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Yelp YELP Operating Income

Discontinued — last reported Q2 '26

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Other financials

Income statement

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Revenue$375.5M+1.4%
Gross profit$333.7M-0.4%
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

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Market cap$1.38B-26.9%
Enterprise value$1.31B-28.5%
P/E10.9×-1.7×
P/S0.9×-0.4×

Profitability

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

Returns & leverage

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Return on equity18.2%-1.9pp
Debt / equity0.0×
Current ratio1.7×-1.5×

Where this comes from

Reported directly by Yelp in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Yelp’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:16 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001345016-26-000066
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
General and administrative47,86546,31897,21598,025
Depreciation and amortization18,11812,36534,35124,715
Total costs and expenses331,789317,104665,948646,178
Income from operations43,73053,29071,02882,750
Other income, net7335,6953,31911,466
Income before income taxes44,46358,98574,34794,216
Provision for income taxes12,81114,89624,96025,736
Net income attributable to common stockholders$31,652$44,089$49,387$68,480

Item 1. Financial Statements (Unaudited)

FAQ

What is Yelp's operating income?
Yelp (YELP) reported operating income of $43.73M in Q2 2026.
How has Yelp's operating income changed year-over-year?
Yelp's operating income decreased by 17.9% year-over-year, from $53.29M to $43.73M.
What is the long-term trend for Yelp's operating income?
Over 4 years (2021 to 2025), Yelp's operating income has grown at a 55.6% compound annual growth rate (CAGR), from $31.51M to $184.52M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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