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YELP logoYelp Inc.(YELP)Earnings, Financials & Key Ratios

YELP•NYSE
$28.31
$1.76B mkt cap·12.6× P/E·Price updated May 6, 2026
SectorCommunication ServicesIndustryInternet ServicesSub-IndustryOn-Demand Delivery and Local Services
AboutYelp Inc. operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services. It provides free and paid advertising products to businesses, which include cost-per-click search advertising and multi-location Ad products, as well as enables businesses to deliver targeted search advertising to local audiences; and business listing page products. The company also offers other services comprising Yelp Reservations that provide online reservations for restaurants, nightlife, and other venues directly from their Yelp business pages; Yelp Waitlist, a subscription-based waitlist management solution that allows consumers to check wait times and join waitlists remotely, as well as businesses to manage seating and server rotation; Yelp Knowledge program that offers business owners local analytics and insights through access to its historical data and other proprietary content; and Yelp Fusion, which offers free and paid access to content and data for consumer-facing enterprise use through publicly available APIs. In addition, it provides content licensing, as well as allows third-party data providers to update and manage business listing information on behalf of businesses. Further, the company offers its products directly through its sales force; indirectly through partners; and online through its website, as well as non-advertising partner arrangements. It has strategic partnership with Grubhub for providing consumers with a service to place food orders for pickup and delivery. Yelp Inc. was incorporated in 2004 and is headquartered in San Francisco, California.Show more
  • Revenue$1.46B+3.7%
  • EBITDA$246M+18.9%
  • Net Income$146M+9.6%
  • EPS (Diluted)2.24+19.1%
  • Gross Margin90.27%-1.1%
  • EBITDA Margin16.76%+14.6%
  • Operating Margin12.63%+18.1%
  • Net Margin9.94%+5.6%
  • ROE20.02%+12.5%
  • ROIC25.08%+20.9%
  • Debt/Equity0.06+2.7%
Technical→

YELP Key Insights

Yelp Inc. (YELP) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓FCF machine: 22.0% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 10.9%
  • ✓Good 3Y average ROE of 17.1%
  • ✓Share count reduced 7.8% through buybacks

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

YELP Price & Volume

Yelp Inc. (YELP) stock price & volume — 10-year historical chart

Loading chart...

YELP Growth Metrics

Yelp Inc. (YELP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years10.3%
5 Years10.91%
3 Years7.07%
TTM3.75%

Profit CAGR

10 Years-
5 Years-
3 Years58.82%
TTM9.6%

EPS CAGR

10 Years-
5 Years-
3 Years64.85%
TTM16.67%

Return on Capital

10 Years8.01%
5 Years12.12%
3 Years16.83%
Last Year22.92%

YELP Recent Earnings

Yelp Inc. (YELP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)
Q1 2026Latest
Feb 12, 2026
EPS
$0.61
Est $0.47
+29.8%
Revenue
$360M
Est $359M
+0.2%
Q4 2025
Nov 6, 2025
EPS
$0.61
Est $0.47
+29.8%
Revenue
$376M
Est $359M
+4.8%
Q3 2025
Aug 7, 2025
EPS
$0.67
Est $0.48
+39.6%
Revenue
$370M
Est $366M
+1.2%
Q2 2025
May 8, 2025
EPS
$0.36
Est $0.31
+16.1%
Revenue
$359M
Est $372M
-3.7%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 12, 2026
$0.61vs $0.47+29.8%
$360Mvs $359M+0.2%
Q4 2025Nov 6, 2025
$0.61vs $0.47+29.8%
$376Mvs $359M+4.8%
Q3 2025Aug 7, 2025
$0.67vs $0.48+39.6%
$370Mvs $366M+1.2%
Q2 2025May 8, 2025
$0.36vs $0.31+16.1%
$359Mvs $372M-3.7%
Based on last 12 quarters of dataView full earnings history →

