Teladoc Health (TDOC) Operating Expenses (2014 - 2026)
Teladoc Health (TDOC) reported Operating Expenses of $675.6 million for Q1 2026, down 9.92% on a YoY basis from $750.0 million in Q1 2025, and little changed sequentially from $678.3 million in Q4 2025.
Teladoc Health (TDOC) Operating Expenses (2014 - 2026) Analysis & Trends
Teladoc Health (TDOC) has 13 years of Operating Expenses data on file, last reported at $675.6 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 9.92% year-over-year to $675.6 million; the trailing twelve-month figure through Mar 2026 stood at $2.7 billion (down 24.63% YoY), and the FY2025 full-year result was $2.8 billion, down 22.21% from the prior year.
- Operating Expenses held at $675.6 million in Q1 2026, from $678.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $7.2 billion in Q1 2022 to a low of $675.6 million in Q1 2026.
- A 5-year average of $1.5 billion and a median of $706.3 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 1243.86% in 2022 and slumped 90.24% in 2023, its largest moves.
- Tracing TDOC's Operating Expenses over 5 years: stood at $4.5 billion in 2022, then slumped by 84.38% to $695.6 million in 2023, then declined by 0.99% to $688.7 million in 2024, then retreated by 1.52% to $678.3 million in 2025, then fell by 0.39% to $675.6 million in 2026.
- Business Quant data shows TDOC's Operating Expenses at $675.6 million in Q1 2026, $678.3 million in Q4 2025, and $678.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 123.22 Mn |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 122.16 Mn |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 233.41 Mn |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 101.14 Mn |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 596.43 Mn |
| 10 | Teladoc Health | 1.55 Bn | 798.67 Mn | 416.32 Mn | 675.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 675.61 Mn |
| Dec 31, 2025 | 678.27 Mn |
| Sep 30, 2025 | 678.40 Mn |
| Jun 30, 2025 | 686.29 Mn |
| Mar 31, 2025 | 749.98 Mn |
| Dec 31, 2024 | 688.71 Mn |
| Sep 30, 2024 | 684.91 Mn |
| Jun 30, 2024 | 1.48 Bn |
| Mar 31, 2024 | 733.25 Mn |
| Dec 31, 2023 | 695.61 Mn |
| Sep 30, 2023 | 724.96 Mn |
| Jun 30, 2023 | 724.05 Mn |
| Mar 31, 2023 | 706.35 Mn |
| Dec 31, 2022 | 4.45 Bn |
| Sep 30, 2022 | 683.13 Mn |
| Jun 30, 2022 | 3.69 Bn |
| Mar 31, 2022 | 7.23 Bn |
| Dec 31, 2021 | 595.66 Mn |
| Sep 30, 2021 | 582.23 Mn |
| Jun 30, 2021 | 582.09 Mn |