Doximity (DOCS) Gross Margin (2020 - 2026)
Doximity's (DOCS) quarterly Gross Margin came in at 86.65% in Q1 2026, down 289.0% year-on-year from 45.85% in Q1 2025, and down 3.61% on a QoQ basis from 89.89% in Q4 2025.
Doximity (DOCS) Gross Margin (2020 - 2026) Analysis & Trends
Doximity (DOCS) has 7 years of Gross Margin data on file, last reported at 86.65% in Q1 2026.
- On a quarterly basis, Gross Margin fell 289.0% year-over-year to 86.65% in Q1 2026; TTM through Mar 2026 was 89.09%, a 111.0% decrease from a year earlier, with the FY2026 full-year figure at 89.09%, down 111.0% from the prior year.
- Gross Margin for Q1 2026 stood at 86.65%, down from 89.89% in the prior quarter.
- Over the last five years, Gross Margin for DOCS reached as high as 91.59% in Q4 2024 and fell as low as 85.57% in Q2 2022.
- Historically, Gross Margin has averaged 88.79% across 5 years, with a median of 89.18% in 2025.
- Across the five-year window, Gross Margin plunged 344 bps in 2022 and jumped 272 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 88.26% in 2022, then climbed by 3 bps to 90.99% in 2023, then advanced by 1 bps to 91.59% in 2024, then slipped by 2 bps to 89.89% in 2025, then fell by 4 bps to 86.65% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 86.65% in Q1 2026, 89.89% in Q4 2025, and 90.25% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 32.20 Bn | 24.89 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 14.58 Bn | 13.68 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 8.29 Bn | 8.03 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.97 Bn | 5.65 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 5.91 Bn | 5.37 Bn | 106.18 Mn | 70.39% |
| 6 | MiniMed | 4.52 Bn | 4.22 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.48 Bn | 4.42 Bn | 216.84 Mn | 69.08% |
| 8 | Doximity | 3.98 Bn | 3.23 Bn | 125.97 Mn | 86.65% |
| 9 | Privia Health | 3.14 Bn | 2.72 Bn | - | - |
| 10 | Omnicell | 1.88 Bn | 1.64 Bn | 140.36 Mn | 45.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 86.65% |
| Dec 31, 2025 | 89.89% |
| Sep 30, 2025 | 90.25% |
| Jun 30, 2025 | 89.18% |
| Mar 31, 2025 | 89.54% |
| Dec 31, 2024 | 91.59% |
| Sep 30, 2024 | 90.01% |
| Jun 30, 2024 | 89.30% |
| Mar 31, 2024 | 89.36% |
| Dec 31, 2023 | 90.99% |
| Sep 30, 2023 | 88.77% |
| Jun 30, 2023 | 87.87% |
| Mar 31, 2023 | 87.67% |
| Dec 31, 2022 | 88.26% |
| Sep 30, 2022 | 87.07% |
| Jun 30, 2022 | 85.57% |
| Mar 31, 2022 | 87.44% |
| Dec 31, 2021 | 88.67% |
| Sep 30, 2021 | 88.72% |
| Jun 30, 2021 | 89.01% |