Yelp (YELP) Cost of Revenue (2011 - 2026)

Yelp has disclosed Cost of Revenue across 15 years of filings, most recently posting $153.0 million for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $153.0 million, up 339.33% year-over-year; the trailing twelve-month figure through Mar 2026 was $489.7 million (down 31.33% YoY), and the FY2025 annual result was $592.1 million, up 1.05% from the prior year.
• Cost of Revenue came in at $153.0 million for Q1 2026 at Yelp, up from $150.5 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $495.6 million in Q4 2024 to a low of $26.8 million in Q3 2022.
• The 5-year median for Cost of Revenue is $126.4 million (2022), against an average of $136.7 million.
• Across the five-year window, Cost of Revenue jumped 747.77% in 2022 and slumped 81.45% in 2024, its largest moves.
• Yelp's Cost of Revenue stood at $126.4 million in 2022, then soared by 273.54% to $472.0 million in 2023, then increased by 4.99% to $495.6 million in 2024, then slumped by 69.64% to $150.5 million in 2025, then grew by 1.69% to $153.0 million in 2026.
• The last three Cost of Revenue figures came in at $153.0 million (Q1 2026), $150.5 million (Q4 2025), and $150.7 million (Q3 2025), per Business Quant data.