Filing Flows › Yum China Holdings (YUMC) › Q1 2026
Yum China Holdings (YUMC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Yum China Holdings (YUMC) reported revenue of $3.3B for the first quarter 2026 (Q1 2026), +10% from a year earlier and +16% from the quarter before. Operating margin was 13.7%, net earnings $309M (9.4% of revenue).
Yum China Holdings, Q1 2026: revenue $3.3B (+10% year over year), operating margin 13.7%, net earnings $309M, operating cash flow $550M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | +16% | +10% |
| Operating profit | $447M | +139% | +12% |
| Net earnings | $309M | +121% | +6% |
| Operating cash flow | $550M | +340% | +22% |
| Free cash flow | $406M | — | +29% |
What changed
Revenue was $3.3B in Q1 2026, up 10% year over year and up 16% from the previous quarter. Food and Non Food Revenues From Sales was the largest line at 93% of revenue. Food and Non Food Revenues From Sales added $0.25B year over year (up 9%), 85% of the total change.
Operating profit was $0.45B, a 13.7% margin (up 0.3 points year over year). Of the extra revenue versus Q1 2025, 17% reached operating profit, above the 13% margin then. Total costs grew 9% against revenue growth of 10%. Net earnings were $0.31B, up 6% year over year. The effective tax rate was 27.1%.
Operating cash flow was $0.55B (up 22% year over year), 166% of net income including minority interests. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.14B left free cash flow of $0.41B.
Questions
What was Yum China Holdings' revenue in the first quarter 2026?
Yum China Holdings (YUMC) reported revenue of $3.3B for the first quarter 2026 (Q1 2026), +10% from a year earlier and +16% from the quarter before.
Was Yum China Holdings profitable in the first quarter 2026?
Operating profit was $447M (13.7% of revenue) and net earnings $309M.
Source: Yum China Holdings 10-Q on SEC EDGAR.