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Yum Brands (YUM) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 7, 2025

Yum Brands (YUM) reported revenue of $1.9B for the second quarter 2025 (Q2 2025), +10% from a year earlier and +8% from the quarter before. Operating margin was 32.2%, net earnings $374M (19.3% of revenue).

Revenue$1.9B
Year over year+10%
Quarter over quarter+8%
Operating margin32.2%
Net earnings$374M

Yum Brands, Q2 2025: revenue $1.9B (+10% year over year), operating margin 32.2%, net earnings $374M, operating cash flow $446M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$1.9B+8%+10%
Operating profit$622M+14%+2%
Net earnings$374M+48%+2%
Operating cash flow$446M+10%+30%
Free cash flow$375M+13%+28%

What changed

Revenue was $1.9B in Q2 2025, up 10% year over year and up 8% from the previous quarter. KFC Global Division was the largest line at 44% of revenue. KFC Global Division added $0.13B year over year (up 18%), 78% of the total change. The Habit Burger Grill Global Division declined 5%.

Operating profit was $0.62B, a 32.2% margin (down 2.3 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, below the 34% margin then. Total costs grew 13% against revenue growth of 10%. The fastest-growing cost line was Cost of revenue (+19%). Net earnings were $0.37B, up 2% year over year. The effective tax rate was 25.1%.

Operating cash flow was $0.45B (up 30% year over year), 119% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.07B left free cash flow of $0.38B.

Questions

What was Yum Brands' revenue in the second quarter 2025?

Yum Brands (YUM) reported revenue of $1.9B for the second quarter 2025 (Q2 2025), +10% from a year earlier and +8% from the quarter before.

Was Yum Brands profitable in the second quarter 2025?

Operating profit was $622M (32.2% of revenue) and net earnings $374M.

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Source: Yum Brands 10-Q on SEC EDGAR.