American Well (AMWL) EBITDA Margin (2019 - 2026)
American Well (AMWL) posted EBITDA Margin of 18.36% for Q2 2026, up 42.17% on a QoQ basis from 31.75% in Q1 2026, and up 1038.0% year-over-year from 1.61% in Q2 2025.
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American Well (AMWL) EBITDA Margin (2019 - 2026) Analysis & Trends
American Well has reported EBITDA Margin for 8 years, with the latest figure at 18.36% in Q2 2026.
- On a quarterly basis, EBITDA Margin rose 1038.0% year-over-year to 18.36% in Q2 2026; TTM through Jun 2026 was 37.28%, a 1495.0% increase from a year earlier, with the FY2025 full-year figure at 42.22%, up 4330.0% from the prior year.
- EBITDA Margin was 18.36% for Q2 2026 at American Well, up from 31.75% in the prior quarter.
- The five-year high for EBITDA Margin was 18.36% in Q2 2026, with the low at 620.81% in Q1 2023.
- Average EBITDA Margin over 5 years is 114.19%, with a median of 81.21% recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: EBITDA Margin slumped 51108 bps in 2023, then soared 49475 bps in 2024.
- Over 5 years, EBITDA Margin stood at 81.84% in 2022, then climbed by 2 bps to 80.58% in 2023, then advanced by 25 bps to 60.21% in 2024, then advanced by 24 bps to 45.48% in 2025, then surged by 60 bps to 18.36% in 2026.
- The last three EBITDA Margin figures came in at 18.36% (Q2 2026), 31.75% (Q1 2026), and 45.48% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 29.64% |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 25.98% |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 21.48% |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 21.52% |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 11.89% |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | -70.55% |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | -0.21% |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 11.79% |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 9.94% |
| 10 | American Well | 219.35 Mn | 35.70 Mn | 27.56 Mn | -18.36% |
Historic Data
Download Data
Historic 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% |