Earnings Per Common Share ("EPS") (Tables)

6 Months Ended

Jun. 30, 2026

The following table summarizes the components of basic and diluted EPS (in millions, except per share data):


	Quarter Ended				Year to Date Ended
	6/30/2026		6/30/2025		6/30/2026		6/30/2025
Net Income – Yum China Holdings, Inc.	$	244	$	215	$	553	$	507
Weighted-average common shares outstanding (for basic calculation)(a)		348		373		350		374
Effect of dilutive share-based awards(a)		1		1		1		2
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)(a)		349		374		351		376
Basic Earnings Per Common Share	$	0.70	$	0.58	$	1.58	$	1.36
Diluted Earnings Per Common Share	$	0.70	$	0.58	$	1.57	$	1.35
Share-based awards excluded from the diluted EPS computation(b)		3		3		3		3

(a)

As a result of the separation, shares of Yum China common stock were distributed to YUM’s shareholders of record as of October 19, 2016 and were included in the calculated weighted-average common shares outstanding. Holders of outstanding YUM equity awards generally received both adjusted YUM awards and Yum China awards, or adjusted awards of either YUM or Yum China in their entirety. Any subsequent exercise of these awards, whether held by the Company’s employees or YUM’s employees, would increase the number of common shares outstanding. The incremental shares arising from outstanding equity awards are included in the computation of diluted EPS, if there is dilutive effect.

(b)

These outstanding stock appreciation rights (“SARs”), restricted stock units (“RSUs”) and performance stock units (“PSUs”) were excluded from the computation of diluted EPS because to do so would have been antidilutive for the periods presented, or because certain awards are contingently issuable based on the achievement of performance and market conditions, which have not been met as of June 30, 2026 and 2025.