T-Mobile US (TMUS) Operating Margin (2009 - 2026)
T-Mobile US (TMUS) posted Operating Margin of 24.09% for Q2 2026, up 23.77% sequentially from 19.46% in Q1 2026, and down 58.0% YoY from 57.35% in Q2 2025.
T-Mobile US (TMUS) Operating Margin (2009 - 2026) Analysis & Trends
T-Mobile US has reported Operating Margin for 18 years, with the latest figure at 24.09% in Q2 2026.
- Quarterly Operating Margin fell 58.0% year-over-year to 24.09% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 19.8% (down 328.0% YoY) and the FY2025 annual result came in at 20.7%, down 143.0% from the prior year.
- Operating Margin improved to 24.09% in Q2 2026 per TMUS's latest filing, from 19.46% in the prior quarter.
- Over five years, Operating Margin peaked at 24.67% in Q2 2025 and troughed at 3.6% in Q2 2022.
- A 5-year average of 17.84% and a median of 19.61% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 696 bps in 2022, then soared 1616 bps in 2023.
- Over 5 years, Operating Margin stood at 13.55% in 2022, then rose by 25 bps to 16.99% in 2023, then gained by 23 bps to 20.97% in 2024, then decreased by 27 bps to 15.35% in 2025, then surged by 57 bps to 24.09% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 24.09%, 19.46%, and 15.35% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 205.36 Bn | 203.61 Bn | 27.03 Bn | 20.96% |
| 2 | T-Mobile US | 196.43 Bn | 193.61 Bn | 17.74 Bn | 24.09% |
| 3 | Grupo Televisa, S.A.B | 190.22 Bn | 188.51 Bn | 318.12 Mn | 40.18% |
| 4 | At&T | 174.94 Bn | 157.37 Bn | 25.25 Bn | 22.30% |
| 5 | Chunghwa Telecom | 33.60 Bn | 31.03 Bn | 728.80 Mn | 21.61% |
| 6 | EchoStar | 25.24 Bn | 23.74 Bn | 1.65 Bn | 14.34% |
| 7 | Bce | 22.16 Bn | 22.16 Bn | - | - |
| 8 | Rogers Communications | 19.61 Bn | 18.36 Bn | 1.77 Bn | 39.73% |
| 9 | Telefonica Brasil | 18.11 Bn | 18.11 Bn | 1.32 Bn | 51.43% |
| 10 | Charter Communications | 17.77 Bn | 17.26 Bn | - | 22.65% |
Historic Data
Download 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% |