Teladoc Health (TDOC) Gross Margin (2014 - 2026)
Teladoc Health (TDOC) recorded Gross Margin of 68.56% in Q2 2026, down 1.29 percentage points from 69.85% a year earlier but up 0.74 percentage points from the prior quarter.
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Analysis
Teladoc Health (TDOC) Gross Margin (2014 - 2026) Analysis & Trends
On a TTM basis, Teladoc Health's Gross Margin came in at 68.97% as of Jun 30, 2026, down 1.30 percentage points year-over-year; for FY2025, it came in at 69.50%, down 1.26 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +5.23 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 70.76% in FY2024 (-0.03 pp), 70.80% in FY2023 (+1.71 pp), 69.09% in FY2022 (+1.08 pp) and 68.01% in FY2021 (+3.74 pp).
- Quarterly Gross Margin has ranged from 66.92% in Q1 2022 to 71.94% in Q3 2024 over the past five years.
- On a year-over-year basis, Gross Margin has declined for seven consecutive quarters, with an average year-over-year change of -0.92 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 3.86 percentage points in Q3 2021, against a drop of 1.82 percentage points in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 67.82% (Q1 2026), 69.32% (Q4 2025) and 70.12% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 64.46% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 33.75% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 29.80% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 65.39% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | - |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 64.45% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 32.70% |
| 10 | Teladoc Health | 1.07 Bn | -1.96 Bn | 416.09 Mn | 68.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 68.56% |
| Mar 31, 2026 | 67.82% |
| Dec 31, 2025 | 69.32% |
| Sep 30, 2025 | 70.12% |
| Jun 30, 2025 | 69.85% |
| Mar 31, 2025 | 68.73% |
| Dec 31, 2024 | 70.50% |
| Sep 30, 2024 | 71.94% |
| Jun 30, 2024 | 70.73% |
| Mar 31, 2024 | 69.89% |
| Dec 31, 2023 | 70.72% |
| Sep 30, 2023 | 71.83% |
| Jun 30, 2023 | 70.79% |
| Mar 31, 2023 | 69.79% |
| Dec 31, 2022 | 70.38% |
| Sep 30, 2022 | 69.64% |
| Jun 30, 2022 | 69.20% |
| Mar 31, 2022 | 66.92% |
| Dec 31, 2021 | 68.43% |
| Sep 30, 2021 | 67.60% |
API Access
Teladoc Health Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TDOC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TDOC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TDOC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();