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Yelp YELP Services — Net revenue

Other product segments

Restaurants, Retail & Other
$98.7M-10.6%
Other
$28.97M+75.2%

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Other financials

Income statement

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Revenue$361.5M+0.8%
Gross profit$323.0M-0.2%
Operating income$27.3M-7.3%
Net income$17.7M-27.3%
EPS (diluted)$0.30-16.7%

Balance sheet

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Cash & equivalents$110.4M-0.6%
Total debt$24.9M-25.6%
Total equity$631.1M-13.3%
Total assets$1.0B+2.9%

Cash flow

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Operating cash flow$57.8M-41.0%
CapEx$12.7M+20.2%
Free cash flow$45.2M-48.4%

Valuation

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Market cap$1.28B-41.6%
Enterprise value$1.2B-43.5%
P/E9.3×-6.1×
P/S0.9×-0.7×

Profitability

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Gross margin90%-0.8pp
Operating margin12.4%+0.6pp
Net margin9.5%-0.5pp
FCF margin19.2%+0.4pp

Returns & leverage

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Return on equity20.4%+0.7pp
Debt / equity0.0×
Current ratio1.7×-1.2×

Where this comes from

Reported directly by Yelp in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Yelp’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Yelp's services — net revenue?
Yelp (YELP) reported services — net revenue of $233.79M in Q1 2026.
How has Yelp's services — net revenue changed year-over-year?
Yelp's services — net revenue increased by 1.0% year-over-year, from $231.58M to $233.79M.
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.