TTM
38.4%
YoY change
+28.07pp
Trough year (2021)
-24.0%
Peak year (2025)
39.9%
Latest annual
39.9%
Net Profit Margin history chart for Duolingo (DUOL) from 2019 to 2025
Latest: 39.9%
Net Profit Margin change chart for Duolingo (DUOL) from 2019 to 2025
Latest: +28.07pp
Net Profit Margin history table for Duolingo (DUOL) from 2019 to 2025
| 2025 | 39.9% | +28.07pp | ||
| 2024 | 11.8% | +8.82pp | ||
| 2023 | 3.0% | +19.15pp | ||
| 2022 | -16.1% | +7.86pp | ||
| 2021 | -24.0% | -14.22pp | ||
| 2020 | -9.8% | +9.40pp | ||
| 2019 | -19.2% | — |
- 202539.9%+28.07pp
- 202411.8%+8.82pp
- 20233.0%+19.15pp
- 2022-16.1%+7.86pp
- 2021-24.0%-14.22pp
- 2020-9.8%+9.40pp
- 2019-19.2%—
Net Profit Margin values are taken from Duolingo's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Net Profit Margin at Duolingo (DUOL)
According to Duolingo's latest reported financial statements, the company's latest reported net margin is 38.4%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Duolingo (DUOL) most recent annual net margin stands at 39.91% (2025) – expanded 28.1 percentage points year-over-year.
The record annual net margin stands at 39.91%, reached in 2025; the historical low of -23.98% was recorded in 2021.
Duolingo Net Profit Margin by Year
Duolingo Net Profit Margin 2025: 39.9%
Duolingo posted net margin of 39.91% in 2025, expanded 28.1 percentage points from 2024. This figure represents the highest annual value in the available history.
Duolingo Net Profit Margin 2024: 11.8%
In 2024, Duolingo reported net margin of 11.84%, expanded 8.8 percentage points from 2023.
Duolingo Net Profit Margin 2023: 3.0%
Duolingo net margin in 2023 was 3.03%, expanded 19.1 percentage points from 2022.
Duolingo Net Profit Margin 2022: -16.1%
2022's net margin for Duolingo came in at -16.12%, expanded 7.9 percentage points from 2021.
Duolingo Net Profit Margin 2021: -24.0%
Duolingo net margin in 2021 was -23.98%.
See more financial history for Duolingo (DUOL).
Sector peers by Net Profit Margin
Technology peers of Duolingo (DUOL), ranked by their latest net margin
| 63.0% | |
| 47.0% | |
| 41.5% | |
| 39.3% | |
| 38.8% | |
| 29.7% | |
| 27.2% | |
| 13.4% |
- 63.0%
- 47.0%
- 39.3%
- 38.8%
- 29.7%
- 27.2%
- 13.4%
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