Duolingo annual operating margin
2020
2021
2022
2023
2024
2025
Duolingo Operating Margin Growth & History (DUOL)
Duolingo's operating margin was 13.07% for fiscal 2025.
View full Duolingo company overviewDuolingo annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 13.07% | +4.70 pp |
| 2024 | 2024-12-31 | 8.37% | +10.86 pp |
| 2023 | 2023-12-31 | −2.50% | +15.15 pp |
| 2022 | 2022-12-31 | −17.64% | +6.28 pp |
| 2021 | 2021-12-31 | −23.93% | −14.03 pp |
| 2020 | 2020-12-31 | −9.90% | — |
Duolingo quarterly operating margin
Q2.20
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 11.37% | −1.85 pp |
| Q1 2026 | 2026-03-31 | 15.25% | +5.03 pp |
| Q4 2025 | 2025-12-31 | 15.36% | +8.74 pp |
| Q3 2025 | 2025-09-30 | 12.94% | +5.89 pp |
| Q2 2025 | 2025-06-30 | 13.23% | +2.74 pp |
| Q1 2025 | 2025-03-31 | 10.23% | +0.41 pp |
| Q4 2024 | 2024-12-31 | 6.62% | +3.45 pp |
| Q3 2024 | 2024-09-30 | 7.05% | +10.44 pp |
| Q2 2024 | 2024-06-30 | 10.49% | +14.32 pp |
| Q1 2024 | 2024-03-31 | 9.81% | +17.18 pp |
| Q4 2023 | 2023-12-31 | 3.18% | +20.66 pp |
| Q3 2023 | 2023-09-30 | −3.39% | +17.59 pp |
| Q2 2023 | 2023-06-30 | −3.84% | +13.17 pp |
| Q1 2023 | 2023-03-31 | −7.37% | +7.22 pp |
| Q4 2022 | 2022-12-31 | −17.48% | +6.37 pp |
| Q3 2022 | 2022-09-30 | −20.99% | +24.14 pp |
| Q2 2022 | 2022-06-30 | −17.01% | −16.20 pp |
| Q1 2022 | 2022-03-31 | −14.59% | +9.64 pp |
| Q4 2021 | 2021-12-31 | −23.85% | −17.08 pp |
| Q3 2021 | 2021-09-30 | −45.13% | −45.33 pp |
| Q2 2021 | 2021-06-30 | −0.81% | — |
| Q1 2021 | 2021-03-31 | −24.23% | — |
| Q3 2020 | 2020-09-30 | −6.77% | — |
| Q2 2020 | 2020-06-30 | 0.20% | — |
Duolingo operating margin trends
Over the last five reported fiscal years, Duolingo's operating margin increased from −9.90% to 13.07%, a change of +22.97 percentage points. The latest reported quarter, Q2 2026, shows 11.37%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Duolingo filings at SEC.gov ↗