YELP Peer Comparison

Yelp Inc. (YELP) competitors in On-Demand Delivery and Local Services — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ANGI logoANGIAngi Inc.Direct Competitor297.18M7.417.88-13.04%1.93%2.06%15.3%0.54
IAC logoIACIAC InterActive Corp.Direct Competitor3.1B41.36-31.10-37.14%1.82%0.85%1.45%0.30
TRIP logoTRIPTripadvisor, Inc.Direct Competitor1.29B11.2836.393.05%2.12%6.2%12.62%1.92
GOOGL logoGOOGLAlphabet Inc.Direct Competitor4.7T388.4735.9415.13%37.91%38.98%1.56%0.14
OPEN logoOPENOpendoor Technologies Inc.Product Competitor4.99B5.23-3.08-15.18%-29.74%-129.35%20.79%0.19
REZI logoREZIResideo Technologies, Inc.Product Competitor6.05B40.34-10.7010.52%-7.05%-18.07%1.09
DASH logoDASHDoorDash, Inc.Product Competitor71.59B166.147827.93%6.83%9.08%3.04%0.33
UBER logoUBERUber Technologies, Inc.Product Competitor151.58B72.9515.4918.28%19.33%35.8%6.44%0.48

Compare YELP vs Peers

Yelp Inc. (YELP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ANGI

Most directly comparable listed peer for YELP.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare YELP against a more recognizable public peer.

Peer Set

Compare Top 5

vs ANGI, IAC, TRIP, GOOGL

YELP Income Statement

Yelp Inc. (YELP) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue846.81M942.77M1.01B872.93M1.03B1.19B1.34B1.41B1.46B
Revenue Growth %18.76%11.33%7.58%-13.93%18.2%15.67%12.03%5.61%3.75%
Cost of Goods Sold70.52M57.87M62.41M57.19M78.1M105.7M114.23M123.68M142.6M
COGS % of Revenue8.33%6.14%6.15%6.55%7.57%8.86%8.54%8.76%9.73%
Gross Profit
776.29M▲ 0%
884.9M▲ 14.0%
951.78M▲ 7.6%
815.75M▼ 14.3%
953.74M▲ 16.9%
1.09B▲ 14.1%
1.22B▲ 12.4%
1.29B▲ 5.4%
1.32B▲ 2.6%
Gross Margin %91.67%93.86%93.85%93.45%92.43%91.14%91.46%91.24%90.27%
Gross Profit Growth %18.93%13.99%7.56%-14.29%16.92%14.06%12.41%5.36%2.64%
Operating Expenses761.3M859M916.27M854.54M922.23M1.03B1.14B1.14B1.14B
OpEx % of Revenue89.9%91.11%90.34%97.89%89.38%86.25%85.55%80.54%77.67%
Selling, General & Admin544.32M603.88M636.48M567.51M590.04M679.03M769.04M770.94M774.06M
SG&A % of Revenue64.28%64.05%62.76%65.01%57.18%56.89%57.52%54.6%52.84%
Research & Development175.79M212.32M230.44M232.56M276.47M305.56M332.57M325.99M313.69M
