Seasonality
DUOL seasonality — Duolingo
Over the last 6 years, DUOL's strongest month on average has been September (+13.2%) and its weakest October (-6.9%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | -0.80% | -5.75% | 40% | +34.2% | -23.6% | 5 |
| Feb | -4.79% | -13.72% | 20% | +33.6% | -24.7% | 5 |
| Mar | +11.33% | -0.49% | 40% | +57.0% | -7.7% | 5 |
| Apr | +5.17% | +2.34% | 60% | +25.4% | -9.1% | 5 |
| May | +5.18% | +1.14% | 60% | +33.4% | -15.2% | 5 |
| Jun | -1.70% | +3.29% | 60% | +9.0% | -21.1% | 5 |
| Jul | -0.50% | +4.80% | 60% | +17.2% | -17.6% | 5 |
| Aug | +1.55% | -1.35% | 50% | +23.6% | -14.1% | 6 |
| Sep | +13.18% | +10.38% | 83% | +32.7% | -4.0% | 6 |
| Oct | -6.87% | -9.77% | 33% | +4.4% | -15.9% | 6 |
| Nov | -3.29% | -14.87% | 40% | +45.4% | -36.6% | 5 |
| Dec | -1.99% | -3.70% | 40% | +6.9% | -8.3% | 5 |
Monthly returns heat map — DUOL
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -23.6 | -24.7 | -2.4 | 11.7 | 1.1 | 3.3 | 17.2 | 10.1 | -4.0 | -7.6 | 21.9 | -8.6% | |
| 2025 | 12.3 | -14.3 | -0.5 | 25.4 | 33.4 | -21.1 | -15.5 | -14.1 | 8.1 | -15.9 | -29.3 | -8.3 | -45.9% |
| 2024 | -21.1 | 33.6 | -7.7 | 2.3 | -15.2 | 9.0 | -17.6 | 23.6 | 32.7 | 3.9 | 18.9 | -6.9 | +42.9% |
| 2023 | 34.2 | -4.9 | 57.0 | -4.5 | 9.8 | -4.4 | 8.6 | -5.2 | 12.7 | -11.9 | 45.4 | 6.9 | +218.9% |
| 2022 | -5.8 | -13.7 | 10.2 | -9.1 | -3.3 | 4.7 | 4.8 | 2.5 | 1.3 | -14.1 | -14.9 | 2.1 | -33.0% |
| 2021 | -7.6 | 28.4 | 4.4 | -36.6 | -3.7 |