Doximity (DOCS) Operating Margin (2020 - 2026)
Doximity (DOCS) reported Operating Margin of 17.08% for Q1 2026, down 1812.0% year-over-year from 1.0% in Q1 2025, and down 56.04% on a QoQ basis from 38.85% in Q4 2025.
Doximity (DOCS) has 7 years of Operating Margin data on file, last reported at 17.08% in Q1 2026.
- Quarterly Operating Margin fell 1812.0% year-over-year to 17.08% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 33.33% (down 661.0% YoY) and the FY2026 annual result came in at 33.33%, down 661.0% from the prior year.
- Operating Margin retreated to 17.08% in Q1 2026 per DOCS's latest filing, from 38.85% in the prior quarter.
- Across five years, Operating Margin topped out at 47.4% in Q4 2024 and bottomed at 17.08% in Q1 2026.
- The 5-year median for Operating Margin is 35.2% (2025), against an average of 33.7%.
- The widest annual swing landed in 2023, when Operating Margin jumped 989 bps; it then plunged 1812 bps in 2026.
- Tracing DOCS's Operating Margin over 5 years: stood at 33.39% in 2022, then grew by 30 bps to 43.28% in 2023, then climbed by 10 bps to 47.4% in 2024, then slipped by 18 bps to 38.85% in 2025, then sank by 56 bps to 17.08% in 2026.
- Per Business Quant, the three latest DOCS Operating Margin figures stand at 17.08% (Q1 2026), 38.85% (Q4 2025), and 37.79% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 29.41% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 29.03% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 17.59% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 17.08% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 25.64% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -11.30% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 1.23% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 5.44% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | -10.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.08% |
| Dec 31, 2025 | 38.85% |
| Sep 30, 2025 | 37.79% |
| Jun 30, 2025 | 37.36% |
| Mar 31, 2025 | 35.20% |
| Dec 31, 2024 | 47.40% |
| Sep 30, 2024 | 38.84% |
| Jun 30, 2024 | 36.35% |
| Mar 31, 2024 | 35.45% |
| Dec 31, 2023 | 43.28% |
| Sep 30, 2023 | 29.74% |
| Jun 30, 2023 | 27.37% |
| Mar 31, 2023 | 29.60% |
| Dec 31, 2022 | 33.39% |
| Sep 30, 2022 | 31.41% |
| Jun 30, 2022 | 23.92% |
| Mar 31, 2022 | 29.81% |
| Dec 31, 2021 | 36.57% |
| Sep 30, 2021 | 31.44% |
| Jun 30, 2021 | 34.23% |
| Mar 31, 2021 | 34.26% |
| Dec 31, 2020 | 30.55% |
| Sep 30, 2020 | 23.14% |
| Jun 30, 2020 | 5.72% |