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%-0.8pp	90.3%-1.0pp	90.5%-0.9pp	90.6%-0.9pp	90.9%-0.6pp
Operating margin	12.4%+0.6pp	12.6%+1.9pp	12.9%+4.1pp	12.6%+4.0pp	11.8%+4.6pp
Net margin	9.5%-0.5pp	9.9%+0.5pp	10.2%+1.8pp	10.3%+0.3pp	10%+1.5pp
EBITDA margin	16.1%+1.3pp	16%+2.5pp	16.2%+4.6pp	15.7%+4.3pp	14.8%+4.6pp
Free cash flow margin	19.2%+0.4pp	22.1%+4.5pp	21.2%+2.4pp	19.6%+0.2pp	18.8%-1.7pp
Returns
Return on equity	20.4%+0.7pp	20%+2.2pp	20.4%+4.4pp	20.1%+1.0pp	19.7%+3.7pp
Return on assets	13.9%-0.6pp	15%+1.7pp	15.2%+3.5pp	15.3%+1.5pp	14.5%+3.1pp
Return on invested capital	21.3%+3.6pp	20.2%+4.8pp	20%+7.1pp	18.4%+3.8pp	17.8%+5.8pp
Efficiency
Asset turnover	1.5×0.0×	1.5×+0.1×	1.5×+0.1×	1.5×+0.1×	1.5×+0.1×
Liquidity
Current ratio	1.7×-1.2×	3×-0.3×	3×-0.5×	3.3×-0.4×	2.9×-0.3×
Quick ratio	1.7×-1.2×	3×-0.3×	3×-0.5×	3.3×-0.4×	2.9×-0.3×
Cash ratio	0.6×0.0×	0.8×+0.2×	0.6×0.0×	0.6×+0.1×	0.6×+0.2×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×-0.1×	0×-0.1×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-0.4×0.0×	-0.4×-0.2×	-0.4×-0.1×	-0.2×-0.2×	-0.4×-0.3×
Per Share
Book value per share	$10.63-1.7%	$10.92+3.7%	$11.42+6.8%	$11.36+8.9%	$10.81+8.2%
Valuation
Market capitalization	$1.28B-41.6%	$1.87B-26.6%	$1.97B-17.3%	$2.19B-13.4%	$2.41B-11.1%
Enterprise value	$1.2B-43.5%	$1.76B-29.5%	$1.88B-19.3%	$2.14B-15.5%	$2.33B-13.9%
Price / earnings	9.3×-6.1×	12.8×-6.3×	13.1×-7.0×	14.7×-3.7×	16.8×-6.8×
Price / sales	0.9×-0.7×	1.3×-0.5×	1.3×-0.4×	1.5×-0.3×	1.7×-0.3×
Price / book	2×-1.0×	2.6×-0.8×	2.7×-0.5×	2.9×-0.5×	3.3×-0.4×
EV / EBITDA	5.1×-4.9×	7.5×-5.6×	7.9×-6.5×	9.4×-6.6×	11×-8.6×
EV / sales	0.8×-0.7×	1.2×-0.6×	1.3×-0.4×	1.5×-0.4×	1.6×-0.4×
Free cash flow yield	21.9%+9.6pp	17.3%+7.6pp	15.8%+4.8pp	13%+2.4pp	11.2%+0.9pp
Earnings yield	10.8%+4.3pp	7.8%+2.6pp	7.6%+2.7pp	6.8%+1.4pp	5.9%+1.7pp

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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.