American Well (AMWL) Operating Income (2019 - 2026)

American Well's Operating Income history runs 8 years deep, the most recent figure standing at -$17.4 million for Q1 2026.

• In Q1 2026, Operating Income rose 42.7% year-over-year to -$17.4 million; the TTM figure through Mar 2026 stood at -$6.9 million (up 96.03% YoY), while the FY2025 annual figure was -$19.9 million, up 90.87% from the prior year.
• Operating Income was -$17.4 million for Q1 2026 at American Well, down from $60.3 million in the prior quarter.
• In the past five years, Operating Income ranged from a high of $60.3 million in Q4 2025 to a low of -$397.3 million in Q1 2023.
• Historically, Operating Income has averaged -$71.9 million across 5 years, with a median of -$57.0 million in 2023.
• The sharpest annual moves came in 2023 and 2025: Operating Income sank 463.72% in 2023, then soared 240.96% in 2025.
• A 5-year view of Operating Income shows it stood at -$64.8 million in 2022, then gained by 12.16% to -$57.0 million in 2023, then climbed by 24.93% to -$42.8 million in 2024, then jumped by 240.96% to $60.3 million in 2025, then tumbled by 128.91% to -$17.4 million in 2026.
• The last three Operating Income figures came in at -$17.4 million (Q1 2026), $60.3 million (Q4 2025), and -$29.3 million (Q3 2025), per Business Quant data.