Yum! Brands (YUM) FY2024 results: revenue $7.5 billion, up 6.7% on the year
Yum! Brands, Inc. (YUM) reported revenue of $7.5 billion for fiscal 2024, the year ended 31 December 2024, up 6.7% on the year before. Net income was $1.5 billion, down 7.0%, and diluted earnings per share $5.22. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2025.
Revenue
$7.5 billion
+6.7% on the year
FY2017FY2024
Operating margin
31.8%
32.8% a year earlier
FY2017FY2024
Net income
$1.5 billion
-7.0% on the year
FY2017FY2024
Diluted EPS
$5.22
-6.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,689
1,603
1,427
+5.4%
Capital expenditure
257
285
279
-9.8%
Free cash flow
1,432
1,318
1,148
+8.6%
Free cash flow margin
19.0%
18.6%
16.8%
Cash from investing
-422
-107
-202
Cash from financing
-1,163
-1,429
-1,323
Depreciation and amortisation
175
153
146
+14.4%
Share-based compensation
69.0
95.0
84.0
-27.4%
Buybacks
441
50.0
1,200
+782.0%
Dividends paid
752
678
649
+10.9%
Dividend per share
$2.68
$2.42
$2.28
+10.7%
Diluted shares, weighted
285m
285m
290m
0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-7,648
-7,858
-8,876
Short-term borrowings
27.0
53.0
n/a
-49.1%
Debt
11,306
11,142
11,851
+1.5%
Operating lease liabilities
862
757
731
+13.9%
Finance lease liabilities
67.0
50.0
57.0
+34.0%
Other liabilities
2,113
2,087
2,083
+1.2%
Total liabilities and equity
6,727
6,231
5,846
+8.0%
Fixed assets
1,304
1,197
1,171
+8.9%
Goodwill
736
642
638
+14.6%
Intangible assets
416
377
354
+10.3%
Investments
91.0
0.0
n/a
Cash and equivalents
616
512
367
+20.3%
Other assets
3,564
3,503
3,316
+1.7%
Total assets
6,727
6,231
5,846
+8.0%
10-K for the year ended 31 December 2024, filed 19 February 2025: the filing.