Youdao (DAO) Gross Margin (2018 - 2026)
Youdao (DAO) reported Gross Margin of 44.68% for Q1 2026, down 263.0% year-over-year from 27.41% in Q1 2025, and down 0.89% quarter-over-quarter from 45.08% in Q4 2025.
Youdao (DAO) Gross Margin (2018 - 2026) Analysis & Trends
Youdao (DAO) has 9 years of Gross Margin data on file, last reported at 44.68% in Q1 2026.
- Gross Margin for Q1 2026 came in at 44.68%, down 263.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 43.73% (down 475.0% YoY), and the FY2025 annual result was 44.29%, down 457.0% from the prior year.
- Gross Margin declined to 44.68% in Q1 2026 per DAO's latest filing, from 45.08% in the prior quarter.
- Over five years, Gross Margin peaked at 55.86% in Q3 2023 and troughed at 42.24% in Q3 2025.
- A 5-year average of 48.57% and a median of 48.18% in 2024 frame the typical range for Gross Margin.
- On a YoY basis, Gross Margin climbed as much as 1082 bps in 2022 and fell as far as 947 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 53.28% in 2022, then decreased by 6 bps to 49.9% in 2023, then dropped by 4 bps to 47.82% in 2024, then fell by 6 bps to 45.08% in 2025, then declined by 1 bps to 44.68% in 2026.
- Business Quant data shows DAO's Gross Margin at 44.68% in Q1 2026, 45.08% in Q4 2025, and 42.24% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.64 Bn | 7.60 Bn | 22.18 Mn | 72.43% |
| 2 | Graham Holdings | 4.92 Bn | 3.91 Bn | 841.00 Mn | 68.04% |
| 3 | Laureate Education | 4.86 Bn | 4.70 Bn | -16.39 Mn | -6.01% |
| 4 | Covista | 4.36 Bn | 4.35 Bn | 276.31 Mn | 56.73% |
| 5 | Stride | 4.16 Bn | 3.36 Bn | 231.57 Mn | 36.76% |
| 6 | Grand Canyon Education | 3.97 Bn | 3.72 Bn | 244.77 Mn | 79.28% |
| 7 | Universal Technical Institute | 2.35 Bn | 2.19 Bn | 103.97 Mn | 46.96% |
| 8 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 78.77% |
| 9 | Strategic Education | 1.76 Bn | 1.60 Bn | - | - |
| 10 | Youdao | 164.33 Mn | 65.90 Mn | 87.31 Mn | 44.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.68% |
| Dec 31, 2025 | 45.08% |
| Sep 30, 2025 | 42.24% |
| Jun 30, 2025 | 42.99% |
| Mar 31, 2025 | 47.31% |
| Dec 31, 2024 | 47.82% |
| Sep 30, 2024 | 50.20% |
| Jun 30, 2024 | 48.18% |
| Mar 31, 2024 | 48.96% |
| Dec 31, 2023 | 49.90% |
| Sep 30, 2023 | 55.86% |
| Jun 30, 2023 | 47.00% |
| Mar 31, 2023 | 51.74% |
| Dec 31, 2022 | 53.28% |
| Sep 30, 2022 | 54.20% |
| Jun 30, 2022 | 42.85% |
| Mar 31, 2022 | 53.46% |
| Dec 31, 2021 | 42.46% |
| Sep 30, 2021 | 56.62% |
| Jun 30, 2021 | 52.32% |