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Did Duolingo Beat Earnings?
Duolingo (DUOL) reported Q2 '26 revenue of $298M, up 18.3% year-over-year, with reported EPS of $0.66. That topped the $0.61 analyst estimate by 8.2% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Duolingo’s job postings, web traffic, and employee business outlook. See the full DUOL stock analysis or the earnings calendar for upcoming reports.
DUOL Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $0.61 | $0.66 | Beat +8.2% |
| Q1 '26 | $0.77 | $0.89 | Beat +16.3% |
| Q4 '25 | $0.79 | $0.94 | Beat +19.0% |
| Q3 '25 | $0.72 | $0.95 | Beat +31.9% |
| Q2 '25 | $0.58 | $0.91 | Beat +56.9% |
| Q1 '25 | $0.27 | $0.72 | Beat +166.7% |
Duolingo Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 193M | 210M | 231M | 252M | 272M | 283M | 292M | 298M |
| Gross margin | 72.1% | 71.1% | 70.5% | 71.8% | 71.9% | 72.3% | 72.5% | 72.6% |
| Operating margin | 7.3% | 6.7% | 10.3% | 13.5% | 14.6% | 15.5% | 15.4% | 11.4% |
| Net income | 23M | 14M | 35M | 45M | 292M | 42M | 43M | 33M |
| Net margin | 12.1% | 6.6% | 15.2% | 17.8% | 107.5% | 14.8% | 14.9% | 11.1% |
| EPS | $0.47 | $0.31 | $0.72 | $0.91 | $0.95 | $0.94 | $0.89 | $0.66 |
Duolingo Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Duolingo’s quarterly revenue moved from $193M to $298M. Net margin compressed from 12.1% to 11.1%, against a 72.6% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Duolingo has beaten Wall Street EPS estimates in 7 of its last 8 reported quarters.
When Is Duolingo’s Next Earnings Date?
Duolingo reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the DUOL earnings calendar.
Frequently Asked Questions: Duolingo Earnings
Duolingo's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Duolingo reported Q2 '26 EPS of $0.66 on revenue of $298M (+18.3% YoY). Duolingo beat estimates, reporting $0.66 vs. the $0.61 estimate.
Duolingo reported Q2 '26 revenue of $298M, up 18.3% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the DUOL AI Score.
