How Wat was paid
$19.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Joey WatChief Executive Officer | $1,425,000 | $10,654,832 | $6,156,000 | $1,356,036 | $19,591,868 |
| Adrian DingChief Financial Officer | $587,863 | $1,359,018 | $1,190,423 | $171,091 | $3,308,395 |
| Warton WangGeneral Manager, KFC | $609,224 | $1,864,629 | $1,559,234 | $103,170 | $4,136,257 |
| Jeff KuaiGeneral Manager, Pizza Hut | $544,147 | $1,278,602 | $1,057,823 | $135,636 | $3,016,208 |
| Duoduo (Howard) HuangChief Supply Chain Officer | $459,094 | $905,737 | $826,369 | $87,329 | $2,278,529 |
What changed and why
- Yum China opened more than 1,700 net new stores in 2025, reaching over 18,000 stores total.
- $1.3BOperating profit rose 11% to $1.3 billion with full-year operating profit margin reaching 10.9%.
- 13%Total membership of KFC and Pizza Hut exceeded 590 million, representing a 13% year-over-year increase.
- $1.5BThe company returned $1.5 billion to stockholders through dividends and share repurchases during the year.
- $19.6MCEO total compensation was $19,591,868 in fiscal 2025 compared to $14,222,077 in fiscal 2024.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.