Duolingo (DUOL) EBITDA Margin (2020 - 2026)
Duolingo (DUOL) reported EBITDA Margin of 12.80% for Q2 2026, down 1.79 percentage points from 14.59% a year earlier and down 3.89 percentage points from the prior quarter.
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Analysis
Duolingo (DUOL) EBITDA Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Duolingo's EBITDA Margin came in at 15.10%, up 4.03 percentage points year-over-year; for FY2025, it came in at 14.45%, up 4.63 percentage points from FY2024.
- EBITDA Margin has increased for four consecutive years, with a five-year change of +22.96 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at 9.82% in FY2024 (+10.98 pp), -1.16% in FY2023 (+15.17 pp), -16.33% in FY2022 (+6.52 pp) and -22.84% in FY2021 (-14.34 pp).
- The Q2 2026 figure ranks as the lowest quarterly EBITDA Margin since Q1 2025.
- Year over year, EBITDA Margin gained in seven of the last eight quarters, with an average year-over-year change of +4.41 percentage points.
- The high point for year-over-year EBITDA Margin in five years was Q3 2022 (a gain of 24.53 percentage points); the low point was Q3 2021 (a drop of 38.59 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 16.69% (Q1 2026), 16.71% (Q4 2025) and 14.25% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 49.47 Bn | 21.72 Bn | 695.95 Mn | 31.34% |
| 3 | Trimble | 27.38 Bn | 26.46 Bn | 659.10 Mn | - |
| 4 | Samsara | 24.21 Bn | 20.98 Bn | 392.58 Mn | 2.61% |
| 5 | Ptc | 21.76 Bn | 21.76 Bn | 557.39 Mn | - |
| 6 | Toast | 20.03 Bn | 12.67 Bn | 543.00 Mn | 10.35% |
| 7 | Manhattan Associates | 14.95 Bn | 14.01 Bn | 174.30 Mn | 27.01% |
| 8 | Duolingo | 14.72 Bn | 9.64 Bn | 225.13 Mn | 9.22% |
| 9 | Bentley Systems | 13.66 Bn | 13.13 Bn | 349.55 Mn | 32.72% |
| 10 | Costar | 12.20 Bn | 7.61 Bn | 741.00 Mn | 22.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.22% |
| Jun 30, 2026 | 12.80% |
| Mar 31, 2026 | 16.69% |
| Dec 31, 2025 | 16.71% |
| Sep 30, 2025 | 14.25% |
| Jun 30, 2025 | 14.59% |
| Mar 31, 2025 | 11.78% |
| Dec 31, 2024 | 8.37% |
| Sep 30, 2024 | 8.54% |
| Jun 30, 2024 | 11.74% |
| Mar 31, 2024 | 11.05% |
| Dec 31, 2023 | 4.53% |
| Sep 30, 2023 | -2.19% |
| Jun 30, 2023 | -2.55% |
| Mar 31, 2023 | -5.84% |
| Dec 31, 2022 | -16.09% |
| Sep 30, 2022 | -19.45% |
| Jun 30, 2022 | -15.69% |
| Mar 31, 2022 | -13.63% |
| Dec 31, 2021 | -22.81% |
API Access
Duolingo EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=DUOL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "DUOL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=DUOL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();