YUMC
$39.98-2.39%
as of close, Oct 2, 2026
☾ AH $39.98 -2.39%
YUMC financial statements
The full income statement, balance sheet, and cash-flow statement for Yum China Holdings Inc. (YUMC), 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.
Shares outstanding (point-in-time)
2024-06 384.4M2024-09 379.8M2024-12 376.1M2025-03 373.3M2025-06 368.7M2025-09 361.4M2025-12 353.1M2026-03 349.1M2026-06 342.5M-10.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | 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 | 11.8B+4.4% | 11.3B+3.0% | 11.0B+14.7% | 9.57B-2.9% | 9.85B+19.2% | |
| Research & development | 8.00M+33.3% | 6.00M+0.0% | 6.00M+0.0% | 6.00M+0.0% | 6.00M+100.0% | |
| Selling, general & administrative | 581M+2.3% | 568M-11.0% | 638M+7.4% | 594M+5.3% | 564M+17.7% | |
| General & administrative | 581M+2.3% | 568M-11.0% | 638M+7.4% | 594M+5.3% | 564M+17.7% | |
| Amortization of intangibles | 2.00M+0.0% | 2.00M-50.0% | 4.00M-96.0% | 99.0M+120.0% | 45.0M+87.5% | |
| Operating income | 1.29B+11.0% | 1.16B+5.1% | 1.11B+75.8% | 629M-54.6% | 1.39B+44.2% | |
| Net interest income | 92.0M-28.7% | 129M-23.7% | 169M+101.2% | 84.0M+40.0% | 60.0M+39.5% | |
| Equity-method income | 15.0M+200.0% | 5.00M+25.0% | 4.00M+300.0% | -2.00M-104.5% | 44.0M-29.0% | |
| Pre-tax income | 1.36B+2.0% | 1.33B+8.6% | 1.23B+78.5% | 687M-50.6% | 1.39B+25.6% | |
| Income tax | 369M+3.7% | 356M+8.2% | 329M+58.9% | 207M-43.9% | 369M+25.1% | |
| 929M+2.0% | 911M+10.2% | 827M+87.1% | 442M-55.4% | 990M+26.3% | ||
| Net income to non-controlling interest | 75.0M+8.7% | 69.0M-6.8% | 74.0M+105.6% | 36.0M+9.1% | 33.0M+13.8% | |
| $2.51+7.7% | $2.33+18.3% | $1.97+89.4% | $1.04-54.4% | $2.28+16.9% | ||
| EPS (basic) | $2.52+7.7% | $2.34+17.6% | $1.99+89.5% | $1.05-55.1% | $2.34+16.4% | |
| Weighted-avg shares (basic) | 369M-4.9% | 388M-6.7% | 416M-1.2% | 421M-0.2% | 422M+8.2% | |
| Weighted-avg shares (diluted) | 371M-4.9% | 390M-7.1% | 420M-1.2% | 425M-2.1% | 434M+8.0% | |
| Dividends per share | $0.96+50.0% | $0.64+23.1% | $0.52+8.3% | $0.48+0.0% | $0.48+100.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.36B-12.5% | 2.69B-21.5% | 3.43B-12.9% | 3.94B-16.5% | 4.72B-4.5% | ||
| Cash & equivalents | 506M-30.0% | 723M-35.9% | 1.13B-0.2% | 1.13B-0.5% | 1.14B-1.9% | |
| Short-term investments | 878M-21.7% | 1.12B-23.8% | 1.47B-27.2% | 2.02B-29.3% | 2.86B-7.9% | |
| Accounts receivable | 95.0M+20.3% | 79.0M+16.2% | 68.0M+6.3% | 64.0M-4.5% | 67.0M-32.3% | |
| Inventory | 438M+8.1% | 405M-4.5% | 424M+1.7% | 417M-3.5% | 432M+8.5% | |
| Prepaid expenses | 102M-4.7% | 107M+8.1% | 99.0M-10.8% | 111M-36.9% | 176M+47.9% | |
| 10.8B-3.0% | 11.1B-7.6% | 12.0B+1.7% | 11.8B-10.6% | 13.2B+21.6% | ||
| Property, plant & equipment | 2.54B+5.7% | 2.41B+4.2% | 2.31B+9.1% | 2.12B-5.9% | 2.25B+27.5% | |
| Operating lease right-of-use | 2.19B+2.0% | 2.15B-3.2% | 2.22B-0.1% | 2.22B-15.0% | 2.61B+20.7% | |
