Telephone & Data Systems (TDS) Operating Margin (2009 - 2026)
Telephone & Data Systems (TDS) posted Operating Margin of 120.67% for Q2 2026, up 124.79 percentage points from -4.12% a year earlier and up 74.20 percentage points from the prior quarter.
Telephone & Data Systems (TDS) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Telephone & Data Systems was 37.03%, up 51.81 percentage points year-over-year; for FY2025, it came in at -7.93%, up 6.82 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of -12.89 percentage points (FY2020 to FY2025).
- In prior years, Telephone & Data Systems' Operating Margin was -14.75% in FY2024 (+35.62 pp), -50.37% in FY2023 (-52.62 pp), 2.25% in FY2022 (-2.64 pp) and 4.90% in FY2021 (-0.06 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin in data going back to Q2 2009.
- On a year-over-year basis, Operating Margin increased in three of the last seven quarters, with an average year-over-year change of +18.90 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q2 2026, with a gain of 124.79 percentage points; the weakest was Q3 2024, with a drop of 49.47 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 46.48% (Q1 2026), 5.09% (Q4 2025) and -22.03% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 185.18 Bn | 148.31 Bn | 27.03 Bn | 20.96% |
| 2 | T-Mobile US | 170.25 Bn | 155.00 Bn | 14.76 Bn | 24.09% |
| 3 | At&T | 162.35 Bn | 94.31 Bn | 25.82 Bn | 22.30% |
| 4 | Grupo Televisa, S.A.B | 149.53 Bn | 141.26 Bn | 318.12 Mn | 11.00% |
| 5 | Comcast | 79.50 Bn | 43.56 Bn | - | 17.23% |
| 6 | Vodafone Group Public | 38.13 Bn | 7.53 Bn | - | - |
| 7 | Chunghwa Telecom | 36.93 Bn | 28.95 Bn | 728.80 Mn | 21.61% |
| 8 | EchoStar | 25.06 Bn | 16.15 Bn | 1.65 Bn | 14.34% |
| 9 | Telefonica Brasil | 20.65 Bn | 14.67 Bn | 1.42 Bn | 16.48% |
| 10 | Telephone & Data Systems | 3.90 Bn | -1.36 Bn | 179.96 Mn | 120.67% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 120.67% |
| Mar 31, 2026 | 46.48% |
| Dec 31, 2025 | 5.09% |
| Sep 30, 2025 | -22.03% |
| Jun 30, 2025 | -4.12% |
| Mar 31, 2025 | -11.68% |
| Dec 31, 2024 | 5.71% |
| Sep 30, 2024 | -45.72% |
| Jun 30, 2024 | 3.15% |
| Mar 31, 2024 | 5.31% |
| Sep 30, 2023 | 3.76% |
| Jun 30, 2023 | 2.60% |
| Mar 31, 2023 | 2.23% |
| Dec 31, 2022 | -1.84% |
| Sep 30, 2022 | -0.79% |
| Jun 30, 2022 | 4.67% |
| Mar 31, 2022 | 7.22% |
| Dec 31, 2021 | 1.75% |
| Sep 30, 2021 | 5.20% |
| Jun 30, 2021 | 4.42% |
Telephone & Data Systems Operating 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=operating-margin&ticker=TDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=TDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();