Doximity (DOCS) Gross Margin (2020 - 2026)
Doximity (DOCS) reported Gross Margin of 86.65% for Q1 2026, down 289.0% year-over-year from 45.85% in Q1 2025, and down 3.61% on a QoQ basis from 89.89% in Q4 2025.
Doximity (DOCS) has 7 years of Gross Margin data on file, last reported at 86.65% in Q1 2026.
- Quarterly Gross Margin fell 289.0% year-over-year to 86.65% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 89.09% (down 111.0% YoY) and the FY2026 annual result came in at 89.09%, down 111.0% from the prior year.
- Gross Margin retreated to 86.65% in Q1 2026 per DOCS's latest filing, from 89.89% in the prior quarter.
- Across five years, Gross Margin topped out at 91.59% in Q4 2024 and bottomed at 85.57% in Q2 2022.
- The 5-year median for Gross Margin is 89.18% (2025), against an average of 88.79%.
- The widest annual swing landed in 2022, when Gross Margin plunged 344 bps; it then jumped 272 bps in 2023.
- Tracing DOCS's Gross Margin over 5 years: stood at 88.26% in 2022, then grew by 3 bps to 90.99% in 2023, then climbed by 1 bps to 91.59% in 2024, then dropped by 2 bps to 89.89% in 2025, then retreated by 4 bps to 86.65% in 2026.
- Per Business Quant, the three latest DOCS Gross Margin figures stand at 86.65% (Q1 2026), 89.89% (Q4 2025), and 90.25% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 74.46% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 84.60% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 86.65% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 85.40% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 70.39% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 45.30% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | 91.65% |
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% |
| Mar 31, 2021 | 88.01% |
| Dec 31, 2020 | 86.59% |
| Sep 30, 2020 | 83.47% |
| Jun 30, 2020 | 78.36% |