YUMC on NYSE

Yum China

Multinational fast food company

Yum China Holdings, Inc. (Chinese: 百胜中国; pinyin: Bǎishèng Zhōngguó) is a Chinese Fortune 500 fast-food restaurant company based in Shanghai, China.3 From Wikipedia, CC BY-SA 4.0

$44.70 up 1.50 (3.47%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

2016Founded1

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  • TickerYUMC on NYSE1
  • Industryfast food1
  • HeadquartersShanghai1
  • Websitewww.yumchina.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address101 East Park Boulevard, Suite 805, Plano, Tx 750745
  • Filer categoryLarge accelerated filer5

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Yum China Headquarters at Xujiahui in Xuhui, Shanghai, China 20250831
Photo: 4084470 0.smil, CC BY 4.0, via Wikimedia Commons7

Yum China Holdings, Inc. (Chinese: 百胜中国; pinyin: Bǎishèng Zhōngguó) is a Chinese Fortune 500 fast-food restaurant company based in Shanghai, China. With US$11.797 billion in revenue and 18,737 restaurants worldwide it is one of the largest restaurant companies. It was spun off from Yum! Brands in 2016, becoming an independent, publicly traded company on November 1, 2016. Yum China is a trademark licensee of Yum Brands, paying 3% of total systemwide sales to Yum Brands. It operates 8,484 restaurants in over 1,100 cities located in every province and autonomous region in mainland China. It has a workforce of 290,000 employees. Since the stock is listed on the New York Stock Exchange, the company has an office in Plano, Texas, for SEC filings.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.9%Operating margin8
7.9%Net margin8
4.4%Revenue growth, 20258
17.3%Return on equity8
$840.0MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Food And Non Food Revenues From Sales brought in 94% of the revenue Yum China broke down this way in fiscal 2025.

  1. Food And Non Food Revenues From Sales$11.0B894%up 4% from 2024
  2. Transactions With Franchisees$502.0M84%up 20% from 2024
  3. Other Revenue$152.0M81%up 10% from 2024
  4. Franchise Fees And Income$104.0M81%up 11% from 2024
Products and services by year
Products and services202320242025
Food And Non Food Revenues From Sales$10.4B$10.7B$11.0B
Transactions With Franchisees$372.0M$420.0M$502.0M
Other Revenue$126.0M$138.0M$152.0M
Franchise Fees And Income$89.0M$94.0M$104.0M

Business segments

KFC brought in 71% of the revenue Yum China broke down this way in fiscal 2025.

  1. KFC$8.9B871%up 4% from 2024
  2. Pizza Hut$2.3B819%up 3% from 2024
  3. Other Operating$934.0M87%up 18% from 2024
  4. Corporate and Unallocated$418.0M83%up 18% from 2024
Business segments by year
Business segments202320242025
KFC$8.2B$8.5B$8.9B
Pizza Hut$2.2B$2.3B$2.3B
Other Operating$779.0M$789.0M$934.0M
Corporate and Unallocated$293.0M$353.0M$418.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development0¢$8.0M
  • Other costs89¢$10.5B
  • Income tax3¢$369.0M
  • Profit8¢$929.0M

Out of $11.8B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending29¢$626.0M
  • Dividends paid17¢$353.0M
  • Share buybacks54¢$1.1B

