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Teladoc Health (TDOC) Q3 2026 earnings results (third quarter 2026)

10-Q filed Oct 29, 2026

Teladoc Health (TDOC) reported revenue of $605M for the third quarter 2026 (Q3 2026), -3% from a year earlier and -0.3% from the quarter before. Operating margin was -4.6%, net loss $26.9M (4.5% of revenue).

Revenue$605M
Year over year-3%
Quarter over quarter-0.3%
Operating margin-4.6%
Net earnings−$26.9M

Teladoc Health, Q3 2026: revenue $605M (-3% year over year), operating margin -4.6%, net loss $26.9M, operating cash flow $106M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$605M-0.3%-3%
Operating profit−$28.1M——
Net earnings−$26.9M——
Operating cash flow$106M+65%+7%
Free cash flow$105M+65%+9%

What changed

Revenue was $605.1M in Q3 2026, down 3% year over year and roughly flat from the previous quarter. Access Fees was the largest line at 77% of revenue. Access Fees lost $54.2M year over year (down 10%), 254% of the total change.

Operating costs exceeded revenue by $28.1M, an operating margin of -4.6%. Total costs fell 7% while revenue fell 3%. The quarter ended with a net loss of $26.9M, narrower than the previous quarter's $38.9M loss.

Operating cash flow was $106.5M (up 7% year over year). Non-cash charges added back $11.6M of share-based compensation. Working capital and other items added $121.8M. Capital expenditures of $1.2M left free cash flow of $105.2M.

Questions

What was Teladoc Health's revenue in the third quarter 2026?

Teladoc Health (TDOC) reported revenue of $605M for the third quarter 2026 (Q3 2026), -3% from a year earlier and -0.3% from the quarter before.

Was Teladoc Health profitable in the third quarter 2026?

Operating loss was $28.1M (-4.6% of revenue) and net loss $26.9M.

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Source: Teladoc Health 10-Q on SEC EDGAR.