Filing Flows › Yum China Holdings (YUMC) › Q3 2026 › vs Q2 2026
Yum China Holdings (YUMC) Q3 2026 vs Q2 2026 (quarter over quarter)
Yum China Holdings's revenue rose $339M (+11%) from $3.1B in Q2 2026 to $3.5B in Q3 2026. The biggest changes: Food and Non Food Revenues From Sales +$304M (+10%); Transactions with Franchisees +$28.0M (+18%); Other Revenue +$4.0M (+9%). Operating margin 13.0% against 11.1% (+1.9 pts).
Yum China Holdings, Q3 2026: revenue $3.5B (+8% year over year), operating margin 13.0%, net earnings $311M, operating cash flow $505M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.0% | 11.1% | +1.9 pts |
| Net margin | 8.9% | 7.8% | +1.2 pts |
| Free cash flow margin | 10.3% | 9.5% | +0.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Food and Non Food Revenues From Sales | $3.2B | $2.9B | $304M | +10% |
| Transactions with Franchisees | $183M | $155M | $28.0M | +18% |
| Other Revenue | $48.0M | $44.0M | $4.0M | +9% |
| Franchise Fees and Income | $32.0M | $29.0M | $3.0M | +10% |
| Revenue | $3.5B | $3.1B | $339M | +11% |
| Other income, net | $14.0M | $8.0M | $6.0M | +75% |
| Operating profit | $451M | $348M | $103M | +30% |
| Costs & expenses | $3.0B | $2.8B | $236M | +8% |
| Pre-tax earnings | $465M | $356M | $109M | +31% |
| General & admin | $155M | $139M | $16.0M | +12% |
| Other operating costs | $2.9B | $2.7B | $220M | +8% |
| Net earnings | $311M | $244M | $67.0M | +27% |
| Minority interests | $24.0M | $20.0M | $4.0M | +20% |
| Income tax | $130M | $92.0M | $38.0M | +41% |
| Depreciation & amortization | $121M | $120M | $1.0M | +0.8% |
| Share-based compensation | $10.0M | $13.0M | −$3.0M | -23% |
| Working capital & other | $63.0M | $49.0M | $14.0M | +29% |
| Operating cash flow | $505M | $426M | $79.0M | +19% |
| Free cash flow (OCF − capex) | $359M | $299M | $60.0M | +20% |
| Capital expenditures | $146M | $127M | $19.0M | +15% |
Questions
How much did Yum China Holdings's revenue grow quarter over quarter in Q3 2026?
Yum China Holdings's revenue rose $339M (+11%) from $3.1B in Q2 2026 to $3.5B in Q3 2026.
What drove Yum China Holdings's revenue change in Q3 2026?
Food and Non Food Revenues From Sales +$304M (+10%); Transactions with Franchisees +$28.0M (+18%); Other Revenue +$4.0M (+9%).