Comcast (CMCSA) Operating Margin (2009 - 2026)

Comcast's Operating Margin history runs 18 years deep, the most recent figure standing at 13.14% for Q1 2026.

• In Q1 2026, Operating Margin fell 579.0% year-over-year to 13.14%; the TTM figure through Mar 2026 stood at 15.29% (down 345.0% YoY), while the FY2025 annual figure was 16.71%, down 212.0% from the prior year.
• Operating Margin was 13.14% for Q1 2026 at Comcast, up from 10.8% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 22.35% in Q2 2024 to a low of 8.12% in Q3 2022.
• Historically, Operating Margin has averaged 16.39% across 5 years, with a median of 18.27% in 2024.
• The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 2611 bps in 2022, then surged 2963 bps in 2023.
• A 5-year view of Operating Margin shows it stood at 14.83% in 2022, then dropped by 3 bps to 14.35% in 2023, then climbed by 9 bps to 15.65% in 2024, then plunged by 31 bps to 10.8% in 2025, then rose by 22 bps to 13.14% in 2026.
• The last three Operating Margin figures came in at 13.14% (Q1 2026), 10.8% (Q4 2025), and 17.74% (Q3 2025), per Business Quant data.