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

At&T (T) has reported Operating Margin for 18 consecutive years, with 22.3% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin rose 123.0% year-over-year to 22.3% in Q2 2026; TTM through Jun 2026 was 20.12%, a 424.0% increase from a year earlier, with the FY2025 full-year figure at 19.23%, up 366.0% from the prior year.
• Operating Margin was 22.3% for Q2 2026 at At&T, up from 21.13% in the prior quarter.
• Over five years, Operating Margin peaked at 22.3% in Q2 2026 and troughed at 67.29% in Q4 2022.
• A 5-year average of 13.76% and a median of 19.19% in 2023 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin sank 8303 bps in 2022 and jumped 8375 bps in 2023, its largest moves.
• Over 5 years, Operating Margin stood at 67.29% in 2022, then jumped by 124 bps to 16.46% in 2023, then rose by 0 bps to 16.49% in 2024, then climbed by 5 bps to 17.3% in 2025, then gained by 29 bps to 22.3% in 2026.
• The last three Operating Margin figures came in at 22.3% (Q2 2026), 21.13% (Q1 2026), and 17.3% (Q4 2025), per Business Quant data.