Youdao (DAO) Gross Margin (2018 - 2026)
Youdao (DAO) posted quarterly 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 reported Gross Margin for 9 consecutive years, with 44.68% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 263.0% year-over-year to 44.68%; the TTM figure through Mar 2026 stood at 43.73% (down 475.0% YoY), while the FY2025 annual figure was 44.29%, down 457.0% from the prior year.
- Gross Margin slipped to 44.68% in Q1 2026 per DAO's latest filing, from 45.08% in the prior quarter.
- Across five years, Gross Margin topped out at 55.86% in Q3 2023 and bottomed at 42.24% in Q3 2025.
- Historically, Gross Margin has averaged 48.57% across 5 years, with a median of 48.18% in 2024.
- On a YoY basis, Gross Margin climbed as much as 1082 bps in 2022 and fell as far as 947 bps in 2022.
- Youdao's Gross Margin stood at 53.28% in 2022, then slipped by 6 bps to 49.9% in 2023, then declined by 4 bps to 47.82% in 2024, then retreated by 6 bps to 45.08% in 2025, then fell 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.
Powered by 
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 | 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% |