Yum China Holdings Inc. (YUMC) financial statements: income statement, balance sheet and cash flow
Yum China Holdings Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Yum China Holdings Inc. reported revenue of $11.8B (+4.4% year on year) and net income of $929.0M (+2.0% year on year).
Income statement
Yum China Holdings Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$11.8B
$11.3B
$11.0B
$9.6B
Total revenues
$11.8B
$11.3B
$11.0B
$9.6B
Food and paper
$3.5B
$3.4B
$3.2B
$2.8B
Payroll and employee benefits
$3.0B
$2.8B
$2.7B
$2.4B
Occupancy and other operating expenses
$2.8B
$2.8B
$2.8B
$2.6B
Cost of goods and services sold
$9.8B
$9.4B
$9.1B
$8.1B
General and administrative expenses
$581.0M
$568.0M
$638.0M
$594.0M
Other operating costs and expenses
$132.0M
$122.0M
$112.0M
$78.0M
Closures and impairment expenses, net
$37.0M
$39.0M
$29.0M
$32.0M
Other income, net
($1.0M)
($1.0M)
—
$94.0M
Total costs and expenses, net
$10.5B
$10.1B
$9.9B
$8.9B
Operating Profit
$1.3B
$1.2B
$1.1B
$629.0M
Interest income, net
$92.0M
$129.0M
$169.0M
$84.0M
Investment (loss) gain
($24.0M)
$40.0M
($49.0M)
($26.0M)
Income Before Income Taxes and Equity in Net Earnings (Losses) from Equity Method Investments
$1.4B
$1.3B
$1.2B
$687.0M
Income tax provision
($369.0M)
($356.0M)
($329.0M)
($207.0M)
Equity in net earnings (losses) from equity method investments
$15.0M
$5.0M
$4.0M
($2.0M)
Net income – including noncontrolling interests
$1.0B
$980.0M
$901.0M
$478.0M
Net income – noncontrolling interests
$75.0M
$69.0M
$74.0M
$36.0M
Net Income – Yum China Holdings, Inc.
$929.0M
$911.0M
$827.0M
$442.0M
Basic
369.0M
388.0M
416.0M
421.0M
Diluted
371.0M
390.0M
420.0M
425.0M
Basic Earnings Per Common Share
$2.52
$2.34
$1.99
$1.05
Diluted Earnings Per Common Share
$2.51
$2.33
$1.97
$1.04
Yum China Holdings Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenues
$3.1B
$3.3B
$3.2B
$2.8B
Total revenues
$3.1B
$3.3B
$3.2B
$2.8B
Food and paper
$918.0M
$963.0M
$939.0M
$810.0M
Payroll and employee benefits
$804.0M
$813.0M
$785.0M
$712.0M
Occupancy and other operating expenses
$719.0M
$718.0M
$755.0M
$669.0M
Cost of goods and services sold
$2.6B
$2.7B
$2.6B
$2.3B
General and administrative expenses
$139.0M
$137.0M
$143.0M
$131.0M
Other operating costs and expenses
$38.0M
$31.0M
$35.0M
$30.0M
Closures and impairment expenses, net
$12.0M
$0
$4.0M
$12.0M
Total costs and expenses, net
$2.8B
$2.8B
$2.8B
$2.5B
Operating Profit
$348.0M
$447.0M
$400.0M
$304.0M
Interest income, net
$12.0M
$16.0M
$23.0M
$25.0M
Investment loss
($6.0M)
($11.0M)
($10.0M)
($18.0M)
Income Before Income Taxes and Equity in Net Earnings (Losses) from Equity Method Investments
$354.0M
$452.0M
$413.0M
$311.0M
Income tax provision
($92.0M)
($123.0M)
($114.0M)
($80.0M)
Equity in net earnings (losses) from equity method investments
$2.0M
$2.0M
$6.0M
$2.0M
Net income – including noncontrolling interests
$264.0M
$331.0M
$305.0M
$233.0M
Net income – noncontrolling interests
$20.0M
$22.0M
$23.0M
$18.0M
Net Income – Yum China Holdings, Inc.
