Doximity (DOCS) Operating Margin (2020 - 2026)
Doximity's (DOCS) quarterly Operating Margin came in at 17.08% in Q1 2026, down 1812.0% year-on-year from 1.0% in Q1 2025, and down 56.04% on a QoQ basis 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.
- On a quarterly basis, Operating Margin fell 1812.0% year-over-year to 17.08% in Q1 2026; TTM through Mar 2026 was 33.33%, a 661.0% decrease from a year earlier, with the FY2026 full-year figure at 33.33%, down 661.0% from the prior year.
- Operating Margin for Q1 2026 stood at 17.08%, down from 38.85% in the prior quarter.
- Over the last five years, Operating Margin for DOCS reached as high as 47.4% in Q4 2024 and fell as low as 17.08% in Q1 2026.
- Historically, Operating Margin has averaged 33.7% across 5 years, with a median of 35.2% in 2025.
- Across the five-year window, Operating Margin jumped 989 bps in 2023 and plunged 1812 bps in 2026, its largest moves.
- Year by year, Operating Margin stood at 33.39% in 2022, then climbed by 30 bps to 43.28% in 2023, then advanced by 10 bps to 47.4% in 2024, then decreased by 18 bps to 38.85% in 2025, then plunged by 56 bps to 17.08% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 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 | 29.34 Bn | 22.03 Bn | 662.02 Mn | 30.93% |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 29.03% |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | -11.30% |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 17.59% |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | -11.11% |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 25.64% |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 17.08% |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 1.23% |
| 10 | Omnicell | 1.81 Bn | 1.57 Bn | 140.36 Mn | 5.44% |
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% |