Duolingo (DUOL) Net Margin (2020 - 2026)

Duolingo has reported Net Margin for 7 years, with the latest figure at 11.11% in Q2 2026.

• On a quarterly basis, Net Margin fell 664.0% year-over-year to 11.11% in Q2 2026; TTM through Jun 2026 was 35.87%, a 2264.0% increase from a year earlier, with the FY2025 full-year figure at 39.91%, up 2807.0% from the prior year.
• Net Margin was 11.11% for Q2 2026 at Duolingo, down from 14.89% in the prior quarter.
• The five-year high for Net Margin was 107.54% in Q3 2025, with the low at 19.2% in Q3 2022.
• Average Net Margin over 5 years is 9.78%, with a median of 9.57% recorded in 2023.
• The sharpest annual moves came in 2022 and 2025: Net Margin tumbled 1672 bps in 2022, then surged 9541 bps in 2025.
• Over 5 years, Net Margin stood at 13.42% in 2022, then soared by 160 bps to 8.03% in 2023, then decreased by 17 bps to 6.64% in 2024, then soared by 123 bps to 14.83% in 2025, then decreased by 25 bps to 11.11% in 2026.
• The last three Net Margin figures came in at 11.11% (Q2 2026), 14.89% (Q1 2026), and 14.83% (Q4 2025), per Business Quant data.