Yum China Holdings (YUMC) Q3 FY2026 earnings: revenue $3.5 billion, up 8.5% on the year
Yum China Holdings, Inc. (YUMC) reported revenue of $3.5 billion for Q3 FY2026, the quarter ended 30 September 2026, up 8.5% on the same quarter a year earlier. Net income was $311 million, up 10.3% on the year, and diluted earnings per share $0.91. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.
Revenue
$3.5 billion
+8.5% on the year · +10.8% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
13.0%
12.5% a year earlier
Q4 FY2024Q3 FY2026
Net income
$311 million
+10.3% on the year · +27.5% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.91
+19.7% on the year · +30.0% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 3 raised, 4 kept.
Revenue and operating profit grew: Total revenues rose 8% to $3.5 billion, or 2% excluding F/X. Operating profit rose 13% to $451 million; core operating profit rose 6%.
Diluted EPS rose 20%: Diluted EPS was $0.91, up 12% excluding F/X and up 8% further excluding mark-to-market equity investments. Year-to-date diluted EPS was $2.48, up 18%.
Same-store sales fell 3%: Same-store sales were 97% of the prior-year level. Management cited tough comparisons with last year's delivery platform subsidies and adverse weather in August.
$ 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
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
505
426
477
+18.5%
+5.9%
Capital expenditure
146
127
126
+15.0%
+15.9%
Free cash flow
359
299
351
+20.1%
+2.3%
Free cash flow margin
10.3%
9.5%
10.9%
Cash from investing
-1,537
-32.0
-26.0
Cash from financing
1,080
-386
-398
Depreciation and amortisation
121
120
114
+0.8%
+6.1%
Share-based compensation
10.0
13.0
10.0
-23.1%
0.0%
Buybacks
263
312
324
-15.7%
-18.8%
Dividends paid
99.0
101
88.0
-2.0%
+12.5%
Dividend per share
$0.29
$0.29
$0.24
0.0%
+20.8%
Diluted shares, weighted
343m
349m
369m
-1.7%
-7.0%
Shares outstanding at period end
339m
345m
364m
-1.7%
-6.9%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
5,361
5,357
5,692
+0.1%
-5.8%
Non-controlling interest
735
704
694
+4.4%
+5.9%
Redeemable equity
0.0
0.0
0.0
Debt
1,549
66.0
29.0
+2,247.0%
+5,241.4%
Operating lease liabilities
1,709
1,747
1,763
-2.2%
-3.1%
Finance lease liabilities
47.0
50.0
49.0
-6.0%
-4.1%
Other liabilities
3,006
2,947
2,807
+2.0%
+7.1%
Total liabilities and equity
12,407
10,871
11,034
+14.1%
+12.4%
Fixed assets
2,660
2,623
2,442
+1.4%
+8.9%
Goodwill
2,046
2,021
1,926
+1.2%
+6.2%
Intangible assets
1,416
151
146
+837.7%
+869.9%
Investments
1,132
901
1,495
+25.6%
-24.3%
Cash and equivalents
535
485
648
+10.3%
-17.4%
Receivables
117
115
86.0
+1.7%
+36.0%
Inventory
434
459
389
-5.4%
+11.6%
Other assets
4,067
4,116
3,902
-1.2%
+4.2%
Total assets
12,407
10,871
11,034
+14.1%
+12.4%
Questions
What was Yum China Holdings' revenue in Q3 FY2026?
Yum China Holdings (YUMC) reported revenue of $3.5 billion for Q3 FY2026, the quarter ended 30 September 2026, up 8.5% on the same quarter a year earlier.
How much did Yum China Holdings earn in Q3 FY2026?
Net income for Q3 FY2026 was $311 million, up 10.3% on the year, and diluted earnings per share $0.91.
When did Yum China Holdings report Q3 FY2026 results?
Yum China Holdings filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.