Udemy (UDMY) Net Margin (2020 - 2026)
Quarterly results put Net Margin at 6.59% for Q1 2026, down 571.0% from a year ago — trailing twelve months through Mar 2026 was 0.9% (up 780.0% YoY), and the annual figure for FY2025 was 0.48%, up 1133.0%.
Udemy has reported Net Margin over the past 7 years, most recently at 6.59% for Q1 2026.
- Net Margin reached 6.59% in Q1 2026 per UDMY's latest filing, down from 1.2% in the prior quarter.
- Across five years, Net Margin topped out at 3.13% in Q2 2025 and bottomed at 31.54% in Q4 2022.
- Median Net Margin over the past 5 years was 10.68% (2023), compared with a mean of 12.04%.
- The largest annual shift saw Net Margin tumbled -2232bps in 2022 before it surged 2086bps in 2023.
- Over 5 years, Net Margin stood at 31.54% in 2022, then soared by 66bps to 10.68% in 2023, then skyrocketed by 54bps to 4.93% in 2024, then soared by 76bps to 1.2% in 2025, then tumbled by -449bps to 6.59% in 2026.
- Business Quant data shows Net Margin for UDMY at 6.59% in Q1 2026, 1.2% in Q4 2025, and 0.84% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | -17.22% |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 2.49% |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 0.21% |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 24.40% |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 14.16% |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 24.33% |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 0.22% |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 10.72% |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 3.03% |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn | -6.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -6.59% |
| Dec 31, 2025 | -1.20% |
| Sep 30, 2025 | 0.84% |
| Jun 30, 2025 | 3.13% |
| Mar 31, 2025 | -0.88% |
| Dec 31, 2024 | -4.93% |
| Sep 30, 2024 | -12.93% |
| Jun 30, 2024 | -16.37% |
| Mar 31, 2024 | -9.32% |
| Dec 31, 2023 | -10.68% |
| Sep 30, 2023 | -9.08% |
| Jun 30, 2023 | -14.44% |
| Mar 31, 2023 | -25.25% |
| Dec 31, 2022 | -31.54% |
| Sep 30, 2022 | -29.47% |
| Jun 30, 2022 | -19.19% |
| Mar 31, 2022 | -16.85% |
| Dec 31, 2021 | -30.55% |
| Sep 30, 2021 | -7.15% |
| Jun 30, 2021 | -9.03% |
| Mar 31, 2021 | -14.44% |
| Dec 31, 2020 | -24.56% |
| Sep 30, 2020 | 1.57% |