Youdao (DAO) Net Margin (2018 - 2026)
Youdao (DAO) posted quarterly Net Margin of 2.86% for Q1 2026, down 305.0% year-over-year from 1.4% in Q1 2025, and down 7.2% quarter-over-quarter from 3.08% in Q4 2025.
Youdao (DAO) Net Margin (2018 - 2026) Analysis & Trends
Youdao (DAO) has reported Net Margin for 9 consecutive years, with 2.86% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 305.0% year-over-year to 2.86%; the TTM figure through Mar 2026 stood at 1.19% (down 151.0% YoY), while the FY2025 annual figure was 1.82%, up 36.0% from the prior year.
- Net Margin declined to 2.86% in Q1 2026 per DAO's latest filing, from 3.08% in the prior quarter.
- Across five years, Net Margin topped out at 6.3% in Q4 2024 and bottomed at 47.47% in Q2 2022.
- Historically, Net Margin has averaged 5.72% across 5 years, with a median of 0.01% in 2025.
- On a YoY basis, Net Margin climbed as much as 2267 bps in 2023 and fell as far as 962 bps in 2023.
- Youdao's Net Margin stood at 0.85% in 2022, then soared by 351 bps to 3.81% in 2023, then soared by 65 bps to 6.3% in 2024, then tumbled by 51 bps to 3.08% in 2025, then dropped by 7 bps to 2.86% in 2026.
- Business Quant data shows DAO's Net Margin at 2.86% in Q1 2026, 3.08% in Q4 2025, and 0.01% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 7.27% |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | -7.43% |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | - |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 21.68% |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | -0.08% |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 17.37% |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 12.81% |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | -10.84% |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 0.00% |
| 10 | Youdao | 2.08 Bn | 2.00 Bn | 87.31 Mn | 2.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.86% |
| Dec 31, 2025 | 3.08% |
| Sep 30, 2025 | 0.01% |
| Jun 30, 2025 | -1.25% |
| Mar 31, 2025 | 5.91% |
| Dec 31, 2024 | 6.30% |
| Sep 30, 2024 | 5.48% |
| Jun 30, 2024 | -7.53% |
| Mar 31, 2024 | 0.89% |
| Dec 31, 2023 | 3.81% |
| Sep 30, 2023 | -6.69% |
| Jun 30, 2023 | -24.79% |
| Mar 31, 2023 | -17.57% |
| Dec 31, 2022 | 0.85% |
| Sep 30, 2022 | -13.11% |
| Jun 30, 2022 | -47.47% |
| Mar 31, 2022 | -7.95% |
| Dec 31, 2021 | -20.59% |
| Sep 30, 2021 | -9.29% |
| Jun 30, 2021 | -40.54% |