Duolingo (DUOL) Gross Margin (2020 - 2026)

Duolingo has reported Gross Margin for 7 years, with the latest figure at 72.62% in Q2 2026.

• On a quarterly basis, Gross Margin rose 24.0% year-over-year to 72.62% in Q2 2026; TTM through Jun 2026 was 72.72%, a 67.0% increase from a year earlier, with the FY2025 full-year figure at 72.23%, down 54.0% from the prior year.
• Gross Margin was 72.62% for Q2 2026 at Duolingo, down from 72.99% in the prior quarter.
• The five-year high for Gross Margin was 73.66% in Q3 2023, with the low at 71.12% in Q1 2025.
• Average Gross Margin over 5 years is 72.83%, with a median of 72.95% recorded in 2024.
• The sharpest annual moves came in 2025 and 2026: Gross Margin plunged 191 bps in 2025, then soared 187 bps in 2026.
• Over 5 years, Gross Margin stood at 73.25% in 2022, then slipped by 0 bps to 73.13% in 2023, then declined by 2 bps to 71.88% in 2024, then grew by 1 bps to 72.78% in 2025, then retreated by 0 bps to 72.62% in 2026.
• The last three Gross Margin figures came in at 72.62% (Q2 2026), 72.99% (Q1 2026), and 72.78% (Q4 2025), per Business Quant data.