Teladoc Health (TDOC) Operating Expenses (2014 - 2026)

Teladoc Health's (TDOC) quarterly Operating Expenses came in at $675.6 million in Q1 2026, down 9.92% year-on-year from $750.0 million in Q1 2025, and little changed quarter-over-quarter from $678.3 million in Q4 2025.

Teladoc Health (TDOC) Operating Expenses (2014 - 2026) Analysis & Trends

Teladoc Health has disclosed Operating Expenses across 13 years of filings, most recently posting $675.6 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $675.6 million, down 9.92% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.7 billion (down 24.63% YoY), and the FY2025 annual result was $2.8 billion, down 22.21% from the prior year.
  • Operating Expenses came in at $675.6 million for Q1 2026 at Teladoc Health, roughly flat 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.
  • The 5-year median for Operating Expenses is $706.3 million (2023), against an average of $1.5 billion.
  • Across the five-year window, Operating Expenses jumped 1243.86% in 2022 and plunged 90.24% in 2023, its largest moves.
  • Teladoc Health's Operating Expenses stood at $4.5 billion in 2022, then sank by 84.38% to $695.6 million in 2023, then fell by 0.99% to $688.7 million in 2024, then decreased by 1.52% to $678.3 million in 2025, then retreated by 0.39% to $675.6 million in 2026.
  • The last three Operating Expenses figures came in at $675.6 million (Q1 2026), $678.3 million (Q4 2025), and $678.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Veeva Systems 24.83 Bn 17.52 Bn 662.02 Mn 388.91 Mn
2 BrightSpring Health Services 13.57 Bn 12.69 Bn 482.22 Mn 360.77 Mn
3 Healthequity 7.20 Bn 6.93 Bn 256.31 Mn 153.36 Mn
4 Hinge Health 5.42 Bn 5.11 Bn 154.23 Mn 122.16 Mn
5 10x Genomics 4.46 Bn 3.92 Bn 106.18 Mn 123.22 Mn
6 Doximity 3.81 Bn 3.06 Bn 125.97 Mn 101.14 Mn
7 Waystar Holding 3.52 Bn 3.36 Bn 268.04 Mn 233.41 Mn
8 Privia Health 2.94 Bn 2.57 Bn 595.71 Mn 596.43 Mn
9 Omnicell 1.76 Bn 1.59 Bn 140.36 Mn 123.51 Mn
10 Teladoc Health 1.45 Bn 696.57 Mn 562.57 Mn 675.61 Mn

Historic Data

Download Data
DateValue
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