TDOC
Teladoc Health margins
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- Healthcare
- NYSE: TDOC
- Margins
At present, Teladoc Health reports a gross margin of 68.6%, an operating margin of -6.6%, an EBITDA margin of 9.7%, and a net margin of -6.3%; its operating margin is negative at -6.6%, and its net margin is negative at -6.3%. Operating margin showed the largest year-over-year gain at 4.3 percentage points, whereas gross margin showed the largest decline at 1.2 percentage points.
TDOC margin history
Teladoc Health's margins averaged 70.08% gross, -19.4% operating, -2.83% EBITDA, and -18.13% net over the last 3 years. The current figures show operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.
TDOC margin expansion
The strongest improvement was in operating margin, which increased by 4.3 percentage points, and EBITDA margin also expanded by 4.1 percentage points and net margin also expanded by 2.5 percentage points, but gross margin contracted by 1.2 percentage points.
TDOC Gross margin
The average gross margin for Teladoc Health was 70.08% across the past 3 years. Right now, the current gross margin for Teladoc Health is 68.6%, 1.5 percentage points below its three-year average. The gross margin for Teladoc Health moved between 68.6% in Sep 2026 and 70.8% in Dec 2024.
TDOC Operating margin
Across the last 3 years, Teladoc Health's operating margin stood at -19.4%. Compared with its three-year average, Teladoc Health's current operating margin is -6.6% and is 12.8 percentage points above its three-year average. Operating margin was highest at -6.6% in Sep 2026 and lowest at -41.3% in Mar 2025.
TDOC EBITDA margin
The average EBITDA margin for Teladoc Health was -2.83% over the last 3 years. The current EBITDA margin stands at 9.7%, 12.5 percentage points above its three-year average. The EBITDA margin for Teladoc Health moved between -24.7% in Mar 2025 and 9.7% in Sep 2026.
TDOC Net margin
Over the last 3 years, Teladoc Health's net margin averaged -18.13%. As of the latest period, Teladoc Health's current net margin is -6.3%, which is 11.8 percentage points above its three-year average. During this period, net margin reached a high of -6.3% in Sep 2026 and a low of -39.7% in Mar 2025.
TDOC margin group comparison
Teladoc Health's gross margin of 68.6% is higher than the Healthcare sector and the industry average. But when looking at the Healthcare sector average of 68.3%, Teladoc Health's gross margin is only 0.4% higher.
TDOC margin peer comparison
Frequently asked questions
What is Teladoc Health's gross margin?
As of Sep 30, 2026, TDOC has a gross margin of 68.6%.
What is Teladoc Health's operating margin?
As of Sep 30, 2026, TDOC has a negative operating margin of -6.6%.
What is Teladoc Health's EBITDA margin?
The current EBITDA margin for TDOC is 9.7% as of Sep 30, 2026.
What is Teladoc Health's net margin?
As of Sep 30, 2026, TDOC has a net margin of -6.3%.
What are the average margins of TDOC?
Across the last 3 years, TDOC averaged 70.1% gross, -19.4% operating, -2.8% EBITDA, and -18.1% net.
What are the highest historical margins of TDOC?
Teladoc Health's highest recorded margins during the past 5 years were 70.8% gross in Dec 2024, -6.6% operating in Sep 2026, 9.7% EBITDA in Sep 2026, and -6.3% net in Sep 2026.
What are the lowest historical margins of TDOC?
Within the 5-year period, TDOC recorded its lowest margins at 67.8% gross in Mar 2022, -567.3% operating in Dec 2022, -555.7% EBITDA in Dec 2022, and -567.5% net in Dec 2022.