Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.08B | $7.77B | $8.41B | $8.78B | $8.26B | $9.85B | $9.57B | $11.0B | $11.3B | $11.8B |
| Revenue growth | — | 9.8% | 8.3% | 4.3% | -5.8% | 19.2% | -2.9% | 14.7% | 3.0% | 4.4% |
| Operating income | $634M | $778M | $941M | $901M | $961M | $1.39B | $629M | $1.11B | $1.16B | $1.29B |
| Operating margin | 9.0% | 10.0% | 11.2% | 10.3% | 11.6% | 14.1% | 6.6% | 10.1% | 10.3% | 10.9% |
| Net income | $498M | $398M | $708M | $713M | $784M | $990M | $442M | $827M | $911M | $929M |
| Net margin | 7.0% | 5.1% | 8.4% | 8.1% | 9.5% | 10.0% | 4.6% | 7.5% | 8.1% | 7.9% |
| EPS (diluted) | $1.35 | $1.00 | $1.79 | $1.84 | $1.95 | $2.28 | $1.04 | $1.97 | $2.33 | $2.51 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $866M | $884M | $1.33B | $1.19B | $1.11B | $1.13B | $1.41B | $1.47B | $1.42B | $1.47B |
| Capital expenditures | $436M | $415M | $470M | $435M | $419M | $689M | $679M | $710M | $705M | $626M |
| Free cash flow | $430M | $469M | $863M | $750M | $695M | $442M | $734M | $763M | $714M | $840M |
| Share buybacks | — | $128M | $307M | $265M | $8.00M | $75.0M | $466M | $613M | $1.25B | $1.14B |
| Dividends paid | — | $38.0M | $161M | $181M | $95.0M | $203M | $202M | $216M | $248M | $353M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $885M | $1.06B | $1.27B | $1.05B | $1.16B | $1.14B | $1.13B | $1.13B | $723M | $506M |
| Total assets | $3.73B | $4.29B | $4.61B | $6.95B | $10.9B | $13.2B | $11.8B | $12.0B | $11.1B | $10.8B |
| Total liabilities | $1.28B | $1.44B | $1.63B | $3.77B | $4.40B | $5.30B | $4.67B | $4.91B | $4.69B | $4.68B |
| Shareholders' equity | $2.38B | $2.77B | $2.87B | $3.08B | $6.21B | $7.06B | $6.48B | $6.41B | $5.73B | $5.38B |
| Retained earnings | $40.0M | $397M | $944M | $1.42B | $2.10B | $2.89B | $2.19B | $2.31B | $2.09B | $1.76B |
| Shares (wtd avg diluted) | 369M | 398M | 395M | 388M | 402M | 434M | 425M | 420M | 390M | 371M |
Every figure is extracted from Yum China Holdings, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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