8%
Acquisitions	—	—	—	0.00	0.00 YoY-100.0%
Other investing activities	19.0M YoY+0.0%	19.0M YoY+533.3%	3.00M YoY+175.0%	-4.00M YoY-114.3%	28.0M YoY+450.0%
	-924M YoY+20.6%	-1.16B YoY+18.6%	-1.43B YoY-8.0%	-1.32B YoY+25.1%	-1.77B YoY-139.4%
Long-term debt issued	1.49B YoY+530.0%	237M	0.00 YoY-100.0%	999M YoY-75.9%	4.15B YoY+151.5%
Long-term debt repaid	966M YoY+101.7%	479M YoY+20.7%	397M YoY-43.2%	699M YoY-80.9%	3.66B YoY+141.1%
Common stock repurchased	552M YoY+25.2%	441M YoY+782.0%	50.0M YoY-95.8%	1.20B YoY-24.6%	1.59B YoY+565.7%
Dividends paid	789M YoY+4.9%	752M YoY+10.9%	678M YoY+4.5%	649M YoY+9.6%	592M YoY+4.6%
Other financing activities	-63.0M YoY+13.7%	-73.0M YoY-192.0%	-25.0M YoY+52.8%	-53.0M YoY-32.5%	-40.0M YoY+2.4%
FX effect on cash	32.0M YoY+252.4%	-21.0M YoY-310.0%	10.0M YoY+138.5%	-26.0M YoY-36.8%	-19.0M YoY-179.2%
Net change in cash	116M YoY+39.8%	83.0M YoY+7.8%	77.0M YoY+162.1%	-124M YoY+51.0%	-253M YoY-198.8%
Interest paid	516M YoY+1.2%	510M YoY-3.0%	526M YoY+8.2%	486M YoY+3.2%	471M YoY-1.9%
Income taxes paid	405M YoY-18.0%	494M YoY+14.4%	432M YoY+16.4%	371M YoY+20.5%	308M YoY-6.1%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	42.0B YoY+12.2%	37.4B YoY+2.2%	36.6B YoY+1.5%	36.1B YoY-11.4%	40.7B YoY+24.3%
P/E	26.9× YoY+6.9%	25.2× YoY+3.6%	24.3× YoY-14.3%	28.4× YoY+9.8%	25.8× YoY-28.7%
P/S	5.1× YoY+3.1%	5.0× YoY-4.4%	5.2× YoY-4.5%	5.4× YoY-12.2%	6.2× YoY+6.7%
P/FCF	25.6× YoY-2.0%	26.1× YoY-6.7%	28.0× YoY-12.5%	32.0× YoY+16.0%	27.6× YoY-3.6%
Earnings yield	3.7% YoY-6.5%	4.0% YoY-3.4%	4.1% YoY+16.7%	3.5% YoY-8.9%	3.9% YoY+40.2%
FCF yield	3.9% YoY+2.0%	3.8% YoY+7.1%	3.6% YoY+14.2%	3.1% YoY-13.8%	3.6% YoY+3.7%
Dividend yield	1.9% YoY-6.0%	2.0% YoY+7.9%	1.9% YoY+4.0%	1.8% YoY+23.6%	1.4% YoY-16.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: YUM's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all YUM filings on SEC EDGAR → Not investment advice.

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About this data

financial statements