American Well (AMWL) EBITDA Margin (2019 - 2026)
American Well (AMWL) posted quarterly EBITDA Margin of 31.75% for Q1 2026, up 1376.0% year-over-year from 2.15% in Q1 2025, and up 30.19% quarter-over-quarter from 45.48% in Q4 2025.
American Well (AMWL) EBITDA Margin (2019 - 2026) Analysis & Trends
American Well's EBITDA Margin history runs 8 years deep, the most recent figure standing at 31.75% for Q1 2026.
- In Q1 2026, EBITDA Margin rose 1376.0% year-over-year to 31.75%; the TTM figure through Mar 2026 stood at 38.88% (up 2720.0% YoY), while the FY2025 annual figure was 42.22%, up 4330.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 31.75%, up from 45.48% in the prior quarter.
- The five-year high for EBITDA Margin was 28.74% in Q2 2025, with the low at 620.81% in Q1 2023.
- The 5-year median for EBITDA Margin is 81.84% (2022), against an average of 119.83%.
- The sharpest annual moves came in 2023 and 2024: EBITDA Margin slumped 51108 bps in 2023, then jumped 49475 bps in 2024.
- American Well's EBITDA Margin stood at 81.84% in 2022, then gained by 2 bps to 80.58% in 2023, then rose by 25 bps to 60.21% in 2024, then rose by 24 bps to 45.48% in 2025, then jumped by 30 bps to 31.75% in 2026.
- Business Quant data shows AMWL's EBITDA Margin at 31.75% in Q1 2026, 45.48% in Q4 2025, and 52.11% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 30.93% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 3.37% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 29.03% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -12.95% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 19.00% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -11.11% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 23.79% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 21.48% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -27.93% |
| 10 | American Well | 210.72 Mn | 27.07 Mn | 27.56 Mn | -18.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -18.36% |
| Mar 31, 2026 | -31.75% |
| Dec 31, 2025 | -45.48% |
| Sep 30, 2025 | -52.11% |
| Jun 30, 2025 | -28.74% |
| Mar 31, 2025 | -45.50% |
| Dec 31, 2024 | -60.21% |
| Sep 30, 2024 | -77.60% |
| Jun 30, 2024 | -83.41% |
| Mar 31, 2024 | -126.06% |
| Dec 31, 2023 | -80.58% |
| Sep 30, 2023 | -231.52% |
| Jun 30, 2023 | -151.34% |
| Mar 31, 2023 | -620.81% |
| Dec 31, 2022 | -81.84% |
| Sep 30, 2022 | -102.77% |
| Jun 30, 2022 | -107.58% |
| Mar 31, 2022 | -109.73% |
| Dec 31, 2021 | -65.19% |
| Sep 30, 2021 | -89.11% |