Yelp (YELP) Net Margin (2011 - 2026)

Yelp (YELP) posted Net Margin of 4.91% for Q1 2026, down 53.21% sequentially from 10.49% in Q4 2025, and down 191.0% YoY from 5.39% in Q1 2025.

Analysis

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

Yelp has reported Net Margin for 15 years, with the latest figure at 4.91% in Q1 2026.

Quarterly Net Margin fell 191.0% year-over-year to 4.91% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 9.46% (down 49.0% YoY) and the FY2025 annual result came in at 9.94%, up 53.0% from the prior year.
Net Margin declined to 4.91% in Q1 2026 per YELP's latest filing, from 10.49% in the prior quarter.
Over five years, Net Margin peaked at 16.87% in Q3 2023 and troughed at 0.38% in Q1 2023.
A 5-year average of 7.21% and a median of 6.81% in 2025 frame the typical range for Net Margin.
The sharpest annual moves came in 2023 and 2024: Net Margin soared 1392 bps in 2023, then plunged 620 bps in 2024.
Over 5 years, Net Margin stood at 6.52% in 2022, then advanced by 23 bps to 8.0% in 2023, then jumped by 46 bps to 11.67% in 2024, then slipped by 10 bps to 10.49% in 2025, then sank by 53 bps to 4.91% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 4.91%, 10.49%, and 10.46% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Alphabet	4,083.83 Bn	3,654.79 Bn	73.85 Bn	93.58%
2	Meta Platforms	1,456.07 Bn	1,365.81 Bn	49.47 Bn	26.07%
3	Spotify Technology	111.71 Bn	104.79 Bn	1.86 Bn	11.41%
4	Nebius	50.03 Bn	40.93 Bn	448.70 Mn	-2.47%
5	Reddit	28.44 Bn	25.65 Bn	734.60 Mn	31.41%
6	Bilibili	13.59 Bn	11.45 Bn	433.97 Mn	4.33%
7	Tencent Music Entertainment	12.71 Bn	9.21 Bn	582.00 Mn	-
8	Pinterest	12.21 Bn	10.93 Bn	922.30 Mn	-3.96%
9	Match	9.45 Bn	8.86 Bn	648.84 Mn	19.99%
10	Yelp	1.23 Bn	1.14 Bn	333.74 Mn	8.43%

Historic Data

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