R&D % of Revenue20.76%22.52%22.72%26.64%26.79%25.6%24.87%23.09%21.41%
Other Operating Expenses4.86M14.11M49.36M54.47M55.72M44.85M42.18M40.41M50.09M
Operating Income
179.49M▲ 0%
25.9M▼ 85.6%
35.51M▲ 37.1%
-38.8M▼ 209.2%
31.51M▲ 181.2%
58.35M▲ 85.2%
79.04M▲ 35.5%
151.04M▲ 91.1%
185.06M▲ 22.5%
Operating Margin %21.2%2.75%3.5%-4.44%3.05%4.89%5.91%10.7%12.63%
Operating Income Growth %3704.84%-85.57%37.12%-209.25%181.23%85.17%35.46%91.09%22.52%
EBITDA220.68M68.7M84.87M11.81M126.54M154.84M149.31M206.55M245.55M
EBITDA Margin %26.06%7.29%8.37%1.35%12.26%12.97%11.17%14.63%16.76%
EBITDA Growth %626.72%-68.87%23.53%-86.08%971.07%22.37%-3.57%38.33%18.88%
D&A (Non-Cash Add-back)41.2M42.81M49.36M50.61M95.02M96.49M70.27M55.5M60.49M
EBIT16.21M25.9M35.51M-34.93M31.55M66.78M79.04M151.04M204.03M
Net Interest Income4.19M13.8M13.33M2.27M05.76M19.57M20.92M0
Interest Income4.19M13.8M13.33M2.27M05.76M19.57M20.92M0
Interest Expense000000000
Other Income/Expense167.87M14.11M14.26M3.67M2.2M8.43M26.04M31.91M18.97M
Pretax Income
184.35M▲ 0%
40.01M▼ 78.3%
49.77M▲ 24.4%
-35.13M▼ 170.6%
33.72M▲ 196.0%
66.78M▲ 98.0%
105.08M▲ 57.4%
182.96M▲ 74.1%
204.03M▲ 11.5%
Pretax Margin %21.77%4.24%4.91%-4.02%3.27%5.6%7.86%12.96%13.93%
Income Tax31.49M-15.34M8.89M-15.7M-5.95M30.43M5.91M50.11M58.43M
Effective Tax Rate %17.08%-38.35%17.86%44.7%-17.66%45.57%5.62%27.39%28.64%
Net Income
152.86M▲ 0%
55.35M▼ 63.8%
40.88M▼ 26.1%
-19.42M▼ 147.5%
39.67M▲ 304.2%
36.35M▼ 8.4%
99.17M▲ 172.9%
132.85M▲ 34.0%
145.6M▲ 9.6%
Net Margin %18.05%5.87%4.03%-2.23%3.84%3.05%7.42%9.41%9.94%
Net Income Growth %3373.19%-63.79%-26.14%-147.51%304.24%-8.38%172.85%33.96%9.6%
Net Income (Continuing)153M55.35M40.88M-19.42M39.67M36.35M99.17M132.85M145.6M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)
1.75▲ 0%
0.62▼ 64.6%
0.52▼ 16.1%
-0.27▼ 151.9%
0.50▲ 285.2%
0.50▲ 0.0%
1.35▲ 170.0%
1.88▲ 39.3%
2.24▲ 19.1%
EPS Growth %2992.56%-64.57%-16.13%-151.92%285.19%0%170%39.26%19.15%
EPS (Basic)1.870.620.55-0.270.530.511.431.972.30
Diluted Shares Outstanding87.17M88.71M77.97M73M78.62M73.4M73.6M70.61M65.09M
Basic Shares Outstanding81.6M88.71M74.63M73M74.22M70.87M69.22M67.42M63.33M
Dividend Payout Ratio---------

