Filing Flows › Yum China Holdings (YUMC) › Q4 2025
Yum China Holdings (YUMC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Yum China Holdings (YUMC) reported revenue of $2.8B for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -12% from the quarter before. Operating margin was 6.6%, net earnings $140M (5.0% of revenue).
Yum China Holdings, Q4 2025: revenue $2.8B (+9% year over year), operating margin 6.6%, net earnings $140M, operating cash flow $125M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | -12% | +9% |
| Operating profit | $187M | -53% | +24% |
| Net earnings | $140M | -50% | +22% |
| Operating cash flow | $125M | -74% | -25% |
What changed
Revenue was $2.8B in Q4 2025, up 9% year over year and down 12% from the previous quarter. Food and Non Food Revenues From Sales was the largest line at 93% of revenue.
Operating profit was $0.19B, a 6.6% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 6% margin then. Total costs grew 8% against revenue growth of 9%. Net earnings were $0.14B, up 22% year over year. The effective tax rate was 26.8%.
Operating cash flow was $0.12B (down 25% year over year), 82% 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 used $0.15B. Capital expenditures of $0.24B exceeded it, leaving free cash flow of −$0.12B.
Questions
What was Yum China Holdings' revenue in the fourth quarter 2025?
Yum China Holdings (YUMC) reported revenue of $2.8B for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -12% from the quarter before.
Was Yum China Holdings profitable in the fourth quarter 2025?
Operating profit was $187M (6.6% of revenue) and net earnings $140M.
Source: Yum China Holdings 10-K on SEC EDGAR.