Filing Flows › Yelp (YELP) › Q2 2026 › vs Q2 2025
Yelp (YELP) Q2 2026 vs Q2 2025 (year over year)
Yelp's revenue rose $5.1M (+1%) from $370M in Q2 2025 to $376M in Q2 2026. The biggest changes: Other +$16.3M (+98%); Total advertising −$11.2M (-3%). Operating margin 11.6% against 14.4% (-2.7 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 11.6% | 14.4% | -2.7 pts |
| Net margin | 8.4% | 11.9% | -3.5 pts |
| Free cash flow margin | 16.3% | 12.2% | +4.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Services | $241M | $241M | $161K | +0.1% |
| Restaurants, Retail & Other | $102M | $113M | −$11.4M | -10% |
| Total advertising | $342M | $354M | −$11.2M | -3% |
| Other | $33.0M | $16.7M | $16.3M | +98% |
| Revenue | $376M | $370M | $5.1M | +1% |
| Operating profit | $43.7M | $53.3M | −$9.6M | -18% |
| Costs & expenses | $332M | $317M | $14.7M | +5% |
| Pre-tax earnings | $44.5M | $59.0M | −$14.5M | -25% |
| Cost of revenue | $41.8M | $35.4M | $6.3M | +18% |
| Sales & marketing | $154M | $145M | $8.9M | +6% |
| General & admin | $47.9M | $46.3M | $1.5M | +3% |
| Other operating costs | $88.6M | $90.7M | −$2.1M | -2% |
| Net earnings | $31.7M | $44.1M | −$12.4M | -28% |
| Income tax | $12.8M | $14.9M | −$2.1M | -14% |
| Depreciation & amortization | $18.1M | $12.4M | $5.8M | +47% |
| Share-based compensation | $25.7M | $34.8M | −$9.0M | -26% |
| Working capital & other | $303K | −$33.2M | $33.5M | — |
| Operating cash flow | $75.8M | $58.0M | $17.8M | +31% |
| Free cash flow (company-reported) | $61.1M | $45.0M | $16.1M | +36% |
| Purchases of property, equipment and software | $14.7M | $13.0M | $1.7M | +13% |
Questions
How much did Yelp's revenue grow year over year in Q2 2026?
Yelp's revenue rose $5.1M (+1%) from $370M in Q2 2025 to $376M in Q2 2026.
What drove Yelp's revenue change in Q2 2026?
Other +$16.3M (+98%); Total advertising −$11.2M (-3%).