Yelp (YELP) Operating Margin (2011 - 2026)
Yelp's Operating Margin came in at 11.65% for Q2 2026, down 2.74 percentage points from 14.39% a year earlier but up 4.09 percentage points from the prior quarter.
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Analysis
Yelp (YELP) Operating Margin (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Yelp reported Operating Margin of 11.73%, down 0.87 percentage points year-over-year; for FY2025, it was 12.60%, up 1.90 percentage points from FY2024.
- Operating Margin has increased in each of the last five years, with a five-year change of +17.04 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 10.70% in FY2024 (+4.79 pp), 5.91% in FY2023 (+1.02 pp), 4.89% in FY2022 (+1.84 pp) and 3.05% in FY2021 (+7.50 pp).
- The five-year range for quarterly Operating Margin is -2.11% (Q1 2023) to 14.76% (Q4 2024).
- Year-over-year, Operating Margin has declined for three consecutive quarters, with an average year-over-year change of +1.61 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2023 (a gain of 7.79 percentage points), and the weakest in Q3 2022 (a drop of 3.70 percentage points).
- Business Quant data shows YELP's Operating Margin at 7.55% (Q1 2026), 13.58% (Q4 2025) and 14.06% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,537.64 Bn | 3,272.54 Bn | 76.16 Bn | 31.81% |
| 2 | Meta Platforms | 1,639.18 Bn | 1,303.69 Bn | 51.23 Bn | 20.10% |
| 3 | Netflix | 263.74 Bn | 225.04 Bn | 6.80 Bn | 34.63% |
| 4 | Alibaba Group Holding | 244.82 Bn | 58.45 Bn | 15.16 Bn | 5.64% |
| 5 | Shopify | 194.54 Bn | 173.34 Bn | 1.78 Bn | 15.18% |
| 6 | Uber Technologies | 143.76 Bn | 114.57 Bn | 6.42 Bn | 9.80% |
| 7 | AppLovin | 135.26 Bn | 123.78 Bn | 1.94 Bn | 78.22% |
| 8 | Spotify Technology | 123.19 Bn | 80.11 Bn | 1.89 Bn | 13.52% |
| 9 | Booking Holdings | 121.82 Bn | 55.57 Bn | - | 38.43% |
| 10 | Yelp | 1.06 Bn | 198.87 Mn | 333.74 Mn | 11.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.65% |
| Mar 31, 2026 | 7.55% |
| Dec 31, 2025 | 13.58% |
| Sep 30, 2025 | 14.06% |
| Jun 30, 2025 | 14.39% |
| Mar 31, 2025 | 8.22% |
| Dec 31, 2024 | 14.76% |
| Sep 30, 2024 | 12.95% |
| Jun 30, 2024 | 11.13% |
| Mar 31, 2024 | 3.37% |
| Dec 31, 2023 | 7.31% |
| Sep 30, 2023 | 12.13% |
| Jun 30, 2023 | 5.56% |
| Mar 31, 2023 | -2.11% |
| Dec 31, 2022 | 10.80% |
| Sep 30, 2022 | 4.35% |
| Jun 30, 2022 | 5.35% |
| Mar 31, 2022 | -1.61% |
| Dec 31, 2021 | 7.17% |
| Sep 30, 2021 | 8.04% |
API Access
Yelp Operating Margin 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-margin&ticker=YELP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=YELP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();