Comcast (CMCSA) Operating Margin (2009 - 2026)
Comcast (CMCSA) posted Operating Margin of 17.23% for Q2 2026, down 2.53 percentage points from 19.77% a year earlier but up 4.09 percentage points from the prior quarter.
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Analysis
Comcast (CMCSA) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Comcast was 14.66%, down 3.46 percentage points year-over-year; for FY2025, it came in at 16.71%, down 2.12 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of -0.18 percentage points (FY2020 to FY2025).
- In prior years, Comcast's Operating Margin was 18.83% in FY2024 (-0.35 pp), 19.18% in FY2023 (+7.61 pp), 11.56% in FY2022 (-6.32 pp) and 17.89% in FY2021 (+1.00 pp).
- Quarterly Operating Margin has run from a low of -8.12% in Q3 2022 to a high of 22.35% in Q2 2024 over five years.
- On a year-over-year basis, Operating Margin has declined in each of the last six quarters, with an average year-over-year change of -2.33 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2023, with a gain of 29.63 percentage points; the weakest was Q3 2022, with a drop of 26.11 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 13.14% (Q1 2026), 10.80% (Q4 2025) and 17.74% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 185.47 Bn | 148.60 Bn | 27.03 Bn | 20.96% |
| 2 | T-Mobile US | 170.71 Bn | 155.46 Bn | 14.76 Bn | 24.09% |
| 3 | At&T | 163.01 Bn | 94.97 Bn | 25.82 Bn | 22.30% |
| 4 | Grupo Televisa, S.A.B | 150.16 Bn | 141.89 Bn | 318.12 Mn | 11.00% |
| 5 | Comcast | 78.80 Bn | 42.87 Bn | - | 17.23% |
| 6 | Vodafone Group Public | 38.20 Bn | 7.60 Bn | - | - |
| 7 | Chunghwa Telecom | 36.94 Bn | 28.95 Bn | 728.80 Mn | 21.61% |
| 8 | EchoStar | 25.00 Bn | 16.09 Bn | 1.65 Bn | 14.34% |
| 9 | Telefonica Brasil | 20.77 Bn | 14.79 Bn | 1.42 Bn | 16.48% |
| 10 | Bce | 18.60 Bn | 16.72 Bn | 3.38 Bn | 19.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.23% |
| Mar 31, 2026 | 13.14% |
| Dec 31, 2025 | 10.80% |
| Sep 30, 2025 | 17.74% |
| Jun 30, 2025 | 19.77% |
| Mar 31, 2025 | 18.93% |
| Dec 31, 2024 | 15.65% |
| Sep 30, 2024 | 18.27% |
| Jun 30, 2024 | 22.35% |
| Mar 31, 2024 | 19.33% |
| Dec 31, 2023 | 14.35% |
| Sep 30, 2023 | 21.50% |
| Jun 30, 2023 | 21.99% |
| Mar 31, 2023 | 19.02% |
| Dec 31, 2022 | 14.83% |
| Sep 30, 2022 | -8.12% |
| Jun 30, 2022 | 21.21% |
| Mar 31, 2022 | 17.96% |
| Dec 31, 2021 | 15.89% |
| Sep 30, 2021 | 17.99% |
API Access
Comcast Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=CMCSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CMCSA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=CMCSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();