Filing Flows › Yum China Holdings (YUMC) › Q2 2025
Yum China Holdings (YUMC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Yum China Holdings (YUMC) reported revenue of $2.8B for the second quarter 2025 (Q2 2025), +4% from a year earlier and -7% from the quarter before. Operating margin was 10.9%, net earnings $215M (7.7% of revenue).
Yum China Holdings, Q2 2025: revenue $2.8B (+4% year over year), operating margin 10.9%, net earnings $215M, operating cash flow $412M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | -7% | +4% |
| Operating profit | $304M | -24% | +14% |
| Net earnings | $215M | -26% | +1% |
| Operating cash flow | $412M | -9% | +3% |
| Free cash flow | $290M | -8% | +25% |
What changed
Revenue was $2.8B in Q2 2025, up 4% year over year and down 7% from the previous quarter. Food and Non Food Revenues From Sales was the largest line at 94% of revenue. Food and Non Food Revenues From Sales added $0.09B year over year (up 3%), 79% of the total change.
Operating profit was $0.30B, a 10.9% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, above the 10% margin then. Total costs grew 3% against revenue growth of 4%. Net earnings were $0.21B, up 1% year over year. The effective tax rate was 25.6%.
Operating cash flow was $0.41B (up 3% year over year), 177% of net income including minority interests. Non-cash charges added back $0.11B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.06B. Capital expenditures of $0.12B left free cash flow of $0.29B.
Questions
What was Yum China Holdings' revenue in the second quarter 2025?
Yum China Holdings (YUMC) reported revenue of $2.8B for the second quarter 2025 (Q2 2025), +4% from a year earlier and -7% from the quarter before.
Was Yum China Holdings profitable in the second quarter 2025?
Operating profit was $304M (10.9% of revenue) and net earnings $215M.
Source: Yum China Holdings 10-Q on SEC EDGAR.