T-Mobile US (TMUS) Operating Margin (2009 - 2026)
T-Mobile US's (TMUS) quarterly Operating Margin came in at 19.46% in Q1 2026, down 352.0% year-on-year from 7.72% in Q1 2025, and up 26.76% quarter-over-quarter from 15.35% in Q4 2025.
T-Mobile US (TMUS) Operating Margin (2009 - 2026) Analysis & Trends
T-Mobile US has disclosed Operating Margin across 18 years of filings, most recently posting 19.46% for Q1 2026.
- Operating Margin for Q1 2026 came in at 19.46%, down 352.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.86% (down 289.0% YoY), and the FY2025 annual result was 20.7%, down 143.0% from the prior year.
- Operating Margin came in at 19.46% for Q1 2026 at T-Mobile US, up from 15.35% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 24.67% in Q2 2025 to a low of 3.6% in Q2 2022.
- The 5-year median for Operating Margin is 19.46% (2026), against an average of 17.48%.
- Across the five-year window, Operating Margin tumbled 696 bps in 2022 and jumped 1616 bps in 2023, its largest moves.
- T-Mobile US's Operating Margin stood at 13.55% in 2022, then grew by 25 bps to 16.99% in 2023, then increased by 23 bps to 20.97% in 2024, then fell by 27 bps to 15.35% in 2025, then climbed by 27 bps to 19.46% in 2026.
- The last three Operating Margin figures came in at 19.46% (Q1 2026), 15.35% (Q4 2025), and 20.63% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bce | 382.57 Bn | 381.58 Bn | - | - |
| 2 | T-Mobile US | 195.94 Bn | 192.42 Bn | 17.62 Bn | 19.46% |
| 3 | Verizon Communications | 190.78 Bn | 183.73 Bn | 27.94 Bn | 23.93% |
| 4 | At&T | 159.64 Bn | 149.68 Bn | 25.25 Bn | 21.13% |
| 5 | Telefonica Brasil | 146.21 Bn | 144.47 Bn | 1.32 Bn | 15.03% |
| 6 | America Movil Sab De Cv | 128.31 Bn | 126.27 Bn | 10.13 Bn | 21.33% |
| 7 | Chunghwa Telecom | 109.39 Bn | 107.21 Bn | 719.92 Mn | 21.85% |
| 8 | Millicom International Cellular | 106.22 Bn | 104.67 Bn | - | 20.96% |
| 9 | Veon | 82.81 Bn | 80.59 Bn | - | 25.48% |
| 10 | EchoStar | 33.61 Bn | 33.48 Bn | 3.13 Bn | 10.71% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.46% |
| Dec 31, 2025 | 15.35% |
| Sep 30, 2025 | 20.63% |
| Jun 30, 2025 | 24.67% |
| Mar 31, 2025 | 22.98% |
| Dec 31, 2024 | 20.97% |
| Sep 30, 2024 | 23.79% |
| Jun 30, 2024 | 23.42% |
| Mar 31, 2024 | 20.40% |
| Dec 31, 2023 | 16.99% |
| Sep 30, 2023 | 18.68% |
| Jun 30, 2023 | 19.76% |
| Mar 31, 2023 | 17.30% |
| Dec 31, 2022 | 13.55% |
| Sep 30, 2022 | 6.58% |
| Jun 30, 2022 | 3.60% |
| Mar 31, 2022 | 8.98% |
| Dec 31, 2021 | 5.11% |
| Sep 30, 2021 | 8.07% |
| Jun 30, 2021 | 10.56% |