$244.0M
$309.0M
$282.0M
$215.0M
Basic
348.0M
353.0M
368.0M
373.0M
Diluted
349.0M
354.0M
369.0M
374.0M
Basic Earnings Per Common Share
$0.70
$0.88
$0.76
$0.58
Diluted Earnings Per Common Share
$0.70
$0.87
$0.76
$0.58
Balance sheet
Yum China Holdings Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$506.0M
$723.0M
$1.1B
$1.1B
Short-term investments
$878.0M
$1.1B
$1.5B
$2.0B
Accounts receivable, net
$95.0M
$79.0M
$68.0M
$64.0M
Inventories, net
$438.0M
$405.0M
$424.0M
$417.0M
Prepaid expenses and other current assets
$440.0M
$366.0M
$339.0M
$307.0M
Total Current Assets
$2.4B
$2.7B
$3.4B
$3.9B
Property, plant and equipment, net
$2.5B
$2.4B
$2.3B
$2.1B
Operating lease right-of-use assets
$2.2B
$2.1B
$2.2B
$2.2B
Goodwill
$2.0B
$1.9B
$1.9B
$2.0B
Intangible assets, net
$148.0M
$144.0M
$150.0M
$159.0M
Long-term bank deposits and notes
$678.0M
$1.1B
$1.3B
—
Equity investments
$387.0M
$368.0M
$332.0M
—
Deferred income tax assets
$156.0M
$138.0M
$129.0M
$113.0M
Other assets
$362.0M
$256.0M
$265.0M
$343.0M
Total Assets
$10.8B
$11.1B
$12.0B
$11.8B
Accounts payable and other current liabilities
$2.1B
$2.1B
$2.2B
$2.1B
Short-term borrowings
$30.0M
$127.0M
$168.0M
—
Income taxes payable
$89.0M
$76.0M
$90.0M
$68.0M
Total Current Liabilities
$2.2B
$2.3B
$2.4B
$2.2B
Non-current operating lease liabilities
$1.8B
$1.8B
$1.9B
$1.9B
Non-current finance lease liabilities
$51.0M
$49.0M
$44.0M
$42.0M
Deferred income tax liabilities
$406.0M
$389.0M
$390.0M
$390.0M
Other liabilities
$158.0M
$157.0M
$157.0M
$162.0M
Total Liabilities
$4.7B
$4.7B
$4.9B
$4.7B
Redeemable Noncontrolling Interest
$0
$13.0M
$13.0M
$12.0M
Common stock, $0.01 par value; 1,000 million shares authorized; 355 million shares and 379 million shares issued at December 31, 2025 and 2024, respectively; 354 million shares and 378 million shares outstanding at December 31, 2025 and 2024, respectively.
4.0M
4.0M
4.0M
4.0M
Treasury stock
($28.0M)
($52.0M)
—
—
Additional paid-in capital
$3.8B
$4.0B
$4.3B
$4.4B
Retained earnings
$1.8B
$2.1B
$2.3B
$2.2B
Accumulated other comprehensive loss
($157.0M)
($341.0M)
($229.0M)
($103.0M)
Total Yum China Holdings, Inc. Stockholders' Equity
$5.4B
$5.7B
$6.4B
$6.5B
Noncontrolling interests
$720.0M
$686.0M
$701.0M
$666.0M
Total Equity
$6.1B
$6.4B
$7.1B
$7.1B
Total Liabilities, Redeemable Noncontrolling Interest and Equity
$10.8B
$11.1B
$12.0B
$11.8B
Yum China Holdings Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$485.0M
$473.0M
$648.0M
$592.0M
Short-term investments
$901.0M
$956.0M
$1.5B
$1.6B
Accounts receivable, net
$115.0M
$103.0M
$86.0M
$94.0M
Inventories, net
$459.0M
$414.0M
$389.0M
$360.0M
Prepaid expenses and other current assets
$390.0M
$373.0M
$397.0M
$383.0M
Total Current Assets
$2.4B
$2.3B
$3.0B
$3.0B
Property, plant and equipment, net
$2.6B
$2.6B
$2.4B
$2.4B
Operating lease right-of-use assets
$2.1B
$2.2B
$2.1B
$2.1B
Goodwill
$2.0B
$2.0B
$1.9B
$1.9B
Intangible assets, net
$151.0M
$149.0M
$146.0M
$145.0M
Long-term bank deposits and notes
$688.0M
$707.0M
$596.0M
$626.0M
Equity investments
$382.0M
$398.0M
$379.0M
$382.0M
Deferred income tax assets
$168.0M
$160.0M
$149.0M
$142.0M
Other assets
$374.0M
$369.0M
$268.0M
$263.0M
Total Assets
$10.9B
$10.8B
$11.0B
$11.0B
Accounts payable and other current liabilities
$2.3B
$2.1B
$2.1B
$2.1B
Short-term borrowings
$66.0M
$20.0M
$29.0M
$0
Income taxes payable
$107.0M
$158.0M
$139.0M
$101.0M
Total Current Liabilities
$2.4B
$2.3B
$2.3B
$2.2B
Non-current operating lease liabilities
$1.7B
$1.8B
$1.8B
$1.8B
Non-current finance lease liabilities
$50.0M
$50.0M
$49.0M
$48.0M
Deferred income tax liabilities
$418.0M
$412.0M
$396.0M
$395.0M
Other liabilities
$159.0M
$162.0M
$156.0M
$154.0M
Total Liabilities
$4.8B
$4.7B
$4.6B
$4.5B
Redeemable Noncontrolling Interest
$0
$0
$0
$13.0M
Common stock, $0.01 par value; 1,000 million shares authorized; 345 million shares and 355 million shares issued at June 30, 2026 and December 31, 2025, respectively; 345 million shares and 354 million shares outstanding at June 30, 2026 and December 31, 2025, respectively.
