YELPNYSEServices-Personal ServicesFiscal year ends December 31
YELP INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$19.57−0.31 (-1.56%)
Close on Oct 19, 2026
- Market cap
- $1.09B
- P/E (TTM)
- 9.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
90.3%−3.2 pts over 5 years
Operating margin
12.6%+17.0 pts over 5 years
Net margin
9.9%+12.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.7% | +7.1% | +10.9% | +10.3% | |
| Gross profit | +2.6% | +6.7% | +10.1% | +10.2% | |
| Operating income | +22.2% | +46.8% | – | – | |
| Net income | +9.6% | +58.8% | – | – | |
| EPS, diluted | +19.1% | +64.9% | – | – | |
| Free cash flow | +30.3% | +26.4% | +17.5% | +28.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -0.2% | -2.4% | 20.0% | |
| Return on assets | -0.2% | -1.7% | 15.0% | |
| Current ratio | 9.29 | 4.98 | 2.99 | |
| Capex to revenue | 3.2% | 3.7% | 3.3% | |
| Diluted shares | 77M | 73M | 65M |
Where the cash went
Fiscal 2021 to 2025, five years combined
YELP generated $1.37B from operations and spent $1.38B on capital expenditure, dividends and share buybacks. 13% of that went back into the business.
Generated
$1.37B
Used
$1.38B
Capital expenditure$172.81M13%Dividends$00%Share buybacks$1.20B87%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.9%
×Asset turnover1.51×
×Equity multiplier1.33×
=Return on equity, FY202520.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.9% | 1.51× | 1.33× | 20.0% |
| FY2024 | 9.4% | 1.41× | 1.34× | 17.8% |
| FY2023 | 7.4% | 1.32× | 1.39× | 13.6% |
| FY2022 | 3.0% | 1.16× | 1.41× | 5.0% |
| FY2021 | 3.8% | 0.94× | 1.37× | 4.9% |
| FY2020 | -2.2% | 0.78× | 1.38× | -2.4% |
| FY2019 | 4.0% | 0.90× | 1.23× | 4.5% |
| FY2018 | 5.9% | 0.79× | 1.10× | 5.1% |
| FY2017 | 18.0% | 0.81× | 1.10× | 15.9% |
| FY2016 | -0.2% | 0.87× | 1.08× | -0.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$145.60M
- Cash generatingOperating cash flow above zero$372.03M
- Return on assets improvedROA up on the prior year13.1% → 14.8%
- Earnings backed by cashOperating cash flow above net income$372.03M vs $145.60M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.34 → 2.99
- No dilutionShare count did not rise71M → 65M
- Gross margin improvedGross margin up on the prior year91.24% → 90.27%
- More efficientAsset turnover rose1.39 → 1.49