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

American Well has reported Gross Margin for 8 years, with the latest figure at 52.95% in Q2 2026.

• On a quarterly basis, Gross Margin fell 312.0% year-over-year to 52.95% in Q2 2026; TTM through Jun 2026 was 51.88%, a 291.0% increase from a year earlier, with the FY2025 full-year figure at 53.29%, up 1439.0% from the prior year.
• Gross Margin was 52.95% for Q2 2026 at American Well, up from 50.95% in the prior quarter.
• The five-year high for Gross Margin was 56.07% in Q2 2025, with the low at 30.86% in Q1 2024.
• Average Gross Margin over 5 years is 43.64%, with a median of 42.57% recorded in 2022.
• The sharpest annual moves came in 2023 and 2025: Gross Margin plunged 865 bps in 2023, then jumped 2190 bps in 2025.
• Over 5 years, Gross Margin stood at 42.38% in 2022, then fell by 20 bps to 33.74% in 2023, then soared by 44 bps to 48.44% in 2024, then gained by 6 bps to 51.23% in 2025, then increased by 3 bps to 52.95% in 2026.
• The last three Gross Margin figures came in at 52.95% (Q2 2026), 50.95% (Q1 2026), and 51.23% (Q4 2025), per Business Quant data.