YUM BRANDS INC
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 12,014 | 256.2 |
| Stockholders' equity | (7,325) | -156.2 |
| Total capitalization | 4,689 | 100.0 |
272,901,085 shares outstanding at 30 July 2026 (cover page of the 10-Q filed 5 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 11,976 |
| Long-term debt, noncurrent | 11,872 |
| Current maturities | 39 |
| Short-term borrowings / commercial paper | 38 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 750,000,000 |
| Common shares issued | 277,000,000 |
| Outstanding at 7/30/26 | 272,901,085 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 2.84 | 51.2 |
| 2024 | 2.68 | 51.3 |
| 2023 | 2.42 | 43.3 |
| 2022 | 2.28 | 49.9 |
| 2021 | 2.00 | 38.4 |
HISTORY AND BUSINESS
HISTORY: Incorporated in North Carolina. Formerly known as TRICON GLOBAL RESTAURANTS INC (to 3 May 2002).
BUSINESS: Classified by the SEC under Standard Industrial Classification 5812, Retail-Eating Places. Large accelerated filer. Principal executive office: 1441 Gardiner Lane, Louisville, KY 40213. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 8,214 | 7,549 | 7,076 |
| Cost of revenues | 2,483 | 2,120 | 1,774 |
| Depreciation and amortization | 206 | 175 | 153 |
| Operating income | 2,574 | 2,403 | 2,318 |
| Interest expense | 544 | 542 | 602 |
| Income before income taxes | 2,077 | 1,900 | 1,818 |
| Income taxes | 518 | 414 | 221 |
| Net income | 1,559 | 1,486 | 1,597 |
| Earned per share, diluted ($) | 5.55 | 5.22 | 5.59 |
| Dividends per share ($) | 2.84 | 2.68 | 2.42 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 709 | 616 |
| Total current assets | 2,040 | 1,871 |
| Property, plant and equipment, net | 1,605 | 1,304 |
| Goodwill | 969 | 736 |
| Total assets | 8,197 | 6,727 |
| Total current liabilities | 1,516 | 1,269 |
| Long-term debt | 11,872 | 11,306 |
| Total liabilities | 15,521 | 14,375 |
| Total liabilities and equity | 8,197 | 6,727 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 8,214 | 2,574 | 1,559 | 19.0 | 5.55 | 2.84 | 2,010 | 371 | 1,639 | 8,197 | 15,521 | 12,014 | (7,325) | -21.3 | -1.64 |
| 12/31/24 | 7,549 | 2,403 | 1,486 | 19.7 | 5.22 | 2.68 | 1,689 | 257 | 1,432 | 6,727 | 14,375 | 11,431 | (7,648) | -19.4 | -1.49 |
| 12/31/23 | 7,076 | 2,318 | 1,597 | 22.6 | 5.59 | 2.42 | 1,603 | 285 | 1,318 | 6,231 | 14,089 | 11,322 | (7,858) | -20.3 | -1.44 |
| 12/31/22 | 6,842 | 2,187 | 1,325 | 19.4 | 4.57 | 2.28 | 1,427 | 279 | 1,148 | 5,846 | 14,722 | 12,341 | (8,876) | -14.9 | -1.39 |
| 12/31/21 | 6,584 | 2,139 | 1,575 | 23.9 | 5.21 | 2.00 | 1,706 | 230 | 1,476 | 5,966 | 14,339 | 11,321 | (8,373) | -18.8 | -1.35 |
| 12/31/20 | 5,652 | 1,503 | 904 | 16.0 | 2.94 | 1.88 | 1,305 | 160 | 1,145 | 5,852 | 13,743 | 11,188 | (7,891) | -11.5 | -1.42 |
| 12/31/19 | 5,597 | 1,930 | 1,294 | 23.1 | 4.14 | 1.68 | 1,315 | 196 | 1,119 | 5,231 | 13,247 | 11,003 | (8,016) | -16.1 | -1.37 |
| 12/31/18 | 5,688 | 2,296 | 1,542 | 27.1 | 4.69 | 1.44 | 1,176 | 234 | 942 | 4,130 | 12,056 | 10,403 | (7,926) | -19.5 | -1.31 |
| 12/31/17 | 5,878 | 2,761 | 1,340 | 22.8 | 3.77 | 0.90 | 1,030 | 318 | 712 | 5,311 | 11,645 | 10,190 | (6,334) | -21.2 | -1.61 |
| 12/31/16 | 6,356 | 1,682 | 1,643 | 25.8 | 4.10 | 1.73 | – | – | – | 5,453 | 11,068 | 9,191 | (5,615) | -29.3 | -1.64 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
YUM BRANDS INC
CIK 1041061 · EIN 13-3951308
PRINCIPAL OFFICE:
1441 Gardiner Lane, Louisville, KY 40213
Tel.: 5028748300
INCORPORATED:
North Carolina
INDUSTRY (SEC SIC CODE):
5812 · Retail-Eating Places
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 20 February 2026
FORMER NAMES:
TRICON GLOBAL RESTAURANTS INC
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/20/26) · 10-K FY2024 (filed 2/19/25) · 10-K FY2023 (filed 2/20/24) · 10-K FY2022 (filed 2/27/23) · 10-K FY2021 (filed 2/23/22) · 10-K FY2020 (filed 2/22/21) · 10-K FY2019 (filed 2/20/20) · 10-K FY2018 (filed 2/21/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.