Filing Flows › Duolingo (DUOL) › Q2 2026 › vs Q2 2025
Duolingo (DUOL) Q2 2026 vs Q2 2025 (year over year)
Duolingo's revenue rose $46.2M (+18%) from $252M in Q2 2025 to $298M in Q2 2026. The biggest changes: Subscription +$47.4M (+22%); IAPs −$2.4M (-23%); Other +$750K (+148%). Gross margin 72.6% against 72.4% (+0.2 pts).
Duolingo, Q2 2026: revenue $298M (+18% year over year), operating margin 11.4%, net earnings $33.2M, operating cash flow $88.3M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 72.6% | 72.4% | +0.2 pts |
| Operating margin | 11.4% | 13.2% | -1.9 pts |
| Net margin | 11.1% | 17.8% | -6.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Subscription | $258M | $211M | $47.4M | +22% |
| Advertising | $21.1M | $20.6M | $449K | +2% |
| Duolingo English Test | $10.1M | $10.1M | $21K | +0.2% |
| IAPs | $8.0M | $10.4M | −$2.4M | -23% |
| Other | $1.3M | $506K | $750K | +148% |
| Revenue | $298M | $252M | $46.2M | +18% |
| Gross profit | $217M | $183M | $34.2M | +19% |
| Cost of revenue | $81.7M | $69.7M | $12.0M | +17% |
| Other income, net | $11.4M | $13.1M | −$1.7M | -13% |
| Operating profit | $33.9M | $33.4M | $582K | +2% |
| Operating expenses | $183M | $149M | $33.6M | +23% |
| Pre-tax earnings | $45.4M | $46.5M | −$1.1M | -2% |
| Research & development | $92.2M | $73.7M | $18.5M | +25% |
| Sales & marketing | $40.0M | $29.6M | $10.4M | +35% |
| General & admin | $50.6M | $46.0M | $4.6M | +10% |
| Net earnings | $33.2M | $44.8M | −$11.6M | -26% |
| Income tax | $12.2M | $1.7M | $10.5M | +631% |
| Depreciation & amortization | $4.2M | $3.4M | $807K | +23% |
| Share-based compensation | $38.2M | $34.6M | $3.6M | +10% |
| Working capital & other | $12.6M | $7.9M | $4.8M | +61% |
| Operating cash flow | $88.3M | $90.7M | −$2.4M | -3% |
Questions
How much did Duolingo's revenue grow year over year in Q2 2026?
Duolingo's revenue rose $46.2M (+18%) from $252M in Q2 2025 to $298M in Q2 2026.
What drove Duolingo's revenue change in Q2 2026?
Subscription +$47.4M (+22%); IAPs −$2.4M (-23%); Other +$750K (+148%).