Udemy (UDMY) FCF Margin (2020 - 2026)
Quarterly results put FCF Margin at 7.78% for Q1 2026, up 287.0% from a year ago — trailing twelve months through Mar 2026 was 11.13% (up 570.0% YoY), and the annual figure for FY2025 was 10.36%, up 391.0%.
Udemy has reported FCF Margin over the past 7 years, most recently at 7.78% for Q1 2026.
- FCF Margin reached 7.78% in Q1 2026 per UDMY's latest filing, up from 7.73% in the prior quarter.
- Across five years, FCF Margin topped out at 20.97% in Q2 2025 and bottomed at 18.66% in Q4 2022.
- Median FCF Margin over the past 5 years was 4.2% (2024), compared with a mean of 1.64%.
- The largest annual shift saw FCF Margin plummeted -1808bps in 2022 before it surged 2033bps in 2024.
- Over 5 years, FCF Margin stood at 18.66% in 2022, then surged by 46bps to 10.16% in 2023, then surged by 141bps to 4.2% in 2024, then soared by 84bps to 7.73% in 2025, then rose by 1bps to 7.78% in 2026.
- Business Quant data shows FCF Margin for UDMY at 7.78% in Q1 2026, 7.73% in Q4 2025, and 7.72% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | - |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 3.93% |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 19.66% |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 28.01% |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 29.13% |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 30.51% |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | -11.94% |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 25.27% |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | -6.99% |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn | 7.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.78% |
| Dec 31, 2025 | 7.73% |
| Sep 30, 2025 | 7.72% |
| Jun 30, 2025 | 20.97% |
| Mar 31, 2025 | 4.91% |
| Dec 31, 2024 | 4.20% |
| Sep 30, 2024 | -0.26% |
| Jun 30, 2024 | 12.94% |
| Mar 31, 2024 | 9.00% |
| Dec 31, 2023 | -10.16% |
| Sep 30, 2023 | 9.54% |
| Jun 30, 2023 | 4.04% |
| Mar 31, 2023 | -11.33% |
| Dec 31, 2022 | -18.66% |
| Sep 30, 2022 | -5.42% |
| Jun 30, 2022 | -5.84% |
| Mar 31, 2022 | -9.28% |
| Dec 31, 2021 | -0.58% |
| Sep 30, 2021 | -5.42% |
| Jun 30, 2021 | 2.00% |
| Mar 31, 2021 | -11.80% |
| Dec 31, 2020 | 13.03% |