Teladoc Health (TDOC) Gross Margin (2014 - 2026)
Teladoc Health recorded quarterly Gross Margin of 91.65% in Q1 2026, up 32.21% quarter-over-quarter from 69.32% in Q4 2025, and up 2292.0% year-over-year from 3.83% in Q1 2025.
Teladoc Health's Gross Margin history runs 13 years deep, the most recent figure standing at 91.65% for Q1 2026.
- In Q1 2026, Gross Margin rose 2292.0% year-over-year to 91.65%; the TTM figure through Mar 2026 stood at 75.1% (up 2068.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 76.14% and a median of 71.94% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 13424 bps in 2022 and tumbled 14222 bps in 2023, its largest moves.
- Teladoc Health's Gross Margin stood at 151.43% in 2022, then plunged by 94 bps to 9.21% in 2023, then retreated by 30 bps to 6.48% in 2024, then jumped by 970 bps to 69.32% in 2025, then surged by 32 bps to 91.65% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 91.65%, 69.32%, and 70.12% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 74.46% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 84.60% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 86.65% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 85.40% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 70.39% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 45.30% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | 91.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Mar 31, 2021 | 67.83% |
| Dec 31, 2020 | 129.70% |
| Sep 30, 2020 | 63.74% |
| Jun 30, 2020 | 62.34% |
| Mar 31, 2020 | 59.97% |
| Dec 31, 2019 | 64.63% |
| Sep 30, 2019 | 88.32% |
| Jun 30, 2019 | 68.04% |
| Mar 31, 2019 | 65.25% |
| Dec 31, 2018 | 67.39% |
| Sep 30, 2018 | 69.21% |
| Jun 30, 2018 | 70.72% |
| Mar 31, 2018 | 70.04% |
| Dec 31, 2017 | 70.55% |
| Sep 30, 2017 | 75.61% |
| Jun 30, 2017 | 77.52% |
| Mar 31, 2017 | 71.70% |
| Dec 31, 2016 | 73.20% |
| Sep 30, 2016 | 78.04% |
| Jun 30, 2016 | 73.98% |
| Mar 31, 2016 | 70.46% |
| Dec 31, 2015 | 71.39% |
| Sep 30, 2015 | 77.53% |
| Jun 30, 2015 | 73.78% |
| Mar 31, 2015 | 67.97% |
| Dec 31, 2014 | 70.84% |
| Sep 30, 2014 | 80.28% |
| Jun 30, 2014 | 80.30% |