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Yelp YELP Services — Net revenue

Other product segments

Restaurants, Retail & Other
$101.53M-10.1%
Other
$33.02M+97.8%

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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$1.41B-26.9%
Enterprise value$1.33B-28.5%
P/E11.1×-1.8×
P/S-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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Services$240,963$240,802$474,749$472,378
Restaurants, Retail & Other101,532112,895200,234223,320
Total advertising342,495353,697674,983695,698
Other33,02416,69761,99333,230
Total net revenue$375,519$370,394$736,976$728,928

Item 1. Financial Statements (Unaudited)

FAQ

What is Yelp's services — net revenue?
Yelp (YELP) reported services — net revenue of $240.96M in Q2 2026.
How has Yelp's services — net revenue changed year-over-year?
Yelp's services — net revenue increased by 0.1% year-over-year, from $240.8M to $240.96M.
What is the long-term trend for Yelp's services — net revenue?
Over 4 years (2021 to 2025), Yelp's services — net revenue has grown at a 11.7% compound annual growth rate (CAGR), from $607.77M to $947.56M.
What does services — net revenue mean?
This metric represents the total revenue generated from the Services segment, which primarily encompasses advertising and business page products sold to service-oriented enterprises. It reflects the company's ability to monetize its platform by connecting local service providers with consumers seeking specific professional or home services. Growth in this segment indicates successful market penetration and increased demand for the company's digital marketing solutions among service-based businesses.

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