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Financial Performance
Revenue
$1.5B
Market Cap
$2.5B
Net Income
$145.6M
Employees
4,000
Yelp reported $1.5B in revenue for fiscal year 2025, up 3.7% from 2024. Net income was $145.6M.
Yelp is functioning as a specialized, profitable local business discovery and advertising platform, extracting stable revenues from its dominant position as the most trusted consumer review destination for restaurants, home services, and local businesses across North America. Under CEO Jeremy Stoppelman, the platform reported revenue of $1.5 billion for fiscal year 2025. The financial narrative in 2026 is entirely defined by self-serve advertising monetization and targeted home services expansion; capitalizing on the structural shift toward digital local advertising, Yelp extracts rapidly improving margins by rapidly expanding its Request-A-Quote home services platform, its most lucrative advertising product, while deploying AI-powered advertiser tools that improve campaign performance for its most engaged local business customers.
Revenue Trend Analysis
YoY Change
+3.7%
9-Year CAGR
+8.3%
Peak Year
2025
Trend
Consistent Growth
Yelp Inc. has reported revenue across 10 fiscal years, compounding at +8.3% annually over 9 years. The most recent year saw a 3.7% increase versus the prior year. Revenue peaked in 2025 at $1.5B. Out of 9 reported periods, 8 showed growth and 1 showed a decline.
Click any row to see year details.
Yelp reported full-year FY2025 revenue of approximately $1.5 billion, marking steady top-line growth driven by record advertising demand in home and local services, expanding multi-location enterprise accounts, and increased ad monetization efficiency through machine learning.
Yelp operates with exceptional gross profit margins above 90%, reflecting the digital nature of its review platform and low cost of revenue. Adjusted EBITDA margins consistently exceed 25%, demonstrating strong operational leverage and cost discipline.
Yelp generates strong annual free cash flow (consistently over $250 million) and returns the vast majority of it to shareholders through aggressive share repurchase programs, repurchasing hundreds of millions of dollars of common stock annually to reduce total share count.
Yelp maintains a pristine balance sheet with over $400 million in cash, cash equivalents, and marketable securities, zero long-term funded debt, and an undrawn revolving credit facility, providing comprehensive financial flexibility and resilience.
The Services category (including Home, Local, Auto, Professional, and Financial Services) represents more than 60% of Yelp's total advertising revenue, acting as the primary growth engine and commanding higher ad budgets than Restaurants and Retail.
By transitioning to a fully remote-first operating model in 2022, Yelp eliminated hundreds of millions in long-term office lease liabilities in high-cost cities like San Francisco, Chicago, and New York, reallocating savings into software R&D and digital product innovation.
Yelp has expanded its Average Revenue Per Location (ARPL) across both single-location SMBs and national multi-location brands through AI-optimized ad placement, dynamic ad budgeting tools, and expanded adoption of value-added profile enhancements.
Financial risks include macroeconomic slowdowns in consumer spending on home remodeling and discretionary dining, digital ad budget cuts by small business owners, and increasing search traffic competition from tech conglomerates like Google and Apple.
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CorpDigest. "Yelp Inc. Revenue & Financials." CorpDigest, https://corpdigest.com/company/yelp/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Yelp Inc. reported $1.5B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/yelp/financials" target="_blank" rel="noopener">CorpDigest — Yelp Inc. financials</a></div>