YELP Balance Sheet

Yelp Inc. (YELP) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets913.09M860.27M533.31M712.73M644.68M595.99M624.22M516.88M514.93M
Cash & Short-Term Investments821.22M755.86M412.28M606.8M489.78M410.62M446.4M327.91M319.35M
Cash Only547.85M332.76M170.28M595.88M479.78M306.38M313.91M217.32M216.06M
Short-Term Investments273.37M423.1M242M10.93M10M104.24M132.49M110.58M103.29M
Accounts Receivable76.17M87.31M106.83M88.4M136.23M163.24M146.15M155.32M153.22M
Days Sales Outstanding32.8333.838.4536.9648.1949.9239.940.1538.18
Inventory000000000
Days Inventory Outstanding---------
Other Current Assets15.7M17.1M4.01M7.08M5.18M7.5M16.75M15.03M42.36M
Total Non-Current Assets303.42M315.29M537.39M442.22M405.85M419.93M390.51M466.69M443.54M
Property, Plant & Equipment103.65M114.8M308.81M269.93M224.64M174.62M117.26M99.78M107.73M
Fixed Asset Turnover8.17x8.21x3.28x3.23x4.59x6.84x11.40x14.15x13.60x
Goodwill107.95M105.62M104.59M109.26M105.13M102.33M103.89M130.98M135.85M
Intangible Assets16.89M13.36M10.08M13.52M10.67M9M7.64M58.79M49.04M
Long-Term Investments25.03M50.82M53.5M000000
Other Non-Current Assets49.89M81.52M40.35M18.35M24.8M36.56M42.28M37.55M150.93M
Total Assets
1.22B▲ 0%
1.18B▼ 3.4%
1.07B▼ 8.9%
1.15B▲ 7.9%
1.05B▼ 9.0%
1.02B▼ 3.3%
1.01B▼ 0.1%
983.57M▼ 3.1%
958.48M▼ 2.6%
Asset Turnover0.70x0.80x0.95x0.76x0.98x1.17x1.32x1.44x1.53x
Asset Growth %37.43%-3.37%-8.92%7.87%-9.04%-3.29%-0.12%-3.07%-2.55%
Total Current Liabilities86.17M64.91M134.16M143.03M164.01M182.82M175.86M154.97M172.06M
Accounts Payable9.03M6.54M6M8.85M16.13M14.53M11.87M11.9M158.79M
Days Payables Outstanding46.7541.2535.156.5175.3750.1537.9235.13406.45
Short-Term Debt000000007.43M
Deferred Revenue (Current)3.47M3.84M4.32M4.11M4.16M5.2M3.82M2.97M5.84M
Other Current Liabilities23.32M27.45M41.49M57.68M50.13M66.93M79.08M85.4M0
Current Ratio10.60x13.25x3.98x4.98x3.93x3.26x3.55x3.34x2.99x
Quick Ratio10.60x13.25x3.98x4.98x3.93x3.26x3.55x3.34x2.99x
Cash Conversion Cycle---------
Total Non-Current Liabilities30.74M35.14M181.55M157.38M135.2M122.77M89.33M84.62M75.57M
Long-Term Debt0000000017.45M
Capital Lease Obligations00174.76M148.94M127.98M86.66M48.06M22.47M17.45M
Deferred Tax Liabilities000000000
Other Non-Current Liabilities30.74M35.14M6.8M8.45M7.22M36.11M41.26M62.15M40.66M
Total Liabilities116.9M100.05M315.71M300.41M299.21M305.6M265.19M239.6M247.63M
Total Debt00232.26M200.1M168.22M126.33M87.3M43.15M42.33M
Net Debt-547.85M-332.76M61.98M-395.78M-311.57M-180.04M-226.61M-174.18M-173.73M
Debt / Equity--0.31x0.23x0.22x0.18x0.12x0.06x0.06x
Debt / EBITDA--2.74x16.94x1.33x0.82x0.58x0.21x0.17x
Net Debt / EBITDA-2.48x-4.84x0.73x-33.50x-2.46x-1.16x-1.52x-0.84x-0.71x
Interest Coverage---------
Total Equity
1.1B▲ 0%
1.08B▼ 2.2%
754.99M▼ 29.8%
854.53M▲ 13.2%
751.32M▼ 12.1%
710.32M▼ 5.5%
749.53M▲ 5.5%
743.97M▼ 0.7%
710.85M▼ 4.5%
Equity Growth %36.23%-2.19%-29.8%13.18%-12.08%-5.46%5.52%-0.74%-4.45%
Book Value per Share12.6112.129.6811.719.569.6810.1810.5410.92
Total Shareholders' Equity1.1B1.08B754.99M854.53M751.32M710.32M749.53M743.97M710.85M
Common Stock000000000
Retained Earnings70.08M-52.92M-493.05M-533.94M-760.16M-923.82M-1.02B-1.14B-1.29B
Treasury Stock-46K00-2.96M00-282K-3.91M-999K
Accumulated OCI-8.44M-11.02M-11.76M-6.81M-11.09M-15.54M-12.2M-15.43M-7.68M
Minority Interest000000000

