At&T (T) Gross Margin (2009 - 2026)

At&T (T) reported Gross Margin of 80.13% for Q1 2026, up 83.0% year-over-year from 43.79% in Q1 2025, and down 1.21% quarter-over-quarter from 81.11% in Q4 2025.

At&T (T) Gross Margin (2009 - 2026) Analysis & Trends

At&T (T) has 18 years of Gross Margin data on file, last reported at 80.13% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 80.13%, up 83.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 79.97% (up 152.0% YoY), and the FY2025 annual result was 79.77%, up 181.0% from the prior year.
  • Gross Margin slipped to 80.13% in Q1 2026 per T's latest filing, from 81.11% in the prior quarter.
  • Over five years, Gross Margin peaked at 81.11% in Q4 2025 and troughed at 77.04% in Q2 2022.
  • A 5-year average of 78.45% and a median of 77.86% in 2023 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2022 and 2025: Gross Margin plunged 213 bps in 2022, then surged 228 bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 79.03% in 2022, then advanced by 0 bps to 79.05% in 2023, then retreated by 0 bps to 78.83% in 2024, then grew by 3 bps to 81.11% in 2025, then declined by 1 bps to 80.13% in 2026.
  • Business Quant data shows T's Gross Margin at 80.13% in Q1 2026, 81.11% in Q4 2025, and 79.32% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Bce 382.57 Bn 381.58 Bn - -
2 T-Mobile US 195.94 Bn 192.42 Bn 17.62 Bn 76.25%
3 Verizon Communications 190.78 Bn 183.73 Bn 27.94 Bn 81.11%
4 At&T 159.64 Bn 149.68 Bn 25.25 Bn 80.13%
5 Telefonica Brasil 146.21 Bn 144.47 Bn 1.32 Bn 44.91%
6 America Movil Sab De Cv 128.31 Bn 126.27 Bn 10.13 Bn 75.12%
7 Chunghwa Telecom 109.39 Bn 107.21 Bn 719.92 Mn 37.92%
8 Millicom International Cellular 106.22 Bn 104.67 Bn - -
9 Veon 82.81 Bn 80.59 Bn - -
10 EchoStar 33.61 Bn 33.48 Bn 3.13 Bn 85.36%

Historic Data

Download Data
DateValue
Mar 31, 2026 80.13%
Dec 31, 2025 81.11%
Sep 30, 2025 79.32%
Jun 30, 2025 79.21%
Mar 31, 2025 79.30%
Dec 31, 2024 78.83%
Sep 30, 2024 77.83%
Jun 30, 2024 77.76%
Mar 31, 2024 77.32%
Dec 31, 2023 79.05%
Sep 30, 2023 77.48%
Jun 30, 2023 77.37%
Mar 31, 2023 77.86%
Dec 31, 2022 79.03%
Sep 30, 2022 77.50%
Jun 30, 2022 77.04%
Mar 31, 2022 77.45%
Dec 31, 2021 78.19%
Sep 30, 2021 77.93%
Jun 30, 2021 79.17%