Yum Brands reported net income of approximately $1.6 billion for fiscal year 2024, consistent with recent years. The company's asset-light franchise model generates high, predictable earnings relative to revenue, with operating margins well above typical restaurant operators. Share buybacks have further lifted earnings per share even as net income has remained broadly flat since 2019.
Annual Earnings Of Yum Brands
| Year |
Net Income (USD) |
YoY Change |
| 2015 | $1.3B | — |
| 2016 | $1.6B | +23.1% |
| 2017 | $1.3B | −18.8% |
| 2018 | $1.5B | +15.4% |
| 2019 | $1.3B | −13.3% |
| 2020 | $0.9B | −30.8% |
| 2021 | $1.5B | +66.7% |
| 2022 | $1.3B | −13.3% |
| 2023 | $1.6B | +23.1% |
| 2024 | $1.6B | Flat |
Yum Brands P/E Ratio
| Year |
P/E Ratio |
YoY Change |
| 2015 | 26.2x | — |
| 2016 | 19.9x | −24.0% |
| 2017 | 23.4x | +17.6% |
| 2018 | 19.7x | −15.8% |
| 2019 | 29.5x | +49.7% |
| 2020 | 35.8x | +21.4% |
| 2021 | 25.9x | −27.7% |
| 2022 | 24.2x | −6.6% |
| 2023 | 21.6x | −10.7% |
| 2024 | 21.9x | +1.4% |
