What is Yelp's net margin?

Yelp (YELP) reported net margin of 9.5% in Q1 2026.

How has Yelp's net margin changed year-over-year?

Yelp's net margin decreased by 4.9% year-over-year, from 10% to 9.5%.

What is the long-term trend for Yelp's net margin?

Over 4 years (2021 to 2025), Yelp's net margin has grown at a 26.8% compound annual growth rate (CAGR), from 3.8% to 9.9%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Yelp YELP Net margin

Net margin at other companies

Meta Platforms, Inc.META

32.8%-6.3pp

Nextdoor Holdings, Inc.NXDR

-16.5%-5.9pp

RedditRDDT

28.6%—

CarGurus, Inc.CARG

15.9%+11.2pp

FCP

Four Corners Property TrustFCPT

38.7%+1.2pp

Alphabet Inc.GOOGL

——

Other financials

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

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Market cap$1.28B-41.6%

Enterprise value$1.2B-43.5%

P/E9.3×-6.1×

P/S0.9×-0.7×

Profitability

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Gross margin90%-0.8pp

Operating margin12.4%+0.6pp

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×

Where this comes from

Calculated from Yelp’s reported figures.

net income/total revenue=9.5%

Based on trailing twelve months.

The official record: Yelp’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Yelp's net margin?: Yelp (YELP) reported net margin of 9.5% in Q1 2026.
How has Yelp's net margin changed year-over-year?: Yelp's net margin decreased by 4.9% year-over-year, from 10% to 9.5%.
What is the long-term trend for Yelp's net margin?: Over 4 years (2021 to 2025), Yelp's net margin has grown at a 26.8% compound annual growth rate (CAGR), from 3.8% to 9.9%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.