Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 31.28% is in line with its 5-year average of 32.26%, around the middle of its 5-year range (26.56%–36.54%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.47% below its 12-month average of 31.43%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
31.28%
OPERATING MARGIN AVG TTM
31.43%
OPERATING MARGIN AVG 3Y
32.11%
OPERATING MARGIN AVG 5Y
32.26%
OPERATING MARGIN AVG 10Y
32.31%
OPERATING MARGIN AVG 15Y
26.13%
OPERATING MARGIN AVG 20Y
23.04%
CURRENT VS TTM AVG
-0.47%
CURRENT VS 3Y AVG
-2.58%
CURRENT VS 5Y AVG
-3.03%
CURRENT VS 10Y AVG
-3.20%
CURRENT VS 15Y AVG
+19.68%
CURRENT VS 20Y AVG
+35.77%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.61%
median of 87 covered companies
CURRENT VS SECTOR MEDIAN
+194.79%
vs the sector median at left
Yum! Brands, Inc.
Market Cap
$42.25B
Operating Margin
31.28%
TTM Avg
31.43%
3Y Avg
32.11%
5Y Avg
32.26%
Market Cap
$40.01B
Operating Margin
11.64%
TTM Avg
14.77%
3Y Avg
17.54%
5Y Avg
17.35%
Market Cap
$38.09B
Operating Margin
16.34%
TTM Avg
15.56%
3Y Avg
1.05%
5Y Avg
-87.64%
Market Cap
$47.77B
Operating Margin
15.03%
TTM Avg
16.91%
3Y Avg
15.76%
5Y Avg
13.09%
Market Cap
$33.75B
Operating Margin
16.15%
TTM Avg
12.16%
3Y Avg
10.42%
5Y Avg
2.41%
Market Cap
$32.23B
Operating Margin
5.89%
TTM Avg
5.45%
3Y Avg
4.97%
5Y Avg
4.83%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Yum! Brands, Inc. (YUM) | $42.25B | 31.28% | 31.43% | 32.11% | 32.26% |
| D.R. Horton, Inc. (DHI)vs › | $40.01B | 11.64% | 14.77% | 17.54% | 17.35% |
| JD.com, Inc. (JD)vs › | $46.34B | -0.30% | 1.77% | 1.96% | 1.66% |
| Carnival Corporation & plc (CCL)vs › | $38.09B | 16.34% | 15.56% | 1.05% | -87.64% |
| Chipotle Mexican Grill, Inc. (CMG)vs › | $47.77B | 15.03% | 16.91% | 15.76% | 13.09% |
| AutoZone, Inc. (AZO)vs › | $49.24B | 18.02% | 19.77% | 19.82% | 19.94% |
| eBay Inc. (EBAY)vs › | $50.62B | 19.58% | 21.52% | 21.56% | 23.99% |
| Expedia Group, Inc. (EXPE)vs › | $33.75B | 16.15% | 12.16% | 10.42% | 2.41% |
| Casey's General Stores, Inc. (CASY)vs › | $32.23B | 5.89% | 5.45% | 4.97% | 4.83% |
| Las Vegas Sands Corp. (LVS)vs › | $31.67B | 23.35% | 22.78% | 12.38% | -2.35% |
Gross Margin
45.3%
Operating Margin
31.3%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-03-31 | 31.28% |
| 2025-12-31 | 29.36% |
| 2025-09-30 | 33.64% |
| 2025-06-30 | 32.19% |
| 2025-03-31 | 30.67% |
| 2024-12-31 | 27.82% |
| 2024-09-30 | 33.90% |
| 2024-06-30 | 34.43% |
| 2024-03-31 | 32.54% |
| 2023-12-31 | 29.91% |
| 2023-09-30 | 35.89% |
| 2023-06-30 | 33.97% |
| 2023-03-31 | 31.79% |
| 2022-12-31 | 28.63% |
| 2022-09-30 | 33.29% |
| 2022-06-30 | 33.86% |
| 2022-03-31 | 32.90% |
| 2021-12-31 | 26.56% |
| 2021-09-30 | 32.81% |
| 2021-06-30 | 35.39% |
| 2021-03-31 | 36.54% |
| 2020-12-31 | 27.65% |
| 2020-09-30 | 32.53% |
| 2020-06-30 | 25.04% |
| 2020-03-31 | 19.79% |
| 2019-12-31 | 32.23% |
| 2019-09-30 | 35.85% |
| 2019-06-30 | 35.95% |
| 2019-03-31 | 34.53% |
| 2018-12-31 | 47.56% |
| 2018-09-30 | 39.76% |
| 2018-06-30 | 32.82% |
| 2018-03-31 | 40.34% |
| 2017-12-31 | 77.05% |
| 2017-09-30 | 44.78% |
| 2017-06-30 | 28.94% |
| 2017-03-31 | 34.16% |
| 2016-12-31 | -4.45% |
| 2016-09-03 | 26.22% |
| 2016-06-11 | 27.50% |
| 2016-03-19 | 24.19% |
| 2015-12-26 | 11.16% |
| 2015-09-05 | 17.60% |
| 2015-06-13 | 11.95% |
| 2015-03-21 | 19.30% |
| 2014-12-27 | -1.08% |
| 2014-09-06 | 16.40% |
| 2014-06-14 | 14.95% |
| 2014-03-22 | 20.96% |
| 2013-12-28 | 13.66% |
| 2013-09-07 | 10.10% |
| 2013-06-15 | 13.43% |
| 2013-03-23 | 19.21% |
| 2012-12-29 | 12.16% |
| 2012-09-08 | 18.80% |
| 2012-06-16 | 14.93% |
| 2012-03-24 | 23.51% |
| 2011-12-31 | 12.33% |
| 2011-09-03 | 14.91% |
| 2011-06-11 | 14.88% |
| 2011-03-19 | 16.54% |
| 2010-12-25 | 12.35% |
| 2010-09-04 | 19.01% |
| 2010-06-12 | 16.36% |
| 2010-03-20 | 15.52% |
| 2009-12-26 | 11.14% |
| 2009-09-05 | 16.92% |
| 2009-06-30 | 15.91% |
| 2009-03-21 | 15.83% |
| 2008-12-27 | 10.64% |
| 2008-09-06 | 14.50% |
| 2008-06-30 | 11.95% |
| 2008-03-22 | 17.69% |
| 2008-01-28 | 10.12% |
| 2007-09-30 | 15.64% |
| 2007-06-16 | 13.10% |
| 2007-03-31 | 14.22% |
| 2006-12-31 | 10.91% |
| 2006-09-09 | 15.10% |
| 2006-06-30 | 14.07% |
| 2006-03-31 | 13.53% |
| 2005-12-31 | 10.11% |
| 2005-09-03 | 13.73% |
| 2005-06-11 | 12.12% |
| 2005-03-19 | 12.22% |
| 2004-12-25 | 12.42% |
| 2004-09-04 | 13.35% |
| 2004-06-12 | 13.24% |
| 2004-03-20 | 12.34% |
| 2003-12-27 | 13.31% |
| 2003-10-06 | 13.52% |
| 2003-06-14 | 11.36% |
| 2003-03-22 | 12.04% |
| 2002-12-28 | 11.38% |
| 2002-09-07 | 13.47% |
| 2002-06-15 | 13.64% |
