What are Yelp's profit margins?

Yelp (YELP) runs a 90.0% gross margin and a 12.4% operating margin, with a 9.5% net margin.

Where do Yelp's ratios come from?

Every ratio is computed from Yelp's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Yelp YELP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	90%-0.2pp	90.3%-0.2pp	90.5%-0.2pp	90.6%-0.2pp	90.9%-0.4pp
Operating margin	12.4%-0.2pp	12.6%-0.3pp	12.9%+0.3pp	12.6%+0.8pp	11.8%+1.1pp
Net margin	9.5%-0.5pp	9.9%-0.3pp	10.2%0.0pp	10.3%+0.3pp	10%+0.5pp
EBITDA margin	16.1%+0.1pp	16%-0.2pp	16.2%+0.5pp	15.7%+1.0pp	14.8%+1.2pp
Free cash flow margin	19.2%-2.9pp	22.1%+0.9pp	21.2%+1.6pp	19.6%+0.9pp	18.8%+1.2pp
Returns
Return on equity	20.4%+0.4pp	20%-0.4pp	20.4%+0.2pp	20.1%+0.4pp	19.7%+1.9pp
Return on assets	13.9%-1.1pp	15%-0.2pp	15.2%-0.1pp	15.3%+0.9pp	14.5%+1.2pp
Return on invested capital	21.3%+1.2pp	20.2%+0.2pp	20%+1.6pp	18.4%+0.6pp	17.8%+2.4pp
Efficiency
Asset turnover	1.5×0.0×	1.5×0.0×	1.5×0.0×	1.5×0.0×	1.5×0.0×
Liquidity
Current ratio	1.7×-1.3×	3×0.0×	3×-0.3×	3.3×+0.4×	2.9×-0.4×
Quick ratio	1.7×-1.3×	3×0.0×	3×-0.3×	3.3×+0.4×	2.9×-0.4×
Cash ratio	0.6×-0.1×	0.8×+0.1×	0.6×+0.1×	0.6×-0.1×	0.6×0.0×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-0.4×+0.1×	-0.4×-0.1×	-0.4×-0.1×	-0.2×+0.1×	-0.4×-0.1×
Per Share
Book value per share	$10.63-2.7%	$10.92-4.3%	$11.42+0.5%	$11.36+5.1%	$10.81+2.6%
Valuation
Market capitalization	$1.28B-42.7%	$1.87B-5.0%	$1.97B-10.3%	$2.19B-8.9%	$2.41B-5.5%
Enterprise value	$1.2B-44.7%	$1.76B-6.1%	$1.88B-12.1%	$2.14B-8.3%	$2.33B-6.9%
Price / earnings	9.3×-6.4×	12.8×-0.3×	13.1×-1.6×	14.7×-2.1×	16.8×-2.3×
Price / sales	0.9×-0.7×	1.3×-0.1×	1.3×-0.2×	1.5×-0.2×	1.7×-0.1×
Price / book	2×-1.0×	2.6×-0.1×	2.7×-0.3×	2.9×-0.4×	3.3×-0.1×
EV / EBITDA	5×-5.0×	7.5×-0.4×	7.9×-1.5×	9.4×-1.6×	11×-2.1×
EV / sales	0.8×-0.7×	1.2×-0.1×	1.3×-0.2×	1.5×-0.1×	1.6×-0.2×
Free cash flow yield	22.3%+10.1pp	17.3%+1.5pp	15.8%+2.8pp	13%+1.8pp	11.2%+1.5pp
Earnings yield	11%+4.5pp	7.8%+0.2pp	7.6%+0.8pp	6.8%+0.9pp	5.9%+0.7pp

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Questions, answered.

What are Yelp's profit margins?: Yelp (YELP) runs a 90.0% gross margin and a 12.4% operating margin, with a 9.5% net margin.
Where do Yelp's ratios come from?: Every ratio is computed from Yelp's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.