Duolingo, Inc. (DUOL) stock

DUOLNasdaqServices-Prepackaged SoftwareFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 15/3030% above fair value

$165.31+7.89 (+5.01%)

Close on Nov 13, 2026Market cap $7.73BP/E 55.5Yield –

Duolingo profit margin

Profit margin (net margin) is net income as a percentage of revenue.

Duolingo's profit margin for the twelve months ending Sep 30, 2026 was 12.3%. For fiscal 2025 it was 39.9%, against 11.8% the year before. The highest annual figure on record is 39.9% in fiscal 2025.

Annual profit margin

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	39.9%	+28.1
FY2024	Dec 31, 2024	11.8%	+8.8
FY2023	Dec 31, 2023	3.0%	+19.1
FY2022	Dec 31, 2022	-16.1%	+7.9
FY2021	Dec 31, 2021	-24.0%	−14.2
FY2020	Dec 31, 2020	-9.8%	–

Quarterly profit margin

Change is against the same quarter a year earlier.

Period	Period end	Value	Change (pts)
Q3 FY2026	Sep 30, 2026	8.8%	−98.7
Q2 FY2026	Jun 30, 2026	11.1%	−6.6
Q1 FY2026	Mar 31, 2026	14.9%	−0.3
Q4 FY2025	Dec 31, 2025	14.8%	+8.2
Q3 FY2025	Sep 30, 2025	107.5%	+95.4
Q2 FY2025	Jun 30, 2025	17.8%	+4.1
Q1 FY2025	Mar 31, 2025	15.2%	−0.9
Q4 FY2024	Dec 31, 2024	6.6%	−1.4
Q3 FY2024	Sep 30, 2024	12.1%	+10.1
Q2 FY2024	Jun 30, 2024	13.7%	+10.7
Q1 FY2024	Mar 31, 2024	16.1%	+18.3
Q4 FY2023	Dec 31, 2023	8.0%	+21.4
Q3 FY2023	Sep 30, 2023	2.0%	+21.2
Q2 FY2023	Jun 30, 2023	2.9%	+20.0
Q1 FY2023	Mar 31, 2023	-2.2%	+12.7
Q4 FY2022	Dec 31, 2022	-13.4%	+10.6
Q3 FY2022	Sep 30, 2022	-19.2%	+26.4
Q2 FY2022	Jun 30, 2022	-17.0%	−16.7
Q1 FY2022	Mar 31, 2022	-15.0%	−14.6
Q4 FY2021	Dec 31, 2021	-24.0%	−2.4
Q3 FY2021	Sep 30, 2021	-45.6%	−38.5
Q2 FY2021	Jun 30, 2021	-0.3%	−0.4
Q1 FY2021	Mar 31, 2021	-0.3%	–
Q4 FY2020	Dec 31, 2020	-21.6%	–
Q3 FY2020	Sep 30, 2020	-7.0%	–
Q2 FY2020	Jun 30, 2020	0.1%	–