T-Mobile US (TMUS) Net Margin (2009 - 2026)
T-Mobile US (TMUS) reported Net Margin of 14.65% for Q3 2026, up 2.29 percentage points from 12.36% a year earlier and up 0.44 percentage points from the prior quarter.
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Analysis
T-Mobile US (TMUS) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, T-Mobile US's Net Margin came in at 12.05%, down 1.78 percentage points year-over-year; for FY2025, it was 12.45%, down 1.48 percentage points from FY2024.
- Net Margin has a five-year change of +7.97 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 13.93% in FY2024 (+3.34 pp), 10.59% in FY2023 (+7.33 pp), 3.25% in FY2022 (-0.52 pp) and 3.77% in FY2021 (-0.71 pp).
- The Q3 2026 figure ranks as the highest quarterly Net Margin since Q2 2025.
- Year over year, Net Margin gained in four of the last eight quarters, with an average year-over-year change of -0.45 percentage points.
- The high point for year-over-year Net Margin in five years was Q2 2023 (a gain of 12.12 percentage points); the low point was Q2 2022 (a drop of 5.45 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 14.21% (Q2 2026), 10.84% (Q1 2026) and 8.64% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 189.57 Bn | 155.91 Bn | 27.05 Bn | 15.15% |
| 2 | T-Mobile US | 177.30 Bn | 159.74 Bn | 15.13 Bn | 14.65% |
| 3 | At&T | 148.15 Bn | 89.61 Bn | 26.22 Bn | 2.65% |
| 4 | Grupo Televisa, S.A.B | 144.51 Bn | 136.19 Bn | - | - |
| 5 | Comcast | 85.95 Bn | 51.75 Bn | - | 11.77% |
| 6 | Chunghwa Telecom | 37.94 Bn | 30.67 Bn | - | - |
| 7 | Vodafone Group Public | 37.58 Bn | 6.97 Bn | - | - |
| 8 | EchoStar | 30.20 Bn | 11.24 Bn | 647.20 Mn | 246.74% |
| 9 | Bce | 20.05 Bn | 20.05 Bn | - | 9.97% |
| 10 | Telefonica Brasil | 18.66 Bn | 13.32 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.65% |
| Jun 30, 2026 | 14.21% |
| Mar 31, 2026 | 10.84% |
| Dec 31, 2025 | 8.64% |
| Sep 30, 2025 | 12.36% |
| Jun 30, 2025 | 15.25% |
| Mar 31, 2025 | 14.14% |
| Dec 31, 2024 | 13.63% |
| Sep 30, 2024 | 15.17% |
| Jun 30, 2024 | 14.79% |
| Mar 31, 2024 | 12.12% |
| Dec 31, 2023 | 9.83% |
| Sep 30, 2023 | 11.13% |
| Jun 30, 2023 | 11.57% |
| Mar 31, 2023 | 9.88% |
| Dec 31, 2022 | 7.29% |
| Sep 30, 2022 | 2.61% |
| Jun 30, 2022 | -0.55% |
| Mar 31, 2022 | 3.54% |
| Dec 31, 2021 | 2.03% |
API Access
T-Mobile US Net 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=net-margin&ticker=TMUS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=TMUS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();