Coursera (COUR) Operating Margin (2020 - 2026)
Coursera (COUR) recorded Operating Margin of -28.37% in Q2 2026, down 20.30 percentage points from -8.07% a year earlier and down 15.44 percentage points from the prior quarter.
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Analysis
Coursera (COUR) Operating Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Coursera's Operating Margin came in at -17.83% as of Jun 30, 2026, down 6.51 percentage points year-over-year; for FY2025, it came in at -10.22%, up 6.08 percentage points from FY2024.
- Annual Operating Margin has increased for four straight years, with a five-year change of +12.47 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at -16.29% in FY2024 (+6.61 pp), -22.90% in FY2023 (+10.97 pp), -33.87% in FY2022 (+0.58 pp) and -34.45% in FY2021 (-11.76 pp).
- The Q2 2026 figure is the lowest quarterly Operating Margin since Q4 2022.
- On a year-over-year basis, Operating Margin rose in five of the last eight quarters, with an average year-over-year change of +1.38 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 22.50 percentage points in Q4 2023, against a drop of 20.30 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -12.93% (Q1 2026), -16.40% (Q4 2025) and -8.03% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 29.64% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 0.96% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 7.97% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 27.75% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 13.58% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 11.37% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 22.24% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 8.22% |
| 10 | Coursera | 1.27 Bn | -2.09 Bn | 173.40 Mn | -28.37% |
Historic Data
Download Data
Historic 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% |
API Access
Coursera Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=COUR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "COUR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=COUR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();