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Teladoc Health profit margin TDOC

Gross, operating and net profit as a share of revenue over the last twelve months, from 2014.

Net margin, 12 months
−7.1%
Operating margin, 12 months
−7.5%
Net margin on a year earlier
+1.0 pts
Peer median
5.0%

Over the twelve months to Jun 30, 2026, Teladoc Health kept −7.1% of its revenue as net profit, with an operating margin of −7.5% and a gross margin of 69.0%.

Five years earlier its net margin was −46.9%.

The median for 10 hospital and care facility stocks of a similar size is 5.0%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025−7.9%−10.4%69.5%
FY2024−39.0%−39.7%70.8%
FY2023−8.5%−9.6%70.8%
FY2022n/an/a69.1%
FY2021−21.1%−13.1%68.0%
FY2020−44.3%−46.3%64.3%
FY2019−17.9%−14.5%66.7%
FY2018−23.2%−17.0%69.2%
FY2017−45.8%−32.3%73.6%
FY2016−60.3%−50.9%74.0%
FY2015−75.0%−72.1%72.8%
FY2014−39.1%−34.8%77.2%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY26−7.1%+1.0 pts−7.5%
Q1 FY26−6.8%+32.9 pts−8.1%
Q4 FY25−7.9%+31.0 pts−10.4%
Q3 FY25−8.8%+29.1 pts−10.9%
Q2 FY25−8.2%+30.4 pts−10.5%
Q1 FY25−39.7%−30.8 pts−41.3%
Q4 FY24−39.0%−30.5 pts−39.7%
Q3 FY24−37.9%n/a−38.9%
Q2 FY24−38.5%n/a−39.4%
Q1 FY24−8.9%n/a−9.9%
Q4 FY23−8.5%n/a−9.6%
Q3 FY23n/an/an/a

Against its peers

Companies in Medical - Care Facilities nearest Teladoc Health's size, closest first, today.

Where Teladoc Health ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Teladoc Health

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.