At&T (T) Net Margin (2009 - 2026)
At&T (T) recorded Net Margin of 2.65% in Q3 2026, down 27.57 percentage points from 30.21% a year earlier and down 11.90 percentage points from the prior quarter.
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Analysis
At&T (T) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, At&T's Net Margin came in at 10.08% as of Sep 30, 2026, down 7.73 percentage points year-over-year; for FY2025, it came in at 17.42%, up 8.64 percentage points from FY2024.
- Annual Net Margin has a five-year change of +21.17 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 8.78% in FY2024 (-2.81 pp), 11.59% in FY2023 (+18.82 pp), -7.23% in FY2022 (-22.06 pp) and 14.83% in FY2021 (+18.58 pp).
- The Q3 2026 figure is the lowest quarterly Net Margin since Q3 2024.
- On a year-over-year basis, Net Margin rose in five of the last eight quarters, with an average year-over-year change of +1.41 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 98.13 percentage points in Q4 2021, against a drop of 91.26 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 14.55% (Q2 2026), 12.04% (Q1 2026) and 11.21% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 192.35 Bn | 158.69 Bn | 27.05 Bn | 15.15% |
| 2 | T-Mobile US | 180.14 Bn | 162.57 Bn | 15.13 Bn | 14.65% |
| 3 | At&T | 147.81 Bn | 89.27 Bn | 26.22 Bn | 2.65% |
| 4 | Grupo Televisa, S.A.B | 145.45 Bn | 145.45 Bn | 960.50 Mn | 10.07% |
| 5 | Comcast | 86.88 Bn | 52.67 Bn | - | 11.77% |
| 6 | Chunghwa Telecom | 37.85 Bn | 29.87 Bn | 728.80 Mn | 18.36% |
| 7 | Vodafone Group Public | 37.59 Bn | 6.99 Bn | - | - |
| 8 | EchoStar | 29.03 Bn | 10.06 Bn | 647.20 Mn | 246.74% |
| 9 | Bce | 19.91 Bn | 17.91 Bn | 2.79 Bn | 10.19% |
| 10 | Telefonica Brasil | 18.64 Bn | 12.66 Bn | 1.42 Bn | 9.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.65% |
| Jun 30, 2026 | 14.55% |
| Mar 31, 2026 | 12.04% |
| Dec 31, 2025 | 11.21% |
| Sep 30, 2025 | 30.21% |
| Jun 30, 2025 | 14.47% |
| Mar 31, 2025 | 14.35% |
| Dec 31, 2024 | 12.48% |
| Sep 30, 2024 | -0.75% |
| Jun 30, 2024 | 11.90% |
| Mar 31, 2024 | 11.31% |
| Dec 31, 2023 | 6.67% |
| Sep 30, 2023 | 11.35% |
| Jun 30, 2023 | 14.83% |
| Mar 31, 2023 | 13.86% |
| Dec 31, 2022 | -75.20% |
| Sep 30, 2022 | 19.89% |
| Jun 30, 2022 | 13.85% |
| Mar 31, 2022 | 16.03% |
| Dec 31, 2021 | 16.05% |
API Access
At&T Net 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=net-margin&ticker=T&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "T", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=T&period=max&api_key=YOUR_API_KEY");
const data = await res.json();