Duolingo (DUOL) FCF Margin (2020 - 2026)
Duolingo (DUOL) recorded quarterly FCF Margin of 50.99% in Q1 2026, up 30.89% quarter-over-quarter from 38.96% in Q4 2025, and up 528.0% on a YoY basis from 8.12% in Q1 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.
- In Q1 2026, FCF Margin rose 528.0% year-over-year to 50.99%; the TTM figure through Mar 2026 stood at 38.84% (up 230.0% YoY), while the FY2025 annual figure was 36.95%, up 40.0% from the prior year.
- FCF Margin was 50.99% for Q1 2026 at Duolingo, up from 38.96% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 50.99% in Q1 2026 to a low of 5.87% in Q4 2022.
- Historically, FCF Margin has averaged 30.27% across 5 years, with a median of 29.57% in 2024.
- The sharpest annual moves came in 2023 and 2025: FCF Margin soared 2610 bps in 2023, then tumbled 350 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 5.87% in 2022, then jumped by 445 bps to 31.97% in 2023, then increased by 8 bps to 34.51% in 2024, then increased by 13 bps to 38.96% in 2025, then jumped by 31 bps to 50.99% in 2026.
- The last three FCF Margin figures came in at 50.99% (Q1 2026), 38.96% (Q4 2025), and 29.21% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 257.53 Bn | 239.56 Bn | 8.16 Bn | 36.77% |
| 2 | Full Truck Alliance | 171.61 Bn | 169.06 Bn | - | - |
| 3 | Salesforce | 152.15 Bn | 140.31 Bn | 8.56 Bn | 58.89% |
| 4 | Uber Technologies | 144.45 Bn | 143.41 Bn | 11.88 Bn | 17.31% |
| 5 | Shopify | 144.09 Bn | 138.34 Bn | 1.55 Bn | 15.02% |
| 6 | ServiceNow | 110.55 Bn | 105.37 Bn | 2.83 Bn | 41.64% |
| 7 | Cadence Design Systems | 106.32 Bn | 104.91 Bn | 1.26 Bn | 20.82% |
| 8 | Adobe | 97.77 Bn | 90.88 Bn | 5.73 Bn | 45.65% |
| 9 | Automatic Data Processing | 93.39 Bn | 90.16 Bn | 2.87 Bn | 36.83% |
| 10 | Duolingo | 5.53 Bn | 4.28 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 | 34.51% |
| Sep 30, 2024 | 29.57% |
| Jun 30, 2024 | 34.59% |
| 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 | 5.87% |
| Sep 30, 2022 | 10.17% |
| Jun 30, 2022 | 14.63% |
| Mar 31, 2022 | 23.76% |
| Dec 31, 2021 | -4.32% |
| Sep 30, 2021 | 10.20% |
| Jun 30, 2021 | -4.89% |