T-Mobile US (TMUS) Net Margin (2009 - 2026)
T-Mobile US (TMUS) reported Net Margin of 14.21% for Q2 2026, down 1.04 percentage points from 15.25% a year earlier but up 3.38 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 Jun 30, 2026, T-Mobile US's Net Margin came in at 11.45%, down 3.08 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).
- Five-year quarterly Net Margin spans a low of -0.55% in Q2 2022 and a high of 15.25% in Q2 2025.
- Year over year, Net Margin has now declined in each of the last four quarters, with an average year-over-year change of -0.23 percentage points over the last eight quarters.
- 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 Q2 2026 came in at 10.84% (Q1 2026), 8.64% (Q4 2025) and 12.36% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 184.64 Bn | 147.77 Bn | 27.03 Bn | 11.20% |
| 2 | T-Mobile US | 169.16 Bn | 153.91 Bn | 14.76 Bn | 14.21% |
| 3 | At&T | 155.65 Bn | 87.61 Bn | 25.82 Bn | 14.55% |
| 4 | Grupo Televisa, S.A.B | 148.28 Bn | 140.01 Bn | 318.12 Mn | -3.48% |
| 5 | Comcast | 80.05 Bn | 44.11 Bn | - | 11.78% |
| 6 | Vodafone Group Public | 38.51 Bn | 7.91 Bn | - | - |
| 7 | Chunghwa Telecom | 37.69 Bn | 29.71 Bn | 728.80 Mn | 18.36% |
| 8 | EchoStar | 26.08 Bn | 17.17 Bn | 1.65 Bn | 236.63% |
| 9 | Telefonica Brasil | 20.99 Bn | 15.01 Bn | 1.42 Bn | 9.98% |
| 10 | Bce | 18.75 Bn | 16.87 Bn | 3.38 Bn | 9.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 3.52% |
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();