Filing Flows › Yum Brands (YUM) › Q2 2026 › vs Q2 2025
Yum Brands (YUM) Q2 2026 vs Q2 2025 (year over year)
Yum Brands's revenue rose $236M (+12%) from $1.9B in Q2 2025 to $2.2B in Q2 2026. The biggest changes: Taco Bell Global Division +$142M (+20%); KFC Global Division +$75.0M (+9%); Pizza Hut Global Division +$15.0M (+6%). Operating margin 30.2% against 32.2% (-2.0 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 30.2% | 32.2% | -2.0 pts |
| Net margin | 39.3% | 19.3% | +20.0 pts |
| Free cash flow margin | 18.8% | 19.4% | -0.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| KFC Global Division | $924M | $849M | $75.0M | +9% |
| Taco Bell Global Division | $853M | $711M | $142M | +20% |
| Pizza Hut Global Division | $254M | $239M | $15.0M | +6% |
| The Habit Burger Grill Global Division | $139M | $134M | $5.0M | +4% |
| Revenue | $2.2B | $1.9B | $236M | +12% |
| Operating profit | $655M | $622M | $33.0M | +5% |
| Costs & expenses | $1.5B | $1.3B | $203M | +15% |
| Pre-tax earnings | $533M | $499M | $34.0M | +7% |
| Other expense, net | $122M | $123M | −$1.0M | -0.8% |
| Cost of revenue | $700M | $560M | $140M | +25% |
| General & admin | $324M | $302M | $22.0M | +7% |
| Other operating costs | $490M | $449M | $41.0M | +9% |
| Income tax benefit | $320M | −$125M | $445M | — |
| Net earnings | $853M | $374M | $479M | +128% |
| Depreciation & amortization | $60.0M | $44.0M | $16.0M | +36% |
| Share-based compensation | $11.0M | $16.0M | −$5.0M | -31% |
| Working capital & other | $417M | −$12.0M | $429M | — |
| Operating cash flow | $507M | $446M | $61.0M | +14% |
| Free cash flow (OCF − capex) | $407M | $375M | $32.0M | +9% |
| Capital expenditures | $100M | $71.0M | $29.0M | +41% |
Questions
How much did Yum Brands's revenue grow year over year in Q2 2026?
Yum Brands's revenue rose $236M (+12%) from $1.9B in Q2 2025 to $2.2B in Q2 2026.
What drove Yum Brands's revenue change in Q2 2026?
Taco Bell Global Division +$142M (+20%); KFC Global Division +$75.0M (+9%); Pizza Hut Global Division +$15.0M (+6%).