Udemy (UDMY) EBIT Margin (2020 - 2026)
Udemy's (UDMY) quarterly EBIT Margin came in at 6.54% in Q1 2026, down 430.0% year-on-year from 1.98% in Q1 2025, and down 270.11% quarter-over-quarter from 1.77% in Q4 2025.
Udemy (UDMY) EBIT Margin (2020 - 2026) Analysis & Trends
Udemy has disclosed EBIT Margin across 7 years of filings, most recently posting 6.54% for Q1 2026.
- EBIT Margin for Q1 2026 came in at 6.54%, down 430.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.56% (up 744.0% YoY), and the FY2025 annual result was 0.53%, up 1083.0% from the prior year.
- EBIT Margin came in at 6.54% for Q1 2026 at Udemy, down from 1.77% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 1.97% in Q2 2025 to a low of 32.72% in Q4 2022.
- The 5-year median for EBIT Margin is 13.14% (2024), against an average of 12.76%.
- Across the five-year window, EBIT Margin tumbled 1993 bps in 2022 and jumped 1918 bps in 2023, its largest moves.
- Udemy's EBIT Margin stood at 32.72% in 2022, then jumped by 59 bps to 13.54% in 2023, then jumped by 57 bps to 5.8% in 2024, then surged by 70 bps to 1.77% in 2025, then tumbled by 270 bps to 6.54% in 2026.
- The last three EBIT Margin figures came in at 6.54% (Q1 2026), 1.77% (Q4 2025), and 0.08% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.03 Bn | 6.99 Bn | 22.18 Mn | -16.93% |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn | -10.10% |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn | 4.68% |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn | 18.75% |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn | 20.49% |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn | 30.92% |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn | -1.37% |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn | 0.15% |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 28.47% |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn | -6.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -6.54% |
| Dec 31, 2025 | -1.77% |
| Sep 30, 2025 | -0.08% |
| Jun 30, 2025 | 1.97% |
| Mar 31, 2025 | -2.24% |
| Dec 31, 2024 | -5.80% |
| Sep 30, 2024 | -15.07% |
| Jun 30, 2024 | -13.14% |
| Mar 31, 2024 | -11.55% |
| Dec 31, 2023 | -13.54% |
| Sep 30, 2023 | -11.64% |
| Jun 30, 2023 | -15.41% |
| Mar 31, 2023 | -26.80% |
| Dec 31, 2022 | -32.72% |
| Sep 30, 2022 | -27.30% |
| Jun 30, 2022 | -18.63% |
| Mar 31, 2022 | -16.63% |
| Dec 31, 2021 | -30.23% |
| Sep 30, 2021 | -7.37% |
| Jun 30, 2021 | -8.70% |