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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) Operating Margin (2020 - 2025)

Duolingo has reported Operating Margin over the past 6 years, most recently at 15.36% for Q4 2025.

  • Quarterly results put Operating Margin at 15.36% for Q4 2025, up 874.0% from a year ago — trailing twelve months through Dec 2025 was 13.07% (up 470.0% YoY), and the annual figure for FY2025 was 13.07%, up 470.0%.
  • Operating Margin for Q4 2025 was 15.36% at Duolingo, up from 12.94% in the prior quarter.
  • Over the last five years, Operating Margin for DUOL hit a ceiling of 15.36% in Q4 2025 and a floor of 45.13% in Q3 2021.
  • Median Operating Margin over the past 5 years was 2.1% (2021), compared with a mean of 4.49%.
  • Biggest five-year swings in Operating Margin: plummeted -3836bps in 2021 and later soared 2414bps in 2022.
  • Duolingo's Operating Margin stood at 23.85% in 2021, then grew by 27bps to 17.48% in 2022, then skyrocketed by 118bps to 3.18% in 2023, then surged by 109bps to 6.62% in 2024, then soared by 132bps to 15.36% in 2025.
  • The last three reported values for Operating Margin were 15.36% (Q4 2025), 12.94% (Q3 2025), and 13.23% (Q2 2025) per Business Quant data.