Doximity, Inc.

DOCS Healthcare Health Information Services

Doximity, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $644.9 million, up 13.1% from fiscal 2025.

Revenue
+3.57%
EPS
−42.4%
Free cash flow
+1.87%

Quarter to September 2026, against a year earlier

32.10 1.08 −3.25%
Market cap
$5.9B
P/E
44.4×
Fwd P/E
49.7×
Dividend yield
—
F-score
5/9
Altman Z
17.11
Beneish M
−2.93
Dividend safety
n/a

Doximity, Inc. (DOCS) Operating margin

Alert me on Operating margin

Doximity, Inc.'s operating margin over the twelve months to 30 September 2026 was 26.3%, down 7.0 percentage points from fiscal 2026 (33.3%). Over the past ten years it has ranged from 8.08% (fiscal 2019) to 39.9% (fiscal 2025); the current reading is higher than 75% of that period. That is above the Health Information Services industry median of −10.5% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 33.3% (6.61)
FY2025 39.9% 5.47
FY2024 34.5% 4.61
FY2023 29.9% (3.19)
FY2022 33.1% 7.29
FY2021 25.8% 6.72
FY2020 19.0% 10.96
FY2019 8.08% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 25.2% 3.68
Jun 2026 21.5% 4.40
Mar 2026 17.1% (21.77)
Dec 2025 38.9% 1.06
23 more quarters

Against its own ten years

Low 8.08% High 39.9%
Ten-year median 31.5%
Current reading's percentile 9

Operating margin against peers

Company Operating margin
DOCS Doximity, Inc. 26.3%
HQY HealthEquity, Inc. compare 25.8%
WAY Waystar Holding Corp. compare 21.9%
HNGE Hinge Health Inc. compare 13.0%
BTSG BrightSpring Health Services, Inc. compare 3.41%
PRVA Privia Health Group, Inc. compare 2.10%
TEM Tempus AI, Inc. compare −18.5%
HTFL Heartflow, Inc. compare −37.8%
SDGR Schrodinger, Inc. compare −49.6%
Health Information Services industry median −10.5%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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