Lumen Technologies (LUMN) Gross Margin (2009 - 2026)
Lumen Technologies' Gross Margin came in at 47.26% for Q3 2026, up 2.33 percentage points from 44.93% a year earlier but down 2.30 percentage points from the prior quarter.
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Analysis
Lumen Technologies (LUMN) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Lumen Technologies reported Gross Margin of 48.44%, up 1.37 percentage points year-over-year; for FY2025, it was 46.48%, down 2.39 percentage points from FY2024.
- Gross Margin has declined in each of the last four years, with a five-year change of -10.39 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 48.86% in FY2024 (-2.06 pp), 50.92% in FY2023 (-4.06 pp), 54.98% in FY2022 (-1.90 pp) and 56.89% in FY2021 (+0.02 pp).
- The five-year range for quarterly Gross Margin is 44.93% (Q3 2025) to 57.55% (Q1 2022).
- Year-over-year, Gross Margin has increased for three consecutive quarters, with an average year-over-year change of -0.43 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q1 2026 (a gain of 3.52 percentage points), and the weakest in Q1 2023 (a drop of 6.16 percentage points).
- Business Quant data shows LUMN's Gross Margin at 49.55% (Q2 2026), 50.50% (Q1 2026) and 46.50% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 190.79 Bn | 157.13 Bn | 27.05 Bn | 78.83% |
| 2 | T-Mobile US | 173.48 Bn | 155.91 Bn | 15.13 Bn | 64.17% |
| 3 | At&T | 147.74 Bn | 89.20 Bn | 26.22 Bn | 81.13% |
| 4 | Grupo Televisa, S.A.B | 147.02 Bn | 147.02 Bn | 960.50 Mn | 117.66% |
| 5 | Comcast | 86.74 Bn | 52.53 Bn | - | - |
| 6 | Chunghwa Telecom | 38.68 Bn | 30.69 Bn | 728.80 Mn | 37.54% |
| 7 | Vodafone Group Public | 37.42 Bn | 6.82 Bn | - | - |
| 8 | EchoStar | 27.50 Bn | 8.54 Bn | 647.20 Mn | 57.40% |
| 9 | Bce | 20.09 Bn | 18.08 Bn | 2.79 Bn | 63.23% |
| 10 | Lumen Technologies | 4.00 Bn | -1.48 Bn | 1.28 Bn | 47.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 47.26% |
| Jun 30, 2026 | 49.55% |
| Mar 31, 2026 | 50.50% |
| Dec 31, 2025 | 46.50% |
| Sep 30, 2025 | 44.93% |
| Jun 30, 2025 | 47.48% |
| Mar 31, 2025 | 46.98% |
| Dec 31, 2024 | 48.75% |
| Sep 30, 2024 | 47.47% |
| Jun 30, 2024 | 49.42% |
| Mar 31, 2024 | 49.79% |
| Dec 31, 2023 | 50.61% |
| Sep 30, 2023 | 49.19% |
| Jun 30, 2023 | 52.47% |
| Mar 31, 2023 | 51.39% |
| Dec 31, 2022 | 51.95% |
| Sep 30, 2022 | 54.46% |
| Jun 30, 2022 | 55.38% |
| Mar 31, 2022 | 57.55% |
| Dec 31, 2021 | 56.96% |
API Access
Lumen Technologies Gross 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=gross-margin&ticker=LUMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LUMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=LUMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();