Yelp Inc (YELP)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 105,082 | 108,154 | 76,242 | 68,930 | 66,778 | 50,153 | 56,014 | 38,147 | 33,736 | 28,371 | 16,119 | -18,196 | -35,125 | -29,740 | -31,955 | 11,417 | 38,205 | 34,830 | 41,623 | 44,150 |
| Revenue (ttm) | US$ in thousands | 1,350,662 | 1,317,426 | 1,280,874 | 1,241,811 | 1,205,528 | 1,169,086 | 1,128,644 | 1,086,054 | 1,040,559 | 999,594 | 950,952 | 862,967 | 880,779 | 914,397 | 954,062 | 1,030,022 | 1,014,286 | 989,203 | 967,920 | 955,870 |
| Pretax margin | 7.78% | 8.21% | 5.95% | 5.55% | 5.54% | 4.29% | 4.96% | 3.51% | 3.24% | 2.84% | 1.70% | -2.11% | -3.99% | -3.25% | -3.35% | 1.11% | 3.77% | 3.52% | 4.30% | 4.62% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $105,082K ÷ $1,350,662K
= 7.78%
Based on the data provided, the pretax margin of Yelp Inc has exhibited fluctuations over the past eight quarters. In Q4 2023, the pretax margin stood at 7.86%, showing a slight decline from the previous quarter's figure of 8.30%. Prior to that, in Q2 and Q1 2023, the pretax margin was 6.01% and 5.61%, respectively.
Comparing these figures to the previous year, there has been a noticeable improvement in the pretax margin. In Q4 2022, the pretax margin was 5.60%, which indicates an upward trend over the past year. The pretax margin in Q3, Q2, and Q1 2022 was 4.33%, 5.01%, and 3.54%, respectively.
Overall, Yelp Inc has shown an increasing trend in its pretax margin over the past year, with occasional fluctuations seen in the quarterly data. It is important for the company to monitor and manage its operating expenses effectively to sustain and potentially enhance this positive trend in profitability.
Peer comparison
Dec 31, 2023