Yum! Brands (YUM) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and Yum! Brands published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Yum! Brands reports EPS two ways: GAAP, under the accounting rules every US filer follows, and excluding Special Items, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Yum! Brands sold Pizza Hut in mainland China to Yum China on August 7, 2026 and Pizza Hut outside mainland China to LongRange Capital on September 1, 2026. Q3 2026 includes Pizza Hut only up to those dates; Q3 2025 includes it for the full quarter.
• From September 1, 2026 Yum! Brands reports three segments (KFC, Taco Bell, Habit Burger & Grill). Prior-period G&A allocations between KFC Division and Corporate and Unallocated were restated. Q3 2025 also had a negative $4 million Corporate and Unallocated revenue line, which is not shown in the division table.

Source: Yum! Brands Q3 2026 results, November 3, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Yum! Brands splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Yum! Brands's KFC Division revenue was $948 million in Q3 2026, up 8% from $879 million in Q3 2025, 46% of total revenue.
• Yum! Brands's Taco Bell Division revenue was $770 million in Q3 2026, up 5% from $730 million in Q3 2025, 37% of total revenue.
• Yum! Brands's Pizza Hut Division revenue was $202 million in Q3 2026, down 16% from $240 million in Q3 2025, 10% of total revenue.
• Yum! Brands's Habit Burger & Grill Division revenue was $134 million in Q3 2026, flat on $134 million in Q3 2025, 7% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Yum! Brands gives no quarterly or annual revenue or EPS outlook in its release. It restates the long-term targets below.

In its Q3 2026 release, Yum! Brands said:

“The Company targets the following long-term financial performance metrics, first announced in 2022, that it believes it can achieve over an extended period of time, on average:”

“5% Unit Growth”

“7% System Sales Growth, excluding F/X; and”

“At least 8% Core Operating Profit Growth”

Source: Yum! Brands Q3 2026 release, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the YUM forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and diluted EPS, each as first reported in that quarter's release. Q2 and Q3 2026 GAAP EPS include gains and tax items tied to the Pizza Hut sale.

Yum! Brands's next report is scheduled for February 3, 2027. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 3, 2026

Yum! Brands had total revenues of $2,054 million in Q3 2026, against $1,979 million a year earlier. They come in three lines: Company sales of $784 million, Franchise and property revenues of $854 million, and Franchise contributions for advertising and other services of $415 million. By division, KFC brought in $948 million, Taco Bell $770 million, Pizza Hut $202 million and Habit Burger & Grill $134 million. (Yum! Brands Q3 2026 release, Nov 3, 2026)

Yum! Brands books only a slice of what its restaurants sell, because almost all of them are run by franchisees. At the end of 2025 it had 63,285 units, 72% of them outside the U.S. and 97% franchised, with 2025 system sales of $68,295 million. In Q3 2026 KFC Division system sales were $10,046 million, while its Franchise and property revenues were $497 million. Yum China, the largest franchisee, pays a continuing fee of 3% on system sales of Yum's brands in mainland China. (Yum! Brands Form 10-K, 2025, Feb 20, 2026; Yum! Brands Q3 2026 release, Nov 3, 2026)

Yum! Brands completed the sale of Pizza Hut during the quarter: mainland China to Yum China on August 7 for $1.2 billion, and the rest of the brand to LongRange Capital on September 1 for $1.2 billion of net proceeds. With only part of a quarter included, Pizza Hut Division revenue fell to $202 million from $240 million. (Yum! Brands Q3 2026 release, Nov 3, 2026)

Yum! Brands' Taco Bell U.S. business had a weak quarter: system sales declined 3% and same-store sales declined 4%. The 10-Q attributes this to an industry-wide food safety issue, and the release's risk factors name the July 2026 cyclospora outbreak. Yum says same-store sales growth for the four weeks ended October 30, 2026 was approximately 3%. Taco Bell Division revenue still rose to $770 million, because Company sales grew to $354 million from $298 million. (Yum! Brands Q3 2026 release, Nov 3, 2026; Yum! Brands Form 10-Q, Q3 2026, Nov 6, 2026)

Yum! Brands' KFC Division grew units 7% to 35,421 and opened 878 gross new restaurants across 66 countries. Its system sales rose 6% excluding foreign currency, with same-store sales up 1%. China is KFC's largest market at 26% of system sales, and KFC United States system sales fell 6%. Yum's China franchise revenues across all brands were $90 million in the quarter. (Yum! Brands Q3 2026 release, Nov 3, 2026; Yum! Brands Form 10-Q, Q3 2026, Nov 6, 2026)

Yum! Brands' GAAP diluted EPS of $5.92 was almost four times its EPS excluding Special Items of $1.56. Special Items added $4.36 per share, mainly the $1,683 million pre-tax gain on the Pizza Hut divestitures, less $466 million of tax expense recorded on the sales and $26 million of charges for the Pizza Hut strategic options review. GAAP net income was $1,623 million, against $397 million a year earlier. (Yum! Brands Q3 2026 release, Nov 3, 2026)

EPS excluding Special Items fell 1% from $1.58. Core Operating Profit was $654 million against $684 million, and excluding Pizza Hut from both years it grew 1%. The effective tax rate excluding Special Items was 20.9%, against 20.8%, and net interest expense was $120 million. (Yum! Brands Q3 2026 release, Nov 3, 2026)

Yum! Brands' diluted share count fell to 274 million from 281 million. In the first nine months of 2026 it repurchased 8,070 thousand shares for $1,213 million, and in June 2026 the board authorized up to $4 billion of repurchases, with $3,846 million remaining at September 30. The quarterly dividend declared was $0.75 per share, up from $0.71. (Yum! Brands Q3 2026 release, Nov 3, 2026; Yum! Brands Form 10-Q, Q3 2026, Nov 6, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Yum! Brands does not give a quarterly or full-year revenue or EPS outlook in its release. It restates a long-term growth algorithm first announced in 2022: 5% unit growth, 7% system sales growth excluding foreign currency, and at least 8% Core Operating Profit growth. Yum says it cannot forecast Special Items or currency effects, so it gives no GAAP operating profit estimate. (Yum! Brands Q3 2026 release, Nov 3, 2026)

The 10-Q adds one near-term figure: given current sales trends, Yum! Brands expects Taco Bell Division Company restaurant margins for the quarter ended December 31, 2026 in the range of 21.5% to 23.5%, after 20.2% in Q3 2026. (Yum! Brands Form 10-Q, Q3 2026, Nov 6, 2026; Yum! Brands Q3 2026 release, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover Yum! Brands, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Yum! Brands's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning YUM is on is YUM a buy or a sell?, what analysts expect next is on the YUM forecast, and what the company does is on the Yum! Brands (YUM) stock page.

Every number on this page can be traced to a document Yum! Brands published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.