Udemy (UDMY) Share-based Compensation (2020 - 2026)
Udemy's (UDMY) quarterly Share-based Compensation came in at $16.4 million in Q1 2026, down 8.9% year-on-year from $18.0 million in Q1 2025, and up 8.59% quarter-over-quarter from $15.1 million in Q4 2025.
Udemy (UDMY) Share-based Compensation (2020 - 2026) Analysis & Trends
Udemy has disclosed Share-based Compensation across 7 years of filings, most recently posting $16.4 million for Q1 2026.
- Share-based Compensation for Q1 2026 came in at $16.4 million, down 8.9% year-over-year; the trailing twelve-month figure through Mar 2026 was $67.2 million (down 21.26% YoY), and the FY2025 annual result was $68.8 million, down 23.63% from the prior year.
- Share-based Compensation came in at $16.4 million for Q1 2026 at Udemy, up from $15.1 million in the prior quarter.
- In the past five years, Share-based Compensation ranged from a high of $28.2 million in Q4 2022 to a low of $13.3 million in Q1 2022.
- The 5-year median for Share-based Compensation is $22.7 million (2024), against an average of $20.7 million.
- Across the five-year window, Share-based Compensation jumped 245.83% in 2022 and slipped 28.36% in 2025, its largest moves.
- Udemy's Share-based Compensation stood at $28.2 million in 2022, then declined by 18.17% to $23.1 million in 2023, then slipped by 14.53% to $19.8 million in 2024, then slipped by 23.71% to $15.1 million in 2025, then rose by 8.59% to $16.4 million in 2026.
- The last three Share-based Compensation figures came in at $16.4 million (Q1 2026), $15.1 million (Q4 2025), and $18.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 6.23 Bn | 6.19 Bn | 22.18 Mn | - |
| 2 | Laureate Education | 5.07 Bn | 4.91 Bn | -16.39 Mn | 2.62 Mn |
| 3 | Graham Holdings | 4.95 Bn | 3.94 Bn | 841.00 Mn | 1.50 Mn |
| 4 | Covista | 4.04 Bn | 4.03 Bn | 276.31 Mn | 9.57 Mn |
| 5 | Grand Canyon Education | 3.86 Bn | 3.61 Bn | 244.77 Mn | 3.60 Mn |
| 6 | Stride | 3.58 Bn | 2.78 Bn | 231.57 Mn | 5.40 Mn |
| 7 | Universal Technical Institute | 2.10 Bn | 1.94 Bn | 103.97 Mn | 3.90 Mn |
| 8 | Perdoceo Education | 2.01 Bn | 1.32 Bn | 174.68 Mn | 3.20 Mn |
| 9 | McGraw Hill | 1.88 Bn | 1.63 Bn | 388.89 Mn | 1.99 Mn |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn | 16.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.37 Mn |
| Mar 31, 2026 | 16.37 Mn |
| Dec 31, 2025 | 15.07 Mn |
| Dec 31, 2025 | 15.07 Mn |
| Sep 30, 2025 | 18.29 Mn |
| Sep 30, 2025 | 18.29 Mn |
| Jun 30, 2025 | 17.42 Mn |
| Jun 30, 2025 | 17.42 Mn |
| Mar 31, 2025 | 17.97 Mn |
| Mar 31, 2025 | 17.97 Mn |
| Dec 31, 2024 | 19.76 Mn |
| Dec 31, 2024 | 19.76 Mn |
| Sep 30, 2024 | 23.24 Mn |
| Sep 30, 2024 | 23.24 Mn |
| Jun 30, 2024 | 24.32 Mn |
| Jun 30, 2024 | 24.32 Mn |
| Mar 31, 2024 | 22.71 Mn |
| Mar 31, 2024 | 22.71 Mn |
| Dec 31, 2023 | 23.12 Mn |
| Dec 31, 2023 | 23.12 Mn |