Filing Flows › Yelp (YELP) › Q3 2026 › vs Q3 2025
Yelp (YELP) Q3 2026 vs Q3 2025 (year over year)
Yelp's revenue fell $5.1M (-1%) from $376M in Q3 2025 to $371M in Q3 2026. The biggest changes: Total advertising −$20.4M (-6%); Other +$15.2M (+82%). Operating margin 13.2% against 14.1% (-0.9 pts).
Yelp, Q3 2026: revenue $371M (-1% year over year), operating margin 13.2%, net earnings $34.6M, operating cash flow $100M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 13.2% | 14.1% | -0.9 pts |
| Net margin | 9.3% | 10.5% | -1.1 pts |
| Free cash flow margin | 22.8% | 31.6% | -8.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Services | $238M | $244M | −$5.6M | -2% |
| Restaurants, Retail & Other | $98.8M | $114M | −$14.8M | -13% |
| Total advertising | $337M | $357M | −$20.4M | -6% |
| Other | $33.9M | $18.7M | $15.2M | +82% |
| Revenue | $371M | $376M | −$5.1M | -1% |
| Other income, net | $1.4M | $5.3M | −$4.0M | -75% |
| Operating profit | $48.9M | $52.9M | −$4.0M | -8% |
| Costs & expenses | $322M | $323M | −$1.1M | -0.3% |
| Pre-tax earnings | $50.2M | $58.2M | −$8.0M | -14% |
| Cost of revenue | $42.2M | $36.3M | $5.9M | +16% |
| Sales & marketing | $152M | $151M | $760K | +0.5% |
| General & admin | $46.3M | $45.5M | $882K | +2% |
| Other operating costs | $82.0M | $90.7M | −$8.6M | -10% |
| Net earnings | $34.6M | $39.3M | −$4.8M | -12% |
| Income tax | $15.7M | $18.9M | −$3.2M | -17% |
| Depreciation & amortization | $17.4M | $12.5M | $4.8M | +39% |
| Share-based compensation | $23.1M | $32.9M | −$9.8M | -30% |
| Working capital & other | $24.9M | $46.8M | −$21.8M | -47% |
| Operating cash flow | $100M | $132M | −$31.6M | -24% |
| Free cash flow (company-reported) | $84.5M | $119M | −$34.4M | -29% |
| Purchases of property, equipment and software | $15.4M | $12.6M | $2.8M | +22% |
Questions
How much did Yelp's revenue grow year over year in Q3 2026?
Yelp's revenue fell $5.1M (-1%) from $376M in Q3 2025 to $371M in Q3 2026.
What drove Yelp's revenue change in Q3 2026?
Total advertising −$20.4M (-6%); Other +$15.2M (+82%).