Doximity (DOCS) Gross Margin (2020 - 2026)
Doximity's (DOCS) quarterly Gross Margin came in at 84.87% in Q2 2026, down 430.0% year-over-year from 25.72% in Q2 2025, and down 2.05% quarter-over-quarter from 86.65% in Q1 2026.
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Doximity (DOCS) Gross Margin (2020 - 2026) Analysis & Trends
Doximity (DOCS) has reported Gross Margin for 7 consecutive years, with 84.87% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 430.0% year-over-year to 84.87% in Q2 2026; TTM through Jun 2026 was 88.07%, a 208.0% decrease from a year earlier, with the FY2026 full-year figure at 89.09%, down 111.0% from the prior year.
- Gross Margin was 84.87% for Q2 2026 at Doximity, down from 86.65% in the prior quarter.
- Over five years, Gross Margin peaked at 91.59% in Q4 2024 and troughed at 84.87% in Q2 2026.
- A 5-year average of 88.57% and a median of 88.97% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin surged 272 bps in 2023 and sank 430 bps in 2026, its largest moves.
- Over 5 years, Gross Margin stood at 88.26% in 2022, then increased by 3 bps to 90.99% in 2023, then grew by 1 bps to 91.59% in 2024, then declined by 2 bps to 89.89% in 2025, then fell by 6 bps to 84.87% in 2026.
- The last three Gross Margin figures came in at 84.87% (Q2 2026), 86.65% (Q1 2026), and 89.89% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 75.00% |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 69.44% |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 84.87% |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 73.67% |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 78.61% |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 55.07% |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 62.34% |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 89.52% |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 65.35% |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 85.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 84.87% |
| 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% |