Out of $1.5B of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.8

Financial statements

Revenue91011128$11.8B in 2025+34% since 2019
0$5.0B$10.0B$15.0B2019: $8.8B$8.8B20192020: $8.3B$8.3B2020−6%2021: $9.9B$9.9B2021+19%2022: $9.6B$9.6B2022−3%2023: $11.0B$11.0B2023+15%2024: $11.3B$11.3B2024+3%2025: $11.8B$11.8B2025+4%
Operating income91011128$1.3B in 2025+43% since 2019
0$500.0M$1.0B$1.5B2019: $901.0M$901.0M20192020: $961.0M$961.0M2020+7%2021: $1.4B$1.4B2021+44%2022: $629.0M$629.0M2022−55%2023: $1.1B$1.1B2023+76%2024: $1.2B$1.2B2024+5%2025: $1.3B$1.3B2025+11%
Net income91011128$929.0M in 2025+30% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $713.0M$713.0M20192020: $784.0M$784.0M2020+10%2021: $990.0M$990.0M2021+26%2022: $442.0M$442.0M2022−55%2023: $827.0M$827.0M2023+87%2024: $911.0M$911.0M2024+10%2025: $929.0M$929.0M2025+2%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Total revenues$11.8B$11.3B$11.0B
Food and paper$3.5B$3.4B$3.2B
Payroll and employee benefits$3.0B$2.8B$2.7B
Occupancy and other operating expenses$2.8B$2.8B$2.8B
General and administrative expenses$581.0M$568.0M$638.0M
Other operating costs and expenses$132.0M$122.0M$112.0M
Closures and impairment expenses, net$37.0M$39.0M$29.0M
Other income, net-$1.0M-$1.0M
Total costs and expenses, net$10.5B$10.1B$9.9B
Operating Profit$1.3B$1.2B$1.1B
Interest income, net$92.0M$129.0M$169.0M
Investment (loss) gain-$24.0M$40.0M-$49.0M
Income Before Income Taxes and Equity in Net Earnings (Losses) from Equity Method Investments$1.4B$1.3B$1.2B
Income tax provision-$369.0M-$356.0M-$329.0M
Equity in net earnings (losses) from equity method investments$15.0M$5.0M$4.0M
Net income including noncontrolling interests$1.0B$980.0M$901.0M
Net income noncontrolling interests$75.0M$69.0M$74.0M
Net Income Yum China Holdings, Inc.$929.0M$911.0M$827.0M
Basic369.0M shares388.0M shares416.0M shares
Diluted371.0M shares390.0M shares420.0M shares
Basic Earnings Per Common Share$2.52$2.34$1.99
Diluted Earnings Per Common Share$2.51$2.33$1.97

Compare Yum China with another company

The story

Spinoff

On October 25, 2015, Yum! Brands announced that it intended to separate into two independent, publicly traded companies by spinning off Yum China; it took effect on November 1, 2016.

Brands

Yum China has several subsidiary brands, including KFC, Taco Bell, Pizza Hut, COFFii & JOY (a coffee bar launched in 2018), Huang Ji Huang (a casual dining franchise), and Little Sheep. Little Sheep has around 200 restaurants in China, thirty in eleven US states (most of which have been rebranded to Happy Lamb), mostly in California, seventeen in Japan, nine in Canada and one in Jakarta, Indonesia.

Yum China, alongside LongRange Capital, acquired Pizza Hut from Yum! Brands in 2026, Yum China acquired its Chinese operations.

Number of units as of 2024:

11,648 KFCs

3,724 Pizza Huts

1,023 Little Sheep, East Dawning, Taco Bell, Huang Ji Huang, COFFii & Joy, Lavazza, and Shaofaner.

From Wikipedia’s article on Yum China, shared under CC BY-SA 4.0.6

Leadership

Who has led Yum China, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Muktesh Pant2016–now
20202025

Products and brands

Listed on Wikidata.1

Subsidiaries and ownership

Owners

  • Primavera Capital Group 7.8%
  • Aberdeen Asset Management 6.2%
  • BlackRock 5.6%

Subsidiaries

  • East Dawning
  • KCOFFEE
  • LITTLE SHEEP

From Wikidata.1

Employees over time

  • 2016420,0001

Former names

  • Yum! China Holding, Inc.May 3, 2016 to Jun 24, 20165

Timeline

  1. 2016Founded Founded1
  2. 2016New chief executive Muktesh Pant becomes CEO1

Recent filings

  1. Sep 21, 20264 PRIMARY DOCUMENT
  2. Sep 21, 20264 PRIMARY DOCUMENT
  3. Sep 21, 20264 PRIMARY DOCUMENT
  4. Sep 21, 20264 PRIMARY DOCUMENT
  5. Sep 21, 20264 PRIMARY DOCUMENT
  6. Sep 21, 20264 PRIMARY DOCUMENT
  7. Sep 21, 20264 PRIMARY DOCUMENT
  8. Sep 21, 20264 PRIMARY DOCUMENT
  9. Sep 21, 20264 PRIMARY DOCUMENT
  10. Sep 3, 20264 PRIMARY DOCUMENT
  11. Sep 1, 20268-K
  12. Aug 19, 20264 PRIMARY DOCUMENT
  13. Aug 18, 2026144
  14. Aug 13, 20264 PRIMARY DOCUMENT
  15. Aug 12, 2026144

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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