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Yelp YELP Operating margin

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Other financials

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

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Market cap$1.38B-36.8%
Enterprise value$1.31B-38.5%
P/E10.9×-3.7×
P/S0.9×-0.6×

Profitability

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Gross margin89.6%-1.0pp
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

Calculated from Yelp’s reported figures.

Based on trailing twelve months.

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

Filed
Aug 7, 2026, 4:16 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001345016-26-000066

FAQ

What is Yelp's operating margin?
Yelp (YELP) reported operating margin of 11.7% in Q2 2026.
How has Yelp's operating margin changed year-over-year?
Yelp's operating margin decreased by 6.9% year-over-year, from 12.6% to 11.7%.
What is the long-term trend for Yelp's operating margin?
Over 4 years (2021 to 2025), Yelp's operating margin has grown at a 42.5% compound annual growth rate (CAGR), from 3.1% to 12.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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