Filing Flows › Yum Brands (YUM) › Q2 2026 › vs Q1 2026
Yum Brands (YUM) Q2 2026 vs Q1 2026 (quarter over quarter)
Yum Brands's revenue rose $110M (+5%) from $2.1B in Q1 2026 to $2.2B in Q2 2026. Operating margin 30.2% against 31.3% (-1.1 pts).
Yum Brands, Q2 2026: revenue $2.2B (+12% year over year), operating margin 30.2%, net earnings $853M, operating cash flow $507M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 30.2% | 31.3% | -1.1 pts |
| Net margin | 39.3% | 21.0% | +18.3 pts |
| Free cash flow margin | 18.8% | 16.6% | +2.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $2.2B | $2.1B | $110M | +5% |
| Operating profit | $655M | $644M | $11.0M | +2% |
| Costs & expenses | $1.5B | $1.4B | $99.0M | +7% |
| Pre-tax earnings | $533M | $516M | $17.0M | +3% |
| Other expense, net | $122M | $128M | −$6.0M | -5% |
| Cost of revenue | $700M | $677M | $23.0M | +3% |
| General & admin | $324M | $322M | $2.0M | +0.6% |
| Other operating costs | $490M | $416M | $74.0M | +18% |
| Income tax benefit | $320M | −$84.0M | $404M | — |
| Net earnings | $853M | $432M | $421M | +97% |
| Depreciation & amortization | $60.0M | $60.0M | $0 | 0% |
| Share-based compensation | $11.0M | $24.0M | −$13.0M | -54% |
| Working capital & other | $417M | $100M | $317M | +317% |
| Operating cash flow | $507M | $416M | $91.0M | +22% |
| Free cash flow (OCF − capex) | $407M | $341M | $66.0M | +19% |
| Capital expenditures | $100M | $75.0M | $25.0M | +33% |
Questions
How much did Yum Brands's revenue grow quarter over quarter in Q2 2026?
Yum Brands's revenue rose $110M (+5%) from $2.1B in Q1 2026 to $2.2B in Q2 2026. Operating margin 30.2% against 31.3% (-1.1 pts).