Tesla (TSLA) Net Margin (2010 - 2026)

Tesla (TSLA) posted Net Margin of 3.99% for Q2 2026, up 82.15% sequentially from 2.19% in Q1 2026, and down 129.0% YoY from 13.78% in Q2 2025.

Tesla (TSLA) Net Margin (2010 - 2026) Analysis & Trends

Tesla has reported Net Margin for 17 years, with the latest figure at 3.99% in Q2 2026.

Quarterly Net Margin fell 129.0% year-over-year to 3.99% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 3.73% (down 268.0% YoY) and the FY2025 annual result came in at 4.07%, down 325.0% from the prior year.
Net Margin grew to 3.99% in Q2 2026 per TSLA's latest filing, from 2.19% in the prior quarter.
Over five years, Net Margin peaked at 31.56% in Q4 2023 and troughed at 2.17% in Q1 2025.
A 5-year average of 9.66% and a median of 8.18% in 2023 frame the typical range for Net Margin.
The sharpest annual moves came in 2023 and 2024: Net Margin soared 1632 bps in 2023, then slumped 2324 bps in 2024.
Over 5 years, Net Margin stood at 15.24% in 2022, then jumped by 107 bps to 31.56% in 2023, then tumbled by 74 bps to 8.32% in 2024, then slumped by 59 bps to 3.44% in 2025, then gained by 16 bps to 3.99% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 3.99%, 2.19%, and 3.44% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Tesla	1,042.09 Bn	998.56 Bn	4.75 Bn	3.99%
2	Toyota Motor	242.42 Bn	108.20 Bn	12.27 Bn	12.16%
3	Honda Motor	122.32 Bn	88.11 Bn	-34.06 Bn	-827.87%
4	Ford Motor	81.57 Bn	50.24 Bn	6.08 Bn	-2.75%
5	General Motors	80.05 Bn	55.33 Bn	7.33 Bn	2.68%
6	Li Auto	26.01 Bn	12.56 Bn	262.11 Mn	-9.96%
7	Xpeng	22.52 Bn	19.98 Bn	388.90 Mn	-13.69%
8	Rivian Automotive	20.71 Bn	15.40 Bn	179.00 Mn	-50.24%
9	Stellantis	16.33 Bn	-25.12 Bn	5.55 Bn	0.61%
10	Nio	11.59 Bn	7.00 Bn	704.43 Mn	-1.94%

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