Duolingo (DUOL) Return on Equity [ROE] (2021 - 2026)
Duolingo (DUOL) recorded Return on Equity [ROE] of 29.32% in Q2 2026, up 16.80 percentage points from 12.53% a year earlier but down 1.52 percentage points from the prior quarter.
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Analysis
Duolingo (DUOL) Return on Equity [ROE] (2021 - 2026) Analysis & Trends
For FY2025, Duolingo reported Return on Equity [ROE] of 38.14%, up 26.17 percentage points from FY2024.
- Annual Return on Equity [ROE] has increased for four straight years, with a four-year change of +65.95 percentage points (FY2021 to FY2025).
- Across earlier years, Return on Equity [ROE] came in at 11.97% in FY2024 (+9.29 pp), 2.68% in FY2023 (+13.98 pp), -11.29% in FY2022 (+16.52 pp) and -27.82% in FY2021.
- Quarterly Return on Equity [ROE] has ranged from -25.43% in Q3 2021 to 33.79% in Q3 2025 over the past five years.
- On a year-over-year basis, Return on Equity [ROE] has increased for 16 consecutive quarters, with an average year-over-year change of +13.58 percentage points over the last eight quarters.
- Over the past five years, the year-over-year gain in Return on Equity [ROE] ranged from 0.67 percentage points (Q4 2022) to 22.87 percentage points (Q3 2025).
- Per Business Quant, the preceding three quarters came in at 30.85% (Q1 2026), 31.20% (Q4 2025) and 33.79% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 13.77% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 5.82% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 24.09% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 33.39% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | -1.95% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 29.32% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 115.93% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 0.93% |
| 10 | Bentley Systems | 9.44 Bn | 8.90 Bn | 336.74 Mn | 23.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.32% |
| Mar 31, 2026 | 30.85% |
| Dec 31, 2025 | 31.20% |
| Sep 30, 2025 | 33.79% |
| Jun 30, 2025 | 12.53% |
| Mar 31, 2025 | 11.26% |
| Dec 31, 2024 | 10.76% |
| Sep 30, 2024 | 10.92% |
| Jun 30, 2024 | 8.96% |
| Mar 31, 2024 | 6.67% |
| Dec 31, 2023 | 2.53% |
| Sep 30, 2023 | -1.65% |
| Jun 30, 2023 | -5.38% |
| Mar 31, 2023 | -9.03% |
| Dec 31, 2022 | -11.07% |
| Sep 30, 2022 | -11.89% |
| Jun 30, 2022 | -14.05% |
| Mar 31, 2022 | -11.38% |
| Dec 31, 2021 | -11.75% |
| Sep 30, 2021 | -25.43% |
API Access
Duolingo Return on Equity [ROE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=DUOL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "ticker": "DUOL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=DUOL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();