Filing Flows › Yum China Holdings (YUMC) › Q3 2025
Yum China Holdings (YUMC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Yum China Holdings (YUMC) reported revenue of $3.2B for the third quarter 2025 (Q3 2025), +4% from a year earlier and +15% from the quarter before. Operating margin was 12.5%, net earnings $282M (8.8% of revenue).
Yum China Holdings, Q3 2025: revenue $3.2B (+4% year over year), operating margin 12.5%, net earnings $282M, operating cash flow $477M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | +15% | +4% |
| Operating profit | $400M | +32% | +8% |
| Net earnings | $282M | +31% | -5% |
| Operating cash flow | $477M | +16% | +17% |
| Free cash flow | $351M | +21% | +44% |
What changed
Revenue was $3.2B in Q3 2025, up 4% year over year and up 15% 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 $0.10B year over year (up 4%), 76% of the total change.
Operating profit was $0.40B, a 12.5% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, above the 12% margin then. Total costs grew 4% against revenue growth of 4%. Net earnings were $0.28B, down 5% year over year. The effective tax rate was 27.2%.
Operating cash flow was $0.48B (up 17% year over year), 156% 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 $0.05B. Capital expenditures of $0.13B left free cash flow of $0.35B.
Questions
What was Yum China Holdings' revenue in the third quarter 2025?
Yum China Holdings (YUMC) reported revenue of $3.2B for the third quarter 2025 (Q3 2025), +4% from a year earlier and +15% from the quarter before.
Was Yum China Holdings profitable in the third quarter 2025?
Operating profit was $400M (12.5% of revenue) and net earnings $282M.
Source: Yum China Holdings 10-Q on SEC EDGAR.