American Well (AMWL) Net Margin (2019 - 2026)
American Well (AMWL) posted quarterly Net Margin of 12.8% for Q1 2026, down 323.0% year-over-year from 5.74% in Q1 2025, and up 9063.82% quarter-over-quarter from 0.14% in Q4 2025.
American Well (AMWL) Net Margin (2019 - 2026) Analysis & Trends
American Well's Net Margin history runs 8 years deep, the most recent figure standing at 12.8% for Q1 2026.
- In Q1 2026, Net Margin fell 323.0% year-over-year to 12.8%; the TTM figure through Mar 2026 stood at 2.08% (down 201.0% YoY), while the FY2025 annual figure was 3.46%, changed N/A from the prior year.
- Net Margin for Q1 2026 stood at 12.8%, up from 0.14% in the prior quarter.
- The five-year high for Net Margin was 16.03% in Q1 2025, with the low at 621.64% in Q1 2023.
- The 5-year median for Net Margin is 101.12% (2022), against an average of 119.34%.
- The sharpest annual moves came in 2023 and 2024: Net Margin slumped 51260 bps in 2023, then surged 49980 bps in 2024.
- American Well's Net Margin stood at 76.57% in 2022, then climbed by 9 bps to 70.02% in 2023, then plunged by 74 bps to 121.84% in 2024, then soared by 100 bps to 0.14% in 2025, then jumped by 9064 bps to 12.8% in 2026.
- Business Quant data shows AMWL's Net Margin at 12.8% in Q1 2026, 0.14% in Q4 2025, and 3.55% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 29.55% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 2.18% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 19.57% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -11.87% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 20.25% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -22.10% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 12.78% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 15.53% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -24.57% |
| 10 | American Well | 210.72 Mn | 27.07 Mn | 27.56 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.80% |
| Dec 31, 2025 | -0.14% |
| Sep 30, 2025 | -3.55% |
| Mar 31, 2025 | 16.03% |
| 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 | -76.57% |
| Sep 30, 2022 | -101.12% |
| Jun 30, 2022 | -107.11% |
| Mar 31, 2022 | -109.05% |
| Dec 31, 2021 | -73.01% |
| Sep 30, 2021 | -80.96% |
| Jun 30, 2021 | -62.13% |
| Mar 31, 2021 | -67.69% |
| Dec 31, 2020 | -80.20% |
| Sep 30, 2020 | -102.49% |
| Jun 30, 2020 | -128.01% |