Growth Metrics

Yelp (YELP) Operating Leases (2019 - 2025)

Yelp (YELP) has disclosed Operating Leases for 7 consecutive years, with $24.9 million as the latest value for Q4 2025.

  • Quarterly Operating Leases rose 10.71% to $24.9 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $24.9 million through Dec 2025, up 10.71% year-over-year, with the annual reading at $24.9 million for FY2025, 10.71% up from the prior year.
  • Operating Leases hit $24.9 million in Q4 2025 for Yelp, up from $19.0 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $182.3 million in Q2 2021 to a low of $19.0 million in Q3 2025.
  • Historically, Operating Leases has averaged $84.4 million across 5 years, with a median of $77.3 million in 2023.
  • Biggest YoY gain for Operating Leases was 10.71% in 2025; the steepest drop was 73.63% in 2025.
  • Year by year, Operating Leases stood at $128.0 million in 2021, then plummeted by 32.28% to $86.7 million in 2022, then plummeted by 44.54% to $48.1 million in 2023, then plummeted by 53.25% to $22.5 million in 2024, then increased by 10.71% to $24.9 million in 2025.
  • Business Quant data shows Operating Leases for YELP at $24.9 million in Q4 2025, $19.0 million in Q3 2025, and $30.6 million in Q2 2025.