Duolingo (DUOL) FCF Margin (2020 - 2026)

Duolingo has reported FCF Margin for 7 years, with the latest figure at 27.85% in Q2 2026.

• On a quarterly basis, FCF Margin fell 684.0% year-over-year to 27.85% in Q2 2026; TTM through Jun 2026 was 35.8%, a 107.0% decrease from a year earlier, with the FY2025 full-year figure at 35.63%, down 92.0% from the prior year.
• FCF Margin was 27.85% for Q2 2026 at Duolingo, down from 50.99% in the prior quarter.
• The five-year high for FCF Margin was 50.99% in Q1 2026, with the low at 6.95% in Q3 2022.
• Average FCF Margin over 5 years is 29.8%, with a median of 29.29% recorded in 2025.
• The sharpest annual moves came in 2024 and 2026: FCF Margin jumped 2399 bps in 2024, then slumped 684 bps in 2026.
• Over 5 years, FCF Margin stood at 10.9% in 2022, then soared by 193 bps to 31.97% in 2023, then rose by 21 bps to 38.84% in 2024, then retreated by 12 bps to 34.13% in 2025, then declined by 18 bps to 27.85% in 2026.
• The last three FCF Margin figures came in at 27.85% (Q2 2026), 50.99% (Q1 2026), and 34.13% (Q4 2025), per Business Quant data.