YELP Cash Flow Statement

Yelp Inc. (YELP) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations167.65M160.19M204.78M176.7M212.66M192.31M306.28M285.81M371.37M
Operating CF Margin %19.8%16.99%20.19%20.24%20.61%16.11%22.91%20.24%25.35%
Operating CF Growth %32.11%-4.45%27.84%-13.71%20.35%-9.57%59.26%-6.68%29.93%
Net Income152.86M55.35M40.88M-19.42M39.67M36.35M99.17M132.85M145.6M
Depreciation & Amortization41.2M42.81M49.36M50.61M95.02M77.66M70.27M55.5M60.49M
Stock-Based Compensation100.42M114.39M121.51M124.57M151.68M156.09M173.45M158.19M0
Deferred Taxes-146.37M-15.47M-2.8M-11.18M-9.19M-56.62M-22.15M-24.92M25.07M
Other Non-Cash Items-19K19.37M60.91M92.65M29.26M55.33M87.89M73.97M207.4M
Working Capital Changes19.56M-56.26M-65.08M-60.53M-93.78M-76.5M-102.35M-109.78M-67.19M
Change in Receivables-32.11M-35.66M-42.07M-13.83M-33.53M-49.55M-54.95M-51.03M-41.87M
Change in Inventory-1.36M-773K-20.15M000000
Change in Payables52.88M-20.2M20.15M15.38M30M49.14M-2.55M4.8M22.72M
Cash from Investing79.9M-164.37M124.33M248.36M-27.65M-126.14M-54.68M-77.27M-45.65M
Capital Expenditures-30.25M-44.97M-37.52M-32M-28.28M-31.98M-26.85M-37.35M-48.35M
CapEx % of Revenue3.57%4.77%3.7%3.67%2.74%2.68%2.01%2.64%3.3%
Acquisitions202.12M20.12M00000-66.2M0
Investments---------
Other Investing-1.08M-19.88M29.21M-5.8M632K94K195K-10K114K
Cash from Financing27.16M-207.75M-491.52M-21.05M-300.49M-237.53M-246.78M-303.8M-329.39M
Debt Issued (Net)000000000
Equity Issued (Net)28.36M-157.6M-448.75M-24.4M-262.93M-200.01M-200M-251.18M-272.5M
Dividends Paid000000000
Share Repurchases-12.56M-187.38M-481.01M-24.4M-262.93M-200.01M-200M-251.18M-292.17M
Other Financing-1.2M-50.14M-42.77M3.34M-37.56M-37.53M-46.78M-52.62M-56.89M
Net Change in Cash
275.65M▲ 0%
-211.57M▼ 176.8%
-162.52M▲ 23.2%
404.22M▲ 348.7%
-115.9M▼ 128.7%
-173.5M▼ 49.7%
6.86M▲ 104.0%
-96.32M▼ 1503.3%
-1.26M▲ 98.7%
Free Cash Flow
137.4M▲ 0%
115.22M▼ 16.1%
167.26M▲ 45.2%
138.57M▼ 17.2%
184.37M▲ 33.1%
160.33M▼ 13.0%
279.43M▲ 74.3%
248.47M▼ 11.1%
323.02M▲ 30.0%
FCF Margin %16.23%12.22%16.49%15.87%17.87%13.43%20.9%17.6%22.05%
FCF Growth %53.46%-16.15%45.17%-17.15%33.05%-13.04%74.29%-11.08%30%
FCF per Share1.581.302.151.902.352.183.803.524.96
FCF Conversion (FCF/Net Income)1.10x2.89x5.01x-9.10x5.36x5.29x3.09x2.15x2.55x
Interest Paid000000000
Taxes Paid530K29.16M6.91M214K2.52M50.42M30.63M58.19M0

YELP Key Ratios

Yelp Inc. (YELP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-0.62%16.03%5.09%4.47%-2.41%4.94%4.97%13.59%17.79%20.02%
Return on Invested Capital (ROIC)-0.71%24.77%3%3.42%-4.56%5.26%9.02%11.26%20.73%25.08%
Gross Margin91.53%91.67%93.86%93.85%93.45%92.43%91.14%91.46%91.24%90.27%
Net Margin-0.65%18.05%5.87%4.03%-2.23%3.84%3.05%7.42%9.41%9.94%
Debt / Equity---0.31x0.23x0.22x0.18x0.12x0.06x0.06x
FCF Conversion-27.17x1.10x2.89x5.01x-9.10x5.36x5.29x3.09x2.15x2.55x
Revenue Growth29.72%18.76%11.33%7.58%-13.93%18.2%15.67%12.03%5.61%3.75%

YELP SEC Filings & Documents

Yelp Inc. (YELP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 29, 2026·SEC

Material company update

Feb 12, 2026·SEC

Material company update

Feb 6, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

5
FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 9, 2025·SEC

YELP Frequently Asked Questions

Yelp Inc. (YELP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Yelp Inc. (YELP) reported $1.46B in revenue for fiscal year 2025. This represents a 2969% increase from $47.7M in 2010.

Yelp Inc. (YELP) grew revenue by 3.7% over the past year. Growth has been modest.

Yes, Yelp Inc. (YELP) is profitable, generating $145.6M in net income for fiscal year 2025 (9.9% net margin).

Dividend & Returns

Yelp Inc. (YELP) has a return on equity (ROE) of 20.0%. This is excellent, indicating efficient use of shareholder capital.

Yelp Inc. (YELP) generated $323.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Yelp Inc. (YELP) financial analysis — history, returns, DCA and operating performance tools

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