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Teladoc Health TDOC Access Fees — Revenue

Other product segments

Other
$132.71M+22.7%

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Other financials

Income statement

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Revenue$606.9M-4.0%
Gross profit$416.1M-5.7%
Operating income-$37.1M+31.8%
Net income-$38.9M-19.1%
EPS (diluted)-$0.21-10.5%

Balance sheet

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Cash & equivalents$774.3M+13.9%
Total debt$1.0B+2,371%
Total equity$1.3B-7.9%
Total assets$2.8B-4.7%

Cash flow

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Operating cash flow$64.7M-29.3%
CapEx$928.0K-26.8%
Free cash flow$63.7M-29.3%

Valuation

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Market cap$1.21B-1.7%
Enterprise value$1.48B+147%
P/S0.5×0.0×

Profitability

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Gross margin69%-1.3pp
Operating margin-7.5%-1.7pp
Net margin-7.1%-0.8pp
FCF margin10.2%-1.3pp

Returns & leverage

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Return on equity-13%-1.0pp
Debt / equity0.8×+0.8×
Current ratio0.8×-1.8×

Where this comes from

Reported directly by Teladoc Health in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Teladoc Health’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 9:54 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001477449-26-000038
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue by Type
Access Fees$474,215$523,703$958,870$1,049,439
Other132,712108,197261,902211,830
Total Revenue$606,927$631,900$1,220,772$1,261,269
Revenue by Geography
U.S.$487,360$519,689$978,865$1,044,659
International119,567112,211241,907216,610
Total Revenue$606,927$631,900$1,220,772$1,261,269

ITEM 1. Financial Statements

FAQ

What is Teladoc Health's access fees — revenue?
Teladoc Health (TDOC) reported access fees — revenue of $474.22M in Q2 2026.
How has Teladoc Health's access fees — revenue changed year-over-year?
Teladoc Health's access fees — revenue decreased by 9.4% year-over-year, from $523.7M to $474.22M.
What is the long-term trend for Teladoc Health's access fees — revenue?
Over 4 years (2021 to 2025), Teladoc Health's access fees — revenue has grown at a 4.7% compound annual growth rate (CAGR), from $1.74B to $2.09B.
What does access fees — revenue mean?
This metric represents the total revenue generated from recurring subscription-based access fees for virtual healthcare services. It reflects the core predictable income stream derived from per-member, per-month contracts with health plans, employers, and other organizations. Tracking this figure provides insight into the stability and scale of the company's primary telehealth service model.

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