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Yelp Inc.(YELP)Earnings, Financials & Key Ratios
YELP•NYSE
$26.34
11.8× P/E·Price updated Jul 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%
YELP Price & Volume
Yelp Inc. (YELP) stock price & volume — 10-year historical chart
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Stagnant Revenue Growth Masks Aggressive Capital Returns
Investment Thesis • Updated 2026Q1
VerdictNeutral: While the company trades at a low 4.09 P/FCF multiple
Growth:Decelerating
Profitability:Moderate
Financial:Healthy
Cash Flow:Stable
Primary Risk:Search engine traffic dependency
Key Thesis Takeaways
- Yelp faces significant top-line headwinds as revenue growth decelerated to a nominal 0.8% in 2026Q1, reflecting a challenging competitive landscape for its review-based directory model.
- While the company maintains a robust 84.9% gross margin, its reliance on a labor-intensive sales force keeps SG&A expenses elevated at 56% of revenue, limiting operating leverage.
- Investors should monitor the sustainability of aggressive share repurchases, which totaled $124 million in 2026Q1, against the backdrop of rising goodwill values that reached $355.6 million.
Verdict Logic
the deceleration of revenue growth to 0.8% and the reliance on aggressive buybacks to support EPS suggest limited long-term upside without a fundamental pivot in its core digital advertising strategy.
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%
TTM2.09%
Profit CAGR
10 Years-
5 Years-
3 Years58.82%
TTM-2.9%
EPS CAGR
10 Years-
5 Years-
3 Years64.85%
TTM4.81%
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
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.36+38.5%
$0.26
Rev
$361M+2.3%
$353M
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.61+29.8%
$0.47
Rev
$360M+0.2%
$359M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.61+29.8%
$0.47
Rev
$376M+4.8%
$359M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.67+39.6%
$0.48
Rev
$370M+1.2%
$366M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.36vs $0.26+38.5% | $361Mvs $353M+2.3% |
| Q1 2026 | Feb 12, 2026 | $0.61vs $0.47+29.8% | $360Mvs $359M+0.2% |
| Q4 2025 | Nov 6, 2025 | $0.61vs $0.47+29.8% | $376Mvs $359M+4.8% |
| Q3 2025 | Aug 7, 2025 | $0.67vs $0.48+39.6% | $370Mvs $366M+1.2% |
Based on last 12 quarters of dataView full earnings history →
Latest YELP News
Recent stock market news and headlines for Yelp Inc. (YELP)
Peers Comparison
Key metrics vs top competitors for Yelp Inc. (YELP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $26.34 | $1.45B | 11.76 | 3.75% | 9.94% | 20.02% | — | |
| $6.24 | $250.25M | 6.64 | -13.04% | 1.93% | 2.06% | — | |
| $47.20 | $3.51B | -35.49 | -37.14% | 1.82% | 0.85% | — | |
| $13.88 | $1.62B | 44.77 | 3.05% | 0.99% | 2.86% | — | |
| $366.46 | $4.43T | 33.90 | 15.13% | 37.91% | 38.98% | — | |
| $5.09 | $3.9B | -2.99 | -15.18% | -35.25% | -163.25% | — |
Compare YELP vs Peers
Yelp Inc. (YELP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
YELP SEC Filings & Documents
Yelp Inc. (YELP) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 7, 2026·SEC
Material company update
Apr 29, 2026·SEC
Material company update
Feb 12, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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YELP Frequently Asked Questions
Yelp Inc. (YELP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Yelp Inc.'s revenue?
Yelp Inc. (YELP) reported $1.47B in revenue for fiscal year 2025. This represents a 2975% increase from $47.7M in 2010.
How fast is Yelp Inc. growing?
Yelp Inc. (YELP) grew revenue by 3.7% over the past year. Growth has been modest.
Is YELP profitable?
Yes, Yelp Inc. (YELP) is profitable, generating $138.9M in net income for fiscal year 2025 (9.9% net margin).
Dividend & Returns
What is YELP's return on equity?
Yelp Inc. (YELP) has a return on equity (ROE) of 20.0%. This is excellent, indicating efficient use of shareholder capital.
What is Yelp Inc.'s free cash flow?
Yelp Inc. (YELP) generated $280.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.