Duolingo (DUOL) FCF Margin (2020 - 2026)
Duolingo (DUOL) posted FCF Margin of 27.26% for Q2 2026, down 8.21 percentage points from 35.47% a year earlier and down 24.33 percentage points from the prior quarter.
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Analysis
Duolingo (DUOL) FCF Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at Duolingo was 35.63%, down 1.46 percentage points year-over-year; for FY2025, it came in at 35.63%, down 0.92 percentage points from FY2024.
- Annual FCF Margin shows a five-year change of +26.77 percentage points (FY2020 to FY2025).
- In prior years, Duolingo's FCF Margin was 36.55% in FY2024 (+8.23 pp), 28.32% in FY2023 (+15.31 pp), 13.02% in FY2022 (+10.79 pp) and 2.23% in FY2021 (-6.64 pp).
- The Q2 2026 figure stands as the lowest quarterly FCF Margin since Q3 2023.
- On a year-over-year basis, FCF Margin increased in five of the last eight quarters, with an average year-over-year change of +0.32 percentage points.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q1 2024, with a gain of 23.99 percentage points; the weakest was Q2 2026, with a drop of 8.21 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was 51.59% (Q1 2026), 34.13% (Q4 2025) and 29.21% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 25.72% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 12.73% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 6.81% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 41.55% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 23.99% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 27.26% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 30.11% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 8.32% |
| 10 | Bentley Systems | 9.44 Bn | 8.90 Bn | 336.74 Mn | 15.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.26% |
| Mar 31, 2026 | 51.59% |
| Dec 31, 2025 | 34.13% |
| Sep 30, 2025 | 29.21% |
| Jun 30, 2025 | 35.47% |
| Mar 31, 2025 | 45.21% |
| Dec 31, 2024 | 38.84% |
| Sep 30, 2024 | 27.57% |
| Jun 30, 2024 | 31.87% |
| Mar 31, 2024 | 49.00% |
| Dec 31, 2023 | 31.97% |
| Sep 30, 2023 | 26.81% |
| Jun 30, 2023 | 28.65% |
| Mar 31, 2023 | 25.01% |
| Dec 31, 2022 | 10.90% |
| Sep 30, 2022 | 6.95% |
| Jun 30, 2022 | 12.22% |
| Mar 31, 2022 | 23.76% |
| Dec 31, 2021 | -0.12% |
| Sep 30, 2021 | 5.39% |
API Access
Duolingo FCF 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=fcf-margin&ticker=DUOL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=DUOL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();