Duolingo DUOL Revenue Breakdown

NASDAQ DUOL
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At close: Sep 25, 2026 · 4:00 PM EDT
Annual revenue breakdowns for Duolingo, fiscal 2020 to 2025, as reported in its filings.
Annual history

Duolingo Revenue by Product & Service

Years FY 2020–2025
Lines 5
FY 2025 Total $1.04B

Subscription was Duolingo’s largest product and service line in fiscal 2025, bringing in $873.44M of $1.04B (84%).

Duolingo revenue by product and service, fiscal 2020 to 2025
Product and Service FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Subscription $273.51M $404.68M $607.53M $873.44M
Advertising $44.73M $49.86M $54.91M $79.73M
Iaps — $34.67M $38.65M $40.48M
Duolingo English Test $32.72M $41.21M $45.64M $42.01M
Other $625.00K $682.00K $1.29M $1.94M
Total $369.50M $531.11M $748.02M $1.04B
Totals include 1 discontinued line from earlier reporting.

Duolingo revenue by product and service: what the figures show

Duolingo brought in $1.04B from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 38.7% from $748.02M in fiscal 2024. Subscription was the largest at $873.44M (84.2%), ahead of Advertising at $79.73M (7.7%) and Duolingo English Test at $42.01M (4.0%). The other two lines brought in $42.42M combined.

Compared with fiscal 2024, Advertising grew fastest, up 45.2% to $79.73M, while Duolingo English Test fell the most, down 8.0% to $42.01M.

Duolingo began breaking out Iaps in fiscal 2023, when it brought in $34.67M. Duolingo stopped reporting In-App Purchases as a separate line after fiscal 2022, when it brought in $17.91M.

Annual history

Duolingo Revenue by Geography

Years FY 2020–2025
Lines 2
FY 2025 Total $1.04B

Rest Of World was Duolingo’s largest region in fiscal 2025, bringing in $645.38M of $1.04B (62%).

Duolingo revenue by geography, fiscal 2020 to 2025
Geography FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Rest Of World $201.18M $292.35M $436.49M $645.38M
United States $168.32M $238.76M $311.54M $392.21M
Total $369.50M $531.11M $748.02M $1.04B
Totals include 1 discontinued line from earlier reporting.

Duolingo revenue by geography: what the figures show

Duolingo brought in $1.04B from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 38.7% from $748.02M in fiscal 2024. Rest Of World was the largest at $645.38M (62.2%), ahead of United States at $392.21M (37.8%).

Compared with fiscal 2024, Rest Of World grew 47.9% to $645.38M and United States grew 25.9% to $392.21M. From fiscal 2022 to 2025, combined revenue from these regions grew from $369.50M to $1.04B, a compound annual growth rate of 41.1%. Rest Of World's share of the total rose from 54.4% to 62.2%.

Questions

Duolingo Revenue Breakdown FAQ

How does Duolingo make money?

Duolingo (DUOL) reports its revenue by product and service and by geography. In fiscal 2025, Subscription was its largest product and service line, bringing in $873.44M (84.2% of the total), followed by Advertising at $79.73M (7.7%).

What is Duolingo's largest product and service line?

Subscription was Duolingo's largest product and service line in fiscal 2025, bringing in $873.44M, or 84.2% of the $1.04B total across its five product and service lines.

What is Duolingo's largest region?

Rest Of World was Duolingo's largest region in fiscal 2025, bringing in $645.38M, or 62.2% of the $1.04B total across its two regions.

Which Duolingo product and service line is growing the fastest?

Among Duolingo's product and service lines that make up at least 2% of revenue, Advertising grew fastest in fiscal 2025, up 45.2% from $54.91M to $79.73M.

Where does this revenue breakdown data come from?

Every figure comes from Duolingo's annual financial filings, as reported. Each line keeps the name Duolingo gives it, and years follow its fiscal calendar.

How far back does Duolingo's revenue breakdown go?

Duolingo's revenue by product and service goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.