Docebo (DCBO) Net Margin (2019 - 2026)
Docebo's (DCBO) quarterly Net Margin came in at 3.29% in Q2 2026, down 1139.0% on a YoY basis from 0.32% in Q2 2025, and up 233.31% quarter-over-quarter from 2.47% in Q1 2026.
Analysis
Docebo (DCBO) Net Margin (2019 - 2026) Analysis & Trends
Docebo (DCBO) has reported Net Margin for 8 consecutive years, with 3.29% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 1139.0% year-over-year to 3.29%; the trailing twelve-month figure through Jun 2026 stood at 9.19% (down 265.0% YoY), and the FY2025 full-year result was 16.72%, up 191.0% from the prior year.
- Net Margin rose to 3.29% in Q2 2026 per DCBO's latest filing, from 2.47% in the prior quarter.
- Across five years, Net Margin topped out at 27.79% in Q3 2022 and bottomed at 21.71% in Q1 2022.
- Historically, Net Margin has averaged 9.21% across 5 years, with a median of 10.39% in 2023.
- The sharpest annual moves came in 2022 and 2023: Net Margin soared 4427 bps in 2022, then tumbled 1909 bps in 2023.
- Over 5 years, Net Margin stood at 4.11% in 2022, then soared by 310 bps to 16.85% in 2023, then retreated by 10 bps to 15.18% in 2024, then surged by 39 bps to 21.04% in 2025, then plunged by 84 bps to 3.29% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 3.29%, 2.47%, and 21.04% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | 11.11% |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | 5.03% |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | -26.93% |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 3.29% |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | -7.43% |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | 2.50% |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | -15.86% |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | -5.69% |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | -45.68% |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.29% |
| Mar 31, 2026 | -2.47% |
| Dec 31, 2025 | 21.04% |
| Sep 30, 2025 | 16.07% |
| Jun 30, 2025 | 14.68% |
| Mar 31, 2025 | 2.57% |
| Dec 31, 2024 | 15.18% |
| Sep 30, 2024 | 14.89% |
| Jun 30, 2024 | 14.95% |
| Mar 31, 2024 | 10.06% |
| Dec 31, 2023 | 16.85% |
| Sep 30, 2023 | 8.70% |
| Jun 30, 2023 | 10.73% |
| Mar 31, 2023 | 3.00% |
| Dec 31, 2022 | 4.11% |
| Sep 30, 2022 | 27.79% |
| Jun 30, 2022 | 6.02% |
| Mar 31, 2022 | -21.71% |
| Dec 31, 2021 | -40.17% |
| Sep 30, 2021 | 2.44% |