Teladoc Health Inc.: Beat — EPS -$0.15, Revenue $605.1M
Earnings BeatQ3 2026 · After-market
Did Teladoc Health Inc. (TDOC) beat earnings today?
Yes, Teladoc Health Inc. (TDOC) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+28.57% surprise
-$0.15Actual
Expected: -$0.21
vs. year ago +46.0%
Total Revenue+2.54% surprise
$605.1MActual
Expected: $590.09M
vs. year ago -3.0%
Released Oct 28 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $605.10M | $626.44M | -3.0% |
| Revenue detail — reported lines | |||
| └─Access Fees | $466.72M | $520.91M | -10.0% |
| └─Other | $138.38M | $105.53M | +31.0% |
| └─U.S. | $489.21M | $509.77M | -4.0% |
| └─International | $115.89M | $116.67M | -1.0% |
| └─Integrated Care | $398.46M | $389.54M | +2.0% |
| └─BetterHelp | $206.64M | $236.90M | -13.0% |
| └─Consumer and Other | $174.53M | $233.23M | -25.0% |
| └─Insurance Covered Services | $32.11M | $3.67M | - |
| Net Loss | ($26.93M) | ($49.51M) | +46.0% |
| GAAP Basic and Diluted EPS | -$0.15 | -$0.28 | +46.0% |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | Full Year 2026 Outlook |
|---|---|---|
| Revenue | $569M-$615M | $2,395M-$2,441M |
| Adjusted EBITDA | $74M-$100M | $277M-$303M |
| Net loss per share | ($0.23)-($0.03) | ($0.95)-($0.75) |
| Free Cash Flow | — | $135M-$165M |
| U.S. Integrated Care Members | 99.5M-100.5M | 99.5M-100.5M |
| Integrated Care Revenue growth percentage | 0.0%-3.8% | 1.1%-2.1% |
| Adjusted EBITDA margin | 14.5%-16.8% | 16.0%-16.6% |
| BetterHelp Revenue growth percentage | (31.5%)-(18.5%) | (16.1%)-(12.9%) |
| Adjusted EBITDA margin | 9.2%-15.1% | 2.7%-4.3% |
Business Highlights
- ➤Implemented Teladoc One with early launch partners.
- ➤Expanded capabilities through hybrid care and AI-enabled solutions.
- ➤Insurance revenue exceeded expectations in the BetterHelp segment.
- ➤Made progress expanding provider capacity and scaling access to covered services.
- ➤BetterHelp continued prioritizing Insurance Covered Services.
- ➤Teladoc serves patients, providers, platforms and partners through health plans, employers and health systems.
Management Commentary
Chuck Divita, Chief Executive Officer
“We delivered third quarter results near the upper end of our guidance range for consolidated revenue and above our range for consolidated adjusted EBITDA, reflecting solid execution across our two segments. Within the Integrated Care segment, we continue to advance our innovation agenda, including the implementation of Teladoc One with our early launch partners, while also expanding our capabilities through initiatives such as hybrid care and AI-enabled solutions. In the BetterHelp segment, insurance revenue exceeded our expectations, and we are making encouraging progress expanding provider capacity and scaling access to covered services. While there is more work ahead, we remain focused on disciplined execution against our strategic priorities. The actions we are taking are showing traction, and we believe will position us well for the opportunities ahead.”