Udemy, Inc. (UDMY) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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UDMY Revenue Growth
Revenue Breakdown (FY 2025)
UDMY's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
UDMY Revenue Analysis (2019–2025)
As of May 8, 2026, Udemy, Inc. (UDMY) generated trailing twelve-month (TTM) revenue of $789.8 million, reflecting slight decline in growth of -3.0% year-over-year. The most recent quarter (Q4 2025) recorded $194.0 million in revenue, down 0.9% sequentially.
Looking at the longer-term picture, UDMY's 5-year compound annual growth rate (CAGR) stands at +12.9%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $789.8 million in 2025, representing a new all-time high.
Revenue diversification analysis shows UDMY's business is primarily driven by Breakage (100%). With over half of revenue concentrated in Breakage, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Defensive sector peers including COUR (+9.8% YoY), STRA (+3.0% YoY), and PRDO (+17.7% YoY), UDMY has underperformed the peer group in terms of revenue growth. Compare UDMY vs COUR →
UDMY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| UDMYCurrent | $790M | -3.0% | +12.9% | -0.3% | |
 COUR | $758M | +9.8% | +20.9% | -10.3% | |
 STRA | $1.3B | +3.0% | +4.3% | 15.5% | |
 PRDO | $846M | +17.7% | +4.2% | 23.2% | |
 LOPE | $1.1B | -22.0% | +5.6% | 27.5% | |
 SKIL | $531M | -3.6% | +0.7% | -13.1% |
UDMY Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $789.8M | +0.4% | $518.4M | 65.6% | $-2,578,000 | -0.3% |
| 2024 | $786.6M | +7.9% | $491.9M | 62.5% | $-89,328,000 | -11.4% |
| 2023 | $728.9M | +15.9% | $419.3M | 57.5% | $-121,895,000 | -16.7% |
| 2022 | $629.1M | +22.0% | $353.8M | 56.2% | $-151,190,000 | -24.0% |
| 2021 | $515.7M | +19.9% | $279.6M | 54.2% | $-77,907,000 | -15.1% |
| 2020 | $429.9M | +55.6% | $220.6M | 51.3% | $-73,380,000 | -17.1% |
| 2019 | $276.3M | - | $132.8M | 48.1% | $-68,031,000 | -24.6% |
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Start ComparisonUDMY — Frequently Asked Questions
Quick answers to the most common questions about buying UDMY stock.
Is UDMY's revenue growth accelerating or slowing?
UDMY revenue growth slowed to -3.0%, below the 5-year CAGR of +12.9%. TTM revenue is $790M. The deceleration marks a shift from historical growth rates.
What is UDMY's long-term revenue growth rate?
Udemy, Inc.'s 5-year revenue CAGR of +12.9% reflects the variable expansion pattern. Current YoY growth of -3.0% is near this long-term average.
How is UDMY's revenue distributed by segment?
UDMY reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.