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| 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% |