Yum! Brands, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.21B | $7.41B | $7.08B | $6.84B | $6.58B | $5.65B | $5.60B | $5.69B |
| Company Sales | $2.95B | $1.97B | $1.90B | $2.07B | $2.11B | $1.48B | $1.56B | $2.00B |
| Franchise and License Fees | $3.47B | $3.21B | $3.10B | $2.91B | $2.80B | $2.58B | $2.55B | $2.47B |
| Franchise Contributions for Advertising and Other Services | $1.80B | $2.23B | $2.08B | $1.86B | $1.67B | $1.60B | $1.49B | $1.22B |
| Cost of Revenue | $2.48B | $2.12B | $1.77B | $1.75B | $1.73B | $1.51B | $1.24B | $1.63B |
| Gross Profit | $5.73B | $5.29B | $5.30B | $5.10B | $4.86B | $4.15B | $4.36B | $4.05B |
| Gross Margin | 69.8% | 71.4% | 74.9% | 74.5% | 73.8% | 73.4% | 77.9% | 71.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $1.26B | $1.18B | $1.19B | $1.14B | $1.06B | $1.06B | $917.0M | $895.0M |
| Operating Income | $2.57B | $2.40B | $2.32B | $2.19B | $2.14B | $1.50B | $1.93B | $2.30B |
| Operating Margin | 31.3% | 32.4% | 32.8% | 32.0% | 32.5% | 26.6% | 34.5% | 40.4% |
| Interest Expense | $544.0M | $542.0M | $602.0M | $558.0M | $551.0M | $558.0M | $519.0M | $496.0M |
| Pretax Income | $2.08B | $1.90B | $1.82B | $1.66B | $1.67B | $1.02B | $1.37B | $1.84B |
| Income Tax Expense | $518.0M | $414.0M | $221.0M | $337.0M | $99.0M | $116.0M | $79.0M | $297.0M |
| Net Income | $1.56B | $1.49B | $1.60B | $1.33B | $1.58B | $904.0M | $1.29B | $1.54B |
| Net Margin | 19.0% | 20.1% | 22.6% | 19.4% | 23.9% | 16.0% | 23.1% | 27.1% |
| EPS (Basic) | $5.59 | $5.28 | $5.68 | $4.63 | $5.30 | $2.99 | $4.23 | $4.80 |
| EPS (Diluted) | $5.55 | $5.22 | $5.59 | $4.57 | $5.21 | $2.94 | $4.14 | $4.69 |
| Shares Outstanding (Basic) | 279.0M | 282.0M | 281.0M | 286.0M | 297.0M | 302.0M | 306.0M | 322.0M |
| Shares Outstanding (Diluted) | 281.0M | 285.0M | 285.0M | 290.0M | 302.0M | 307.0M | 313.0M | 329.0M |
| Dividends Per Share | $2.84 | $2.68 | $2.42 | $2.28 | $2.00 | $1.88 | $1.68 | $1.44 |