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Yelp YELP Q2 2026 earnings

Reported August 6, 2026 · After market close

Revenue$375.5MBeat by $8.6M
EPS$0.57Beat by $0.21
Revenue estimate$366.9M
EPS estimate$0.36
“Yelp's AI transformation continued to gain momentum in the second quarter, with encouraging signs across several key metrics and Other revenue nearly doubling year over year. We are seeing the benefits of our strategic initiatives take shape. Yelp Assistant drove early positive signs in engagement, Yelp Host scaled rapidly, and Hatch accelerated their product roadmap. At the same time, our trusted content is powering local discovery for ChatGPT and other AI partners. While headwinds for local businesses persist, I'm confident we are building a stronger Yelp, transformed with AI, that is well-positioned 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

Q2 2026

Income statement

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Revenue$375.5M+1.4%
Gross profit$333.7M-0.4%
Operating income$43.7M-17.9%
Net income$31.7M-28.2%
EPS (diluted)$0.57-14.9%

Balance sheet

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Cash & equivalents$94.1M+9.7%
Total debt$23.3M-23.8%
Total equity$644.5M-13.6%
Total assets$990.6M+1.1%

Cash flow

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Operating cash flow$75.8M+30.7%
CapEx$14.7M+13.2%
Free cash flow$61.1M+35.7%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$1.15B-42.2%
Enterprise value$1.08B-44.2%
P/E9.1×-4.2×
P/S0.8×-0.6×

Profitability

See full
Gross margin89.6%-1.0pp
Operating margin11.7%-0.9pp
Net margin8.6%-1.7pp
FCF margin20.2%+0.6pp

Returns & leverage

See full
Return on equity18.2%-1.9pp
Debt / equity0×0.0×
Current ratio1.7×-1.5×

Segments

By product

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Services$241.0M+0.1%
Restaurants, Retail & Other$101.5M-10.1%
Other$33.0M+97.8%

By segment

See full
Reportable Segment$375.5M+1.4%

FAQ

When did Yelp report Q2 2026 earnings?
Yelp (YELP) reported Q2 2026 earnings on August 6, 2026 after market close.
What were Yelp's Q2 2026 revenue and EPS?
Yelp reported revenue of $375.5M and eps of $0.57 for Q2 2026.
Did Yelp beat estimates in Q2 2026?
Revenue beat the consensus estimate of $366.9M by $8.6M. EPS beat the consensus estimate of $0.36 by $0.21.
How did Yelp's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.4% from $370.4M a year earlier and eps declined 14.9% from $0.67.
Where can I find Yelp's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001345016-26-000059) and the 10-Q periodic report (0001345016-26-000066) directly on SEC EDGAR. The filing index links above go to sec.gov.