American Well (AMWL) Gross Margin (2019 - 2026)
American Well (AMWL) reported Gross Margin of 52.95% for Q2 2026, down 3.12 percentage points from 56.07% a year earlier but up 2.00 percentage points from the prior quarter.
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Analysis
American Well (AMWL) Gross Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, American Well's Gross Margin came in at 51.88%, up 2.91 percentage points year-over-year; for FY2025, it came in at 53.29%, up 14.39 percentage points from FY2024.
- Gross Margin has a five-year change of +17.21 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 38.90% in FY2024 (+2.32 pp), 36.58% in FY2023 (-5.55 pp), 42.13% in FY2022 (+0.86 pp) and 41.27% in FY2021 (+5.19 pp).
- Five-year quarterly Gross Margin spans a low of 30.86% in Q1 2024 and a high of 56.07% in Q2 2025.
- Year over year, Gross Margin gained in six of the last eight quarters, with an average year-over-year change of +8.86 percentage points.
- The high point for year-over-year Gross Margin in five years was Q1 2025 (a gain of 21.90 percentage points); the low point was Q4 2023 (a drop of 8.65 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 50.95% (Q1 2026), 51.23% (Q4 2025) and 52.42% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 75.00% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 77.21% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 27.04% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 81.74% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 69.43% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 72.62% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 56.53% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 78.70% |
| 10 | American Well | 228.49 Mn | -516.79 Mn | 27.56 Mn | 52.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 52.95% |
| Mar 31, 2026 | 50.95% |
| Dec 31, 2025 | 51.23% |
| Sep 30, 2025 | 52.42% |
| Jun 30, 2025 | 56.07% |
| Mar 31, 2025 | 52.76% |
| Dec 31, 2024 | 48.44% |
| Sep 30, 2024 | 37.18% |
| Jun 30, 2024 | 37.42% |
| Mar 31, 2024 | 30.86% |
| Dec 31, 2023 | 33.74% |
| Sep 30, 2023 | 34.66% |
| Jun 30, 2023 | 38.76% |
| Mar 31, 2023 | 39.45% |
| Dec 31, 2022 | 42.38% |
| Sep 30, 2022 | 40.03% |
| Jun 30, 2022 | 43.43% |
| Mar 31, 2022 | 42.76% |
| Dec 31, 2021 | 39.94% |
| Sep 30, 2021 | 43.45% |
API Access
American Well Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=AMWL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "AMWL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=AMWL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();