Lumen Technologies (LUMN) Operating Margin (2009 - 2026)
Lumen Technologies' Operating Margin came in at -3.14% for Q2 2026, up 16.36 percentage points from -19.50% a year earlier but down 23.90 percentage points from the prior quarter.
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Analysis
Lumen Technologies (LUMN) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Lumen Technologies reported Operating Margin of 1.67%, up 3.36 percentage points year-over-year; for FY2025, it was -6.55%, down 10.06 percentage points from FY2024.
- Operating Margin carries a five-year change of -11.19 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 3.51% in FY2024 (+69.35 pp), -65.84% in FY2023 (-66.38 pp), 0.54% in FY2022 (-21.22 pp) and 21.77% in FY2021 (+17.12 pp).
- The five-year range for quarterly Operating Margin is -230.02% (Q2 2023) to 31.53% (Q3 2022).
- Year-over-year, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of +5.77 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2024 (a gain of 234.15 percentage points), and the weakest in Q2 2023 (a drop of 249.79 percentage points).
- Business Quant data shows LUMN's Operating Margin at 20.77% (Q1 2026), -6.58% (Q4 2025) and -3.76% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 190.70 Bn | 155.11 Bn | 27.03 Bn | 20.96% |
| 2 | T-Mobile US | 175.28 Bn | 160.03 Bn | 14.76 Bn | 24.09% |
| 3 | At&T | 167.47 Bn | 115.42 Bn | 25.82 Bn | 22.30% |
| 4 | Grupo Televisa, S.A.B | 141.87 Bn | 130.50 Bn | 318.12 Mn | 11.00% |
| 5 | Comcast | 76.96 Bn | 41.21 Bn | - | 17.23% |
| 6 | Chunghwa Telecom | 35.31 Bn | 31.16 Bn | 728.80 Mn | 21.61% |
| 7 | EchoStar | 25.94 Bn | 17.08 Bn | 1.65 Bn | 14.34% |
| 8 | AST SpaceMobile | 22.90 Bn | 23.41 Bn | 7.95 Mn | -1,018.86% |
| 9 | Bce | 18.99 Bn | 17.31 Bn | - | - |
| 10 | Lumen Technologies | 5.77 Bn | -1.14 Bn | 1.39 Bn | -3.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.14% |
| Mar 31, 2026 | 20.77% |
| Dec 31, 2025 | -6.58% |
| Sep 30, 2025 | -3.76% |
| Jun 30, 2025 | -19.50% |
| Mar 31, 2025 | 3.36% |
| Dec 31, 2024 | 4.63% |
| Sep 30, 2024 | 3.91% |
| Jun 30, 2024 | 4.13% |
| Mar 31, 2024 | 1.37% |
| Dec 31, 2023 | -50.50% |
| Sep 30, 2023 | 6.12% |
| Jun 30, 2023 | -230.02% |
| Mar 31, 2023 | 10.43% |
| Dec 31, 2022 | -86.42% |
| Sep 30, 2022 | 31.53% |
| Jun 30, 2022 | 19.77% |
| Mar 31, 2022 | 23.16% |
| Dec 31, 2021 | 23.95% |
| Sep 30, 2021 | 23.14% |
API Access
Lumen Technologies 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=LUMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=LUMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();