Telephone & Data Systems (TDS) Gross Margin (2009 - 2026)
Telephone & Data Systems (TDS) recorded Gross Margin of 58.19% in Q2 2026, down 0.98 percentage points from 59.17% a year earlier and down 1.59 percentage points from the prior quarter.
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Analysis
Telephone & Data Systems (TDS) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Telephone & Data Systems' Gross Margin came in at 59.35% as of Jun 30, 2026, up 3.10 percentage points year-over-year; for FY2025, it was 59.02%, up 4.53 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +4.08 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 54.49% in FY2024 (+5.31 pp), 49.18% in FY2023 (-3.44 pp), 52.61% in FY2022 (-1.00 pp) and 53.61% in FY2021 (-1.34 pp).
- The Q2 2026 figure is the lowest quarterly Gross Margin since Q1 2025.
- On a year-over-year basis, Gross Margin rose in four of the last seven quarters, with an average year-over-year change of +1.42 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 6.14 percentage points in Q3 2023, against a drop of 4.64 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 59.77% (Q1 2026), 61.02% (Q4 2025) and 58.31% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 187.96 Bn | 151.08 Bn | 27.03 Bn | 78.91% |
| 2 | T-Mobile US | 171.69 Bn | 156.43 Bn | 14.76 Bn | 64.75% |
| 3 | At&T | 155.30 Bn | 96.77 Bn | 26.22 Bn | 81.13% |
| 4 | Grupo Televisa, S.A.B | 149.53 Bn | 141.26 Bn | 318.12 Mn | 38.75% |
| 5 | Comcast | 81.24 Bn | 45.31 Bn | - | - |
| 6 | Vodafone Group Public | 38.69 Bn | 8.09 Bn | - | - |
| 7 | Chunghwa Telecom | 37.96 Bn | 29.98 Bn | 728.80 Mn | 37.54% |
| 8 | EchoStar | 24.88 Bn | 15.97 Bn | 1.65 Bn | 46.08% |
| 9 | Telefonica Brasil | 21.09 Bn | 15.11 Bn | 1.42 Bn | 45.54% |
| 10 | Telephone & Data Systems | 3.99 Bn | -1.27 Bn | 179.96 Mn | 58.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 58.19% |
| Mar 31, 2026 | 59.77% |
| Dec 31, 2025 | 61.02% |
| Sep 30, 2025 | 58.31% |
| Jun 30, 2025 | 59.17% |
| Mar 31, 2025 | 57.36% |
| Dec 31, 2024 | 56.05% |
| Sep 30, 2024 | 52.78% |
| Jun 30, 2024 | 57.75% |
| Mar 31, 2024 | 57.92% |
| Sep 30, 2023 | 55.63% |
| Jun 30, 2023 | 55.17% |
| Mar 31, 2023 | 54.57% |
| Dec 31, 2022 | 51.22% |
| Sep 30, 2022 | 49.50% |
| Jun 30, 2022 | 54.04% |
| Mar 31, 2022 | 55.89% |
| Dec 31, 2021 | 51.17% |
| Sep 30, 2021 | 54.14% |
| Jun 30, 2021 | 54.23% |
API Access
Telephone & Data Systems Gross 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=gross-margin&ticker=TDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TDS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();