Yelp (YELP) Operating Leases (2019 - 2026)
Yelp (YELP) reported Operating Leases of $15.95 million for Q2 2026, down 23.1% from $20.75 million a year earlier and down 10.7% from the prior quarter.
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Analysis
Yelp (YELP) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Yelp posted Operating Leases of $17.45 million, down 22.3% from FY2024.
- Operating Leases has declined for six consecutive years, with a five-year compound annual growth rate of -34.9% (FY2020 to FY2025).
- By year, Operating Leases came in at $22.47 million in FY2024 (-53.3%), $48.07 million in FY2023 (-44.5%), $86.66 million in FY2022 (-32.3%) and $127.98 million in FY2021 (-14.1%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Leases in data going back to Q1 2019.
- Year over year, Operating Leases has now declined in each of the last 20 quarters, with an average decline of 34.4% over the last eight quarters.
- The year-over-year decline in Operating Leases has ranged between 10.9% (Q3 2021) and 55.0% (Q3 2024) over the last five years.
- Per Business Quant data, the three quarters before Q2 2026 came in at $17.86 million (Q1 2026), $17.45 million (Q4 2025) and $18.95 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,126.42 Bn | 3,883.94 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,763.57 Bn | 1,466.09 Bn | 49.47 Bn |
| 3 | Netflix | 287.17 Bn | 247.37 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 252.08 Bn | 65.86 Bn | 15.11 Bn |
| 5 | Shopify | 224.54 Bn | 201.72 Bn | 1.71 Bn |
| 6 | Uber Technologies | 140.28 Bn | 112.08 Bn | 6.38 Bn |
| 7 | Booking Holdings | 125.81 Bn | 58.86 Bn | - |
| 8 | PDD Holdings | 114.10 Bn | -129.68 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.24 Bn | 65.74 Bn | 1.86 Bn |
| 10 | Yelp | 1.12 Bn | 263.02 Mn | 333.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.95 Mn |
| Mar 31, 2026 | 17.86 Mn |
| Dec 31, 2025 | 17.45 Mn |
| Sep 30, 2025 | 18.95 Mn |
| Jun 30, 2025 | 20.75 Mn |
| Mar 31, 2025 | 20.40 Mn |
| Dec 31, 2024 | 22.47 Mn |
| Sep 30, 2024 | 25.91 Mn |
| Jun 30, 2024 | 32.54 Mn |
| Mar 31, 2024 | 38.01 Mn |
| Dec 31, 2023 | 48.07 Mn |
| Sep 30, 2023 | 57.53 Mn |
| Jun 30, 2023 | 67.78 Mn |
| Mar 31, 2023 | 77.18 Mn |
| Dec 31, 2022 | 86.66 Mn |
| Sep 30, 2022 | 95.14 Mn |
| Jun 30, 2022 | 105.81 Mn |
| Mar 31, 2022 | 117.40 Mn |
| Dec 31, 2021 | 127.98 Mn |
| Sep 30, 2021 | 138.43 Mn |
API Access
Yelp Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=YELP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "YELP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=YELP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();