Teladoc Health (TDOC) Operating Margin (2014 - 2026)
Teladoc Health (TDOC) reported Operating Margin of 10.06% for Q1 2026, up 910.0% on a YoY basis from 1.0% in Q1 2025, and down 79.54% sequentially from 5.6% in Q4 2025.
Teladoc Health (TDOC) Operating Margin (2014 - 2026) Analysis & Trends
Teladoc Health (TDOC) has 13 years of Operating Margin data on file, last reported at 10.06% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 910.0% year-over-year to 10.06%; the trailing twelve-month figure through Mar 2026 stood at 8.12% (up 3318.0% YoY), and the FY2025 full-year result was 10.39%, up 2934.0% from the prior year.
- Operating Margin declined to 10.06% in Q1 2026, from 5.6% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 5.31% in Q4 2023 to a low of 1179.69% in Q1 2022.
- A 5-year average of 150.67% and a median of 10.98% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin sank 116103 bps in 2022 and surged 116744 bps in 2023, its largest moves.
- Tracing TDOC's Operating Margin over 5 years: stood at 598.32% in 2022, then surged by 99 bps to 5.31% in 2023, then plunged by 42 bps to 7.53% in 2024, then climbed by 26 bps to 5.6% in 2025, then plunged by 80 bps to 10.06% in 2026.
- Business Quant data shows TDOC's Operating Margin at 10.06% in Q1 2026, 5.6% in Q4 2025, and 8.29% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 32.25 Bn | 24.94 Bn | 662.02 Mn | 30.93% |
| 2 | BrightSpring Health Services | 14.59 Bn | 13.69 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 8.33 Bn | 8.07 Bn | 256.31 Mn | 29.03% |
| 4 | Hinge Health | 5.98 Bn | 5.67 Bn | 154.23 Mn | 17.59% |
| 5 | 10x Genomics | 5.88 Bn | 5.34 Bn | 106.18 Mn | -11.30% |
| 6 | MiniMed | 4.49 Bn | 4.20 Bn | 480.00 Mn | -11.11% |
| 7 | Waystar Holding | 4.48 Bn | 4.41 Bn | 216.84 Mn | 25.64% |
| 8 | Doximity | 3.97 Bn | 3.22 Bn | 125.97 Mn | 17.08% |
| 9 | Privia Health | 3.13 Bn | 2.71 Bn | - | 1.23% |
| 10 | Teladoc Health | 1.59 Bn | 835.39 Mn | 416.32 Mn | -10.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -15.69% |