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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Udemy (UDMY) Gross Margin (2020 - 2025)

Udemy's Gross Margin history spans 6 years, with the latest figure at 66.01% for Q4 2025.

  • For Q4 2025, Gross Margin rose 239.0% year-over-year to 66.01%; the TTM value through Dec 2025 reached 65.63%, up 309.0%, while the annual FY2025 figure was 65.63%, 309.0% up from the prior year.
  • Gross Margin for Q4 2025 was 66.01% at Udemy, roughly flat from 65.86% in the prior quarter.
  • Across five years, Gross Margin topped out at 66.06% in Q2 2025 and bottomed at 52.66% in Q4 2021.
  • The 5-year median for Gross Margin is 57.68% (2023), against an average of 59.24%.
  • The largest annual shift saw Gross Margin surged 10866462bps in 2021 before it rose 17bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 52.66% in 2021, then grew by 5bps to 55.25% in 2022, then increased by 5bps to 57.95% in 2023, then increased by 10bps to 63.62% in 2024, then grew by 4bps to 66.01% in 2025.
  • Per Business Quant, the three most recent readings for UDMY's Gross Margin are 66.01% (Q4 2025), 65.86% (Q3 2025), and 66.06% (Q2 2025).