Yum! Brands, Inc.
yum.comWhat Do They Do?
Franchises and operates restaurants serving chicken, Mexican-style food and other prepared meals to diners worldwide.
10-K for FY2025, filed Feb 20, 2026YUM has over 63,000 restaurants in 155 countries and territories primarily operating under the four concepts of KFC, Taco Bell, Pizza Hut…View ↗
KFC was founded in Corbin, Kentucky, by Colonel Harland D. Sanders, an early developer of the quick service food business and a pioneer of…View ↗
The first Taco Bell restaurant was opened in 1962 by Glen Bell in Downey, California, and in 1964, the first Taco Bell franchise was sold.…View ↗
The first Pizza Hut restaurant was opened in 1958 in Wichita, Kansas, and within a year, the first franchise unit was opened. Today, Pizza…View ↗
The first Habit Burger & Grill restaurant opened in 1969 in Santa Barbara, California. The Habit Burger & Grill restaurant concept is built…View ↗
How Do They Make Money?
KFC is the largest business; across its brands, Yum! earns franchise fees tied to restaurant sales, typically paid monthly as sales happen, plus food sales when diners buy at company-owned restaurants.
10-K for FY2025, filed Feb 20, 2026
$8.2B
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10-K for FY2025, filed Feb 20, 2026
$8.2B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
KFC Global Division
|
43%
FY2022: 41%
|
KFC Global Division, FY2025
$3.5B Sources
|
|
|
Taco Bell Global Division
|
38%
FY2022: 36%
|
Taco Bell Global Division, FY2025
$3.1B Sources
|
|
|
Pizza Hut Global Division
|
12%
FY2022: 15%
|
Pizza Hut Global Division, FY2025
$1B Sources
|
|
|
The Habit Burger Grill Global Division
Sold outright
|
6.9%
FY2022: 8.3%
|
The Habit Burger Grill Global Division, FY2025
$570M Sources
|
Sold outright |
|
PH Strategic Options
|
0.1% |
PH Strategic Options, FY2025
$7M Sources
|
Who Are Their Customers?
Diners buy food at company-owned and franchised restaurants. Franchisees operate under store-level or master franchise agreements and pay ongoing fees tied to restaurant sales.
10-K for FY2025, filed Feb 20, 2026Most restaurants in each Concept offer consumers the ability to dine in, carryout and/or have the Concepts’ food delivered either by…View ↗
The Company currently has approximately 1,500 franchisees with whom we have franchise contracts. The Company utilizes both store-level…View ↗
Continuing fees represent the substantial majority of the consideration we receive under our franchise agreements. Continuing fees are…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 19 cents of every revenue dollar as net income in FY2025 and turned 20 cents into free cash flow.
10-K for FY2025, filed Feb 20, 2026
$2.6BView ↗
10-K for FY2025, filed Feb 20, 2026
$1.6BView ↗
10-K for FY2025, filed Feb 20, 2026
$1.6BView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
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Sep 1, 2026
Completes sale of Pizza Hut outside China
The sale followed Yum China's purchase of Pizza Hut in mainland China, completing the company's two-part sale.
Sources
8-K, filed Sep 1, 2026
On September 1, 2026, the Company completed the previously announced sale to Toppings TopCo, LLC, a Delaware limited liability company…View ↗
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Aug 7, 2026
Completes sale of Pizza Hut China to Yum China
Yum China acquired the Pizza Hut business in mainland China for $1.2 billion.
Sources
8-K, filed Aug 7, 2026
On August 7, 2026, the Company completed the previously announced sale to Yum China of the rights to the Pizza Hut business in the PRC in…View ↗
Growing. Revenue grew 25% in 4 years, from $6.6B in FY2021 to $8.2B in FY2025, about 6% a year.
Restaurant technology
The latest report describes Byte by Yum as a proprietary software platform for restaurant operations and customer ordering, expanding on the older report's broader focus on digital initiatives and off-premise service.
10-K for FY2022, filed Feb 27, 2023 10-K for FY2025, filed Feb 20, 2026We have accelerated our deployment of digital and technology initiatives to enhance the customer experience and our off-premise…View ↗
Digital and technology are at the core of our Recipe for Good Growth. In recent years the Company has focused on building and acquiring a…View ↗
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