Coursera (COUR) Operating Margin (2020 - 2026)
Coursera (COUR) posted quarterly Operating Margin of 12.93% for Q1 2026, down 490.0% year-over-year from 3.31% in Q1 2025, and up 21.19% quarter-over-quarter from 16.4% in Q4 2025.
Coursera (COUR) Operating Margin (2020 - 2026) Analysis & Trends
Coursera (COUR) has reported Operating Margin for 7 consecutive years, with 12.93% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 490.0% year-over-year to 12.93%; the TTM figure through Mar 2026 stood at 11.41% (up 246.0% YoY), while the FY2025 annual figure was 10.22%, up 608.0% from the prior year.
- Operating Margin improved to 12.93% in Q1 2026 per COUR's latest filing, from 16.4% in the prior quarter.
- Across five years, Operating Margin topped out at 8.03% in Q1 2025 and bottomed at 39.4% in Q4 2022.
- Historically, Operating Margin has averaged 20.37% across 5 years, with a median of 17.62% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 1008 bps — and 2023, when it jumped 2250 bps.
- Coursera's Operating Margin stood at 39.4% in 2022, then jumped by 57 bps to 16.91% in 2023, then dropped by 1 bps to 17.02% in 2024, then rose by 4 bps to 16.4% in 2025, then rose by 21 bps to 12.93% in 2026.
- Business Quant data shows COUR's Operating Margin at 12.93% in Q1 2026, 16.4% in Q4 2025, and 8.03% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 5.61% |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | -4.56% |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 36.28% |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 6.42% |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 19.04% |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 22.02% |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 16.64% |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | -1.37% |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | -10.34% |
| 10 | Coursera | 1.32 Bn | 341.18 Mn | 173.40 Mn | -28.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -28.37% |
| Mar 31, 2026 | -12.93% |
| Dec 31, 2025 | -16.40% |
| Sep 30, 2025 | -8.03% |
| Jun 30, 2025 | -8.07% |
| Mar 31, 2025 | -8.03% |
| Dec 31, 2024 | -17.02% |
| Sep 30, 2024 | -12.32% |
| Jun 30, 2024 | -18.32% |
| Mar 31, 2024 | -17.62% |
| Dec 31, 2023 | -16.91% |
| Sep 30, 2023 | -23.91% |
| Jun 30, 2023 | -24.97% |
| Mar 31, 2023 | -26.47% |
| Dec 31, 2022 | -39.40% |
| Sep 30, 2022 | -26.65% |
| Jun 30, 2022 | -38.34% |
| Mar 31, 2022 | -30.86% |
| Dec 31, 2021 | -41.31% |
| Sep 30, 2021 | -28.60% |