Yelp
Connects consumers with local businesses through reviews, ads, quotes, and restaurant tools.
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Profile
Runs a local-business discovery platform built on reviews, photos, search, quote requests, reservations, and transactions. Revenue comes mainly from Yelp Ads and related services-category advertising, with smaller subscription, data API, and partner transaction lines in a business concentrated in the United States.
Connects consumers with local businesses through reviews, photos, search, quote requests, waitlists, reservations, appointments, purchases, and partner transactions. Business customers pay mainly for Yelp Ads placements, including sponsored search results, business-page placements, the Yelp Ads Network, and Request-a-Quote for services businesses.
Runs one consolidated reporting segment, with activity concentrated in the United States. The largest commercial emphasis is Services advertising, supported by auto-services expansion through RepairPal and AI lead management through Hatch.
Adds subscription tools such as Yelp Guest Manager, Yelp Receptionist, and Yelp Host, plus Yelp Places API, Yelp AI API, and Yelp Insights API. The model depends on useful local content, reliable reviews, ad targeting, and advertiser measurement.
Company facts
Categories
Key statistics
Year to date −23.2% · Average volume (30d) 1.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 15, 2026 | Morgan Stanley | Reiterate | Underweight | $24 | ||
| May 11, 2026 | Evercore ISI | Target | $45 | $30 | ||
| May 8, 2026 | Robert W. Baird | Target | $25 | $28 | ||
| Feb 13, 2026 | Robert W. Baird | Target | $25 | |||
| Jan 13, 2026 | UBS | Target | $43 | $28 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.36 | $0.57 | +56.4% | $366.9M | $375.5M | +2.4% | +2.08% |
| May 7, 2026Q1 FY26 | $0.26 | $0.36 | +38.5% | $353.5M | $361.5M | +2.3% | −4.98% |
| Feb 12, 2026Q4 FY25 | $0.47 | $0.61 | +29.8% | $359.3M | $360.0M | +0.2% | −8.10% |
| Nov 6, 2025Q3 FY25 | $0.47 | $0.61 | +29.8% | $358.7M | $376.0M | +4.8% | −10.02% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $358.5M | $370.4M | $376.0M | $360.0M | $361.5M | $375.5M | |
| Gross profit | $323.7M | $334.9M | $339.8M | $324.0M | $306.8M | $333.7M | |
| Operating income | $29.5M | $53.3M | $52.9M | $48.9M | $32.6M | $43.7M | |
| Net income | $24.4M | $44.1M | $39.3M | $37.8M | $17.7M | $31.7M | |
| Diluted EPS | $0.36 | $0.67 | $0.60 | $0.61 | $0.30 | $0.57 | |
| Gross margin | 90.3% | 90.4% | 90.3% | 90.0% | 84.9% | 88.9% | |
| Operating margin | 8.2% | 14.4% | 14.1% | 13.6% | 9.0% | 11.6% |
Fiscal years (4-quarter sums)FY21 $1.03B · FY22 $1.19B · FY23 $1.34B · FY24 $1.41B · FY25 $1.46B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $94.1M · Total debt $123.3M · Total assets $990.6M · Shareholders' equity $644.5M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 54.99M · Float 53.21M · 96.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 9.66M | 17.57% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 4.16M | 7.57% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 3.14M | 5.70% | 13G | Jul 14, 2026 |
| LSV Asset Management | 2.78M | 5.10% | 13G | Aug 6, 2026 |
| Vanguard Capital Management LLC | 2.36M | 4.30% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Alexander Coleman Levy | officer: Chief Technology Officer | −3,829 | $23.40 |
| Aug 21, 2026 | David A. Schwarzbach | officer: Chief Financial Officer | −8,809 | $23.19 |
| Aug 3, 2026 | Joseph R. Nachman | officer: Chief Operating Officer | −4,500 | $26.91 |
| Jul 2, 2026 | Carmen Amara | officer: Chief People Officer | −23,233 | $27.00 |
| Jul 1, 2026 | Carmen Amara | officer: Chief People Officer | −1,500 | $24.95 |
Peers
- Alphabet Class A
Primary overlap in local search, reviews, and services ads
- Meta
Social discovery and lead ads for local businesses
- Angi
Direct home-services lead marketplace overlap
- DoorDash
Restaurant marketplace, ordering, and merchant ads overlap
- Booking
OpenTable restaurant reservations and operations tools
- Tripadvisor
Restaurant and travel-adjacent review discovery
- Reddit
Community recommendations and intent-based advertising
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Yelp | $23.18 | 0.00% | $1.27B | 11.1 | 10.9 | 0.9 | +1.4% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Meta | $578.36 | +0.06% | $1.47T | 21.8 | 19.0 | 6.5 | +28.0% |
| Angi | $5.03 | 0.00% | $203.9M | — | 10.8 | 0.2 | −10.9% |
| DoorDash | $236.80 | +0.06% | $103.15B | 123.9 | 67.9 | 6.5 | +35.6% |
| Booking | $205.82 | +0.10% | $159.34B | 22.8 | 18.5 | 5.6 | +8.2% |
| Tripadvisor | $10.00 | +1.36% | $1.15B | 987.0 | 10.0 | 0.6 | −16.5% |
| $153.35 | +0.28% | $29.44B | 35.6 | 25.0 | 10.6 | +61.1% | |
| Median | 29.2 | 19.0 | 6.5 | +24.2% |