Teladoc Health (TDOC) Operating Margin (2014 - 2026)
Teladoc Health recorded quarterly Operating Margin of 10.06% in Q1 2026, down 79.54% quarter-over-quarter from 5.6% in Q4 2025, and up 910.0% year-over-year from 1.0% in Q1 2025.
Teladoc Health's Operating Margin history runs 13 years deep, the most recent figure standing at 10.06% for Q1 2026.
- In Q1 2026, Operating Margin rose 910.0% year-over-year to 10.06%; the TTM figure through Mar 2026 stood at 8.12% (up 3318.0% YoY), while the FY2025 annual figure was 10.39%, up 2934.0% from the prior year.
- Operating Margin came in at 10.06% for Q1 2026 at Teladoc Health, down 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 slumped 116103 bps in 2022 and soared 116744 bps in 2023, its largest moves.
- Teladoc Health's Operating Margin stood at 598.32% in 2022, then jumped by 99 bps to 5.31% in 2023, then slumped by 42 bps to 7.53% in 2024, then increased by 26 bps to 5.6% in 2025, then slumped by 80 bps to 10.06% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 10.06%, 5.6%, and 8.29% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 29.41% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 29.03% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 17.59% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 17.08% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 25.64% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -11.30% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 1.23% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 5.44% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 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% |
| Mar 31, 2021 | -18.66% |
| Dec 31, 2020 | -119.61% |
| Sep 30, 2020 | -6.83% |
| Jun 30, 2020 | -2.98% |
| Mar 31, 2020 | -11.62% |
| Dec 31, 2019 | -9.96% |
| Sep 30, 2019 | -14.46% |
| Jun 30, 2019 | -16.90% |
| Mar 31, 2019 | -17.80% |
| Dec 31, 2018 | -14.53% |
| Sep 30, 2018 | -14.22% |
| Jun 30, 2018 | -19.19% |
| Mar 31, 2018 | -21.30% |
| Dec 31, 2017 | -31.84% |
| Sep 30, 2017 | -31.38% |
| Jun 30, 2017 | -32.50% |
| Mar 31, 2017 | -34.51% |
| Dec 31, 2016 | -35.37% |
| Sep 30, 2016 | -62.56% |
| Jun 30, 2016 | -54.60% |
| Mar 31, 2016 | -54.73% |
| Dec 31, 2015 | -63.37% |
| Sep 30, 2015 | -63.06% |
| Jun 30, 2015 | -88.89% |
| Mar 31, 2015 | -76.38% |
| Dec 31, 2014 | -48.33% |
| Sep 30, 2014 | -35.37% |
| Jun 30, 2014 | -27.78% |