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How Yum China Holdings (YUMC) makes money

Yum China Holdings (YUMC) made $3.5B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Food and Non Food Revenues From Sales brought in $3.2B (92%); Transactions with Franchisees brought in $183M (5%); Other Revenue brought in $48.0M (1%). Of every dollar of revenue, 13¢ was left as operating profit, 9¢ was left as net earnings.

Drawing the Sankey…

Yum China Holdings revenue by segment, Q3 2026Yum China Holdings revenue by segment, Q3 2026Food and Non Food Revenues From S…$3.2BTransactions with Franchisees$183MOther Revenue$48.0MFranchise Fees and Income$32.0M
Yum China Holdings: revenue by line, Q1 2025 to Q3 2026Yum China Holdings: revenue by line, Q1 2025 to Q3 2026Food and Non Food Rev…Transactions with Fra…Other RevenueFranchise Fees and In…Food and Non Food Revenues From Sales: $3.2B latest$3.2BTransactions with Franchisees: $183M latestOther Revenue: $48.0M latestFranchise Fees and Income: $32.0M latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
The mix barely moved between Q1 2025 and Q3 2026.
Yum China Holdings revenue by quarterYum China Holdings revenue by quarter$3.0BQ1 2025$2.8BQ2 2025$3.2BQ3 2025$2.8BQ4 2025$3.3BQ1 2026$3.1BQ2 2026$3.5BQ3 2026
Yum China Holdings: where each dollar of revenue goesYum China Holdings: where each dollar of revenue goesOperating profit13¢Income tax4¢Net earnings9¢Operating cash flow15¢Free cash flow10¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Food and Non Food Revenues From Sales$3.2B92.4%+10%+7%
Transactions with Franchisees$183M5.3%+18%+31%
Other Revenue$48.0M1.4%+9%+20%
Franchise Fees and Income$32.0M0.9%+10%+14%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$3.5B100.0%
Operating profit$451M13.0%
Income tax$130M3.7%
Net earnings$311M8.9%
Operating cash flow$505M14.5%
Free cash flow$359M10.3%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$3.5B+8%
Q2 2026$3.1B+13%
Q1 2026$3.3B+10%
Q4 2025$2.8B+9%
Q3 2025$3.2B+4%
Q2 2025$2.8B+4%
Q1 2025$3.0B+0.8%

From Yum China Holdings' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Yum China Holdings make money?

Yum China Holdings (YUMC) made $3.5B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Food and Non Food Revenues From Sales brought in $3.2B (92%); Transactions with Franchisees brought in $183M (5%); Other Revenue brought in $48.0M (1%). Of every dollar of revenue, 13¢ was left as operating profit, 9¢ was left as net earnings.

What is Yum China Holdings' biggest business?

Food and Non Food Revenues From Sales: $3.2B in the third quarter 2026, 92% of revenue, +7% from a year earlier.

What is Yum China Holdings' profit margin?

Net earnings were $311M, 8.9% of revenue, in the third quarter 2026; the operating margin was 13.0%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.