T-Mobile US (TMUS) Gross Margin (2009 - 2026)
T-Mobile US (TMUS) posted Gross Margin of 64.17% for Q3 2026, down 0.65 percentage points from 64.81% a year earlier and down 0.59 percentage points from the prior quarter.
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Analysis
T-Mobile US (TMUS) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Gross Margin at T-Mobile US was 62.07%, down 1.48 percentage points year-over-year; for FY2025, it came in at 62.89%, down 0.68 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +4.21 percentage points (FY2020 to FY2025).
- In prior years, T-Mobile US's Gross Margin was 63.57% in FY2024 (+2.00 pp), 61.57% in FY2023 (+7.07 pp), 54.50% in FY2022 (+0.19 pp) and 54.31% in FY2021 (-4.36 pp).
- Quarterly Gross Margin has run from a low of 49.71% in Q4 2021 to a high of 65.85% in Q2 2024 over five years.
- On a year-over-year basis, Gross Margin has declined in each of the last six quarters, with an average year-over-year change of -0.66 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q2 2023, with a gain of 10.05 percentage points; the weakest was Q1 2022, with a drop of 4.93 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 64.75% (Q2 2026), 61.80% (Q1 2026) and 57.79% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 192.19 Bn | 159.83 Bn | 27.05 Bn | 78.83% |
| 2 | T-Mobile US | 180.63 Bn | 163.07 Bn | 15.13 Bn | 64.17% |
| 3 | At&T | 149.48 Bn | 106.93 Bn | 26.22 Bn | 81.13% |
| 4 | Grupo Televisa, S.A.B | 138.76 Bn | 131.89 Bn | 960.50 Mn | 117.66% |
| 5 | Comcast | 89.06 Bn | 55.02 Bn | - | - |
| 6 | Chunghwa Telecom | 38.69 Bn | 31.18 Bn | 728.80 Mn | 37.54% |
| 7 | Vodafone Group Public | 37.39 Bn | 5.63 Bn | - | - |
| 8 | EchoStar | 29.07 Bn | 10.15 Bn | 647.20 Mn | 57.40% |
| 9 | Bce | 19.98 Bn | 18.22 Bn | 11.61 Bn | 87.73% |
| 10 | Telefonica Brasil | 19.21 Bn | 13.23 Bn | 1.42 Bn | 45.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 64.17% |
| Jun 30, 2026 | 64.75% |
| Mar 31, 2026 | 61.80% |
| Dec 31, 2025 | 57.79% |
| Sep 30, 2025 | 64.81% |
| Jun 30, 2025 | 65.10% |
| Mar 31, 2025 | 64.57% |
| Dec 31, 2024 | 59.83% |
| Sep 30, 2024 | 65.14% |
| Jun 30, 2024 | 65.85% |
| Mar 31, 2024 | 63.83% |
| Dec 31, 2023 | 58.98% |
| Sep 30, 2023 | 62.94% |
| Jun 30, 2023 | 63.51% |
| Mar 31, 2023 | 61.04% |
| Dec 31, 2022 | 57.23% |
| Sep 30, 2022 | 55.36% |
| Jun 30, 2022 | 53.46% |
| Mar 31, 2022 | 51.92% |
| Dec 31, 2021 | 49.71% |
API Access
T-Mobile US 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=TMUS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TMUS", "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=TMUS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();