YUMC Yum China Holdings margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 57

Gross margin

17.6%

Operating margin

11.1%

EBITDA margin

18%

Net margin

7.8%

Based on the latest figures, Yum China Holdings reports a gross margin of 17.6%, an operating margin of 11.1%, an EBITDA margin of 18%, and a net margin of 7.8%. Operating margin led the available margin improvements with a 0.4 percentage-point increase, while EBITDA margin fell by 0.8 percentage points.

YUMC margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Yum China Holdings recorded average margins of 17.27% gross, 10.45% operating, 18.46% EBITDA, and 7.83% net. Right now, gross and operating margins are above their three-year averages, while EBITDA and net margins are below their three-year averages.

YUMC margin expansion

Year-over-year margin changes in percentage points

The strongest improvement was in operating margin, which increased by 0.4 percentage points, and gross margin also expanded by 0.2 percentage points, whereas EBITDA margin contracted by 0.8 percentage points and net margin by 0.2 percentage points.

Gross margin expansion

0.2pp

Operating margin expansion

0.4pp

EBITDA margin expansion

-0.8pp

Net margin expansion

-0.2pp

YUMC Gross margin

Over the last 3 years, the average gross margin for Yum China Holdings was 17.27%. The latest gross margin for Yum China Holdings is 17.6%, 0.3 percentage points above its three-year average. Yum China Holdings's gross margin ranged from a low of 16.8% in Jun 2024 to a high of 17.6% in Jun 2026.

YUMC Operating margin

Across the last 3 years, Yum China Holdings recorded an average operating margin of 10.45%. Yum China Holdings's current operating margin is 11.1% and is 0.7 percentage points above its three-year average. The highest operating margin for Yum China Holdings was 11.1% in Jun 2026, while the lowest was 9.7% in Mar 2024.

YUMC EBITDA margin

Yum China Holdings's EBITDA margin averaged 18.46% over the last 3 years. Yum China Holdings currently reports an EBITDA margin of 18%, 0.5 percentage points below its three-year average. Over the last 3 years, Yum China Holdings's EBITDA margin peaked at 19% in Mar 2025 and reached a low of 18% in Jun 2026.

YUMC Net margin

Over the last 3 years, the average net margin for Yum China Holdings was 7.83%. The current net margin of 7.8% is 0 percentage points below its three-year average. Yum China Holdings's net margin ranged from a low of 7.5% in Dec 2023 to a high of 8.1% in Mar 2025.

YUMC margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 17.6%, YUMC stands lower than the Consumer Cyclical sector and the industry average. Looking at the Consumer Cyclical sector average of 36.2%, Yum China Holdings's gross margin is 51% lower.

YUMC margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Yum China Holdings's gross margin?

For the period ending Jun 30, 2026, YUMC recorded a gross margin of 17.6%.

What is Yum China Holdings's operating margin?

As of Jun 30, 2026, YUMC has an operating margin of 11.1%.

What is Yum China Holdings's EBITDA margin?

The current EBITDA margin for YUMC is 18% as of Jun 30, 2026.

What is Yum China Holdings's net margin?

The current net margin for YUMC is 7.8% as of Jun 30, 2026.

What are the average margins of YUMC?

Over the past 3 years, YUMC reported average margins of 17.3% gross, 10.5% operating, 18.5% EBITDA, and 7.8% net.

What are the highest historical margins of YUMC?

Over the last 5 years, Yum China Holdings's highest margins were 17.9% gross in Jun 2023, 14.1% operating in Dec 2021, 23.3% EBITDA in Dec 2021, and 10% net in Dec 2021.

What are the lowest historical margins of YUMC?

Across the 5-year period, YUMC posted its lowest margins at 9.4% gross in Sep 2022, 6.6% operating in Dec 2022, 17.6% EBITDA in Dec 2022, and 4.6% net in Dec 2022.