Tesla (TSLA) Operating Margin (2010 - 2026)

Tesla has disclosed Operating Margin across 17 years of filings, most recently posting 4.2% for Q1 2026.

• Operating Margin for Q1 2026 came in at 4.2%, up 214.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.0% (down 158.0% YoY), and the FY2025 annual result was 4.59%, down 265.0% from the prior year.
• Operating Margin came in at 4.2% for Q1 2026 at Tesla, down from 5.66% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 19.21% in Q1 2022 to a low of 2.06% in Q1 2025.
• The 5-year median for Operating Margin is 7.55% (2023), against an average of 9.08%.
• Across the five-year window, Operating Margin surged 1349 bps in 2022 and plunged 964 bps in 2023, its largest moves.
• Tesla's Operating Margin stood at 16.04% in 2022, then plunged by 49 bps to 8.2% in 2023, then decreased by 25 bps to 6.16% in 2024, then dropped by 8 bps to 5.66% in 2025, then fell by 26 bps to 4.2% in 2026.
• The last three Operating Margin figures came in at 4.2% (Q1 2026), 5.66% (Q4 2025), and 5.78% (Q3 2025), per Business Quant data.