Teladoc Health

Largest listed US virtual-care company, selling care to employers and health plans

Overview

Teladoc Health is a New York-headquartered virtual-care company listed on the New York Stock Exchange under the ticker TDOC.[1] It is the largest company in this list by revenue: US$2.53bn in 2025, down from US$2.57bn in 2024 and US$2.60bn in 2023.[2] Unlike the software tools further down the list, Teladoc mainly sells care rather than a video product. Its Integrated Care segment provides virtual care that its 2025 annual report says is available to more than 100 million members through employers and insurers, covering preventive and primary care, 24/7 urgent care, mental health, chronic-condition programs and expert second opinions.[2] Its BetterHelp segment sells online therapy directly to consumers and increasingly through insurance.[1]

In the third quarter of 2026 Teladoc reported revenue of US$605.1m, down 3% year on year, with Integrated Care up 2% to US$398.5m and BetterHelp down 13% to US$206.6m. The company described the rollout of its Teladoc One platform with early partners and work on hybrid care and AI-enabled services.[1] Teladoc is not a self-service tool for an independent practice: it contracts with organisations, and most of its revenue comes from access fees.[1] The company remains loss-making on a GAAP basis, reporting a net loss of US$26.9m for the third quarter of 2026.[1]

Teladoc Health features

  • 24/7 virtual urgent care through its own clinicians
  • Primary care and chronic-condition programs
  • Mental health via BetterHelp and Integrated Care
  • Expert second-opinion service
  • Teladoc One platform for clients
  • International operations alongside US

Teladoc Health pricing

Quote-based. Sold to employers, health plans and health systems; revenue is mainly access fees paid on behalf of members, plus visit fees and BetterHelp consumer or insurance-covered fees.

Teladoc Health strengths and limitations

Strengths

  • Largest verified scale in the category
  • Supplies clinicians, not only software
  • Broad service range from urgent care to mental health
  • Audited public financials

Limitations

  • Not available as self-service software for practices
  • Revenue declining three years running
  • BetterHelp segment shrinking
  • Still reports GAAP net losses

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