Yelp (YELP) Operating Expenses (2011 - 2026)
Yelp (YELP) posted Operating Expenses of $334.2 million for Q1 2026, up 7.41% sequentially from $311.1 million in Q4 2025, and up 1.55% YoY from $329.1 million in Q1 2025.
Analysis
Yelp (YELP) Operating Expenses (2011 - 2026) Analysis & Trends
Yelp has reported Operating Expenses for 15 years, with the latest figure at $334.2 million in Q1 2026.
- Quarterly Operating Expenses rose 1.55% year-over-year to $334.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 1.34% YoY) and the FY2025 annual result came in at $1.3 billion, up 1.54% from the prior year.
- Operating Expenses improved to $334.2 million in Q1 2026 per YELP's latest filing, from $311.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $334.2 million in Q1 2026 and troughed at $275.7 million in Q4 2022.
- A 5-year average of $309.9 million and a median of $317.1 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses grew 19.38% in 2022, then retreated 2.78% in 2024.
- Over 5 years, Operating Expenses stood at $275.7 million in 2022, then grew by 15.1% to $317.4 million in 2023, then dropped by 2.78% to $308.5 million in 2024, then advanced by 0.84% to $311.1 million in 2025, then increased by 7.41% to $334.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $334.2 million, $311.1 million, and $323.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 640.46 Mn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 758.20 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 573.19 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | -379.21 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | -191.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 1.23 Bn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 607.66 Mn |
| 10 | Yelp | 1.23 Bn | 1.14 Bn | 333.74 Mn | 331.79 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 331.79 Mn |
| Mar 31, 2026 | 334.16 Mn |
| Dec 31, 2025 | 311.10 Mn |
| Sep 30, 2025 | 323.15 Mn |
| Jun 30, 2025 | 317.10 Mn |
| Mar 31, 2025 | 329.07 Mn |
| Dec 31, 2024 | 308.52 Mn |
| Sep 30, 2024 | 313.69 Mn |
| Jun 30, 2024 | 317.27 Mn |
| Mar 31, 2024 | 321.54 Mn |
| Dec 31, 2023 | 317.36 Mn |
| Sep 30, 2023 | 303.25 Mn |
| Jun 30, 2023 | 318.38 Mn |
| Mar 31, 2023 | 319.03 Mn |
| Dec 31, 2022 | 275.72 Mn |
| Sep 30, 2022 | 295.47 Mn |
| Jun 30, 2022 | 282.88 Mn |
| Mar 31, 2022 | 281.08 Mn |
| Dec 31, 2021 | 253.81 Mn |
| Sep 30, 2021 | 247.51 Mn |