American Well (AMWL) Net Margin (2019 - 2026)
American Well's quarterly Net Margin came in at 12.8% in Q1 2026, down 323.0% year-on-year from 5.74% in Q1 2025, and up 9063.82% quarter-over-quarter from 0.14% in Q4 2025.
American Well has reported Net Margin for 8 years, with the latest figure at 12.8% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 323.0% year-over-year to 12.8%; the trailing twelve-month figure through Mar 2026 stood at 2.08% (down 201.0% YoY), and the FY2025 full-year result 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.
- Average Net Margin over 5 years is 119.34%, with a median of 101.12% recorded in 2022.
- Year-over-year, Net Margin tumbled 51260 bps in 2023 and surged 49980 bps in 2024.
- Tracing AMWL's Net Margin over 5 years: stood at 76.57% in 2022, then increased by 9 bps to 70.02% in 2023, then plunged by 74 bps to 121.84% in 2024, then surged by 100 bps to 0.14% in 2025, then soared by 9064 bps to 12.8% in 2026.
- The last three Net Margin figures came in at 12.8% (Q1 2026), 0.14% (Q4 2025), and 3.55% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 29.21% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 2.06% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 19.57% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 18.66% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 13.15% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 13.80% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -8.93% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 0.61% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 3.68% |
| 10 | American Well | 148.98 Mn | -18.24 Mn | 47.14 Mn | 12.80% |
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 | -64.43% |
| Sep 30, 2021 | -80.96% |
| Jun 30, 2021 | -62.13% |
| Mar 31, 2021 | -67.69% |
| Dec 31, 2020 | -80.20% |
| Sep 30, 2020 | -138.21% |
| Jun 30, 2020 | -128.01% |
| Mar 31, 2020 | -46.36% |
| Dec 31, 2019 | -108.77% |
| Sep 30, 2019 | -69.28% |