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| Date | Value |
|---|---|
| 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% |