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

American Well's Gross Margin history runs 8 years deep, the most recent figure standing at 50.95% for Q1 2026.

• On a quarterly basis, Gross Margin fell 180.0% year-over-year to 50.95% in Q1 2026; TTM through Mar 2026 was 52.9%, a 863.0% increase from a year earlier, with the FY2025 full-year figure at 53.29%, up 1439.0% from the prior year.
• Gross Margin fell to 50.95% in Q1 2026 per AMWL's latest filing, from 51.23% in the prior quarter.
• Across five years, Gross Margin topped out at 56.07% in Q2 2025 and bottomed at 30.86% in Q1 2024.
• The 5-year median for Gross Margin is 42.38% (2022), against an average of 43.09%.
• Across the five-year window, Gross Margin sank 865 bps in 2023 and surged 2190 bps in 2025, its largest moves.
• Year by year, Gross Margin stood at 42.38% in 2022, then declined by 20 bps to 33.74% in 2023, then surged by 44 bps to 48.44% in 2024, then rose by 6 bps to 51.23% in 2025, then decreased by 1 bps to 50.95% in 2026.
• Per Business Quant, the three latest AMWL Gross Margin figures stand at 50.95% (Q1 2026), 51.23% (Q4 2025), and 52.42% (Q3 2025).