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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Duolingo (DUOL) Gross Margin (2020 - 2025)

Duolingo has reported Gross Margin over the past 6 years, most recently at 72.78% for Q4 2025.

  • Quarterly results put Gross Margin at 72.78% for Q4 2025, up 90.0% from a year ago — trailing twelve months through Dec 2025 was 72.23% (down 54.0% YoY), and the annual figure for FY2025 was 72.23%, down 54.0%.
  • Gross Margin for Q4 2025 was 72.78% at Duolingo, roughly flat from 72.47% in the prior quarter.
  • Over the last five years, Gross Margin for DUOL hit a ceiling of 73.66% in Q3 2023 and a floor of 71.12% in Q1 2025.
  • Median Gross Margin over the past 5 years was 72.82% (2021), compared with a mean of 72.75%.
  • Biggest five-year swings in Gross Margin: soared 207bps in 2021 and later plummeted -191bps in 2025.
  • Duolingo's Gross Margin stood at 72.67% in 2021, then rose by 1bps to 73.25% in 2022, then fell by 0bps to 73.13% in 2023, then decreased by -2bps to 71.88% in 2024, then grew by 1bps to 72.78% in 2025.
  • The last three reported values for Gross Margin were 72.78% (Q4 2025), 72.47% (Q3 2025), and 72.38% (Q2 2025) per Business Quant data.