Udemy (UDMY) EBT Margin (2020 - 2026)

Udemy has disclosed EBT Margin across 7 years of filings, most recently posting 5.52% for Q1 2026.

• EBT Margin for Q1 2026 came in at 5.52%, down 510.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.18% (up 798.0% YoY), and the FY2025 annual result was 1.06%, up 1135.0% from the prior year.
• EBT Margin came in at 5.52% for Q1 2026 at Udemy, down from 0.5% in the prior quarter.
• In the past five years, EBT Margin ranged from a high of 3.7% in Q2 2025 to a low of 30.86% in Q4 2022.
• The 5-year median for EBT Margin is 10.3% (2023), against an average of 11.51%.
• Across the five-year window, EBT Margin slumped 2158 bps in 2022 and jumped 2056 bps in 2023, its largest moves.
• Udemy's EBT Margin stood at 30.86% in 2022, then surged by 67 bps to 10.3% in 2023, then jumped by 60 bps to 4.1% in 2024, then soared by 88 bps to 0.5% in 2025, then tumbled by 997 bps to 5.52% in 2026.
• The last three EBT Margin figures came in at 5.52% (Q1 2026), 0.5% (Q4 2025), and 1.4% (Q3 2025), per Business Quant data.