Teladoc Health (TDOC) Gross Margin (2014 - 2026)

Teladoc Health (TDOC) reported Gross Margin of 67.82% for Q1 2026, down 2444.0% on a YoY basis from 2.89% in Q1 2025, and down 26.74% sequentially from 92.58% in Q4 2025.

Teladoc Health (TDOC) Gross Margin (2014 - 2026) Analysis & Trends

Teladoc Health (TDOC) has 13 years of Gross Margin data on file, last reported at 67.82% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin fell 2444.0% year-over-year to 67.82%; the trailing twelve-month figure through Mar 2026 stood at 80.82% (up 1542.0% YoY), and the FY2025 full-year result was 92.31%, up 2155.0% from the prior year.
  • Gross Margin slipped to 67.82% in Q1 2026, from 92.58% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 153.42% in Q4 2023 to a low of 6.48% in Q4 2024.
  • A 5-year average of 80.1% and a median of 71.83% in 2023 frame the typical range for Gross Margin.
  • Across the five-year window, Gross Margin tumbled 14694 bps in 2024 and soared 8610 bps in 2025, its largest moves.
  • Tracing TDOC's Gross Margin over 5 years: stood at 70.38% in 2022, then soared by 118 bps to 153.42% in 2023, then sank by 96 bps to 6.48% in 2024, then surged by 1329 bps to 92.58% in 2025, then retreated by 27 bps to 67.82% in 2026.
  • Business Quant data shows TDOC's Gross Margin at 67.82% in Q1 2026, 92.58% in Q4 2025, and 70.12% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Veeva Systems 31.81 Bn 24.49 Bn 662.02 Mn 74.98%
2 BrightSpring Health Services 14.76 Bn 13.86 Bn 482.22 Mn 13.34%
3 Healthequity 8.36 Bn 8.10 Bn 256.31 Mn 72.27%
4 Hinge Health 5.91 Bn 5.60 Bn 154.23 Mn 84.60%
5 10x Genomics 5.89 Bn 5.35 Bn 106.18 Mn 70.39%
6 MiniMed 4.45 Bn 4.16 Bn 480.00 Mn 57.35%
7 Waystar Holding 4.41 Bn 4.35 Bn 216.84 Mn 69.08%
8 Doximity 3.93 Bn 3.18 Bn 125.97 Mn 86.65%
9 Privia Health 3.10 Bn 2.68 Bn - -
10 Teladoc Health 1.60 Bn 845.24 Mn 416.32 Mn 67.82%

Historic Data

Download Data
DateValue
Mar 31, 2026 67.82%
Dec 31, 2025 92.58%
Sep 30, 2025 70.12%
Jun 30, 2025 92.10%
Mar 31, 2025 92.26%
Dec 31, 2024 6.48%
Sep 30, 2024 92.59%
Jun 30, 2024 70.73%
Mar 31, 2024 69.89%
Dec 31, 2023 153.42%
Sep 30, 2023 71.83%
Jun 30, 2023 70.79%
Mar 31, 2023 69.79%
Dec 31, 2022 70.38%
Sep 30, 2022 91.06%
Jun 30, 2022 90.22%
Mar 31, 2022 89.68%
Dec 31, 2021 89.30%
Sep 30, 2021 88.00%
Jun 30, 2021 87.31%