Filing Flows › Yum Brands (YUM) › Q2 2026
Yum Brands (YUM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Yum Brands (YUM) reported revenue of $2.2B for the second quarter 2026 (Q2 2026), +12% from a year earlier and +5% from the quarter before. Operating margin was 30.2%, net earnings $853M (39.3% of revenue).
Yum Brands, Q2 2026: revenue $2.2B (+12% year over year), operating margin 30.2%, net earnings $853M, operating cash flow $507M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +5% | +12% |
| Operating profit | $655M | +2% | +5% |
| Net earnings | $853M | +97% | +128% |
| Operating cash flow | $507M | +22% | +14% |
| Free cash flow | $407M | +19% | +9% |
What changed
Revenue was $2.2B in Q2 2026, up 12% year over year and up 5% from the previous quarter. KFC Global Division was the largest line at 43% of revenue. Taco Bell Global Division added $0.14B year over year (up 20%), 60% of the total change.
Operating profit was $0.66B, a 30.2% margin (down 2.0 points year over year). Of the extra revenue versus Q2 2025, 14% reached operating profit, below the 32% margin then. Total costs grew 15% against revenue growth of 12%. The fastest-growing cost line was Cost of revenue (+25%). Net earnings were $0.85B, up 128% year over year. The effective tax rate was -60.0%.
Operating cash flow was $0.51B (up 14% year over year), 59% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.42B. Capital expenditures of $0.10B left free cash flow of $0.41B.
Questions
What was Yum Brands' revenue in the second quarter 2026?
Yum Brands (YUM) reported revenue of $2.2B for the second quarter 2026 (Q2 2026), +12% from a year earlier and +5% from the quarter before.
Was Yum Brands profitable in the second quarter 2026?
Operating profit was $655M (30.2% of revenue) and net earnings $853M.
Source: Yum Brands 10-Q on SEC EDGAR.