Growth Metrics

American Well (AMWL) EBT Margin (2019 - 2026)

American Well has reported EBT Margin over the past 7 years, most recently at 46.28% for Q4 2025.

  • For Q4 2025, EBT Margin rose 1333.0% year-over-year to 46.28%; the TTM value through Dec 2025 reached 37.24%, up 4406.0%, while the annual FY2025 figure was 37.24%, 4406.0% up from the prior year.
  • EBT Margin for Q4 2025 was 46.28% at American Well, up from 54.53% in the prior quarter.
  • Over five years, EBT Margin peaked at 25.45% in Q1 2025 and troughed at 619.34% in Q1 2023.
  • A 5-year average of 110.78% and a median of 74.01% in 2022 define the central range for EBT Margin.
  • Biggest five-year swings in EBT Margin: tumbled -50977bps in 2023 and later skyrocketed 49964bps in 2024.
  • Year by year, EBT Margin stood at 64.89% in 2021, then decreased by -18bps to 76.77% in 2022, then grew by 10bps to 69.02% in 2023, then grew by 14bps to 59.62% in 2024, then rose by 22bps to 46.28% in 2025.
  • Business Quant data shows EBT Margin for AMWL at 46.28% in Q4 2025, 54.53% in Q3 2025, and 27.55% in Q2 2025.