Yelp (YELP) Operating Leases (2019 - 2026)

Yelp has disclosed Operating Leases across 8 years of filings, most recently posting $24.9 million for Q1 2026.

• Operating Leases for Q1 2026 came in at $24.9 million, down 25.62% year-over-year; the trailing twelve-month figure through Mar 2026 was $24.9 million (down 25.62% YoY), and the FY2025 annual result was $17.5 million, down 22.34% from the prior year.
• Operating Leases came in at $24.9 million for Q1 2026 at Yelp, up from $17.5 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $158.5 million in Q1 2022 to a low of $17.5 million in Q4 2025.
• The 5-year median for Operating Leases is $38.0 million (2024), against an average of $61.7 million.
• Across the five-year window, Operating Leases grew 0.2% in 2023 and slumped 69.31% in 2024, its largest moves.
• Yelp's Operating Leases stood at $86.7 million in 2022, then slumped by 44.54% to $48.1 million in 2023, then tumbled by 53.25% to $22.5 million in 2024, then declined by 22.34% to $17.5 million in 2025, then soared by 42.82% to $24.9 million in 2026.
• The last three Operating Leases figures came in at $24.9 million (Q1 2026), $17.5 million (Q4 2025), and $19.0 million (Q3 2025), per Business Quant data.