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NYSE · Consumer Discretionary

Yum China Holdings, Inc. (YUMC)

As-reported financials and SEC filings for Yum China Holdings, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Yum China Holdings, Inc.

Yum China Holdings, Inc. operates the largest restaurant network in China, with over 18,000 restaurants as of 2025. The company manages well-known brands including KFC, Pizza Hut, Lavazza, Huang Ji Huang, Little Sheep, and Taco Bell, offering a variety of quick-service and casual dining options. Yum China serves customers across more than 2,500 cities in China through company-owned and franchised restaurants.

Snapshot

Revenue
$11.80B
Revenue growth (YoY)
4.4%
Net income
$929.0M
Diluted EPS
$2.51
Gross margin
Operating margin
10.9%
Net margin
7.9%
FCF margin
7.1%
ROE
15.2%
net income / fiscal-year-end equity
P/E
16.5×
trailing when available, otherwise FY EPS
Market cap
$15.31B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Yum China Holdings

  • Revenue grew 4.4% to $11.8B in FY2025, in line with the 3.0% the year before.
  • Operating margin is 10.9% in FY2025, -3.1 pp against 14.1% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $3.1B, up 12.6% from Q2 FY2025.
  • Free cash flow was $840M in FY2025, 7.1% of revenue.
  • Net income rose 2.0% to $929M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Yum China Holdings’s fundamentals sit among the 42 restaurant companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin10.9%
77th percentile of 40
Net margin7.9%
78th percentile of 42
FCF margin7.1%
73rd percentile of 42
Revenue growth (YoY)+4.4%
44th percentile of 42
ROE15.2%
68th percentile of 29
P/E16.5×
15th percentile of 27
Short interest4.28d
55th percentile of 41

Yum China Holdings’s P/E of 16.5 ranks in the 15th percentile of the 27 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 6 insider sales totaling $1.8M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+7 quant / multi-strat
Initiated / added
5
0 new, 5 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$524.9M
reported long value
InvestorAs ofPosition valueSharesChange
Dodge & CoxQ2 2026$341.9M8.4MAdded
Millennium ManagementquantQ2 2026$100.2M2.5MAdded
Point72 Asset ManagementquantQ2 2026$29.5M720.9KAdded
Renaissance TechnologiesquantQ2 2026$28.4M694.9KAdded
Citadel AdvisorsquantQ2 2026$9.7M236.2KReduced
D. E. ShawquantQ2 2026$6.8M167.0KReduced
Two Sigma InvestmentsquantQ2 2026$5.0M121.6KAdded
AQR Capital ManagementquantQ2 2026$2.1M50.6KReduced
Giverny CapitalQ2 2026$1.5M36.0KHeld

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
6
$1.8M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-18
filed 2026-08-19
HUANG Duoduo (Howard)Chief Supply Chain OfficerSell19.5K$47.07$918K
2026-08-18
filed 2026-08-19
HUANG Duoduo (Howard)Chief Supply Chain OfficerSell3.3K$47.14$158K
2026-08-18
filed 2026-08-19
HUANG Duoduo (Howard)Chief Supply Chain OfficerSell1.2K$47.14$58K
2026-08-12
filed 2026-08-13
Kuai JeffGeneral Manager, Pizza HutSell5.3K$47.71$253K
2026-08-12
filed 2026-08-13
Kuai JeffGeneral Manager, Pizza HutSell5.0K$47.71$237K
2026-08-12
filed 2026-08-13
Kuai JeffGeneral Manager, Pizza HutSell4.3K$47.74$206K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
5.7M
settled 2026-08-14
Change vs prior
+11.3%
vs previous settlement
Days to cover
4.28
at avg daily volume
Avg daily volume
1.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-145.7M+11.3%4.28
2026-07-315.1M+5.7%2.91
2026-07-154.8M+5.0%2.80
2026-06-304.6M+5.3%2.54
2026-06-154.4M+6.6%2.37
2026-05-294.1M-0.5%2.17
2026-05-154.1M-16.7%3.30
2026-04-304.9M+6.2%3.73

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$11.80B$11.30B$10.98B$9.57B$9.85B
Gross profit
Operating income$1.29B$1.16B$1.11B$629.0M$1.39B
Net income$929.0M$911.0M$827.0M$442.0M$990.0M
Diluted EPS$2.51$2.33$1.97$1.04$2.28

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$506.0M$723.0M$1.13B$1.13B$1.14B
Current assets$2.36B$2.69B$3.43B$3.94B$4.72B
Total assets$10.78B$11.12B$12.03B$11.83B$13.22B
Current liabilities$2.25B$2.28B$2.42B$2.17B$2.38B
Long-term debt
Total liabilities$4.68B$4.69B$4.91B$4.67B$5.30B
Total equity$6.10B$6.41B$7.11B$7.15B$7.91B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.47B$1.42B$1.47B$1.41B$1.13B
Capital expenditure$626.0M$705.0M$710.0M$679.0M$689.0M
Free cash flow$840.0M$714.0M$763.0M$734.0M$442.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$3.14B12.6%$244.0M$0.70
Q1 FY2026$3.27B9.7%$309.0M$0.87
Q4 FY2025$2.82B8.8%$140.0M$0.39
Q3 FY2025$3.21B4.4%$282.0M$0.76
Q2 FY2025$2.79B4.0%$215.0M$0.58
Q1 FY2025$2.98B0.8%$292.0M$0.77
Q4 FY2024$2.60B4.1%$115.0M$0.30
Q3 FY2024$3.07B5.4%$297.0M$0.77

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorConsumer Discretionary
SIC industryRetail-Eating Places
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2017
SEC CIK1673358

Selected SEC filings

10-Q2026-08-10
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-09-01
View on EDGAR →
8-K2026-08-07
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-07-30
View on EDGAR →

Largest restaurant peers

All restaurant stocksAll Consumer Discretionary companies →

YUMC head to head

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.