Udemy (UDMY) Tax Rate (2020 - 2026)
Quarterly results put Tax Rate at 19.44% for Q1 2026, up 9291.0% from a year ago — trailing twelve months through Mar 2026 was 406.19% (down 39958.0% YoY), and the annual figure for FY2025 was 54.34%, up 5971.0%.
Udemy has reported Tax Rate over the past 7 years, most recently at 19.44% for Q1 2026.
- Tax Rate reached 19.44% in Q1 2026 per UDMY's latest filing, up from 138.63% in the prior quarter.
- Across five years, Tax Rate topped out at 40.27% in Q3 2025 and bottomed at 138.63% in Q4 2025.
- Median Tax Rate over the past 5 years was 3.54% (2024), compared with a mean of 15.78%.
- The largest annual shift saw Tax Rate crashed -11842bps in 2025 before it skyrocketed 9291bps in 2026.
- Over 5 years, Tax Rate stood at 2.22% in 2022, then tumbled by -68bps to 3.73% in 2023, then plummeted by -441bps to 20.2% in 2024, then tumbled by -586bps to 138.63% in 2025, then skyrocketed by 86bps to 19.44% in 2026.
- Business Quant data shows Tax Rate for UDMY at 19.44% in Q1 2026, 138.63% in Q4 2025, and 40.27% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | 11.20 |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 24.35 |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 20.92 |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 23.49 |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 26.13 |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 20.81 |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | -26.11 |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 22.46 |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 22.21 |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn | -19.44 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -19.44% |
| Mar 31, 2026 | -19.44% |
| Dec 31, 2025 | -138.63% |
| Dec 31, 2025 | -138.63% |
| Sep 30, 2025 | 40.27% |
| Sep 30, 2025 | 40.27% |
| Jun 30, 2025 | 15.31% |
| Jun 30, 2025 | 15.31% |
| Mar 31, 2025 | -112.35% |
| Mar 31, 2025 | -112.35% |
| Dec 31, 2024 | -20.20% |
| Dec 31, 2024 | -20.20% |
| Sep 30, 2024 | -3.54% |
| Sep 30, 2024 | -3.54% |
| Jun 30, 2024 | -2.59% |
| Jun 30, 2024 | -2.59% |
| Mar 31, 2024 | -5.93% |
| Mar 31, 2024 | -5.93% |
| Dec 31, 2023 | -3.73% |
| Dec 31, 2023 | -3.73% |
| Sep 30, 2023 | -5.08% |
| Sep 30, 2023 | -5.08% |
| Jun 30, 2023 | -4.28% |
| Jun 30, 2023 | -4.28% |
| Mar 31, 2023 | -2.43% |
| Mar 31, 2023 | -2.43% |
| Dec 31, 2022 | -2.22% |
| Dec 31, 2022 | -2.22% |
| Sep 30, 2022 | -1.11% |
| Sep 30, 2022 | -1.11% |
| Jun 30, 2022 | -1.06% |
| Jun 30, 2022 | -1.06% |
| Mar 31, 2022 | -1.31% |
| Mar 31, 2022 | -1.31% |
| Dec 31, 2021 | -1.64% |
| Dec 31, 2021 | -1.64% |
| Sep 30, 2021 | 5.56% |
| Sep 30, 2021 | 5.56% |
| Jun 30, 2021 | -1.37% |
| Jun 30, 2021 | -1.37% |
| Mar 31, 2021 | -5.30% |
| Mar 31, 2021 | -5.30% |
| Dec 31, 2020 | -3.40% |
| Dec 31, 2020 | -3.40% |
| Sep 30, 2020 | 20.97% |
| Sep 30, 2020 | 20.97% |