Duolingo (DUOL) Net Margin (2020 - 2026)

Duolingo's Net Margin history runs 7 years deep, the most recent figure standing at 14.89% for Q1 2026.

• On a quarterly basis, Net Margin fell 34.0% year-over-year to 14.89% in Q1 2026; TTM through Mar 2026 was 38.44%, a 2651.0% increase from a year earlier, with the FY2025 full-year figure at 39.91%, up 2807.0% from the prior year.
• Net Margin was little changed at 14.89% in Q1 2026 per DUOL's latest filing, from 14.83% in the prior quarter.
• Across five years, Net Margin topped out at 107.54% in Q3 2025 and bottomed at 19.2% in Q3 2022.
• The 5-year median for Net Margin is 8.03% (2023), against an average of 9.7%.
• Across the five-year window, Net Margin plunged 1672 bps in 2022 and soared 9541 bps in 2025, its largest moves.
• Year by year, Net Margin stood at 13.42% in 2022, then surged by 160 bps to 8.03% in 2023, then retreated by 17 bps to 6.64% in 2024, then surged by 123 bps to 14.83% in 2025, then advanced by 0 bps to 14.89% in 2026.
• Per Business Quant, the three latest DUOL Net Margin figures stand at 14.89% (Q1 2026), 14.83% (Q4 2025), and 107.54% (Q3 2025).