| Goodwill | 1.96B+4.4% | 1.88B-2.7% | 1.93B-2.8% | 1.99B-7.2% | 2.14B+157.5% | |
| Intangible assets | 148M+2.8% | 144M-4.0% | 150M-5.7% | 159M-41.5% | 272M+10.6% | |
| Deferred tax assets | 156M+13.0% | 138M+7.0% | 129M+14.2% | 113M+6.6% | 106M+8.2% | |
| Other non-current assets | 362M+41.4% | 256M-3.4% | 265M+6.9% | 248M-66.6% | 742M-0.9% | |
| 2.25B-1.6% | 2.28B-5.7% | 2.42B+11.8% | 2.17B-9.1% | 2.38B+15.3% | ||
| Accounts payable | 793M-1.0% | 801M+1.9% | 786M+8.1% | 727M-12.4% | 830M+17.2% | |
| Accrued liabilities | 2.13B+2.3% | 2.08B-3.9% | 2.16B+3.2% | 2.10B-10.1% | 2.33B+16.9% | |
| Deferred revenue | 205M+4.6% | 196M+0.0% | 196M+7.7% | 182M+0.0% | 182M+4.0% | |
| Short-term & current debt | 30.0M-76.4% | 127M-24.4% | 168M+8300.0% | 2.00M | — | |
| Current lease liability | 438M+5.0% | 417M-2.1% | 426M-4.9% | 448M-11.8% | 508M+13.4% | |
| Other current liabilities | 173M+4.2% | 166M+18.6% | 140M-6.7% | 150M-20.6% | 189M+26.0% | |
| Finance lease liability (current) | 6.00M+20.0% | 5.00M+0.0% | 5.00M+0.0% | 5.00M+66.7% | 3.00M+50.0% | |
| 4.68B-0.2% | 4.69B-4.4% | 4.91B+5.3% | 4.67B-12.0% | 5.30B+20.4% | ||
| Deferred revenue (non-current) | 47.0M-2.1% | 48.0M+50.0% | 32.0M+14.3% | 28.0M+7.7% | 26.0M-16.1% | |
| Non-current lease liability | 1.82B+0.4% | 1.82B-4.4% | 1.90B-0.4% | 1.91B-16.6% | 2.29B+19.4% | |
| Operating lease liability (total) | 2.26B+1.3% | 2.23B-4.0% | 2.33B-1.2% | 2.35B-15.7% | 2.79B+18.2% | |
| Finance lease liability (total) | 57.0M+5.6% | 54.0M+10.2% | 49.0M+4.3% | 47.0M+9.3% | 43.0M+43.3% | |
| Finance lease liability | 51.0M+4.1% | 49.0M+11.4% | 44.0M+4.8% | 42.0M+5.0% | 40.0M+42.9% | |
| Deferred tax liabilities | 406M+4.4% | 389M-0.3% | 390M+0.0% | 390M-8.2% | 425M+87.2% | |
| Other non-current liabilities | 158M+0.6% | 157M+0.0% | 157M-3.1% | 162M-3.0% | 167M+0.0% | |
| 5.38B-6.1% | 5.73B-10.6% | 6.41B-1.2% | 6.48B-8.1% | 7.06B+13.7% | ||
| Additional paid-in capital | 3.80B-5.8% | 4.03B-6.8% | 4.32B-1.6% | 4.39B-6.5% | 4.70B+0.8% | |
| Retained earnings | 1.76B-15.6% | 2.09B-9.6% | 2.31B+5.4% | 2.19B-24.2% | 2.89B+37.4% | |
| Treasury stock | 28.0M-46.2% | 52.0M | — | — | 803M+10.3% | |
| Accumulated other comprehensive income | -157M+54.0% | -341M-48.9% | -229M-122.3% | -103M-138.4% | 268M+60.5% | |
| Non-controlling interest | 720M+5.0% | 686M-2.1% | 701M+5.3% | 666M-21.8% | 852M+236.8% | |
| Total equity incl. non-controlling | 6.10B-4.9% | 6.41B-9.7% | 7.11B-0.6% | 7.15B-9.6% | 7.91B+22.4% | |
| Total liabilities & equity | 10.8B-3.0% | 11.1B-7.6% | 12.0B+1.7% | 11.8B-10.6% | 13.2B+21.6% | |
| Common shares issued | 355M-6.3% | 379M-6.9% | 407M-2.9% | 419M-6.7% | 449M+2.0% | |
| Common shares outstanding | 354M-6.3% | 378M-7.1% | 407M-2.9% | 419M-2.1% | 428M+1.9% | |
| Shares outstanding (cover) | 353M-6.1% | 376M-6.1% | 401M-4.2% | 418M-1.7% | 426M+1.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.47B+3.3% | 1.42B-3.7% | 1.47B+4.2% | 1.41B+24.9% | 1.13B+1.5% | ||
