Yelp annual operating margin
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Yelp Operating Margin Growth & History (YELP)
Yelp's operating margin was 12.60% for fiscal 2025.
View full Yelp company overviewYelp annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 12.60% | +1.90 pp |
| 2024 | 2024-12-31 | 10.70% | +4.79 pp |
| 2023 | 2023-12-31 | 5.91% | +1.02 pp |
| 2022 | 2022-12-31 | 4.89% | +1.84 pp |
| 2021 | 2021-12-31 | 3.05% | +7.50 pp |
| 2020 | 2020-12-31 | −4.44% | −7.95 pp |
| 2019 | 2019-12-31 | 3.50% | +0.75 pp |
| 2018 | 2018-12-31 | 2.75% | −18.36 pp |
| 2017 | 2017-12-31 | 21.11% | +21.39 pp |
| 2016 | 2016-12-31 | −0.28% | +3.60 pp |
| 2015 | 2015-12-31 | −3.88% | −6.81 pp |
| 2014 | 2014-12-31 | 2.93% | +6.72 pp |
| 2013 | 2013-12-31 | −3.79% | +9.85 pp |
| 2012 | 2012-12-31 | −13.64% | +5.78 pp |
| 2011 | 2011-12-31 | −19.42% | +0.50 pp |
| 2010 | 2010-12-31 | −19.92% | — |
Yelp quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 11.65% | −2.74 pp |
| Q1 2026 | 2026-03-31 | 7.55% | −0.66 pp |
| Q4 2025 | 2025-12-31 | 13.58% | −1.18 pp |
| Q3 2025 | 2025-09-30 | 14.06% | +1.12 pp |
| Q2 2025 | 2025-06-30 | 14.39% | +3.25 pp |
| Q1 2025 | 2025-03-31 | 8.22% | +4.85 pp |
| Q4 2024 | 2024-12-31 | 14.76% | +7.46 pp |
| Q3 2024 | 2024-09-30 | 12.95% | +0.81 pp |
| Q2 2024 | 2024-06-30 | 11.13% | +5.57 pp |
| Q1 2024 | 2024-03-31 | 3.37% | +5.48 pp |
| Q4 2023 | 2023-12-31 | 7.31% | −3.49 pp |
| Q3 2023 | 2023-09-30 | 12.13% | +7.79 pp |
| Q2 2023 | 2023-06-30 | 5.56% | +0.21 pp |
| Q1 2023 | 2023-03-31 | −2.11% | −0.50 pp |
| Q4 2022 | 2022-12-31 | 10.80% | +3.63 pp |
| Q3 2022 | 2022-09-30 | 4.35% | −3.70 pp |
| Q2 2022 | 2022-06-30 | 5.35% | +5.77 pp |
| Q1 2022 | 2022-03-31 | −1.61% | +2.11 pp |
| Q4 2021 | 2021-12-31 | 7.17% | +0.96 pp |
| Q3 2021 | 2021-09-30 | 8.04% | +3.82 pp |
| Q2 2021 | 2021-06-30 | −0.42% | +20.49 pp |
| Q1 2021 | 2021-03-31 | −3.72% | +7.18 pp |
| Q4 2020 | 2020-12-31 | 6.21% | −0.36 pp |
| Q3 2020 | 2020-09-30 | 4.22% | +0.58 pp |
| Q2 2020 | 2020-06-30 | −20.91% | −25.85 pp |
| Q1 2020 | 2020-03-31 | −10.90% | −9.26 pp |
| Q4 2019 | 2019-12-31 | 6.56% | +1.34 pp |
| Q3 2019 | 2019-09-30 | 3.64% | −0.67 pp |
| Q2 2019 | 2019-06-30 | 4.94% | +1.69 pp |
| Q1 2019 | 2019-03-31 | −1.65% | +0.52 pp |
| Q4 2018 | 2018-12-31 | 5.22% | −72.37 pp |
| Q3 2018 | 2018-09-30 | 4.31% | +1.22 pp |
| Q2 2018 | 2018-06-30 | 3.24% | −0.16 pp |
| Q1 2018 | 2018-03-31 | −2.16% | +0.20 pp |
| Q4 2017 | 2017-12-31 | 77.59% | +71.79 pp |
| Q3 2017 | 2017-09-30 | 3.09% | +2.03 pp |
| Q2 2017 | 2017-06-30 | 3.41% | +4.09 pp |
| Q1 2017 | 2017-03-31 | −2.37% | +6.63 pp |
| Q4 2016 | 2016-12-31 | 5.80% | +9.98 pp |
| Q3 2016 | 2016-09-30 | 1.05% | +8.51 pp |
| Q2 2016 | 2016-06-30 | −0.68% | −0.72 pp |
| Q1 2016 | 2016-03-31 | −9.00% | −5.41 pp |
| Q4 2015 | 2015-12-31 | −4.17% | −11.44 pp |
| Q3 2015 | 2015-09-30 | −7.46% | −11.90 pp |
| Q2 2015 | 2015-06-30 | 0.04% | −3.48 pp |
| Q1 2015 | 2015-03-31 | −3.59% | +2.44 pp |
| Q4 2014 | 2014-12-31 | 7.27% | +9.97 pp |
| Q3 2014 | 2014-09-30 | 4.44% | +7.35 pp |
| Q2 2014 | 2014-06-30 | 3.52% | +4.58 pp |
| Q1 2014 | 2014-03-31 | −6.03% | +3.85 pp |
| Q4 2013 | 2013-12-31 | −2.70% | +9.77 pp |
| Q3 2013 | 2013-09-30 | −2.91% | +2.46 pp |
| Q2 2013 | 2013-06-30 | −1.05% | +4.88 pp |
| Q1 2013 | 2013-03-31 | −9.87% | +25.70 pp |
| Q4 2012 | 2012-12-31 | −12.47% | +22.69 pp |
| Q3 2012 | 2012-09-30 | −5.37% | +9.83 pp |
| Q2 2012 | 2012-06-30 | −5.94% | +0.31 pp |
| Q1 2012 | 2012-03-31 | −35.57% | −18.59 pp |
| Q4 2011 | 2011-12-31 | −35.16% | — |
| Q3 2011 | 2011-09-30 | −15.20% | — |
| Q2 2011 | 2011-06-30 | −6.25% | — |
| Q1 2011 | 2011-03-31 | −16.98% | — |
Yelp operating margin trends
Over the last five reported fiscal years, Yelp's operating margin increased from −4.44% to 12.60%, a change of +17.04 percentage points. The latest reported quarter, Q2 2026, shows 11.65%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Yelp filings at SEC.gov ↗