T-Mobile US (TMUS) Operating Margin (2009 - 2026)
T-Mobile US's (TMUS) quarterly Operating Margin came in at 24.09% in Q2 2026, down 58.0% year-over-year from 57.35% in Q2 2025, and up 23.77% quarter-over-quarter from 19.46% in Q1 2026.
Analysis
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 24.09% for Q2 2026.
- In Q2 2026, Operating Margin fell 58.0% year-over-year to 24.09%; the TTM figure through Jun 2026 stood at 19.8% (down 328.0% YoY), while the FY2025 annual figure was 20.7%, down 143.0% from the prior year.
- Operating Margin came in at 24.09% for Q2 2026 at T-Mobile US, up from 19.46% 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.
- Average Operating Margin over 5 years is 17.84%, with a median of 19.61% recorded in 2023.
- Year-over-year, Operating Margin slumped 696 bps in 2022 and surged 1616 bps in 2023.
- Over 5 years, 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 soared by 57 bps to 24.09% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 24.09% in Q2 2026, 19.46% in Q1 2026, and 15.35% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 208.28 Bn | 207.80 Bn | 27.03 Bn | 20.96% |
| 2 | T-Mobile US | 195.10 Bn | 192.28 Bn | 17.74 Bn | 24.09% |
| 3 | At&T | 175.90 Bn | 174.32 Bn | 25.25 Bn | 22.30% |
| 4 | Chunghwa Telecom | 34.00 Bn | 31.91 Bn | 728.80 Mn | 21.61% |
| 5 | Rogers Communications | 20.60 Bn | 23.90 Bn | 1.77 Bn | 39.73% |
| 6 | Telefonica Brasil | 18.63 Bn | 16.94 Bn | 1.42 Bn | 16.48% |
| 7 | Telus | 14.98 Bn | 14.45 Bn | - | -15.81% |
| 8 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 14.67 Bn | -40,057.33 Bn | - | - |
| 9 | Bce | 14.36 Bn | 14.24 Bn | - | - |
| 10 | Kt | 9.55 Bn | 12.24 Bn | - | 4.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.09% |
| 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% |