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Yelp Inc. (YELP)

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Yelp Inc. (YELP) reported revenue of $376 million for Q2 FY2026, the quarter ended 30 June 2026, up 1.4% on the same quarter a year earlier. Net income was $32 million, down 28.2% on the year, and diluted earnings per share $0.57. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$376 millionup 1.4%
Net income$32 milliondown 28.2%
Diluted EPS$0.57
QuarterQ2 FY2026ended 30 June 2026

Yelp (YELP) in brief

Yelp (YELP) reported revenue of $1.5 billion for fiscal 2025, the year ended 31 December 2025, up 3.7% on the year before.
Read moreNet income was $146 million and diluted earnings per share $2.24. Revenue was $1.4 billion in fiscal 2024, $1.3 billion in fiscal 2023, $1.2 billion in fiscal 2022 and $1.0 billion in fiscal 2021. Net income in the same years was $133 million, $99 million, $36 million and $40 million. Over the twelve months to 30 June 2026, Yelp reported revenue of $1.5 billion and net income of $127 million. Revenue grew 10.9% a year, compounded, over the five years to fiscal 2025. Yelp had 55 million shares outstanding at the latest filed count. At 30 June 2026 it carried $100 million of debt and $94 million of cash. At the close of 9 October 2026 the market cap of Yelp was $1.0 billion, 8.9 times its earnings over the last twelve months.

Ratios

From the filings

ROE19.6%
ROCE23.2%
Operating margin11.7%
Net margin8.6%
FCF margin20.2%
Interest covern/a
Debt to equity0.16
Cash conversion2.76
Share count, 1 year-13.9%
Sales CAGR, 3 years7.1%
Profit CAGR, 3 years58.8%
EPS, TTM$2.09

At the close of 9 October 2026

Price$18.57
Market cap$1.0 billion
Stock P/E8.89
Price to book1.58
EV / EBITDA4.42
Dividend yieldn/a
Market cap / sales0.69
52-week high$33.83
52-week low$17.61
Price, 1 year-40.4%
Price CAGR, 3 years-24.3%
Price CAGR, 5 years-13.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Yelp Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
YELPgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on YELP

Filings17 in twelve months: 9 current reports (8-K), about 4 results of operations; 2 officer or director change; 1 shareholder vote; 1 other events; 1 material agreement
Planned insider sales55 Form 144 notices in twelve months, $17.6 million; latest 1 October 2026
Options tapeput/call 0.6 by open interest at the 9 October 2026 close; the straddle prices a 4.7% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 6 Schedule 13D or 13G filings in twelve months
Insider trading57 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest11.2 million shares short, 7.03 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue345342333357360362359370376360361376
Cost of revenue28.429.627.430.732.433.334.835.436.336.038.441.8
Gross profit317313305326328329324335340324323334
Gross margin92%91%92%91%91%91%90%90%90%90%89%89%
Operating income41.925.011.239.746.753.429.553.352.948.927.343.7
Operating margin12%7%3%11%13%15%8%14%14%14%8%12%
Interest expensen/an/an/an/an/an/an/a0.1n/an/an/a1.6
Pre-tax income48.033.818.950.153.960.135.259.058.251.629.944.5
Tax rate-21%19%25%24%29%30%31%25%32%27%41%29%
Net income58.227.414.238.038.442.224.444.139.337.817.731.7
Net margin17%8%4%11%11%12%7%12%10%10%5%8%
Diluted EPS$0.79$0.37$0.20$0.54$0.56$0.62$0.36$0.67$0.61$0.61$0.30$0.57
Operating cash flow10579.272.939.710271.098.058.013284.557.875.8
Capital expenditure5.76.07.09.69.811.010.513.012.612.212.714.7
Free cash flow99.273.265.930.192.560.087.545.011972.345.261.1
Buybacks50.050.062.560.265.762.862.566.075.087.512450.0
Shares outstanding69m69m68m68m67m66m65m64m62m60m56m55m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue3785507168519431,0148731,0321,1941,3371,4121,4651,473
Cost of revenue24.451.060.470.557.962.457.278.1106114124143153
Gross profit3534996567808859528169541,0881,2231,2881,3221,320
Gross margin93.5%90.7%91.6%91.7%93.9%93.8%93.4%92.4%91.1%91.5%91.2%90.3%89.6%
Research and development65.2105133171206226230265294321310298n/a
Operating income11.1-21.3-2.017925.935.5-38.831.558.479.0151185173
Operating margin2.9%-3.9%-0.3%21.1%2.7%3.5%-4.4%3.1%4.9%5.9%10.7%12.6%11.7%
Pre-tax income11.3-20.9-0.318440.049.8-35.133.766.8105183204184
Income tax-25.212.01.431.5-15.38.9-15.7-6.030.45.950.158.457.7
Effective tax rate-223.3%n/an/a17.1%-38.4%17.9%n/a-17.7%45.6%5.6%27.4%28.6%31.3%
Net income36.5-32.9-1.715355.440.9-19.439.736.399.2133146127
Net margin9.7%-6.0%-0.2%18.0%5.9%4.0%-2.2%3.8%3.0%7.4%9.4%9.9%8.6%
Diluted EPS$0.48-$0.44-$0.02$1.75$0.62$0.52-$0.27$0.50$0.50$1.35$1.88$2.24$2.09
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Services79387994864.7%
Restaurants, Retail & Other48347044430.3%
Other60.563.073.75.0%
ServicesRestaurants, Retail & OtherOther
1,337FY20231,412FY20241,465FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States1,3271,4021,45599.3%
All other countries9.810.59.70.7%
United StatesAll other countries
1,337FY20231,412FY20241,465FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow57.957.4127168160205177213192306286372350
Capital expenditure29.131.123.030.245.037.532.028.332.026.837.348.452.2
Free cash flow28.926.2104137115167145184160279248324297
Free cash flow margin7.6%4.8%14.5%16.1%12.2%16.5%16.6%17.9%13.4%20.9%17.6%22.1%20.2%
Cash from investingn/a-159-54.781.1-164124248-27.6-126-54.7-77.3-45.7-202
Cash from financingn/a26.429.527.2-208-492-21.1-300-238-247-304-330-251
Depreciation and amortisation17.629.635.341.242.849.450.655.744.942.240.450.159.7
Share-based compensation42.360.886.3100114122125152156173158134118
Buybacks1.30.50.012.618748124.4263200200251291336
Diluted shares, weighted77m75m77m87m89m78m73m79m73m74m71m65m56m
Shares outstanding at period end73m76m79m84m82m71m75m72m70m69m66m60m55m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity5887008161,1091,076755855751710750744711645
Debt7.512.017.6n/an/an/an/an/a0.00.00.00.0100
Operating lease liabilitiesn/an/an/an/a0.017514912886.748.122.517.516.0
Other liabilities34.043.851.4117100141151171219217217230230
Total liabilities and equity6307558851,2261,1761,0711,1551,0511,0161,015984958991
Owned
Fixed assets62.880.592.410411511110283.977.268.775.791.799.2
Goodwill67.3172171108106105109105102104131136355
Intangible assets5.839.332.616.913.410.113.510.79.07.658.849.092.1
Investments1571992072984232950.00.094.21271011030.0
Cash and equivalents24717227254833317059648030631421721694.1
Receivables35.652.868.776.287.310788.4107132146155153158
Other assets53.839.941.274.798.6272246264295247245209193
Total assets6307558851,2261,1761,0711,1551,0511,0161,015984958991
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded10.3%10.9%7.1%1.5%
Profit growth, compoundedn/an/a58.8%-15.2%
Return on equity, average8.4%12.4%17.2%20.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Yelp's revenue in fiscal 2025?