3.0M
4.0M
4.0M
4.0M
Treasury stock
($13.0M)
($13.0M)
($10.0M)
($12.0M)
Additional paid-in capital
$3.7B
$3.8B
$3.9B
$4.0B
Retained earnings
$1.7B
$1.8B
$2.0B
$2.1B
Accumulated other comprehensive loss
($25.0M)
($98.0M)
($239.0M)
($265.0M)
Total Yum China Holdings, Inc. Stockholders' Equity
$5.4B
$5.4B
$5.7B
$5.8B
Noncontrolling interests
$704.0M
$674.0M
$694.0M
$667.0M
Total Equity
$6.1B
$6.1B
$6.4B
$6.5B
Total Liabilities, Redeemable Noncontrolling Interest and Equity
$10.9B
$10.8B
$11.0B
$11.0B
Cash flow statement
Yum China Holdings Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income - including noncontrolling interests
$1.0B
$980.0M
$901.0M
$478.0M
Depreciation and amortization
$448.0M
$476.0M
$453.0M
$602.0M
Non-cash operating lease cost
$401.0M
$408.0M
$404.0M
$435.0M
Closures and impairment expenses
$37.0M
$39.0M
$29.0M
$32.0M
Investment loss (gain)
$24.0M
($40.0M)
$49.0M
$26.0M
Equity in net (earnings) losses from equity method investments
($15.0M)
($5.0M)
($4.0M)
—
Distributions of income received from equity method investments
$16.0M
$11.0M
$11.0M
$7.0M
Deferred income taxes
($14.0M)
($7.0M)
($10.0M)
($20.0M)
Share-based compensation expense
$42.0M
$41.0M
$64.0M
$42.0M
Changes in accounts receivable
($11.0M)
($9.0M)
($6.0M)
($1.0M)
Changes in inventories
($14.0M)
$8.0M
($19.0M)
($19.0M)
Changes in prepaid expenses, other current assets and value-added tax assets
($51.0M)
($27.0M)
($35.0M)
$207.0M
Changes in accounts payable and other current liabilities
($33.0M)
($3.0M)
$84.0M
$16.0M
Changes in income taxes payable
$9.0M
($12.0M)
$25.0M
$25.0M
Changes in non-current operating lease liabilities
($411.0M)
($411.0M)
($407.0M)
($396.0M)
Other, net
$34.0M
($30.0M)
($66.0M)
($21.0M)
Net Cash Provided by Operating Activities
$1.5B
$1.4B
$1.5B
$1.4B
Capital spending
($626.0M)
($705.0M)
($710.0M)
($679.0M)
Purchases of short-term investments, long-term bank deposits and notes
($7.6B)
($4.7B)
($3.5B)
—
Maturities of short-term investments, long-term bank deposits and notes
$8.2B
$5.3B
$3.5B
—
Acquisitions of equity investments
($14.0M)
—
($20.0M)
—
Other, net
$2.0M
$4.0M
$5.0M
$4.0M
Net Cash Used in Investing Activities
($5.0M)
($178.0M)
($743.0M)
($522.0M)
Proceeds from short-term borrowings
$29.0M
$307.0M
$264.0M
—
Repayment of short-term borrowings
($129.0M)
($346.0M)
($100.0M)
—
Repurchase of shares of common stock
-1.1B
-1.2B
-613.0M
-466.0M
Cash dividends paid on common stock
($353.0M)
($248.0M)
($216.0M)
($202.0M)
Dividends paid to noncontrolling interests
($75.0M)
($80.0M)
($77.0M)
($72.0M)
Acquisitions of noncontrolling interests
($8.0M)
—
—
($113.0M)
Contributions from noncontrolling interests
$0
—
$35.0M
$18.0M
Payment of acquisition related holdback
$0
—
($3.0M)
($7.0M)
Other, net
($9.0M)
($20.0M)
($6.0M)
($2.0M)
Net Cash Used in Financing Activities
($1.7B)
($1.6B)
($716.0M)
($844.0M)
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash
$11.0M
($10.0M)
($16.0M)
($53.0M)
Net Decrease in Cash, Cash Equivalents and Restricted Cash
($217.0M)
