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YUM · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 12.2% y/y to $2.17B, operating margin 30.2% vs 32.2%, net income $853M (+128.1% y/y).
Net Income
$853M
up 128% y/y
Total revenues
$2,169M
up 12.2% y/y
Operating Profit
$655M
up 5.3% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Company sales | $837 · +25.1% |
| Franchise and property revenues | $895 · +7.2% |
| Franchise contributions for advertising and other services | $438 · +2.3% |
| Total revenues | $2,169 · +12.2% |
| Company restaurant expenses | $700 · +25.0% |
| General and administrative expenses | $324 · +7.3% |
| Franchise and property expenses | $41 · +5.1% |
| Franchise advertising and other services expense | $444 · +3.7% |
| Refranchising (gain) loss | $1 · −90.9% |
| Other (income) expense | $6 · vs −$7 |
| Operating Profit | $655 · +5.3% · 30.2% margin |
| Investment (income) expense, net | $6 · vs $0 |
| Interest expense, net | $128 · +4.1% |
| Income before income taxes | $533 · +6.8% |
| Income Tax Benefit | $320 |
| Net Income | $853 · +128% · $3.08/sh · 39.3% margin |
Verdict: revenue grew 12.2% y/y to $2.17B, operating margin 30.2% vs 32.2%, net income $853M (+128.1% y/y).
Second-quarter GAAP EPS was $3.08, and EPS excluding Special Items was $1.62.
Source and notation
Source: Yum! Brands press release, 8-K EX-99.1 of 07/30/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
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<figure> <a href="https://whoreportstoday.com/t/yum/q2-2026"><img src="https://whoreportstoday.com/t/yum/q2-2026/sankey.png" alt="YUM Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/yum/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/yum/q2-2026">YUM Q2 2026 earnings chart (Who Reports Today)</a>
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- Taco Bell same-store sales growth was 7%, and KFC unit growth was 7%.
- Operating income was $655M, a 30.2% margin vs 32.2% a year earlier.
- Diluted EPS was $3.08 vs $1.33 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
YUM — a restaurant company that owns the KFC, Taco Bell, Pizza Hut and Habit Burger & Grill brands.
97% of its restaurants are run by franchisees and licensees, so it earns mainly franchise fees plus sales of its own outlets. It reports four segments, one per brand: the KFC, Taco Bell, Pizza Hut and Habit Burger & Grill divisions. · Source: annual report (Form 10-K, SEC)
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