| Depreciation & amortization | 448M-5.9% | 476M+5.1% | 453M-24.8% | 602M+16.7% | 516M+14.7% | |
| Intangible amortization | 2.00M+0.0% | 2.00M-50.0% | 4.00M-96.0% | 99.0M+120.0% | 45.0M+87.5% | |
| Share-based compensation | 42.0M+2.4% | 41.0M-35.9% | 64.0M+52.4% | 42.0M+2.4% | 41.0M+13.9% | |
| Deferred income taxes | -14.0M-100.0% | -7.00M+30.0% | -10.0M+50.0% | -20.0M-112.5% | 160M+44.1% | |
| Change in receivables | 11.0M+22.2% | 9.00M+50.0% | 6.00M+500.0% | 1.00M-80.0% | 5.00M-66.7% | |
| Change in inventory | 14.0M+275.0% | -8.00M-142.1% | 19.0M+0.0% | 19.0M+18.8% | 16.0M+194.1% | |
| Other operating activities | 34.0M+213.3% | -30.0M+54.5% | -66.0M-187.0% | -23.0M-27.8% | -18.0M+57.1% | |
| -5.00M+97.2% | -178M+76.0% | -743M-42.3% | -522M+38.9% | -855M+72.5% | ||
| Capital expenditure | 626M-11.2% | 705M-0.7% | 710M+4.6% | 679M-1.5% | 689M+64.4% | |
| Free cash flow | 840M+17.6% | 714M-6.4% | 763M+4.0% | 734M+66.1% | 442M-36.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 23.0M-80.0% | 115M-60.1% | |
| Purchases of investments | 7.58B+60.4% | 4.73B+34.4% | 3.52B-32.2% | 5.19B-15.5% | 6.14B | |
| Sales/maturities of investments | 8.22B+56.5% | 5.25B+50.1% | 3.50B-34.8% | 5.37B-15.9% | 6.38B | |
| Other investing activities | -2.00M+50.0% | -4.00M+20.0% | -5.00M-25.0% | -4.00M+20.0% | -5.00M+91.1% | |
| -1.69B-3.2% | -1.64B-128.5% | -716M+15.2% | -844M-169.6% | -313M-115.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 1.14B-8.4% | 1.25B+103.8% | 613M+31.5% | 466M+521.3% | 75.0M+837.5% | |
| Dividends paid | 353M+42.3% | 248M+14.8% | 216M+6.9% | 202M-0.5% | 203M+113.7% | |
| Other financing activities | -9.00M+55.0% | -20.0M-233.3% | -6.00M-50.0% | -4.00M+42.9% | -7.00M-600.0% | |
| Net change in cash | -217M+46.4% | -405M-20150.0% | -2.00M+66.7% | -6.00M+72.7% | -22.0M-121.4% | |
| Interest paid | — | 4.00M+33.3% | 3.00M | — | — | |
| Income taxes paid | 370M-5.9% | 393M+21.3% | 324M+58.8% | 204M-20.0% | 255M+50.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 16.9B-7.0% | 18.1B+3.2% | 17.6B-23.2% | 22.9B+7.8% | 21.2B-11.6% | |
| P/E | 18.1×-8.8% | 19.9×-11.3% | 22.4×-15.3% | 26.5×+23.5% | 21.4×-30.0% | |
| P/S | 1.4×-10.9% | 1.6×-3.4% | 1.7×-29.1% | 2.3×+8.7% | 2.2×-25.9% | |
| P/B | 3.1×-0.9% | 3.2×+18.4% | 2.7×-25.0% | 3.6×+18.5% | 3.0×-22.3% | |
| P/FCF | 20.1×-20.9% | 25.4×+8.3% | 23.4×-31.3% | 34.1×-28.9% | 48.0×+39.0% | |
| Earnings yield | 5.5%+9.6% | 5.0%+12.7% | 4.5%+18.1% | 3.8%-19.0% | 4.7%+42.9% | |
| FCF yield | 5.0%+26.4% | 3.9%-7.7% | 4.3%+45.6% | 2.9%+40.6% | 2.1%-28.0% | |
| Dividend yield | 2.0%+51.4% | 1.3%+8.4% | 1.2%+39.5% | 0.88%-8.8% | 0.96%+129.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: YUMC’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 YUMC filings on SEC EDGAR → Not investment advice.