Yelp Inc income statement
In fiscal 2025, Yelp Inc reported revenue of $1.46bn, up 3.7% on the year before, operating income of $185m (a 12.6% margin) and net income of $146m, or $2.24 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 48 | 83 | 138 | 233 | 378 | 550 | 716 | 851 | 943 | 1,014 | 873 | 1,032 | 1,194 | 1,337 | 1,412 | 1,465 | 1,473 |
| Cost of revenue | 3 | 6 | 10 | 17 | 24 | 51 | 60 | 71 | 58 | 62 | 57 | 78 | 106 | — | — | — | — |
| Gross profit | 45 | 77 | 128 | 216 | 353 | 499 | 656 | 780 | 885 | 952 | 816 | 954 | 1,088 | — | — | — | — |
| Research and development | 7 | 12 | 20 | 38 | 65 | 105 | 133 | 171 | 206 | 226 | 230 | 265 | 295 | 321 | 311 | 298 | — |
| Selling and marketing | 34 | 55 | 86 | 132 | 201 | 302 | 380 | 437 | 483 | 500 | 437 | 454 | 515 | 557 | 586 | 592 | 608 |
| General and administrative | 11 | 17 | 32 | 43 | 58 | 81 | 100 | 110 | 121 | 136 | 130 | 136 | 164 | 212 | 185 | 182 | 181 |
| Operating income | −10 | −16 | −19 | −9 | 11 | −21 | −2 | 180 | 26 | 36 | −39 | 32 | 58 | 79 | 151 | 185 | 173 |
| Income before tax | −9 | −17 | −19 | −9 | 11 | −21 | −0 | 184 | 40 | 50 | −35 | 34 | 67 | 105 | 183 | 204 | 184 |
| Income tax | 0 | 0 | 0 | 1 | −25 | 12 | 1 | 31 | −15 | 9 | −16 | −6 | 30 | 6 | 50 | 58 | 58 |
| Net income | −10 | −17 | −19 | −10 | 36 | −33 | −2 | 153 | 55 | 41 | −19 | 40 | 36 | 99 | 133 | 146 | 127 |
| Diluted EPS | −$0.71 | −$1.10 | −$0.35 | −$0.15 | $0.48 | −$0.44 | −$0.02 | $1.76 | $0.62 | $0.52 | −$0.27 | $0.50 | $0.50 | $1.35 | $1.88 | $2.24 | $2.09 |
| Diluted shares (average) | 14m | 15m | 54m | 66m | 77m | 75m | 77m | 87m | 89m | 78m | 73m | 79m | 73m | 74m | 71m | 65m | 61m |
| EBITDA | −7 | −12 | −12 | 3 | 29 | 8 | 33 | 221 | 69 | 85 | 12 | 87 | 103 | 121 | 191 | 235 | 233 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 360 | 362 | 359 | 370 | 376 | 360 | 361 | 376 |
| Selling and marketing | 145 | 143 | 146 | 145 | 151 | 150 | 153 | 154 |
| General and administrative | 50 | 45 | 52 | 46 | 45 | 38 | 49 | 48 |
| Operating income | 47 | 53 | 29 | 53 | 53 | 49 | 27 | 44 |
| Interest expense | — | — | — | 0 | — | — | — | 2 |
| Income before tax | 54 | 60 | 35 | 59 | 58 | 52 | 30 | 44 |
| Income tax | 15 | 18 | 11 | 15 | 19 | 14 | 12 | 13 |
| Net income | 38 | 42 | 24 | 44 | 39 | 38 | 18 | 32 |
| Diluted EPS | $0.56 | $0.61 | $0.36 | $0.67 | $0.61 | $0.61 | $0.30 | $0.57 |
| EBITDA | 56 | 65 | 42 | 66 | 65 | 62 | 44 | 62 |
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