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Yelp YELP Q1 2026 earnings

Reported May 7, 2026 · After market close

Revenue$361.5MBeat by $8.0M
EPS$0.30Beat by $0.04
Revenue estimate$353.5M
EPS estimate$0.26
“We continued to accelerate Yelp's AI transformation in the first quarter, Even as local businesses continued to navigate a challenging operating environment, we made meaningful progress against our strategic priorities to reconceive Yelp around answers and actions, deliver new AI tools for businesses, and extend the reach of our trusted content through data licensing. We recently rolled out more than 35 new product updates and features, including a new Yelp Assistant that now works across all categories. Product momentum, strong traction from Hatch and Yelp Host, and a growing partner ecosystem give me confidence in Yelp's AI transformation and our ability to drive long-term profitable growth.”
Jeremy Stoppelman

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$368.9M
EPS estimate$0.44

Financials

Q1 2026

Income statement

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Revenue$361.5M+0.8%
Gross profit$323.0M-0.2%
Operating income$27.3M-7.3%
Net income$17.7M-27.3%
EPS (diluted)$0.30-16.7%

Balance sheet

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Cash & equivalents$110.4M-0.6%
Total debt$24.9M-25.6%
Total equity$631.1M-13.3%
Total assets$1.0B+2.9%

Cash flow

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Operating cash flow$57.8M-41.0%
CapEx$12.7M+20.2%
Free cash flow$45.2M-48.4%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$1.47B-38.9%
Enterprise value$1.39B-40.5%
P/E10.6×-6.2×
P/S1×-0.7×

Profitability

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Gross margin90%-0.8pp
Operating margin12.4%+0.6pp
Net margin9.5%-0.5pp
FCF margin19.2%+0.4pp

Returns & leverage

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Return on equity20.4%+0.7pp
Debt / equity0×0.0×
Current ratio1.7×-1.2×

Segments

By product

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Services$233.8M+1.0%
Restaurants, Retail & Other$98.7M-10.6%
Other$29.0M+75.2%

By segment

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Reportable Segment$361.5M+0.8%

FAQ

When did Yelp report Q1 2026 earnings?
Yelp (YELP) reported Q1 2026 earnings on May 7, 2026 after market close.
What were Yelp's Q1 2026 revenue and EPS?
Yelp reported revenue of $361.5M and eps of $0.30 for Q1 2026.
Did Yelp beat estimates in Q1 2026?
Revenue beat the consensus estimate of $353.5M by $8.0M. EPS beat the consensus estimate of $0.26 by $0.04.
How did Yelp's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.8% from $358.5M a year earlier and eps declined 16.7% from $0.36.
Where can I find Yelp's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001345016-26-000037) and the 10-Q periodic report (0001345016-26-000040) directly on SEC EDGAR. The filing index links above go to sec.gov.