51Talk Online Education (COE) Gross Margin (2015 - 2026)
51Talk Online Education (COE) posted quarterly Gross Margin of 73.66% for Q1 2026, down 316.0% year-over-year from 34.1% in Q1 2025, and up 1.7% quarter-over-quarter from 72.43% in Q4 2025.
51Talk Online Education (COE) Gross Margin (2015 - 2026) Analysis & Trends
51Talk Online Education's Gross Margin history runs 12 years deep, the most recent figure standing at 73.66% for Q1 2026.
- In Q1 2026, Gross Margin fell 316.0% year-over-year to 73.66%; the TTM figure through Mar 2026 stood at 73.37% (down 433.0% YoY), while the FY2025 annual figure was 73.91%, down 407.0% from the prior year.
- Gross Margin for Q1 2026 stood at 73.66%, up from 72.43% in the prior quarter.
- The five-year high for Gross Margin was 4338.63% in Q2 2022, with the low at 72.43% in Q4 2025.
- The 5-year median for Gross Margin is 77.51% (2024), against an average of 327.29%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 426590 bps in 2022, then tumbled 426026 bps in 2023.
- 51Talk Online Education's Gross Margin stood at 78.97% in 2022, then slipped by 5 bps to 75.0% in 2023, then increased by 3 bps to 77.51% in 2024, then retreated by 7 bps to 72.43% in 2025, then gained by 2 bps to 73.66% in 2026.
- Business Quant data shows COE's Gross Margin at 73.66% in Q1 2026, 72.43% in Q4 2025, and 73.16% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 53.10% |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | 73.66% |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 38.59% |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 59.66% |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 56.77% |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 77.29% |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 34.16% |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 83.86% |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 52.92% |
| 10 | Youdao | 2.08 Bn | 2.00 Bn | 87.31 Mn | 44.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 73.66% |
| Dec 31, 2025 | 72.43% |
| Sep 30, 2025 | 73.16% |
| Jun 30, 2025 | 74.60% |
| Mar 31, 2025 | 76.82% |
| Dec 31, 2024 | 77.51% |
| Sep 30, 2024 | 78.75% |
| Jun 30, 2024 | 78.10% |
| Mar 31, 2024 | 77.48% |
| Dec 31, 2023 | 75.00% |
| Sep 30, 2023 | 76.26% |
| Jun 30, 2023 | 78.37% |
| Mar 31, 2023 | 77.63% |
| Dec 31, 2022 | 78.97% |
| Sep 30, 2022 | 78.58% |
| Jun 30, 2022 | 4,338.63% |
| Mar 31, 2022 | 77.90% |
| Dec 31, 2021 | 79.36% |
| Sep 30, 2021 | 73.53% |
| Jun 30, 2021 | 72.72% |