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Just reported
Q3 2026 results
From Teladoc Health's results release of October 28, 2026; its quarterly report has since been filed.
Revenue
Actual
$605.1M
-3.4% y/y
-0.3% q/qGuided
$589M
midpoint
Within guide+2.7%EPS, GAAP
Actual
-$0.15
Guided
—
No guide given
Operating income, GAAP
Actual
-$28.1M
Guided
—
No guide given
Company outlook
Full year 2026
- Revenue$2.395B – $2.441B-4.4% y/y Raised +0.6%
- EPS$0.95Lowered -5.0%
Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.
The full earnings report →Keep exploring
The themes Teladoc Health is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
Highest-graded in Health Information Services
Graded A or B and worth $2B or more: A first, then the largest.
VEEVVeeva Systems Inc.$49.4BA+
BTSGBrightSpring Health Services, Inc.$14.4BA
HNGEHinge Health, Inc.$9.9BA+
HQYHealthequity, Inc.$8.5BA+
DOCSDoximity, Inc.$5.9BB+
Grade rose recently in Healthcare
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
DHRDanaher CorporationOct 21, 2026CBGraded C, now B
MCKMckesson CorporationNov 4, 2026BAGraded B, now A
CVSCVS Health CorpNov 4, 2026BAGraded B, now A
EWEdwards Lifesciences CorporationNov 4, 2026BAGraded B, now A
BIIBBiogen Inc.Oct 28, 2026BAGraded B, now A
How it makes money
- Virtual medical care and hospital telehealth services65%
- Online therapy and psychiatry for individuals35%
Shares of revenue are estimates for three months ended June 30, 2026, not figures from a filing.
Competes with
What it sells6
Teladoc virtual care
Remote primary, urgent, mental health and specialty care, including expert second opinions.
Chronic care programs
Programs that help people manage ongoing conditions such as diabetes, using coaching, connected devices and clinical support.
BetterHelp
Online counseling and therapy through a network of licensed clinicians, using web, mobile app, phone and text.
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BetterSleep
An app with tools intended to help users improve sleep and well-being.
Prism
Software used by Teladoc clinicians and coaches to provide and coordinate virtual care.
Solo and Inpatient Connected Care
Hospital telehealth systems that support remote patient visits and monitoring, using software and, where needed, equipment such as cameras, tablets and patient-room devices.
Who buys it5
- Employers that arrange access to virtual care for employees and dependents, commonly through monthly fees.
- Health plans and insurers that arrange access for members and may sell or distribute the services through their own channels.
- Hospitals and health systems that buy or lease telehealth software and equipment, along with implementation and related services.
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- Individuals who pay directly for medical visits or BetterHelp therapy.
- People whose BetterHelp therapy is paid for through insurance.
What it stands on, and what could break it
What the business leans on
- 1A large share of revenue comes from client access arrangements, so revenue depends on client renewals, covered membership and the services clients choose to include.
- 2U.S. medical services rely on physician-owned affiliated professional groups that Teladoc does not own, as well as licensed clinicians available in the states where patients live.
- 3BetterHelp relies on attracting individual users through advertising and on having therapists available who are licensed and enrolled with the user’s insurer.
- 4Some medical devices depend on a limited number of outside suppliers for components.
What could go wrong
- 1BetterHelp’s cash-paying revenue has declined, while demand for insurance-covered care has been difficult to convert into visits and revenue because of limits in therapist availability, licensing, insurer enrollment and scheduling processes.
- 2A significant portion of revenue comes from a limited number of clients; losing clients, losing covered members or renewing contracts at lower fees could reduce revenue.
- 3State rules for telehealth, clinician licensing and the separation of business management from medical practice can restrict services or require changes to Teladoc’s arrangements with affiliated physician groups.
About Teladoc Health, Inc.
Teladoc connects people with clinicians by video, phone, app and messaging, and supplies hospitals with software and devices for virtual visits and patient monitoring. Employers and health insurers commonly pay monthly for access for covered workers or members; people can also pay per visit. BetterHelp connects individuals with licensed therapists online, with payment made out of pocket or through insurance. Teladoc completed 17.1 million virtual visits (2025, high) and had 100.3 million U.S. Integrated Care members (June 30, 2026, high).
- Head office
- New York, New York
- Founded
- 2002
- Employees
- Approximately 5,600 (December 31, 2025, high)
- Listed on
- NYSE
- Financial year ends
- December 31
Built from Teladoc Health, Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.
