Filing Flows › Yelp (YELP) › Q2 2026 › vs Q1 2026
Yelp (YELP) Q2 2026 vs Q1 2026 (quarter over quarter)
Yelp's revenue rose $14.1M (+4%) from $361M in Q1 2026 to $376M in Q2 2026. The biggest changes: Total advertising +$10.0M (+3%); Other +$4.1M (+14%). Operating margin 11.6% against 7.6% (+4.1 pts).
Yelp, Q2 2026: revenue $376M (+1% year over year), operating margin 11.6%, net earnings $31.7M, operating cash flow $75.8M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 11.6% | 7.6% | +4.1 pts |
| Net margin | 8.4% | 4.9% | +3.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Services | $241M | $234M | $7.2M | +3% |
| Restaurants, Retail & Other | $102M | $98.7M | $2.8M | +3% |
| Total advertising | $342M | $332M | $10.0M | +3% |
| Other | $33.0M | $29.0M | $4.1M | +14% |
| Revenue | $376M | $361M | $14.1M | +4% |
| Operating profit | $43.7M | $27.3M | $16.4M | +60% |
| Costs & expenses | $332M | $334M | −$2.4M | -0.7% |
| Pre-tax earnings | $44.5M | $29.9M | $14.6M | +49% |
| Cost of revenue | $41.8M | $38.4M | $3.4M | +9% |
| Sales & marketing | $154M | $153M | $552K | +0.4% |
| General & admin | $47.9M | $49.4M | −$1.5M | -3% |
| Other operating costs | $88.6M | $93.4M | −$4.8M | -5% |
| Net earnings | $31.7M | $17.7M | $13.9M | +78% |
| Income tax | $12.8M | $12.1M | $662K | +5% |
| Depreciation & amortization | $18.1M | $16.2M | $1.9M | +12% |
| Share-based compensation | $25.7M | $30.5M | −$4.8M | -16% |
| Working capital & other | $303K | −$6.7M | $7.0M | — |
| Operating cash flow | $75.8M | $57.8M | $18.0M | +31% |
Questions
How much did Yelp's revenue grow quarter over quarter in Q2 2026?
Yelp's revenue rose $14.1M (+4%) from $361M in Q1 2026 to $376M in Q2 2026.
What drove Yelp's revenue change in Q2 2026?
Total advertising +$10.0M (+3%); Other +$4.1M (+14%).