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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 has reported Gross Margin over the past 6 years, most recently at 66.01% for Q4 2025.

  • On a quarterly basis, Gross Margin rose 239.0% to 66.01% in Q4 2025 year-over-year; TTM through Dec 2025 was 65.63%, a 309.0% increase, with the full-year FY2025 number at 65.63%, up 309.0% from a year prior.
  • Gross Margin reached 66.01% in Q4 2025 per UDMY's latest filing, roughly flat from 65.86% in the prior quarter.
  • The five-year high for Gross Margin was 66.06% in Q2 2025, with the low at 52.66% in Q4 2021.
  • The 5-year median for Gross Margin is 57.68% (2023), against an average of 59.24%.
  • Peak YoY movement for Gross Margin: tumbled -344bps in 2021, then skyrocketed 567bps in 2024.
  • Tracing UDMY's Gross Margin over 5 years: stood at 52.66% in 2021, then rose by 5bps to 55.25% in 2022, then grew by 5bps to 57.95% in 2023, then grew by 10bps to 63.62% in 2024, then rose by 4bps to 66.01% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods came in at 66.01%, 65.86%, and 66.06% for Q4 2025, Q3 2025, and Q2 2025 respectively.