Telecom Argentina (TCMFF) Operating Margin (2009 - 2025)

Telecom Argentina has disclosed Operating Margin across 10 years of filings, most recently posting 8.03% for Q3 2025.

• In Q3 2025, Operating Margin rose 1176.0% year-over-year to 8.03%; the TTM figure through Sep 2025 stood at 4.19% (up 945.0% YoY), while the FY2024 annual figure was 3.54%, up 253.0% from the prior year.
• Operating Margin advanced to 8.03% in Q3 2025, from 3.0% in the prior quarter.
• Over the last five years, Operating Margin for TCMFF reached as high as 1070950.47% in Q1 2022 and fell as low as 4273630823538.81% in Q4 2021.
• The 5-year median for Operating Margin is 3.74% (2024), against an average of 224927881728.52%.
• Annual changes were most pronounced in 2022 — Operating Margin soared 2000000000 bps — and 2023, when it slumped 107095191 bps.
• A 5-year view of Operating Margin shows it stood at 4273630823538.81% in 2021, then soared by 100 bps to 38.21% in 2022, then jumped by 80 bps to 7.64% in 2023, then surged by 61 bps to 2.99% in 2024, then jumped by 369 bps to 8.03% in 2025.
• According to Business Quant data, Operating Margin over the past three periods registered 8.03%, 3.0%, and 6.2% for Q3 2025, Q2 2025, and Q1 2025 respectively.