Duolingo (DUOL) Operating Margin (2020 - 2026)

Duolingo's Operating Margin history runs 7 years deep, the most recent figure standing at 15.25% for Q1 2026.

• On a quarterly basis, Operating Margin rose 503.0% year-over-year to 15.25% in Q1 2026; TTM through Mar 2026 was 14.24%, a 564.0% increase from a year earlier, with the FY2025 full-year figure at 13.07%, up 470.0% from the prior year.
• Operating Margin eased to 15.25% in Q1 2026 per DUOL's latest filing, from 15.36% in the prior quarter.
• Across five years, Operating Margin topped out at 15.36% in Q4 2025 and bottomed at 20.99% in Q3 2022.
• The 5-year median for Operating Margin is 6.62% (2024), against an average of 1.15%.
• Biggest YoY gain for Operating Margin was 2414 bps in 2022; the steepest drop was 1620 bps in 2022.
• Year by year, Operating Margin stood at 17.48% in 2022, then soared by 118 bps to 3.18% in 2023, then jumped by 109 bps to 6.62% in 2024, then surged by 132 bps to 15.36% in 2025, then declined by 1 bps to 15.25% in 2026.
• Per Business Quant, the three latest DUOL Operating Margin figures stand at 15.25% (Q1 2026), 15.36% (Q4 2025), and 12.94% (Q3 2025).