($405.0M)
($2.0M)
($6.0M)
Cash, Cash Equivalents and Restricted Cash - Beginning of Year
$723.0M
$1.1B
$1.1B
$1.1B
Cash, Cash Equivalents and Restricted Cash - End of Year
$506.0M
$723.0M
$1.1B
$1.1B
Cash paid for income tax
$370.0M
$393.0M
$324.0M
$204.0M
Capital expenditures included in accounts payable and other current liabilities
$166.0M
$192.0M
$226.0M
$181.0M
Yum China Holdings Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income - including noncontrolling interests
$595.0M
$331.0M
$851.0M
$546.0M
Depreciation and amortization
$237.0M
$117.0M
$333.0M
$219.0M
Non-cash operating lease cost
$211.0M
$106.0M
$299.0M
$199.0M
Closures and impairment expenses
$12.0M
$0
$22.0M
$18.0M
Investment loss
$17.0M
$11.0M
$25.0M
$15.0M
Equity in net (earnings) losses from equity method investments
($4.0M)
($2.0M)
($12.0M)
($6.0M)
Distributions of income received from equity method investments
$8.0M
$3.0M
$9.0M
$9.0M
Deferred income taxes
($9.0M)
($3.0M)
($10.0M)
($3.0M)
Share-based compensation expense
$23.0M
$10.0M
$32.0M
$22.0M
Changes in accounts receivable
($17.0M)
($7.0M)
($5.0M)
($13.0M)
Changes in inventories
($8.0M)
$30.0M
$25.0M
$52.0M
Changes in prepaid expenses, other current assets and value-added tax assets
$72.0M
$68.0M
($19.0M)
($8.0M)
Changes in accounts payable and other current liabilities
$39.0M
($68.0M)
($9.0M)
($53.0M)
Changes in income taxes payable
$15.0M
$68.0M
$61.0M
$24.0M
Changes in non-current operating lease liabilities
($187.0M)
($102.0M)
($301.0M)
($200.0M)
Other, net
($28.0M)
($12.0M)
$40.0M
$43.0M
Net Cash Provided by Operating Activities
$976.0M
$550.0M
$1.3B
$864.0M
Capital spending
($271.0M)
($144.0M)
($385.0M)
($259.0M)
Purchases of short-term investments, long-term bank deposits and notes
($3.8B)
($1.9B)
($6.2B)
($3.9B)
Maturities of short-term investments, long-term bank deposits and notes
$3.8B
$1.8B
$6.2B
$3.9B
Acquisition of equity investment
$0
$0
($14.0M)
($14.0M)
Other, net
$2.0M
$1.0M
—
$2.0M
Net Cash Used in Investing Activities
($265.0M)
($233.0M)
($316.0M)
($290.0M)
Proceeds from short-term borrowings
$65.0M
$20.0M
$29.0M
—
Repayment of short-term borrowings
($30.0M)
($30.0M)
($129.0M)
($129.0M)
Repurchase of shares of common stock
-530.0M
-218.0M
-692.0M
-368.0M
Cash dividends paid on common stock
($203.0M)
($102.0M)
($268.0M)
($180.0M)
Dividends paid to noncontrolling interests
($32.0M)
($15.0M)
($31.0M)
($25.0M)
Other, net
($9.0M)
($8.0M)
($8.0M)
($7.0M)
Net Cash Used in Financing Activities
($739.0M)
($353.0M)
($1.1B)
($709.0M)
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash
$7.0M
$3.0M
$7.0M
$4.0M
Net Decrease in Cash, Cash Equivalents and Restricted Cash
($21.0M)
($33.0M)
($75.0M)
($131.0M)
Cash, Cash Equivalents, and Restricted Cash - Beginning of Period
$506.0M
$506.0M
$723.0M
$723.0M
Cash, Cash Equivalents, and Restricted Cash - End of Period
$485.0M
$473.0M
$648.0M
$592.0M
Cash paid for income tax
$212.0M
$53.0M
$266.0M
$183.0M
Capital expenditures included in accounts payable and other current liabilities