Duolingo, Inc. (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, Inc. (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
Historic Data
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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, Inc. 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();