Duolingo (DUOL) FCF Margin (2020 - 2026)
Duolingo's (DUOL) quarterly FCF Margin came in at 50.99% in Q1 2026, up 528.0% year-on-year from 8.12% in Q1 2025, and up 30.89% quarter-over-quarter from 38.96% in Q4 2025.
Duolingo (DUOL) FCF Margin (2020 - 2026) Analysis & Trends
Duolingo's FCF Margin history runs 7 years deep, the most recent figure standing at 50.99% for Q1 2026.
- On a quarterly basis, FCF Margin rose 528.0% year-over-year to 50.99% in Q1 2026; TTM through Mar 2026 was 38.84%, a 81.0% increase from a year earlier, with the FY2025 full-year figure at 36.95%, down 122.0% from the prior year.
- FCF Margin grew to 50.99% in Q1 2026 per DUOL's latest filing, from 38.96% in the prior quarter.
- Across five years, FCF Margin topped out at 50.99% in Q1 2026 and bottomed at 4.73% in Q3 2022.
- The 5-year median for FCF Margin is 29.21% (2025), against an average of 30.86%.
- Across the five-year window, FCF Margin surged 2420 bps in 2024 and plunged 566 bps in 2025, its largest moves.
- Year by year, FCF Margin stood at 16.1% in 2022, then jumped by 99 bps to 31.97% in 2023, then jumped by 40 bps to 44.62% in 2024, then decreased by 13 bps to 38.96% in 2025, then jumped by 31 bps to 50.99% in 2026.
- Per Business Quant, the three latest DUOL FCF Margin figures stand at 50.99% (Q1 2026), 38.96% (Q4 2025), and 29.21% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 39.26% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 15.02% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 17.31% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 58.89% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 11.86% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 36.83% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 16.73% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 20.82% |
| 10 | Duolingo | 22.93 Mn | -1.23 Bn | 213.10 Mn | 50.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 50.99% |
| Dec 31, 2025 | 38.96% |
| Sep 30, 2025 | 29.21% |
| Jun 30, 2025 | 35.01% |
| Mar 31, 2025 | 45.71% |
| Dec 31, 2024 | 44.62% |
| Sep 30, 2024 | 27.57% |
| Jun 30, 2024 | 31.67% |
| Mar 31, 2024 | 49.20% |
| Dec 31, 2023 | 31.97% |
| Sep 30, 2023 | 26.81% |
| Jun 30, 2023 | 28.65% |
| Mar 31, 2023 | 25.01% |
| Dec 31, 2022 | 16.10% |
| Sep 30, 2022 | 4.73% |
| Jun 30, 2022 | 14.63% |
| Mar 31, 2022 | 23.76% |
| Dec 31, 2021 | -4.32% |
| Sep 30, 2021 | 10.20% |
| Jun 30, 2021 | -3.29% |