Yelp (YELP) Gross Margin (2011 - 2026)
Yelp's (YELP) quarterly Gross Margin came in at 57.67% in Q1 2026, down 3262.0% year-on-year from 1.82% in Q1 2025, and down 0.92% quarter-over-quarter from 58.2% in Q4 2025.
Yelp (YELP) Gross Margin (2011 - 2026) Analysis & Trends
Yelp has disclosed Gross Margin across 15 years of filings, most recently posting 57.67% for Q1 2026.
- Gross Margin for Q1 2026 came in at 57.67%, down 3262.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 66.64% (up 1623.0% YoY), and the FY2025 annual result was 59.58%, up 108.0% from the prior year.
- Gross Margin came in at 57.67% for Q1 2026 at Yelp, down from 58.2% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 91.78% in Q1 2024 to a low of 37.86% in Q4 2023.
- The 5-year median for Gross Margin is 59.91% (2025), against an average of 60.13%.
- Across the five-year window, Gross Margin surged 10549 bps in 2022 and plunged 9698 bps in 2023, its largest moves.
- Yelp's Gross Margin stood at 59.12% in 2022, then tumbled by 164 bps to 37.86% in 2023, then climbed by 2 bps to 36.91% in 2024, then jumped by 258 bps to 58.2% in 2025, then declined by 1 bps to 57.67% in 2026.
- The last three Gross Margin figures came in at 57.67% (Q1 2026), 58.2% (Q4 2025), and 59.91% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 73.98% |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 93.08% |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 81.85% |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 32.98% |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 77.17% | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 76.32% | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | 85.23% |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 84.37% |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 73.31% |
| 10 | Yelp | 1.37 Bn | 1.26 Bn | 208.45 Mn | 57.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 57.67% |
| Dec 31, 2025 | 58.20% |
| Sep 30, 2025 | 59.91% |
| Jun 30, 2025 | 90.43% |
| Mar 31, 2025 | 90.29% |
| Dec 31, 2024 | -36.91% |
| Sep 30, 2024 | 91.01% |
| Jun 30, 2024 | 57.90% |
| Mar 31, 2024 | 91.78% |
| Dec 31, 2023 | -37.86% |
| Sep 30, 2023 | 60.10% |
| Jun 30, 2023 | 91.05% |
| Mar 31, 2023 | 52.81% |
| Dec 31, 2022 | 59.12% |
| Sep 30, 2022 | 91.32% |
| Jun 30, 2022 | 90.97% |
| Mar 31, 2022 | 54.42% |
| Dec 31, 2021 | -46.37% |
| Sep 30, 2021 | 57.54% |
| Jun 30, 2021 | 55.81% |