YELP Yelp margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 80

Gross margin

89.2%

Operating margin

11.5%

EBITDA margin

16.8%

Net margin

8.3%

Using the latest TTM figures, Yelp shows a gross margin of 89.2%, an operating margin of 11.5%, an EBITDA margin of 16.8%, and a net margin of 8.3%. EBITDA margin had the largest decline, contracting by 1.9 percentage points, while the other available margins also decreased.

YELP margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Yelp recorded average margins of 90.69% gross, 10.55% operating, 16.63% EBITDA, and 9.21% net. Yelp's current performance shows that operating and EBITDA margins are above their three-year averages and gross and net margins are below their three-year averages.

YELP margin expansion

Year-over-year margin changes in percentage points

EBITDA and net margins led the decline, falling by 1.9 percentage points, while the other available margins also decreased.

Gross margin expansion

-1.3pp

Operating margin expansion

-1.4pp

EBITDA margin expansion

-1.9pp

Net margin expansion

-1.9pp

YELP Gross margin

Across the last 3 years, Yelp's gross margin averaged 90.69%. The current gross margin stands at 89.2%, 1.5 percentage points below its three-year average. Gross margin was highest at 91.6% in Jun 2024 and lowest at 89.2% in Sep 2026.

YELP Operating margin

Over the last 3 years, the average operating margin for Yelp was 10.55%. Yelp's current operating margin is 11.5% and is 1 percentage points above its three-year average. Yelp's operating margin ranged from a low of 5.9% in Dec 2023 to a high of 12.9% in Sep 2025.

YELP EBITDA margin

Yelp's EBITDA margin averaged 16.63% across the past 3 years. Compared with its three-year average, Yelp's current EBITDA margin is 16.8% and is 0.2 percentage points above its three-year average. Over the last 3 years, Yelp's EBITDA margin peaked at 18.7% in Sep 2025 and reached a low of 13.1% in Dec 2023.

YELP Net margin

Over the last 3 years, Yelp's net margin averaged 9.21%. The current net margin of 8.3% is 0.9 percentage points below its three-year average. During this period, net margin reached a high of 10.3% in Jun 2025 and a low of 7.4% in Dec 2023.

YELP margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 89.2%, YELP stands above the Technology sector and the industry average. In comparison with its Technology sector average of 52.4%, Yelp's gross margin is 70% higher.

YELP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Yelp's gross margin?

The current gross margin for YELP is 89.2% as of Sep 30, 2026.

What is Yelp's operating margin?

As of Sep 30, 2026, YELP has an operating margin of 11.5%.

What is Yelp's EBITDA margin?

The current EBITDA margin for YELP is 16.8% as of Sep 30, 2026.

What is Yelp's net margin?

The current net margin for YELP is 8.3% as of Sep 30, 2026.

What are the average margins of YELP?

Across the last 3 years, YELP averaged 90.7% gross, 10.6% operating, 16.6% EBITDA, and 9.2% net.

What are the highest historical margins of YELP?

Over the last 5 years, Yelp's highest margins were 92.4% gross in Dec 2021, 12.9% operating in Sep 2025, 18.7% EBITDA in Sep 2025, and 10.3% net in Jun 2025.

What are the lowest historical margins of YELP?

Over this 5-year history, Yelp's margins fell as low as 89.2% gross in Sep 2026, 3.1% operating in Dec 2021, 11.8% EBITDA in Mar 2023, and 2.9% net in Mar 2023.