# Yelp Inc. (YELP)

> Source: Nexqual · https://nexqual.com/YELP · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, Yelp Inc. (YELP), nexqual.com/YELP" · informational, not investment advice.

**Price:** USD 18.96 (+2.93% on the day) · last close of Oct 29, 2026; US market closed, not a live price. Prev close 18.42 · day 17.97–19 · 52w 17.27–34.49 · market cap $1.03B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.47B, net income $127M (8.6% margin), free cash flow $297M (SEC filings).
- Valuation: P/E 8.1x (avg 23.1x at the last 3 fiscal year-ends).
- Analysts: Hold (mean 3.27 on a 1–5 scale) (11 analysts), mean target USD 23.75 (range 17–30).
- Total return with dividends: 1Y -42.8% vs S&P 500 +14.8%; 5Y -50.9% vs S&P 500 +79.1%.
- Next earnings: 2026-11-05, EPS estimate USD 0.43, revenue estimate $369M. All companies reporting that day: https://nexqual.com/earnings/2026-11-05
- Dividend: YELP paid no cash dividend in the last five years.
- Short interest: 34.76% of float (as of 2026-10-15), 7.9 days to cover.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.03B | $1.19B | $1.34B | $1.41B | $1.46B | $1.47B |
| Gross profit | $954M | $1.09B | — | — | — | — |
| Operating income | $31.5M | $58.4M | $79.0M | $151M | $185M | $173M |
| Net income | $39.7M | $36.3M | $99.2M | $133M | $146M | $127M |
| EPS (diluted) | $0.50 | $0.50 | $1.35 | $1.88 | $2.24 | — |
| Free cash flow | $184M | $160M | $279M | $248M | $324M | $297M |
| Gross margin | 92.4% | 91.1% | — | — | — | — |
| Operating margin | 3.1% | 4.9% | 5.9% | 10.7% | 12.6% | 11.7% |
| Net margin | 3.8% | 3.0% | 7.4% | 9.4% | 9.9% | 8.6% |
| Revenue growth | +18.2% | +15.7% | +12.0% | +5.6% | +3.7% | — |
| Cash + short-term investments | $480M | $401M | $441M | $318M | $319M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 8.1x · P/S 0.7x · P/FCF 3.5x · P/B 1.6x · FCF yield 28.91% · Earnings yield 12.30% · Buyback yield (TTM) 32.71%
P/E at fiscal year-ends: Dec 2025 13.6x, Dec 2024 20.6x, Dec 2023 35.1x.

## Analysts
Consensus Hold (mean 3.27 on a 1–5 scale), 11 analysts; mean target USD 23.75 (low 17, high 30).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | Morgan Stanley | Target lowered | Underweight | $24 → $17 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-30) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -42.8% | -50.9% |
| S&P 500 (SPY) | +14.8% | +79.1% |
| Per year | -43.0% | -13.2% |
| Volatility (annualized) | 44.9% | 35.4% |
| Max drawdown | -46.8% (Nov 2025→Sep 2026) | -62.8% (Dec 2023→Sep 2026) |

## Dividends
YELP paid no cash dividend in the last five years.

## Short interest
11,409,512 shares sold short, 34.76% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 10,372,166 shares (+10.0%). Days to cover: 7.9 (short shares ÷ average daily volume).

## Peers (Internet Content & Information)
UPWK (Upwork Inc.) USD 9.12 +1.33% · WBTN (WEBTOON Entertainment Inc.) USD 9.53 +0.11% · WB (Weibo Corporation) USD 6.3 +1.94% · OPRA (Opera Limited) USD 17.37 -6.81% · DJT (Trump Media & Technology Group ) USD 5.78 -3.18% · GENI (Genius Sports Limited) USD 6.46 +1.73%

## More
Full page: https://nexqual.com/YELP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.43 | $0.57 | -25.9% | $368.6M | 7 |
| Next quarter (ends 2026-12-31) | $0.48 | $0.65 | -26.7% | $360.8M | 7 |
| Current fiscal year (ends 2026-12-31) | $1.77 | $1.89 | -6.5% | $1.47B | 7 |
| Next fiscal year (ends 2027-12-31) | $2.48 | $2.58 | -3.7% | $1.51B | 8 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.57 | $0.36 | Beat +58.3% | — |
| — | Quarter ended Mar 31, 2026 | $0.30 | $0.26 | Beat +15.4% | — |
| — | Quarter ended Dec 31, 2025 | $0.61 | $0.58 | Beat +5.2% | — |
| — | Quarter ended Sep 30, 2025 | $0.61 | $0.53 | Beat +15.1% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).