AT&T Inc. T

25.38 (0.07) (0.28%) as of 25 Sep
Market cap
$174.2B
P/E
8.4×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

AT&T Inc. (T) Operating margin

AT&T Inc.'s operating margin over the twelve months to 30 June 2026 was 20.1%, up 0.9 percentage points from fiscal 2025 (19.2%). Over the past ten years it has ranged from −3.80% (fiscal 2022) to 19.3% (fiscal 2021); the current reading is higher than 91% of that period. That is above the Telecom Services industry median of 7.62% and above the Communication Services sector median of 0.35%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 19.2% 3.66
FY2024 15.6% (3.59)
FY2023 19.2% 22.96
FY2022 −3.80% (23.12)
FY2021 19.3% 13.47
FY2020 5.85% (9.58)
FY2019 15.4% 0.15
FY2018 15.3% 2.84
FY2017 12.4% (1.93)
FY2016 14.4% (2.51)

Quarterly

Period Operating margin Change (points)
Jun 2026 22.3% 1.17
Mar 2026 21.1% 3.83
Dec 2025 17.3% (2.63)
Sep 2025 19.9% (1.14)
42 more quarters

Against its own ten years

Low −3.80% High 19.3%
Ten-year median 15.4%
Current reading's percentile 91

Operating margin against peers

Company Operating margin
AMX America Movil, S.A.B. de C.V. Unsponsored ADR compare 21.0%
VZ Verizon Communications Inc. compare 20.5%
CHT Chunghwa Telecom Co., Ltd. compare 20.4%
T AT&T Inc. 20.1%
TMUS T-Mobile US, Inc. compare 19.8%
CMCSA Comcast Corporation compare 14.7%
VOD Vodafone Group PLC compare 0.00%
ORANY Orange compare 0.00%
ECHO EchoStar Corporation compare −112.7%
Telecom Services industry median 7.62%
Communication Services sector median 0.35%
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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