We present a new way to formulate the quantum yields of formaldehyde with several advantages. The formulation is simpler and has fewer parameters than those used so far, and the parameters have a physical meaning. It provides a template for the formulation of other quantum yields, e.g., of the isotopologues of formaldehyde. In addition, we offer a careful review of published measurements. It is also advantageous that the formulation can easily be modified to include temperature effects.