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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Doximity (DOCS) Operating Margin (2020 - 2025)

Doximity (DOCS) has disclosed Operating Margin for 6 consecutive years, with 38.85% as the latest value for Q4 2025.

  • On a quarterly basis, Operating Margin fell 855.0% to 38.85% in Q4 2025 year-over-year; TTM through Dec 2025 was 37.44%, a 273.0% decrease, with the full-year FY2025 number at 39.94%, up 547.0% from a year prior.
  • Operating Margin was 38.85% for Q4 2025 at Doximity, up from 37.79% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 47.4% in Q4 2024 to a low of 23.92% in Q2 2022.
  • A 5-year average of 34.61% and a median of 34.73% in 2025 define the central range for Operating Margin.
  • Peak YoY movement for Operating Margin: surged 2851bps in 2021, then crashed -1031bps in 2022.
  • Doximity's Operating Margin stood at 36.57% in 2021, then decreased by -9bps to 33.39% in 2022, then grew by 30bps to 43.28% in 2023, then rose by 10bps to 47.4% in 2024, then fell by -18bps to 38.85% in 2025.
  • Per Business Quant, the three most recent readings for DOCS's Operating Margin are 38.85% (Q4 2025), 37.79% (Q3 2025), and 37.36% (Q2 2025).