American Well (AMWL) EBT Margin (2019 - 2026)
American Well's (AMWL) quarterly EBT Margin came in at 18.37% in Q1 2026, up 708.0% year-on-year from 2.27% in Q1 2025, and up 60.3% quarter-over-quarter from 46.28% in Q4 2025.
American Well (AMWL) EBT Margin (2019 - 2026) Analysis & Trends
American Well's EBT Margin history runs 8 years deep, the most recent figure standing at 18.37% for Q1 2026.
- On a quarterly basis, EBT Margin rose 708.0% year-over-year to 18.37% in Q1 2026; TTM through Mar 2026 was 36.19%, a 2210.0% increase from a year earlier, with the FY2025 full-year figure at 37.24%, up 4406.0% from the prior year.
- EBT Margin climbed to 18.37% in Q1 2026 per AMWL's latest filing, from 46.28% in the prior quarter.
- Across five years, EBT Margin topped out at 18.37% in Q1 2026 and bottomed at 619.34% in Q1 2023.
- The 5-year median for EBT Margin is 76.77% (2022), against an average of 114.72%.
- Across the five-year window, EBT Margin sank 50977 bps in 2023 and soared 49964 bps in 2024, its largest moves.
- Year by year, EBT Margin stood at 76.77% in 2022, then advanced by 10 bps to 69.02% in 2023, then advanced by 14 bps to 59.62% in 2024, then grew by 22 bps to 46.28% in 2025, then soared by 60 bps to 18.37% in 2026.
- Per Business Quant, the three latest AMWL EBT Margin figures stand at 18.37% (Q1 2026), 46.28% (Q4 2025), and 54.53% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.52 Bn | 24.20 Bn | 662.02 Mn | 39.36% |
| 2 | BrightSpring Health Services | 14.77 Bn | 13.87 Bn | 482.22 Mn | 2.29% |
| 3 | Healthequity | 8.22 Bn | 7.95 Bn | 256.31 Mn | 26.06% |
| 4 | 10x Genomics | 5.97 Bn | 5.43 Bn | 106.18 Mn | -8.52% |
| 5 | Hinge Health | 5.89 Bn | 5.57 Bn | 154.23 Mn | 19.72% |
| 6 | MiniMed | 4.49 Bn | 4.19 Bn | 480.00 Mn | -10.99% |
| 7 | Waystar Holding | 4.41 Bn | 4.35 Bn | 216.84 Mn | 19.06% |
| 8 | Doximity | 3.90 Bn | 3.15 Bn | 125.97 Mn | 22.10% |
| 9 | Privia Health | 3.19 Bn | 2.77 Bn | - | 1.54% |
| 10 | American Well | 187.46 Mn | 7.46 Mn | 27.96 Mn | -18.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -18.37% |
| Dec 31, 2025 | -46.28% |
| Sep 30, 2025 | -54.53% |
| Jun 30, 2025 | -27.55% |
| Mar 31, 2025 | -25.45% |
| Dec 31, 2024 | -59.62% |
| Sep 30, 2024 | -71.24% |
| Jun 30, 2024 | -79.17% |
| Mar 31, 2024 | -119.70% |
| Dec 31, 2023 | -69.02% |
| Sep 30, 2023 | -218.63% |
| Jun 30, 2023 | -147.60% |
| Mar 31, 2023 | -619.34% |
| Dec 31, 2022 | -76.77% |
| Sep 30, 2022 | -100.98% |
| Jun 30, 2022 | -106.39% |
| Mar 31, 2022 | -109.56% |
| Dec 31, 2021 | -64.89% |
| Sep 30, 2021 | -89.73% |
| Jun 30, 2021 | -61.96% |