Youdao, Inc. (DAO) Revenue History
Annual and quarterly revenue from 2017 to 2025
Compound Annual Growth Rate (CAGR)
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DAO Revenue Growth
Revenue Breakdown (FY 2024)
DAO's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
DAO Revenue Analysis (2017–2025)
As of May 8, 2026, Youdao, Inc. (DAO) generated trailing twelve-month (TTM) revenue of $5.89 billion, reflecting strong growth of +15.0% year-over-year. The most recent quarter (Q4 2025) recorded $1.56 billion in revenue, down 3.9% sequentially.
Looking at the longer-term picture, DAO's 5-year compound annual growth rate (CAGR) stands at +19.9%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $5.91 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows DAO's business is primarily driven by Learning Services (33%), Tutoring Services (28%), and Online Marketing Services (24%).
When compared to Consumer Defensive sector peers including TAL (+44.4% YoY), EDU (+7.3% YoY), and GOTU (+50.2% YoY), DAO has underperformed the peer group in terms of revenue growth. Compare DAO vs TAL →
DAO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DAOCurrent | $5.9B | +15.0% | +19.9% | 3.7% | |
 TAL | $2.3B | +44.4% | -7.2% | -0.3% | |
 EDU | $4.9B | +7.3% | +6.5% | 8.7% | |
 GOTU | $4.6B | +50.2% | +17.0% | -26.0% | |
 DUOL | $1.0B | +35.5% | +45.0% | 13.1% | |
 CHGG | $377M | -43.5% | -10.2% | -16.8% |
DAO Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.91B | +3.6% | $2.62B | 44.3% | $221.3M | 3.7% |
| 2024 | $5.71B | +5.9% | $2.79B | 48.9% | $150.9M | 2.6% |
| 2023 | $5.39B | +5.6% | $2.77B | 51.4% | $-466,262,997 | -8.7% |
| 2022 | $5.10B | +28.7% | $2.63B | 51.6% | $-788,286,292 | -15.5% |
| 2021 | $3.96B | +65.9% | $1.96B | 49.5% | $-874,993,084 | -22.1% |
| 2020 | $2.39B | +83.6% | $1.05B | 43.8% | $-804,977,019 | -33.7% |
| 2019 | $1.30B | +71.2% | $369.6M | 28.4% | $-599,295,688 | -46.1% |
| 2018 | $760.1M | +71.1% | $224.9M | 29.6% | $-227,684,716 | -30.0% |
| 2017 | $444.3M | - | $157.9M | 35.5% | $-126,770,283 | -28.5% |
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Start ComparisonDAO — Frequently Asked Questions
Quick answers to the most common questions about buying DAO stock.
Is DAO's revenue growth accelerating or slowing?
DAO maintains +15.0% revenue growth, in line with its 5-year CAGR of +19.9%. TTM revenue stands at $5.9B. Growth rate remains consistent with historical average.
What is DAO's long-term revenue growth rate?
Youdao, Inc.'s 5-year revenue CAGR of +19.9% reflects the sustained expansion pattern. Current YoY growth of +15.0% is near this long-term average.
How is DAO's revenue distributed by segment?
DAO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2025 are available for download. Segment mix reveals concentration and diversification trends.