Teladoc Health (TDOC) Gross Margin (2014 - 2026)
Teladoc Health (TDOC) posted Gross Margin of 68.56% for Q2 2026, up 1.08% sequentially from 67.82% in Q1 2026, and down 129.0% YoY from 236.4% in Q2 2025.
Teladoc Health (TDOC) Gross Margin (2014 - 2026) Analysis & Trends
Teladoc Health has reported Gross Margin for 13 years, with the latest figure at 68.56% in Q2 2026.
- Quarterly Gross Margin fell 129.0% year-over-year to 68.56% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 68.97% (down 130.0% YoY) and the FY2025 annual result came in at 69.5%, down 126.0% from the prior year.
- Gross Margin improved to 68.56% in Q2 2026 per TDOC's latest filing, from 67.82% in the prior quarter.
- Over five years, Gross Margin peaked at 71.94% in Q3 2024 and troughed at 66.92% in Q1 2022.
- A 5-year average of 69.82% and a median of 69.87% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2025: Gross Margin soared 287 bps in 2023, then sank 182 bps in 2025.
- Over 5 years, Gross Margin stood at 70.38% in 2022, then advanced by 0 bps to 70.72% in 2023, then fell by 0 bps to 70.5% in 2024, then slipped by 2 bps to 69.32% in 2025, then fell by 1 bps to 68.56% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 68.56%, 67.82%, and 69.32% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 12.72% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 72.27% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 74.48% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 86.44% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 69.44% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 84.87% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 83.00% |
| 10 | Teladoc Health | 1.24 Bn | 462.69 Mn | 416.09 Mn | 68.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 68.56% |
| 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% |