Duolingo (DUOL) Net Margin (2020 - 2026)
Duolingo (DUOL) posted quarterly Net Margin of 14.89% for Q1 2026, down 34.0% year-over-year from 22.55% in Q1 2025, and little changed quarter-over-quarter from 14.83% in Q4 2025.
Duolingo (DUOL) Net Margin (2020 - 2026) Analysis & Trends
Duolingo's Net Margin history runs 7 years deep, the most recent figure standing at 14.89% for Q1 2026.
- In Q1 2026, Net Margin fell 34.0% year-over-year to 14.89%; the TTM figure through Mar 2026 stood at 38.44% (up 2651.0% YoY), while the FY2025 annual figure was 39.91%, up 2807.0% from the prior year.
- Net Margin for Q1 2026 stood at 14.89%, roughly flat from 14.83% 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.
- The 5-year median for Net Margin is 8.03% (2023), against an average of 9.7%.
- The sharpest annual moves came in 2022 and 2025: Net Margin tumbled 1672 bps in 2022, then soared 9541 bps in 2025.
- Duolingo's Net Margin stood at 13.42% in 2022, then jumped by 160 bps to 8.03% in 2023, then fell by 17 bps to 6.64% in 2024, then jumped by 123 bps to 14.83% in 2025, then gained by 0 bps to 14.89% in 2026.
- Business Quant data shows DUOL's Net Margin at 14.89% in Q1 2026, 14.83% in Q4 2025, and 107.54% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 21.16% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 41.92% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 18.93% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 17.17% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 7.47% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -21.25% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 17.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 25.87% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 35.80% |
| 10 | Duolingo | 12.42 Bn | 11.10 Bn | 216.74 Mn | 11.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.11% |
| Mar 31, 2026 | 14.89% |
| Dec 31, 2025 | 14.83% |
| Sep 30, 2025 | 107.54% |
| Jun 30, 2025 | 17.75% |
| Mar 31, 2025 | 15.23% |
| Dec 31, 2024 | 6.64% |
| Sep 30, 2024 | 12.13% |
| Jun 30, 2024 | 13.66% |
| Mar 31, 2024 | 16.09% |
| Dec 31, 2023 | 8.03% |
| Sep 30, 2023 | 2.04% |
| Jun 30, 2023 | 2.94% |
| Mar 31, 2023 | -2.23% |
| Dec 31, 2022 | -13.42% |
| Sep 30, 2022 | -19.20% |
| Jun 30, 2022 | -17.02% |
| Mar 31, 2022 | -14.96% |
| Dec 31, 2021 | -23.99% |
| Sep 30, 2021 | -45.55% |