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

Teladoc Health's (TDOC) quarterly Gross Margin came in at 91.65% in Q1 2026, up 2292.0% year-on-year from 3.83% in Q1 2025, and up 32.21% quarter-over-quarter from 69.32% in Q4 2025.

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

Teladoc Health has disclosed Gross Margin across 13 years of filings, most recently posting 91.65% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 91.65%, up 2292.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 75.1% (up 2068.0% YoY), and the FY2025 annual result was 69.5%, down 126.0% from the prior year.
  • Gross Margin came in at 91.65% for Q1 2026 at Teladoc Health, up from 69.32% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 151.43% in Q4 2022 to a low of 6.48% in Q4 2024.
  • The 5-year median for Gross Margin is 71.94% (2024), against an average of 76.14%.
  • Across the five-year window, Gross Margin soared 13424 bps in 2022 and plunged 14222 bps in 2023, its largest moves.
  • Teladoc Health's Gross Margin stood at 151.43% in 2022, then sank by 94 bps to 9.21% in 2023, then fell by 30 bps to 6.48% in 2024, then soared by 970 bps to 69.32% in 2025, then jumped by 32 bps to 91.65% in 2026.
  • The last three Gross Margin figures came in at 91.65% (Q1 2026), 69.32% (Q4 2025), and 70.12% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Veeva Systems 24.83 Bn 17.52 Bn 662.02 Mn 74.98%
2 BrightSpring Health Services 13.57 Bn 12.69 Bn 482.22 Mn 13.34%
3 Healthequity 7.20 Bn 6.93 Bn 256.31 Mn 72.27%
4 Hinge Health 5.42 Bn 5.11 Bn 154.23 Mn 84.60%
5 10x Genomics 4.46 Bn 3.92 Bn 106.18 Mn 70.39%
6 Doximity 3.81 Bn 3.06 Bn 125.97 Mn 86.65%
7 Waystar Holding 3.52 Bn 3.36 Bn 268.04 Mn 85.40%
8 Privia Health 2.94 Bn 2.57 Bn 595.71 Mn 98.65%
9 Omnicell 1.76 Bn 1.59 Bn 140.36 Mn 45.30%
10 Teladoc Health 1.45 Bn 696.57 Mn 562.57 Mn 91.65%

Historic Data

Download Data
DateValue
Mar 31, 2026 91.65%
Dec 31, 2025 69.32%
Sep 30, 2025 70.12%
Jun 30, 2025 69.85%
Mar 31, 2025 68.73%
Dec 31, 2024 6.48%
Sep 30, 2024 71.94%
Jun 30, 2024 70.73%
Mar 31, 2024 91.59%
Dec 31, 2023 9.21%
Sep 30, 2023 92.08%
Jun 30, 2023 91.79%
Mar 31, 2023 91.34%
Dec 31, 2022 151.43%
Sep 30, 2022 91.06%
Jun 30, 2022 90.22%
Mar 31, 2022 66.92%
Dec 31, 2021 17.18%
Sep 30, 2021 67.60%
Jun 30, 2021 87.31%