Teladoc Health (TDOC) Operating Expenses (2014 - 2026)
Teladoc Health (TDOC) posted Operating Expenses of $644.0 million for Q2 2026, down 4.68% sequentially from $675.6 million in Q1 2026, and down 6.16% YoY from $686.3 million in Q2 2025.
Teladoc Health (TDOC) Operating Expenses (2014 - 2026) Analysis & Trends
Teladoc Health has reported Operating Expenses for 13 years, with the latest figure at $644.0 million in Q2 2026.
- Quarterly Operating Expenses fell 6.16% year-over-year to $644.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.7 billion (down 4.75% YoY) and the FY2025 annual result came in at $2.8 billion, down 22.21% from the prior year.
- Operating Expenses retreated to $644.0 million in Q2 2026 per TDOC's latest filing, from $675.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $7.2 billion in Q1 2022 and troughed at $644.0 million in Q2 2026.
- A 5-year average of $1.5 billion and a median of $701.0 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 1243.86% in 2022, then plunged 90.24% in 2023.
- Over 5 years, Operating Expenses stood at $4.5 billion in 2022, then sank by 84.38% to $695.6 million in 2023, then decreased by 0.99% to $688.7 million in 2024, then dropped by 1.52% to $678.3 million in 2025, then retreated by 5.05% to $644.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $644.0 million, $675.6 million, and $678.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 362.36 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 132.05 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 143.51 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 243.63 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 99.28 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 71.09 Mn |
| 10 | Teladoc Health | 1.24 Bn | 462.69 Mn | 416.09 Mn | 644.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 644.02 Mn |
| 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 |