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Yelp (YELP) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Yelp (YELP) Q3 2026 earnings results →
Q3 2026 Revenue down 1% year over year to $371M · 9¢ of every $1 of revenue kept as net profit · operating margin 13.2%
Yelp made $371M in Q3 2026 (-1% Y/Y): Total advertising $337M, Other $33.9M. Operating margin 13.2%, net earnings $34.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $370.9M in Q3 2026, down 1% year over year and down 1% from the previous quarter. Services was the largest line at 64% of revenue. Restaurants, Retail & Other lost $14.8M year over year (down 13%), 289% of the total change.
Operating profit was $48.9M, a 13.2% margin (down 0.9 points year over year). Total costs fell 0% while revenue fell 1%. The fastest-growing cost line was Cost of revenue (+16%). Net earnings were $34.6M, down 12% year over year. The effective tax rate was 31.2%.
Operating cash flow was $100.0M (down 24% year over year), 289% of net earnings. Non-cash charges added back $17.4M of depreciation and amortization and $23.1M of share-based compensation. Working capital and other items added $24.9M. After purchases of property, equipment and software ($15.4M), free cash flow as the company reports it was $84.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $371M | -1% | 13.2% | $34.6M | $100M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $376M | +1% | 11.6% | $31.7M | $75.8M |
| Q1 2026 | 10-Q | May 8, 2026 | $361M | +0.8% | 7.6% | $17.7M | $57.8M |
| Q4 2025 | 10-K | Feb 27, 2026 | $360M | -0.5% | 13.6% | $37.8M | $84.5M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $376M | +4% | 14.1% | $39.3M | $132M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $370M | +4% | 14.4% | $44.1M | $58.0M |
| Q1 2025 | 10-Q | May 9, 2025 | $359M | +8% | 8.2% | $24.4M | $98.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Buys from
- GOOGL · Stated in 10-K (named, share not stated) · source
- AMZN · Stated in 10-K (named, share not stated) · source
About Yelp
Since Yelp’s founding over 20 years ago, our mission has remained the same — to connect consumers with great local businesses. Over that time, we have built one of the best known Internet brands in the United States. Consumers trust us for the more than 300 million ratings and reviews available on our platform of businesses across a broad range of categories. This consumer trust is the foundation of our business, from which we are able to empower other businesses to succeed. Our advertising products help businesses of all sizes reach a large audience, advertise their products and drive conversion of their services, while our subscription services support businesses operationally.
In its own words, from its 10-K, filed Feb 27, 2026.
Yelp against its Services-Personal Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -1% against the peers' median +2%. Operating margin: 13.2% against the peers' median 13.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| YELP Yelp | Q3 2026 | $371M | -1% | 13.2% |
| HRB H&R Block | Q4 FY26 | $1.1B | +3% | 32.9% |
| SCI Service Corp International | Q3 2026 | $1.1B | +5% | 22.8% |
| UNF Unifirst | Q4 FY26 | $645M | +5% | 6.5% |
| WW WW International | Q3 2026 | $153M | -17% | 23.9% |
| EVI EVI Industries | Q4 FY26 | $122M | +11% | 4.6% |
| CSV Carriage Services | Q3 2026 | $100M | -2% | 19.3% |
| RGS Regis | Q1 FY27 | $54.3M | -8% | 9.8% |
| DLPN Dolphin Entertainment | Q2 2026 | $14.4M | +2% | -7.1% |
Source: Yelp 10-Q on SEC EDGAR · CIK 1345016 · Services-Personal Services
Guidance and outlook
13F: who owns YELP and who is buying
More on YELP
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results