Duolingo (DUOL) EBITDA Margin (2020 - 2026)
Duolingo (DUOL) recorded quarterly EBITDA Margin of 14.89% in Q1 2026, little changed quarter-over-quarter from 14.83% in Q4 2025, and down 34.0% on a YoY basis from 22.55% in Q1 2025.
Duolingo (DUOL) EBITDA Margin (2020 - 2026) Analysis & Trends
Duolingo's EBITDA Margin history runs 7 years deep, the most recent figure standing at 14.89% for Q1 2026.
- In Q1 2026, EBITDA Margin fell 34.0% year-over-year to 14.89%; the TTM figure through Mar 2026 stood at 38.44% (up 2651.0% YoY), while the FY2025 annual figure was 39.91%, up 2807.0% from the prior year.
- EBITDA Margin was 14.89% for Q1 2026 at Duolingo, roughly flat from 14.83% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 107.54% in Q3 2025 to a low of 19.2% in Q3 2022.
- Historically, EBITDA Margin has averaged 9.7% across 5 years, with a median of 8.03% in 2023.
- The sharpest annual moves came in 2022 and 2025: EBITDA Margin plunged 1672 bps in 2022, then jumped 9541 bps in 2025.
- A 5-year view of EBITDA Margin shows it stood at 13.42% in 2022, then surged by 160 bps to 8.03% in 2023, then retreated by 17 bps to 6.64% in 2024, then surged by 123 bps to 14.83% in 2025, then advanced by 0 bps to 14.89% in 2026.
- The last three EBITDA Margin figures came in at 14.89% (Q1 2026), 14.83% (Q4 2025), and 107.54% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 257.53 Bn | 239.56 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 171.61 Bn | 169.06 Bn | - | - |
| 3 | Salesforce | 152.15 Bn | 140.31 Bn | 8.56 Bn | 21.08% |
| 4 | Uber Technologies | 144.45 Bn | 143.41 Bn | 11.88 Bn | 14.56% |
| 5 | Shopify | 144.09 Bn | 138.34 Bn | 1.55 Bn | -18.49% |
| 6 | ServiceNow | 110.55 Bn | 105.37 Bn | 2.83 Bn | 12.12% |
| 7 | Cadence Design Systems | 106.32 Bn | 104.91 Bn | 1.26 Bn | 29.26% |
| 8 | Adobe | 97.77 Bn | 90.88 Bn | 5.73 Bn | 37.79% |
| 9 | Automatic Data Processing | 93.39 Bn | 90.16 Bn | 2.87 Bn | -22.99% |
| 10 | Duolingo | 5.53 Bn | 4.28 Bn | 213.10 Mn | 14.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.89% |
| Dec 31, 2025 | 14.83% |
| Sep 30, 2025 | 107.54% |
| Jun 30, 2025 | 17.75% |
| Mar 31, 2025 | 15.23% |
| Dec 31, 2024 | 6.64% |
| Sep 30, 2024 | 12.13% |
| Jun 30, 2024 | 13.66% |
| Mar 31, 2024 | 16.09% |
| Dec 31, 2023 | 8.03% |
| Sep 30, 2023 | 2.04% |
| Jun 30, 2023 | 2.94% |
| Mar 31, 2023 | -2.23% |
| Dec 31, 2022 | -13.42% |
| Sep 30, 2022 | -19.20% |
| Jun 30, 2022 | -17.02% |
| Mar 31, 2022 | -14.96% |
| Dec 31, 2021 | -23.99% |
| Sep 30, 2021 | -45.55% |
| Jun 30, 2021 | -0.30% |