Growth Metrics

Udemy (UDMY) FCF Margin (2020 - 2025)

Udemy's FCF Margin history spans 6 years, with the latest figure at 7.73% for Q4 2025.

  • For Q4 2025, FCF Margin rose 405.0% year-over-year to 7.73%; the TTM value through Dec 2025 reached 10.36%, up 521.0%, while the annual FY2025 figure was 10.36%, 521.0% up from the prior year.
  • FCF Margin for Q4 2025 was 7.73% at Udemy, roughly flat from 7.72% in the prior quarter.
  • Across five years, FCF Margin topped out at 21.15% in Q2 2025 and bottomed at 18.66% in Q4 2022.
  • The 5-year median for FCF Margin is 0.99% (2021), against an average of 0.27%.
  • The largest annual shift saw FCF Margin tumbled -1808bps in 2022 before it soared 2189bps in 2024.
  • A 5-year view of FCF Margin shows it stood at 0.58% in 2021, then crashed by -3124bps to 18.66% in 2022, then soared by 79bps to 3.94% in 2023, then surged by 193bps to 3.68% in 2024, then surged by 110bps to 7.73% in 2025.
  • Per Business Quant, the three most recent readings for UDMY's FCF Margin are 7.73% (Q4 2025), 7.72% (Q3 2025), and 21.15% (Q2 2025).