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Yelp Valuation Multiples

Discover revenue and EBITDA valuation multiples for Yelp and similar public comparables like Upwork, SMZDM.com, Moltiply Group, Ziff Davis and more.

Yelp Overview

About Yelp

Yelp Inc operates in the online content market based in the United States. It provides a web-based platform and mobile application to bridge the gap between businesses and consumers. The platform assists consumers through product reviews, tips, photos and videos thereby enabling them in making better buying decisions and posting their feedbacks. Its products and services includes Advertising Products and Business Page Products. In addition, it also lets the buyers directly transact with businesses directly through its platform. Yelp generates revenue mainly from the sale of advertising on its website and mobile app to businesses. The company generates majority of the revenue from United States.


Founded

2004

HQ

United States

Employees

5.1K

Website

yelp.com

Financials (LTM)

Revenue: $1B
EBITDA: $356M

EV

$1B

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Yelp Financials

Yelp reported last 12-month revenue of $1B and EBITDA of $356M.

In the same LTM period, Yelp generated $1B in gross profit, $356M in EBITDA, and $141M in net income.

Revenue (LTM)


Yelp P&L

In the most recent fiscal year, Yelp reported revenue of $1B and EBITDA of $369M.

Yelp expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Yelp forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$1BXXX$1BXXXXXXXXX
Gross Profit$1BXXX$1BXXXXXXXXX
Gross Margin90%XXX90%XXXXXXXXX
EBITDA$356MXXX$369MXXXXXXXXX
EBITDA Margin24%XXX25%XXXXXXXXX
EBIT Margin12%XXX13%XXXXXXXXX
Net Profit$141MXXX$146MXXXXXXXXX
Net Margin10%XXX10%XXXXXXXXX

Financial data powered by Morningstar, Inc.

Yelp Stock Performance

Yelp has current market cap of $2B, and enterprise value of $1B.

Market Cap Evolution


Yelp's stock price is $25.78.

See Yelp trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$1B$2B1.3%XXXXXXXXX$2.45

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Yelp Valuation Multiples

Yelp trades at 0.8x EV/Revenue multiple, and 3.5x EV/EBITDA.

See valuation multiples for Yelp and 15K+ public comps

EV / Revenue (LTM)


Yelp Financial Valuation Multiples

As of April 14, 2026, Yelp has market cap of $2B and EV of $1B.

Equity research analysts estimate Yelp's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Yelp has a P/E ratio of 10.9x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$2BXXX$2BXXXXXXXXX
EV (current)$1BXXX$1BXXXXXXXXX
EV/Revenue0.8xXXX0.8xXXXXXXXXX
EV/EBITDA3.5xXXX3.3xXXXXXXXXX
EV/EBIT7.0xXXX6.7xXXXXXXXXX
EV/Gross Profit0.9xXXX0.9xXXXXXXXXX
P/E10.9xXXX10.5xXXXXXXXXX
EV/FCF4.1xXXX3.8xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Yelp Valuation Multiples

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Yelp Margins & Growth Rates

Yelp's revenue in the last 12 month grew by 1%.

Yelp's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.

Yelp's rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Yelp's rule of X is 23% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Yelp and other 15K+ public comps

Yelp Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth1%XXX0%XXXXXXXXX
EBITDA Margin24%XXX25%XXXXXXXXX
EBITDA Growth(9%)XXX(13%)XXXXXXXXX
Rule of 40—XXX22%XXXXXXXXX
Bessemer Rule of X—XXX23%XXXXXXXXX
Revenue per Employee—XXX$0.3MXXXXXXXXX
Opex per Employee—XXX$0.2MXXXXXXXXX
S&M Expenses to Revenue40%XXX40%XXXXXXXXX
G&A Expenses to Revenue11%XXX12%XXXXXXXXX
R&D Expenses to Revenue19%XXX21%XXXXXXXXX
Opex to Revenue—XXX78%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Yelp Public Comps

See public comps and valuation multiples for other Consumer Marketplaces and Lead Generation comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
YelpXXXXXXXXXXXXXXXXXX
UpworkXXXXXXXXXXXXXXXXXX
SMZDM.comXXXXXXXXXXXXXXXXXX
Moltiply GroupXXXXXXXXXXXXXXXXXX
Ziff DavisXXXXXXXXXXXXXXXXXX
BuySell TechnologiesXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Yelp M&A Activity

Yelp acquired XXX companies to date.

Last acquisition by Yelp was on XXXXXXXX, XXXXX. Yelp acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

See M&A valuation multiples

Latest Acquisitions by Yelp

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Yelp Investment Activity

Yelp invested in XXX companies to date.

Yelp made its latest investment on XXXXXXXX, XXXXX. Yelp invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Yelp

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Yelp

When was Yelp founded?Yelp was founded in 2004.
Where is Yelp headquartered?Yelp is headquartered in United States.
How many employees does Yelp have?As of today, Yelp has over 5K employees.
Who is the CEO of Yelp?Yelp's CEO is Jeremy Stoppelman.
Is Yelp publicly listed?Yes, Yelp is a public company listed on NYSE.
What is the stock symbol of Yelp?Yelp trades under YELP ticker.
When did Yelp go public?Yelp went public in 2012.
Who are competitors of Yelp?Yelp main competitors are Upwork, SMZDM.com, Moltiply Group, Ziff Davis.
What is the current market cap of Yelp?Yelp's current market cap is $2B.
What is the current revenue of Yelp?Yelp's last 12 months revenue is $1B.
What is the current revenue growth of Yelp?Yelp revenue growth (NTM/LTM) is 1%.
What is the current EV/Revenue multiple of Yelp?Current revenue multiple of Yelp is 0.8x.
Is Yelp profitable?Yes, Yelp is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Yelp?Yelp's last 12 months EBITDA is $356M.
What is Yelp's EBITDA margin?Yelp's last 12 months EBITDA margin is 24%.
What is the current EV/EBITDA multiple of Yelp?Current EBITDA multiple of Yelp is 3.5x.
What is the current FCF of Yelp?Yelp's last 12 months FCF is $300M.
What is Yelp's FCF margin?Yelp's last 12 months FCF margin is 20%.
What is the current EV/FCF multiple of Yelp?Current FCF multiple of Yelp is 4.1x.

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