Yelp (YELP) Gross Margin (2011 - 2026)

Yelp (YELP) posted Gross Margin of 89.37% for Q1 2026, down 0.69% sequentially from 89.99% in Q4 2025, and down 91.0% YoY from 993.04% in Q1 2025.

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

Yelp has reported Gross Margin for 15 years, with the latest figure at 89.37% in Q1 2026.

Quarterly Gross Margin fell 91.0% year-over-year to 89.37% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 90.04% (down 84.0% YoY) and the FY2025 annual result came in at 90.27%, down 97.0% from the prior year.
Gross Margin retreated to 89.37% in Q1 2026 per YELP's latest filing, from 89.99% in the prior quarter.
Over five years, Gross Margin peaked at 91.78% in Q3 2023 and troughed at 89.37% in Q1 2026.
A 5-year average of 90.93% and a median of 91.01% in 2024 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 206 bps in 2022, then soared 56 bps in 2023.
Over 5 years, Gross Margin stood at 90.79% in 2022, then gained by 1 bps to 91.35% in 2023, then retreated by 1 bps to 90.81% in 2024, then decreased by 1 bps to 89.99% in 2025, then decreased by 1 bps to 89.37% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 89.37%, 89.99%, and 90.35% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Alphabet	4,165.61 Bn	3,736.57 Bn	73.85 Bn	61.65%
2	Meta Platforms	1,523.46 Bn	1,433.20 Bn	49.47 Bn	81.37%
3	Taboola.com	1,141.85 Bn	1,141.71 Bn	139.48 Mn	29.25%
4	Baidu	288.34 Bn	283.85 Bn	1.88 Mn	0.04%
5	Spotify Technology	103.44 Bn	93.20 Bn	1.75 Bn	32.98%
6	Joyy	77.39 Bn	76.50 Bn	205.64 Mn	35.34%
7	BILI Social International	60.58 Bn	60.58 Bn	405,933.00	75.52%
8	Nebius	50.20 Bn	40.57 Bn	295.20 Mn	73.98%
9	Reddit	30.00 Bn	27.22 Bn	734.60 Mn	91.27%
10	Yelp	1.31 Bn	1.21 Bn	333.74 Mn	88.88%

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