Youdao (DAO) EBITDA Margin (2018 - 2026)
Youdao (DAO) posted quarterly EBITDA Margin of 4.27% for Q1 2026, down 375.0% year-over-year from 1.55% in Q1 2025, and up 10.86% quarter-over-quarter from 3.85% in Q4 2025.
Youdao (DAO) EBITDA Margin (2018 - 2026) Analysis & Trends
Youdao (DAO) has reported EBITDA Margin for 9 consecutive years, with 4.27% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA Margin fell 375.0% year-over-year to 4.27%; the TTM figure through Mar 2026 stood at 2.95% (down 111.0% YoY), while the FY2025 annual figure was 3.75%, up 110.0% from the prior year.
- EBITDA Margin grew to 4.27% in Q1 2026 per DAO's latest filing, from 3.85% in the prior quarter.
- Across five years, EBITDA Margin topped out at 8.01% in Q1 2025 and bottomed at 47.61% in Q2 2022.
- Historically, EBITDA Margin has averaged 4.8% across 5 years, with a median of 1.74% in 2025.
- Annual changes were most pronounced in 2022 — EBITDA Margin surged 2537 bps — and 2023, when it tumbled 641 bps.
- Youdao's EBITDA Margin stood at 1.7% in 2022, then jumped by 204 bps to 5.15% in 2023, then grew by 22 bps to 6.28% in 2024, then slumped by 39 bps to 3.85% in 2025, then advanced by 11 bps to 4.27% in 2026.
- Business Quant data shows DAO's EBITDA Margin at 4.27% in Q1 2026, 3.85% in Q4 2025, and 1.74% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA 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 | Youdao | 2.08 Bn | 2.00 Bn | 87.31 Mn | 4.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.27% |
| Dec 31, 2025 | 3.85% |
| Sep 30, 2025 | 1.74% |
| Jun 30, 2025 | 2.03% |
| Mar 31, 2025 | 8.01% |
| Dec 31, 2024 | 6.28% |
| Sep 30, 2024 | 6.82% |
| Jun 30, 2024 | -5.49% |
| Mar 31, 2024 | 2.15% |
| Dec 31, 2023 | 5.15% |
| Sep 30, 2023 | -3.75% |
| Jun 30, 2023 | -23.96% |
| Mar 31, 2023 | -16.83% |
| Dec 31, 2022 | 1.70% |
| Sep 30, 2022 | -15.62% |
| Jun 30, 2022 | -47.61% |
| Mar 31, 2022 | -10.42% |
| Dec 31, 2021 | -23.67% |
| Sep 30, 2021 | -9.32% |
| Jun 30, 2021 | -42.09% |