Duolingo (DUOL) EBT Margin (2020 - 2026)

Duolingo has reported EBT Margin for 7 years, with the latest figure at 15.2% in Q2 2026.

• On a quarterly basis, EBT Margin fell 321.0% year-over-year to 15.2% in Q2 2026; TTM through Jun 2026 was 17.63%, a 303.0% increase from a year earlier, with the FY2025 full-year figure at 17.58%, up 390.0% from the prior year.
• EBT Margin was 15.2% for Q2 2026 at Duolingo, down from 19.03% in the prior quarter.
• The five-year high for EBT Margin was 19.27% in Q4 2025, with the low at 19.15% in Q3 2022.
• Average EBT Margin over 5 years is 5.98%, with a median of 11.92% recorded in 2024.
• The largest YoY upside for EBT Margin was 2633 bps in 2022 against a maximum downside of 1656 bps in 2022.
• Over 5 years, EBT Margin stood at 12.73% in 2022, then surged by 179 bps to 10.02% in 2023, then increased by 6 bps to 10.67% in 2024, then soared by 81 bps to 19.27% in 2025, then slipped by 21 bps to 15.2% in 2026.
• The last three EBT Margin figures came in at 15.2% (Q2 2026), 19.03% (Q1 2026), and 19.27% (Q4 2025), per Business Quant data.