Yelp (YELP) reported revenue of $1.5 billion for fiscal 2025, the year ended 31 December 2025, up 3.7% on the year before.

How much did Yelp earn in fiscal 2025?

Net income was $146 million for fiscal 2025, and diluted earnings per share $2.24.

What is Yelp's P/E ratio?

At the close of 9 October 2026, Yelp traded at 8.9 times its earnings over the twelve months to 30 June 2026.

What is Yelp's market cap?

The market cap of Yelp was $1.0 billion at the close of 9 October 2026.

How much debt does Yelp have?

At 30 June 2026 Yelp carried $100 million of debt and $94 million of cash.

Peers: Personal Services

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Service Corp. International SCI$10.5 billion20.0835.0%22.4%2.9%3.451.7%
H&R Block Inc. HRB$5.4 billion7.70624.4%23.0%4.9%12.693.8%
Unifirst Corp. UNF$4.8 billion41.145.3%5.8%1.4%0.00n/a
Covista Inc. CVSA$4.4 billion18.3817.4%19.6%9.3%0.460.0%
Grand Canyon Education, Inc. LOPE$4.2 billion19.3333.5%24.5%7.0%0.00n/a
Avis Budget Group, Inc. CAR$3.7 billionn/an/a-4.6%0.4%n/a9.5%
Stride, Inc. LRN$3.5 billion11.8720.7%17.9%4.7%0.26n/a
Bright Horizons Family Solutions Inc. BFAM$3.4 billion22.0018.6%10.3%8.5%1.14n/a
Perdoceo Education Corp. PRDO$2.1 billion12.3117.1%24.6%11.7%0.001.7%
Strategic Education, Inc. STRA$1.8 billion13.738.2%14.0%3.5%0.002.9%
Universal Technical Institute Inc. UTI$1.1 billion33.2810.0%5.0%9.1%0.460.0%
Yelp Inc. YELP$1.0 billion8.8919.6%11.7%1.5%0.16n/a
All 15 in Personal Services
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Service Corp. International SCI$10.5 billion20.0835.0%22.4%2.9%3.451.7%
Ryder System Inc. R$9.1 billion19.4117.2%n/a1.1%1.911.4%
Laureate Education, Inc. LAUR$5.4 billion17.9528.2%24.4%17.9%0.14n/a
H&R Block Inc. HRB$5.4 billion7.70624.4%23.0%4.9%12.693.8%
Graham Holdings Co. GHC$5.1 billion9.4611.4%5.1%4.8%0.190.6%
Unifirst Corp. UNF$4.8 billion41.145.3%5.8%1.4%0.00n/a
Covista Inc. CVSA$4.4 billion18.3817.4%19.6%9.3%0.460.0%
Grand Canyon Education, Inc. LOPE$4.2 billion19.3333.5%24.5%7.0%0.00n/a
Avis Budget Group, Inc. CAR$3.7 billionn/an/a-4.6%0.4%n/a9.5%
Stride, Inc. LRN$3.5 billion11.8720.7%17.9%4.7%0.26n/a
Bright Horizons Family Solutions Inc. BFAM$3.4 billion22.0018.6%10.3%8.5%1.14n/a
Perdoceo Education Corp. PRDO$2.1 billion12.3117.1%24.6%11.7%0.001.7%
Strategic Education, Inc. STRA$1.8 billion13.738.2%14.0%3.5%0.002.9%
Universal Technical Institute Inc. UTI$1.1 billion33.2810.0%5.0%9.1%0.460.0%
Yelp Inc. YELP$1.0 billion8.8919.6%11.7%1.5%0.16n/a
3 companies share its SEC industry code (Services-Personal Services); the rest are the names nearest in size in its wider industry, Personal Services, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 20259 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR
10-Q31 March 202410 May 2024EDGAR

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