What are Teladoc Health's profit margins?

Teladoc Health (TDOC) runs a 69.3% gross margin and a -8.1% operating margin, with a -6.8% net margin.

Where do Teladoc Health's ratios come from?

Every ratio is computed from Teladoc Health's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Teladoc Health TDOC Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	69.3%-1.2pp	69.5%-1.3pp	69.8%-1.0pp	70.3%-0.5pp	70.5%-0.3pp
Operating margin	-8.1%+33.2pp	-10.4%+29.3pp	-10.9%+28.0pp	-10.5%+28.9pp	-41.3%-31.4pp
Net margin	-6.8%+32.9pp	-7.9%+31.0pp	-8.8%+29.1pp	-8.2%+30.4pp	-39.7%-30.8pp
Returns
Return on equity	-12.4%+42.1pp	-13.9%+38.5pp	-15.4%+36.2pp	-14.2%+38.8pp	-54.5%-44.3pp
Return on invested capital	-28%+73.8pp	-36.6%+63.4pp	-34.9%+57.9pp	-31.1%+57.4pp	-101.9%-82.7pp
Efficiency
Asset turnover	0.8×+0.1×	0.8×+0.1×	0.8×+0.1×	0.8×+0.1×	0.7×+0.1×
Liquidity
Current ratio	2.8×+1.1×	2.8×+1.0×	2.7×+1.0×	2.7×+1.0×	1.7×-2.1×
Leverage
Debt-to-equity	0×-0.4×	0×-0.4×	0×-0.4×	0×-0.4×	0.4×+0.4×
Net debt / EBITDA	-4.7×—	——	——	——	——
Per Share
Book value per share	$7.46-9.0%	$7.86-10.1%	$7.87-10.5%	$8.08-8.4%	$8.19-40.0%
Valuation
Market capitalization	$1.41B+16.5%	$1.24B-20.6%	$1.37B-12.6%	$1.4B-14.4%	$1.38B-45.4%
Price / sales	0.6×+0.1×	0.5×-0.1×	0.5×-0.1×	0.6×-0.1×	0.5×-0.4×
Price / book	1.1×+0.2×	0.9×-0.2×	1×-0.1×	1×-0.1×	1×-0.1×
EV / EBITDA	4.6×—	——	——	——	——

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Questions, answered.

What are Teladoc Health's profit margins?: Teladoc Health (TDOC) runs a 69.3% gross margin and a -8.1% operating margin, with a -6.8% net margin.
Where do Teladoc Health's ratios come from?: Every ratio is computed from Teladoc Health's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.