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% quarter-over-quarter from 38.85% in Q4 2025.

Doximity (DOCS) Operating Margin (2020 - 2026) Analysis & Trends

Doximity (DOCS) has 7 years of Operating Margin data on file, last reported at 17.08% in Q1 2026.

  • Operating Margin for Q1 2026 came in at 17.08%, down 1812.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 33.33% (down 661.0% YoY), and the FY2026 annual result was 33.33%, down 661.0% from the prior year.
  • Operating Margin fell to 17.08% in Q1 2026 per DOCS's latest filing, from 38.85% in the prior quarter.
  • Over five years, Operating Margin peaked at 47.4% in Q4 2024 and troughed at 17.08% in Q1 2026.
  • A 5-year average of 33.7% and a median of 35.2% in 2025 frame the typical range for Operating Margin.
  • The sharpest annual moves came in 2023 and 2026: Operating Margin soared 989 bps in 2023, then slumped 1812 bps in 2026.
  • A 5-year view of Operating Margin shows it stood at 33.39% in 2022, then rose by 30 bps to 43.28% in 2023, then increased by 10 bps to 47.4% in 2024, then declined by 18 bps to 38.85% in 2025, then tumbled by 56 bps to 17.08% in 2026.
  • Business Quant data shows DOCS's Operating Margin at 17.08% in Q1 2026, 38.85% in Q4 2025, and 37.79% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Veeva Systems 24.83 Bn 17.52 Bn 662.02 Mn 30.93%
2 BrightSpring Health Services 13.57 Bn 12.69 Bn 482.22 Mn 3.36%
3 Healthequity 7.20 Bn 6.93 Bn 256.31 Mn 29.03%
4 Hinge Health 5.42 Bn 5.11 Bn 154.23 Mn 17.59%
5 10x Genomics 4.46 Bn 3.92 Bn 106.18 Mn -11.30%
6 Doximity 3.81 Bn 3.06 Bn 125.97 Mn 17.08%
7 Waystar Holding 3.52 Bn 3.36 Bn 268.04 Mn 25.64%
8 Privia Health 2.94 Bn 2.57 Bn 595.71 Mn 1.23%
9 Omnicell 1.76 Bn 1.59 Bn 140.36 Mn 5.44%
10 Teladoc Health 1.45 Bn 696.57 Mn 562.57 Mn -10.06%

Historic Data

Download Data
DateValue
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%