Duolingo (DUOL) EBT Margin (2020 - 2026)
Duolingo's EBT Margin came in at 15.20% for Q2 2026, down 3.21 percentage points from 18.41% a year earlier and down 3.83 percentage points from the prior quarter.
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Analysis
Duolingo (DUOL) EBT Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Duolingo reported EBT Margin of 17.63%, up 3.03 percentage points year-over-year; for FY2025, it came in at 17.58%, up 3.90 percentage points from FY2024.
- EBT Margin has increased in each of the last four years, with a five-year change of +27.29 percentage points (FY2020 to FY2025).
- Going back by year, EBT Margin was 13.68% in FY2024 (+10.33 pp), 3.35% in FY2023 (+19.22 pp), -15.87% in FY2022 (+8.04 pp) and -23.91% in FY2021 (-14.19 pp).
- The Q2 2026 figure represents the lowest quarterly EBT Margin since Q1 2025.
- Year-over-year, EBT Margin increased in six of the last eight quarters, with an average year-over-year change of +3.36 percentage points.
- The fastest year-over-year change in EBT Margin over five years came in Q3 2022 (a gain of 26.33 percentage points), and the weakest in Q3 2021 (a drop of 38.51 percentage points).
- Business Quant data shows DUOL's EBT Margin at 19.03% (Q1 2026), 19.27% (Q4 2025) and 17.09% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.09 Bn | 17.34 Bn | 695.95 Mn | 37.67% |
| 3 | Samsara | 22.22 Bn | 18.99 Bn | 392.58 Mn | 3.45% |
| 4 | Toast | 17.58 Bn | 10.25 Bn | 516.00 Mn | 8.49% |
| 5 | Ptc | 15.23 Bn | 14.05 Bn | 490.47 Mn | 25.40% |
| 6 | Trimble | 13.37 Bn | 12.44 Bn | 674.90 Mn | -45.76% |
| 7 | Duolingo | 13.34 Bn | 8.51 Bn | 216.74 Mn | 15.20% |
| 8 | Manhattan Associates | 11.67 Bn | 10.66 Bn | 168.33 Mn | 22.57% |
| 9 | Costar | 10.92 Bn | 4.88 Bn | 728.00 Mn | 8.00% |
| 10 | Bentley Systems | 9.39 Bn | 8.85 Bn | 336.74 Mn | 23.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.20% |
| Mar 31, 2026 | 19.03% |
| Dec 31, 2025 | 19.27% |
| Sep 30, 2025 | 17.09% |
| Jun 30, 2025 | 18.41% |
| Mar 31, 2025 | 15.17% |
| Dec 31, 2024 | 10.67% |
| Sep 30, 2024 | 13.18% |
| Jun 30, 2024 | 16.10% |
| Mar 31, 2024 | 15.43% |
| Dec 31, 2023 | 10.02% |
| Sep 30, 2023 | 2.13% |
| Jun 30, 2023 | 1.90% |
| Mar 31, 2023 | -2.33% |
| Dec 31, 2022 | -12.73% |
| Sep 30, 2022 | -19.15% |
| Jun 30, 2022 | -16.86% |
| Mar 31, 2022 | -14.93% |
| Dec 31, 2021 | -23.84% |
| Sep 30, 2021 | -45.47% |
API Access
Duolingo EBT 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=ebt-margin&ticker=DUOL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=DUOL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();