American Well AMWL Revenue Breakdown

NYSE AMWL
$13.19 -0.25 (-1.90%)
As of: Sep 29, 2026 · 3:59 PM EDT
Annual revenue breakdowns for American Well, fiscal 2018 to 2025, as reported in its filings.
Annual history

American Well Revenue by Product & Service

Years FY 2018–2025
Lines 3
FY 2025 Total $249.33M

Platform Subscription was American Well’s largest product and service line in fiscal 2025, bringing in $132.41M of $249.33M (53%).

American Well revenue by product and service, fiscal 2018 to 2025
Product and Service FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Platform Subscription $120.92M $112.36M $115.54M $132.41M
Visits $124.35M $119.49M $116.46M $94.29M
Other $31.92M $27.20M $22.37M $22.63M
Total $277.19M $259.05M $254.36M $249.33M
Totals include 1 discontinued line from earlier reporting.

American Well revenue by product and service: what the figures show

American Well brought in $249.33M from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 2.0% from $254.36M in fiscal 2024. Platform Subscription was the largest at $132.41M (53.1%), ahead of Visits at $94.29M (37.8%) and Other at $22.63M (9.1%).

Compared with fiscal 2024, Platform Subscription grew fastest, up 14.6% to $132.41M, while Visits fell the most, down 19.0% to $94.29M. From fiscal 2022 to 2025, combined revenue from these lines fell from $277.19M to $249.33M, a compound annual decline of 3.5%. Platform Subscription's share of the total rose from 43.6% to 53.1%.

Questions

American Well Revenue Breakdown FAQ

How does American Well make money?

American Well (AMWL) reports its revenue by product and service. In fiscal 2025, Platform Subscription was its largest product and service line, bringing in $132.41M (53.1% of the total), followed by Visits at $94.29M (37.8%).

What is American Well's largest product and service line?

Platform Subscription was American Well's largest product and service line in fiscal 2025, bringing in $132.41M, or 53.1% of the $249.33M total across its three product and service lines.

Which American Well product and service line is growing the fastest?

Among American Well's product and service lines that make up at least 2% of revenue, Platform Subscription grew fastest in fiscal 2025, up 14.6% from $115.54M to $132.41M.

Where does this revenue breakdown data come from?

Every figure comes from American Well's annual financial filings, as reported. Each line keeps the name American Well gives it, and years follow its fiscal calendar.

How far back does American Well's revenue breakdown go?

American Well's revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.