Yelp (YELP) Gross Margin (2011 - 2026)
Yelp's Gross Margin was 88.88% in Q2 2026, down 1.55 percentage points from 90.43% a year earlier and down 0.50 percentage points from the prior quarter.
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Analysis
Yelp (YELP) Gross Margin (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Yelp's Gross Margin was 89.65% through Jun 30, 2026, down 0.99 percentage points year-over-year; for FY2025, it came in at 90.27%, down 0.97 percentage points from FY2024.
- Gross Margin shows a five-year change of -3.18 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 91.24% in FY2024 (-0.22 pp), 91.46% in FY2023 (+0.31 pp), 91.14% in FY2022 (-1.29 pp) and 92.43% in FY2021 (-1.02 pp).
- The Q2 2026 figure marks the lowest quarterly Gross Margin in data going back to Q1 2011.
- Compared with a year earlier, Gross Margin has declined for eight straight quarters, with an average year-over-year change of -0.97 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q4 2023 (a gain of 0.56 percentage points); the worst was Q4 2021 (a drop of 2.22 percentage points).
- Per Business Quant data, YELP's Gross Margin in the three quarters before Q2 2026 was 89.37% (Q1 2026), 89.99% (Q4 2025) and 90.35% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,936.13 Bn | 3,693.66 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,643.04 Bn | 1,345.56 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 277.07 Bn | 238.37 Bn | 6.80 Bn | 52.78% |
| 4 | Alibaba Group Holding | 232.41 Bn | 46.19 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 218.10 Bn | 195.29 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 138.74 Bn | 110.54 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 120.56 Bn | 53.61 Bn | - | - |
| 8 | Spotify Technology | 119.56 Bn | 76.48 Bn | 1.89 Bn | 32.98% |
| 9 | PDD Holdings | 111.17 Bn | -132.61 Bn | 9.45 Bn | 57.06% |
| 10 | Yelp | 1.11 Bn | 254.17 Mn | 333.74 Mn | 88.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 88.88% |
| Mar 31, 2026 | 89.37% |
| Dec 31, 2025 | 89.99% |
| Sep 30, 2025 | 90.35% |
| Jun 30, 2025 | 90.43% |
| Mar 31, 2025 | 90.29% |
| Dec 31, 2024 | 90.81% |
| Sep 30, 2024 | 91.01% |
| Jun 30, 2024 | 91.41% |
| Mar 31, 2024 | 91.78% |
| Dec 31, 2023 | 91.35% |
| Sep 30, 2023 | 91.78% |
| Jun 30, 2023 | 91.05% |
| Mar 31, 2023 | 91.66% |
| Dec 31, 2022 | 90.79% |
| Sep 30, 2022 | 91.32% |
| Jun 30, 2022 | 90.97% |
| Mar 31, 2022 | 91.53% |
| Dec 31, 2021 | 91.21% |
| Sep 30, 2021 | 92.13% |
API Access
Yelp Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=YELP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "YELP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=YELP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();