American Well (AMWL) Net Margin (2019 - 2026)
American Well (AMWL) posted Net Margin of 18.49% for Q2 2026, down 210.0% on a QoQ basis from 5.97% in Q1 2026, and up 804.0% year-over-year from 2.05% in Q2 2025.
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American Well (AMWL) Net Margin (2019 - 2026) Analysis & Trends
American Well has reported Net Margin for 8 years, with the latest figure at 18.49% in Q2 2026.
- On a quarterly basis, Net Margin rose 804.0% year-over-year to 18.49% in Q2 2026; TTM through Jun 2026 was 23.6%, a 1833.0% increase from a year earlier, with the FY2025 full-year figure at 25.81%, up 5666.0% from the prior year.
- Net Margin was 18.49% for Q2 2026 at American Well, down from 5.97% in the prior quarter.
- The five-year high for Net Margin was 5.97% in Q1 2026, with the low at 621.64% in Q1 2023.
- Average Net Margin over 5 years is 106.84%, with a median of 75.16% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Net Margin slumped 51260 bps in 2023, then jumped 49980 bps in 2024.
- Over 5 years, Net Margin stood at 80.63% in 2022, then advanced by 13 bps to 70.02% in 2023, then increased by 11 bps to 62.12% in 2024, then surged by 86 bps to 8.62% in 2025, then sank by 115 bps to 18.49% in 2026.
- The last three Net Margin figures came in at 18.49% (Q2 2026), 5.97% (Q1 2026), and 8.62% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 29.47% |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 12.78% |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 15.53% |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 7.27% |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 6.37% |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 10.15% |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | -59.26% |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 4.26% |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 7.96% |
| 10 | American Well | 219.35 Mn | 35.70 Mn | 27.56 Mn | -18.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -18.49% |
| Mar 31, 2026 | -5.97% |
| Dec 31, 2025 | -8.62% |
| Sep 30, 2025 | -60.25% |
| Jun 30, 2025 | -26.53% |
| Mar 31, 2025 | -10.27% |
| Dec 31, 2024 | -62.12% |
| Sep 30, 2024 | -70.99% |
| Jun 30, 2024 | -79.32% |
| Mar 31, 2024 | -121.84% |
| Dec 31, 2023 | -70.02% |
| Sep 30, 2023 | -220.45% |
| Jun 30, 2023 | -148.75% |
| Mar 31, 2023 | -621.64% |
| Dec 31, 2022 | -80.63% |
| Sep 30, 2022 | -101.12% |
| Jun 30, 2022 | -107.11% |
| Mar 31, 2022 | -109.05% |
| Dec 31, 2021 | -64.43% |
| Sep 30, 2021 | -80.96% |