Teladoc Health (TDOC) Operating Margin (2014 - 2026)
Teladoc Health (TDOC) posted Operating Margin of 6.11% for Q2 2026, up 39.27% sequentially from 10.06% in Q1 2026, and up 250.0% YoY from 1.75% in Q2 2025.
Teladoc Health (TDOC) Operating Margin (2014 - 2026) Analysis & Trends
Teladoc Health has reported Operating Margin for 13 years, with the latest figure at 6.11% in Q2 2026.
- Quarterly Operating Margin rose 250.0% year-over-year to 6.11% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 7.5% (up 302.0% YoY) and the FY2025 annual result came in at 10.39%, up 2934.0% from the prior year.
- Operating Margin improved to 6.11% in Q2 2026 per TDOC's latest filing, from 10.06% in the prior quarter.
- Over five years, Operating Margin peaked at 5.31% in Q4 2023 and troughed at 1179.69% in Q1 2022.
- A 5-year average of 142.64% and a median of 10.52% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 116103 bps in 2022, then jumped 116744 bps in 2023.
- Over 5 years, Operating Margin stood at 598.32% in 2022, then surged by 99 bps to 5.31% in 2023, then tumbled by 42 bps to 7.53% in 2024, then rose by 26 bps to 5.6% in 2025, then dropped by 9 bps to 6.11% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 6.11%, 10.06%, and 5.6% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 30.93% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 3.37% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 29.03% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -12.95% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 19.00% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -11.11% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 23.79% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 21.48% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -27.93% |
| 10 | Teladoc Health | 1.24 Bn | 462.69 Mn | 416.09 Mn | -6.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -6.11% |
| Mar 31, 2026 | -10.06% |
| Dec 31, 2025 | -5.60% |
| Sep 30, 2025 | -8.29% |
| Jun 30, 2025 | -8.61% |
| Mar 31, 2025 | -19.16% |
| Dec 31, 2024 | -7.53% |
| Sep 30, 2024 | -6.93% |
| Jun 30, 2024 | -130.93% |
| Mar 31, 2024 | -13.48% |
| Dec 31, 2023 | -5.31% |
| Sep 30, 2023 | -9.80% |
| Jun 30, 2023 | -10.98% |
| Mar 31, 2023 | -12.25% |
| Dec 31, 2022 | -598.32% |
| Sep 30, 2022 | -11.73% |
| Jun 30, 2022 | -522.73% |
| Mar 31, 2022 | -1,179.69% |
| Dec 31, 2021 | -7.47% |
| Sep 30, 2021 | -11.61% |