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

At&T (T) has 18 years of Operating Margin data on file, last reported at 21.13% in Q1 2026.

• Operating Margin for Q1 2026 came in at 21.13%, up 234.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.81% (up 439.0% YoY), and the FY2025 annual result was 19.23%, up 366.0% from the prior year.
• Operating Margin grew to 21.13% in Q1 2026 per T's latest filing, from 17.3% in the prior quarter.
• Over five years, Operating Margin peaked at 21.41% in Q2 2023 and troughed at 67.29% in Q4 2022.
• A 5-year average of 13.26% and a median of 19.05% in 2023 frame the typical range for Operating Margin.
• The sharpest annual moves came in 2022 and 2023: Operating Margin plunged 8303 bps in 2022, then surged 8375 bps in 2023.
• A 5-year view of Operating Margin shows it stood at 67.29% in 2022, then surged by 124 bps to 16.46% in 2023, then gained by 0 bps to 16.49% in 2024, then grew by 5 bps to 17.3% in 2025, then climbed by 22 bps to 21.13% in 2026.
• Business Quant data shows T's Operating Margin at 21.13% in Q1 2026, 17.3% in Q4 2025, and 19.93% in Q3 2025.