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% quarter-over-quarter 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.
- Gross Margin for Q1 2026 came in at 86.65%, down 289.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 89.09% (down 111.0% YoY), and the FY2026 annual result was 89.09%, down 111.0% from the prior year.
- Gross Margin fell to 86.65% in Q1 2026 per DOCS's latest filing, from 89.89% in the prior quarter.
- Over five years, Gross Margin peaked at 91.59% in Q4 2024 and troughed at 85.57% in Q2 2022.
- A 5-year average of 88.79% and a median of 89.18% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 344 bps in 2022, then soared 272 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 88.26% in 2022, then rose by 3 bps to 90.99% in 2023, then increased by 1 bps to 91.59% in 2024, then fell by 2 bps to 89.89% in 2025, then slipped by 4 bps to 86.65% in 2026.
- Business Quant data shows DOCS's Gross Margin at 86.65% in Q1 2026, 89.89% in Q4 2025, and 90.25% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 70.39% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 86.65% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 85.40% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 45.30% |
| 10 | Teladoc Health | 1.45 Bn | 696.57 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% |