Filing Flows › Yelp (YELP) › Q2 2026
Yelp (YELP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Yelp (YELP) reported revenue of $376M for the second quarter 2026 (Q2 2026), +1% from a year earlier and +4% from the quarter before. Operating margin was 11.6%, net earnings $31.7M (8.4% of revenue).
Yelp, Q2 2026: revenue $376M (+1% year over year), operating margin 11.6%, net earnings $31.7M, operating cash flow $75.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $376M | +4% | +1% |
| Operating profit | $43.7M | +60% | -18% |
| Net earnings | $31.7M | +78% | -28% |
| Operating cash flow | $75.8M | +31% | +31% |
| Free cash flow | $61.1M | — | +36% |
What changed
Revenue was $375.5M in Q2 2026, up 1% year over year and up 4% from the previous quarter. Services was the largest line at 64% of revenue. Other added $16.3M year over year (up 98%), 319% of the total change. Restaurants, Retail & Other declined 10%.
Operating profit was $43.7M, a 11.6% margin (down 2.7 points year over year). Operating profit fell $9.6M even though revenue rose $5.1M versus Q2 2025, so costs grew faster than sales. Total costs grew 5% against revenue growth of 1%. The fastest-growing cost line was Cost of revenue (+18%). Net earnings were $31.7M, down 28% year over year. The effective tax rate was 28.8%.
Operating cash flow was $75.8M (up 31% year over year), 240% of net earnings. Non-cash charges added back $18.1M of depreciation and amortization and $25.7M of share-based compensation. After purchases of property, equipment and software ($14.7M), free cash flow as the company reports it was $61.1M.
Questions
What was Yelp's revenue in the second quarter 2026?
Yelp (YELP) reported revenue of $376M for the second quarter 2026 (Q2 2026), +1% from a year earlier and +4% from the quarter before.
Was Yelp profitable in the second quarter 2026?
Operating profit was $43.7M (11.6% of revenue) and net earnings $31.7M.
Source: Yelp 10-Q on SEC EDGAR.