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Yelp (YELP) Operating Leases (2019 - 2026)

Yelp's Operating Leases history spans 7 years, with the latest figure at $17.5 million for Q4 2025.

  • On a quarterly basis, Operating Leases fell 22.34% to $17.5 million in Q4 2025 year-over-year; TTM through Dec 2025 was $17.5 million, a 22.34% decrease, with the full-year FY2025 number at $17.5 million, down 22.34% from a year prior.
  • Operating Leases hit $17.5 million in Q4 2025 for Yelp, down from $27.4 million in the prior quarter.
  • Over the last five years, Operating Leases for YELP hit a ceiling of $197.8 million in Q1 2021 and a floor of $17.5 million in Q4 2025.
  • Historically, Operating Leases has averaged $83.4 million across 5 years, with a median of $67.4 million in 2023.
  • The widest YoY moves for Operating Leases: up 6.26% in 2024, down 69.31% in 2024.
  • Tracing YELP's Operating Leases over 5 years: stood at $128.0 million in 2021, then crashed by 32.28% to $86.7 million in 2022, then crashed by 44.54% to $48.1 million in 2023, then crashed by 53.25% to $22.5 million in 2024, then fell by 22.34% to $17.5 million in 2025.
  • Business Quant data shows Operating Leases for YELP at $17.5 million in Q4 2025, $27.4 million in Q3 2025, and $20.7 million in Q2 2025.