Growth Metrics

American Well (AMWL) EBITDA Margin (2019 - 2025)

American Well has reported EBITDA Margin over the past 7 years, most recently at 45.48% for Q4 2025.

  • Quarterly results put EBITDA Margin at 45.48% for Q4 2025, up 1474.0% from a year ago — trailing twelve months through Dec 2025 was 42.22% (up 4330.0% YoY), and the annual figure for FY2025 was 42.22%, up 4330.0%.
  • EBITDA Margin for Q4 2025 was 45.48% at American Well, up from 52.11% in the prior quarter.
  • Over the last five years, EBITDA Margin for AMWL hit a ceiling of 28.74% in Q2 2025 and a floor of 620.81% in Q1 2023.
  • Median EBITDA Margin over the past 5 years was 81.21% (2022), compared with a mean of 116.58%.
  • Biggest five-year swings in EBITDA Margin: crashed -50489bps in 2023 and later skyrocketed 49475bps in 2024.
  • American Well's EBITDA Margin stood at 71.51% in 2021, then decreased by -14bps to 81.84% in 2022, then rose by 2bps to 80.58% in 2023, then increased by 25bps to 60.21% in 2024, then increased by 24bps to 45.48% in 2025.
  • The last three reported values for EBITDA Margin were 45.48% (Q4 2025), 52.11% (Q3 2025), and 28.74% (Q2 2025) per Business Quant data.