Udemy (UDMY) Tax Rate (2020 - 2026)

Udemy's (UDMY) quarterly Tax Rate came in at 19.44% in Q1 2026, up 9291.0% year-on-year from 0.21% in Q1 2025, and up 85.98% quarter-over-quarter from 138.63% in Q4 2025.

Udemy (UDMY) Tax Rate (2020 - 2026) Analysis & Trends

Udemy has disclosed Tax Rate across 7 years of filings, most recently posting 19.44% for Q1 2026.

  • Tax Rate for Q1 2026 came in at 19.44%, up 9291.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 406.19% (down 39958.0% YoY), and the FY2025 annual result was 54.34%, up 5971.0% from the prior year.
  • Tax Rate came in at 19.44% for Q1 2026 at Udemy, up from 138.63% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 40.27% in Q3 2025 to a low of 138.63% in Q4 2025.
  • The 5-year median for Tax Rate is 3.54% (2024), against an average of 15.78%.
  • Across the five-year window, Tax Rate tumbled 11842 bps in 2025 and jumped 9291 bps in 2026, its largest moves.
  • Udemy's Tax Rate stood at 2.22% in 2022, then plunged by 68 bps to 3.73% in 2023, then tumbled by 441 bps to 20.2% in 2024, then sank by 586 bps to 138.63% in 2025, then jumped by 86 bps to 19.44% in 2026.
  • The last three Tax Rate figures came in at 19.44% (Q1 2026), 138.63% (Q4 2025), and 40.27% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 51Talk Online Education 7.03 Bn 6.99 Bn 22.18 Mn 11.20%
2 Laureate Education 5.22 Bn 5.06 Bn -16.39 Mn 20.92%
3 Graham Holdings 5.09 Bn 4.08 Bn 841.00 Mn 24.35%
4 Covista 4.40 Bn 4.40 Bn 276.31 Mn 25.61%
5 Stride 4.17 Bn 3.36 Bn 231.57 Mn 26.13%
6 Grand Canyon Education 3.94 Bn 3.69 Bn 244.77 Mn 23.49%
7 McGraw Hill 2.19 Bn 1.94 Bn 388.89 Mn 4.69%
8 Universal Technical Institute 2.14 Bn 1.97 Bn 103.97 Mn -26.11%
9 Perdoceo Education 2.13 Bn 1.45 Bn 174.68 Mn 20.81%
10 Udemy 672.44 Mn 419.78 Mn 129.27 Mn -19.44%

Historic Data

Download Data
DateValue
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%