TTM
14.8%
YoY change
+5.11pp
Trough year (2021)
-22.4%
Peak year (2025)
13.6%
Latest annual
13.6%
Operating Margin history chart for Duolingo (DUOL) from 2019 to 2025
Latest: 13.6%
Operating Margin change chart for Duolingo (DUOL) from 2019 to 2025
Latest: +5.11pp
Operating Margin history table for Duolingo (DUOL) from 2019 to 2025
| 2025 | 13.6% | +5.11pp | ||
| 2024 | 8.5% | +10.93pp | ||
| 2023 | -2.4% | +15.04pp | ||
| 2022 | -17.5% | +4.90pp | ||
| 2021 | -22.4% | -12.64pp | ||
| 2020 | -9.7% | +8.50pp | ||
| 2019 | -18.2% | — |
- 202513.6%+5.11pp
- 20248.5%+10.93pp
- 2023-2.4%+15.04pp
- 2022-17.5%+4.90pp
- 2021-22.4%-12.64pp
- 2020-9.7%+8.50pp
- 2019-18.2%—
Operating 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 Operating Margin at Duolingo (DUOL)
According to Duolingo's latest reported financial statements, the company's latest reported operating margin is 14.8%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Duolingo (DUOL) reported operating margin of 13.61% – expanded 5.1 percentage points year-over-year.
Across the available history, operating margin reached its high of 13.61% in 2025 and its low of -22.37% in 2021.
Duolingo Operating Margin by Year
Duolingo Operating Margin 2025: 13.6%
Duolingo posted operating margin of 13.61% in 2025, expanded 5.1 percentage points from 2024. This figure represents the highest annual value in the available history.
Duolingo Operating Margin 2024: 8.5%
In 2024, Duolingo reported operating margin of 8.50%, expanded 10.9 percentage points from 2023.
Duolingo Operating Margin 2023: -2.4%
Duolingo operating margin in 2023 was -2.43%, expanded 15.0 percentage points from 2022.
Duolingo Operating Margin 2022: -17.5%
2022's operating margin for Duolingo came in at -17.47%, expanded 4.9 percentage points from 2021.
Duolingo Operating Margin 2021: -22.4%
Duolingo operating margin in 2021 was -22.37%.
See more financial history for Duolingo (DUOL).
Sector peers by Operating Margin
Technology peers of Duolingo (DUOL), ranked by their latest operating margin
| 64.0% | |
| 53.2% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 11.7% |
- 64.0%
- 53.2%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 11.7%
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