Duolingo (DUOL) EBT Margin (2020 - 2026)

Duolingo's EBT Margin history runs 7 years deep, the most recent figure standing at 19.03% for Q1 2026.

• On a quarterly basis, EBT Margin rose 385.0% year-over-year to 19.03% in Q1 2026; TTM through Mar 2026 was 18.47%, a 473.0% increase from a year earlier, with the FY2025 full-year figure at 17.58%, up 390.0% from the prior year.
• EBT Margin slipped to 19.03% in Q1 2026 per DUOL's latest filing, from 19.27% in the prior quarter.
• Across five years, EBT Margin topped out at 19.27% in Q4 2025 and bottomed at 19.15% in Q3 2022.
• The 5-year median for EBT Margin is 10.67% (2024), against an average of 5.44%.
• Biggest YoY gain for EBT Margin was 2633 bps in 2022; the steepest drop was 1656 bps in 2022.
• Year by year, EBT Margin stood at 12.73% in 2022, then jumped by 179 bps to 10.02% in 2023, then grew by 6 bps to 10.67% in 2024, then surged by 81 bps to 19.27% in 2025, then slipped by 1 bps to 19.03% in 2026.
• Per Business Quant, the three latest DUOL EBT Margin figures stand at 19.03% (Q1 2026), 19.27% (Q4 2025), and 17.09% (Q3 2025).