Udemy (UDMY) Gross Profit (2020 - 2026)
Udemy's (UDMY) quarterly Gross Profit came in at $129.3 million in Q1 2026, little changed year-on-year from $129.4 million in Q1 2025, and up 0.95% quarter-over-quarter from $128.0 million in Q4 2025.
Udemy (UDMY) Gross Profit (2020 - 2026) Analysis & Trends
Udemy has disclosed Gross Profit across 7 years of filings, most recently posting $129.3 million for Q1 2026.
- Gross Profit for Q1 2026 came in at $129.3 million, changed 0.14% year-over-year; the trailing twelve-month figure through Mar 2026 was $518.2 million (up 3.48% YoY), and the FY2025 annual result was $518.4 million, up 5.38% from the prior year.
- Gross Profit came in at $129.3 million for Q1 2026 at Udemy, up from $128.0 million in the prior quarter.
- In the past five years, Gross Profit ranged from a high of $132.0 million in Q2 2025 to a low of $85.8 million in Q1 2022.
- The 5-year median for Gross Profit is $120.6 million (2024), against an average of $112.5 million.
- Across the five-year window, Gross Profit increased 28.75% in 2022 and decreased 0.14% in 2026, its largest moves.
- Udemy's Gross Profit stood at $91.3 million in 2022, then rose by 20.26% to $109.8 million in 2023, then advanced by 15.8% to $127.2 million in 2024, then grew by 0.66% to $128.0 million in 2025, then climbed by 0.95% to $129.3 million in 2026.
- The last three Gross Profit figures came in at $129.3 million (Q1 2026), $128.0 million (Q4 2025), and $128.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.03 Bn | 6.99 Bn | 22.18 Mn |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 129.27 Mn |
| Mar 31, 2026 | 129.27 Mn |
| Dec 31, 2025 | 128.05 Mn |
| Dec 31, 2025 | 128.05 Mn |
| Sep 30, 2025 | 128.87 Mn |
| Sep 30, 2025 | 128.87 Mn |
| Jun 30, 2025 | 132.05 Mn |
| Jun 30, 2025 | 132.05 Mn |
| Mar 31, 2025 | 129.44 Mn |
| Mar 31, 2025 | 129.44 Mn |
| Dec 31, 2024 | 127.21 Mn |
| Dec 31, 2024 | 127.21 Mn |
| Sep 30, 2024 | 123.06 Mn |
| Sep 30, 2024 | 123.06 Mn |
| Jun 30, 2024 | 121.12 Mn |
| Jun 30, 2024 | 121.12 Mn |
| Mar 31, 2024 | 120.56 Mn |
| Mar 31, 2024 | 120.56 Mn |
| Dec 31, 2023 | 109.85 Mn |
| Dec 31, 2023 | 109.85 Mn |