SuperworthDuolingo profit margin DUOL
Gross, operating and net profit as a share of revenue over the last twelve months, from 2020.
- Net margin, 12 months
- 35.9%
- Operating margin, 12 months
- 13.7%
- Net margin on a year earlier
- +22.6 pts
- Peer median
- 12.3%
Over the twelve months to Jun 30, 2026, Duolingo kept 35.9% of its revenue as net profit, with an operating margin of 13.7% and a gross margin of 72.7%.
Five years earlier its net margin was −13.1%.
The median for 10 infrastructure software stocks of a similar size is 12.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 39.9% | 13.1% | 72.2% |
| FY2024 | 11.8% | 8.4% | 72.8% |
| FY2023 | 3.0% | −2.5% | 73.2% |
| FY2022 | −16.1% | −17.6% | 73.1% |
| FY2021 | −24.0% | −23.9% | 72.4% |
| FY2020 | −9.8% | −9.9% | 71.6% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 35.9% | +22.6 pts | 13.7% | |
| Q1 FY26 | 38.4% | +26.5 pts | 14.2% | |
| Q4 FY25 | 39.9% | +28.1 pts | 13.1% | |
| Q3 FY25 | 40.0% | +27.4 pts | 11.0% | |
| Q2 FY25 | 13.2% | +2.8 pts | 9.5% | |
| Q1 FY25 | 11.9% | +4.1 pts | 8.6% | |
| Q4 FY24 | 11.8% | +8.8 pts | 8.4% | |
| Q3 FY24 | 12.6% | +14.6 pts | 7.8% | |
| Q2 FY24 | 10.4% | +17.5 pts | 5.6% | |
| Q1 FY24 | 7.8% | +20.2 pts | 2.0% | |
| Q4 FY23 | 3.0% | +19.1 pts | −2.5% | |
| Q3 FY23 | −2.1% | +16.6 pts | −7.5% |
Against its peers
Companies in Software - Infrastructure nearest Duolingo's size, closest first, today.
| Company | Profit margin |
|---|---|
| DUOLDuolingo | 35.9% |
| OTEXOpen Text | 12.3% |
| CVLTCommvault Systems | 5.6% |
| YOUClear Secure | 14.8% |
| SAICScience Applications International | 5.1% |
| PATHUiPath | 21.0% |
| APPFAppfolio | 15.1% |
| QLYSQualys | 29.4% |
| BOXBox | 10.6% |
| ACIWACI Worldwide | 12.4% |
| WAYWaystar | 11.2% |
| Peer median | 12.3% |
Where Duolingo ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Duolingo
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.