Yelp (YELP) EBITDA Margin (2011 - 2026)

Yelp (YELP) posted EBITDA Margin of 7.55% for Q1 2026, down 44.39% sequentially from 13.58% in Q4 2025, and down 66.0% YoY from 22.21% in Q1 2025.

Analysis

Yelp (YELP) EBITDA Margin (2011 - 2026) Analysis & Trends

Yelp has reported EBITDA Margin for 15 years, with the latest figure at 7.55% in Q1 2026.

Quarterly EBITDA Margin fell 66.0% year-over-year to 7.55% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.42% (up 65.0% YoY) and the FY2025 annual result came in at 12.6%, up 190.0% from the prior year.
EBITDA Margin fell to 7.55% in Q1 2026 per YELP's latest filing, from 13.58% in the prior quarter.
Over five years, EBITDA Margin peaked at 14.76% in Q4 2024 and troughed at 2.11% in Q1 2023.
A 5-year average of 8.34% and a median of 8.22% in 2025 frame the typical range for EBITDA Margin.
The sharpest annual moves came in 2022 and 2023: EBITDA Margin plunged 370 bps in 2022, then surged 779 bps in 2023.
Over 5 years, EBITDA Margin stood at 10.8% in 2022, then sank by 32 bps to 7.31% in 2023, then soared by 102 bps to 14.76% in 2024, then dropped by 8 bps to 13.58% in 2025, then sank by 44 bps to 7.55% in 2026.
According to Business Quant data, EBITDA Margin over the past three periods registered 7.55%, 13.58%, and 14.06% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	EBITDA Margin (Qtr)
1	Alphabet	4,083.83 Bn	3,654.79 Bn	73.85 Bn	34.03%
2	Meta Platforms	1,456.07 Bn	1,365.81 Bn	49.47 Bn	30.88%
3	Spotify Technology	111.71 Bn	104.79 Bn	1.86 Bn	21.88%
4	Nebius	50.03 Bn	40.93 Bn	448.70 Mn	-30.21%
5	Reddit	28.44 Bn	25.65 Bn	734.60 Mn	28.79%
6	Bilibili	13.59 Bn	11.45 Bn	433.97 Mn	4.70%
7	Tencent Music Entertainment	12.71 Bn	9.21 Bn	582.00 Mn	-
8	Pinterest	12.21 Bn	10.93 Bn	922.30 Mn	-4.68%
9	Match	9.45 Bn	8.86 Bn	648.84 Mn	30.57%
10	Yelp	1.23 Bn	1.14 Bn	333.74 Mn	11.65%

Historic Data

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