Youdao (DAO) Operating Margin (2018 - 2026)
Youdao (DAO) posted quarterly Operating 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.
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Youdao (DAO) Operating Margin (2018 - 2026) Analysis & Trends
Youdao (DAO) has reported Operating Margin for 9 consecutive years, with 4.27% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating 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.
- Operating Margin grew to 4.27% in Q1 2026 per DAO's latest filing, from 3.85% in the prior quarter.
- Across five years, Operating Margin topped out at 8.01% in Q1 2025 and bottomed at 47.61% in Q2 2022.
- Historically, Operating Margin has averaged 4.8% across 5 years, with a median of 1.74% in 2025.
- Annual changes were most pronounced in 2022 — Operating Margin surged 2537 bps — and 2023, when it tumbled 641 bps.
- Youdao's Operating 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 Operating Margin at 4.27% in Q1 2026, 3.85% in Q4 2025, and 1.74% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 94.40 Bn | 91.66 Bn | 812.22 Mn | 5.61% |
| 2 | Laureate Education | 5.12 Bn | 4.96 Bn | 237.67 Mn | 36.28% |
| 3 | Graham Holdings | 4.82 Bn | 3.57 Bn | 777.03 Mn | 6.42% |
| 4 | Covista | 4.55 Bn | 4.14 Bn | 284.63 Mn | 19.04% |
| 5 | Grand Canyon Education | 3.99 Bn | 3.71 Bn | 204.08 Mn | 22.02% |
| 6 | Stride | 3.68 Bn | 2.72 Bn | 217.28 Mn | 16.64% |
| 7 | McGraw Hill | 2.52 Bn | 2.32 Bn | 439.20 Mn | 20.78% |
| 8 | Perdoceo Education | 2.08 Bn | 778.27 Mn | 162.46 Mn | 25.72% |
| 9 | TAL Education | 1.94 Bn | -740.46 Mn | 227.32 Mn | -10.34% |
| 10 | Youdao | 1.82 Bn | 1.69 Bn | 105.66 Mn | 7.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.60% |
| 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% |