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
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