T-Mobile US (TMUS) Gross Margin (2009 - 2026)
T-Mobile US (TMUS) posted Gross Margin of 64.75% for Q2 2026, down 0.34 percentage points from 65.10% a year earlier but up 2.95 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 Jun 30, 2026, Gross Margin at T-Mobile US was 62.19%, down 1.42 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 five quarters, with an average year-over-year change of -0.31 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 61.80% (Q1 2026), 57.79% (Q4 2025) and 64.81% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 184.93 Bn | 148.06 Bn | 27.03 Bn | 78.91% |
| 2 | T-Mobile US | 164.38 Bn | 149.12 Bn | 14.76 Bn | 64.75% |
| 3 | Grupo Televisa, S.A.B | 148.28 Bn | 140.01 Bn | 318.12 Mn | 38.75% |
| 4 | At&T | 146.78 Bn | 88.25 Bn | 26.22 Bn | 81.13% |
| 5 | Comcast | 80.32 Bn | 46.11 Bn | - | - |
| 6 | Vodafone Group Public | 37.70 Bn | 7.09 Bn | - | - |
| 7 | Chunghwa Telecom | 37.53 Bn | 29.54 Bn | 728.80 Mn | 37.54% |
| 8 | EchoStar | 25.90 Bn | 16.98 Bn | 1.65 Bn | 46.08% |
| 9 | Telefonica Brasil | 20.61 Bn | 14.63 Bn | 1.42 Bn | 45.54% |
| 10 | Bce | 19.12 Bn | 17.24 Bn | 3.38 Bn | 75.66% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 55.75% |
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();