Tesla (TSLA) Operating Margin (2010 - 2026)
Tesla recorded quarterly Operating Margin of 4.2% in Q1 2026, down 25.72% quarter-over-quarter from 5.66% in Q4 2025, and up 214.0% year-over-year from 1.34% in Q1 2025.
Tesla's Operating Margin history runs 17 years deep, the most recent figure standing at 4.2% for Q1 2026.
- In Q1 2026, Operating Margin rose 214.0% year-over-year to 4.2%; the TTM figure through Mar 2026 stood at 5.0% (down 158.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 9.08% and a median of 7.55% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin soared 1349 bps in 2022 and tumbled 964 bps in 2023, its largest moves.
- Tesla's Operating Margin stood at 16.04% in 2022, then tumbled by 49 bps to 8.2% in 2023, then slipped by 25 bps to 6.16% in 2024, then declined by 8 bps to 5.66% in 2025, then retreated by 26 bps to 4.2% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 4.2%, 5.66%, and 5.78% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,345.47 Bn | 1,300.79 Bn | 4.72 Bn | 4.20% |
| 2 | General Motors | 75.49 Bn | 53.10 Bn | 4.32 Bn | 7.44% |
| 3 | Ferrari | 72.44 Bn | 70.64 Bn | - | - |
| 4 | Ford Motor | 66.63 Bn | 36.17 Bn | 7.94 Bn | 5.38% |
| 5 | Stellantis | 29.57 Bn | -7.31 Bn | 5.19 Bn | 1.80% |
| 6 | Rivian Automotive | 21.06 Bn | 16.25 Bn | 119.00 Mn | -63.79% |
| 7 | China Yuchai International | 16.90 Bn | 15.88 Bn | 317.01 Mn | 3.98% |
| 8 | VinFast Auto | 8.12 Bn | 11.12 Bn | - | - |
| 9 | Xpeng | 4.61 Bn | 1.71 Bn | - | - |
| 10 | Li Auto | 4.13 Bn | -4.66 Bn | 733.67 Mn | -1.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.20% |
| Dec 31, 2025 | 5.66% |
| Sep 30, 2025 | 5.78% |
| Jun 30, 2025 | 4.10% |
| Mar 31, 2025 | 2.06% |
| Dec 31, 2024 | 6.16% |
| Sep 30, 2024 | 10.79% |
| Jun 30, 2024 | 6.29% |
| Mar 31, 2024 | 5.50% |
| Dec 31, 2023 | 8.20% |
| Sep 30, 2023 | 7.55% |
| Jun 30, 2023 | 9.62% |
| Mar 31, 2023 | 11.42% |
| Dec 31, 2022 | 16.04% |
| Sep 30, 2022 | 17.19% |
| Jun 30, 2022 | 14.55% |
| Mar 31, 2022 | 19.21% |
| Dec 31, 2021 | 14.75% |
| Sep 30, 2021 | 14.57% |
| Jun 30, 2021 | 10.97% |
| Mar 31, 2021 | 5.72% |
| Dec 31, 2020 | 5.35% |
| Sep 30, 2020 | 9.22% |
| Jun 30, 2020 | 5.42% |
| Mar 31, 2020 | 4.73% |
| Dec 31, 2019 | 4.86% |
| Sep 30, 2019 | 4.14% |
| Jun 30, 2019 | -2.63% |
| Mar 31, 2019 | -11.50% |
| Dec 31, 2018 | 5.73% |
| Sep 30, 2018 | 6.10% |
| Jun 30, 2018 | -15.53% |
| Mar 31, 2018 | -17.51% |
| Dec 31, 2017 | -18.19% |
| Sep 30, 2017 | -17.94% |
| Jun 30, 2017 | -11.96% |
| Mar 31, 2017 | -12.66% |
| Dec 31, 2016 | 81.09% |
| Sep 30, 2016 | 3.73% |
| Jun 30, 2016 | -18.74% |
| Mar 31, 2016 | -21.64% |
| Dec 31, 2015 | 12.34% |
| Sep 30, 2015 | -19.61% |
| Jun 30, 2015 | -17.82% |
| Mar 31, 2015 | -10.90% |
| Dec 31, 2014 | -7.82% |
| Sep 30, 2014 | -4.59% |
| Jun 30, 2014 | -3.74% |
| Mar 31, 2014 | -7.09% |
| Dec 31, 2013 | -2.17% |
| Sep 30, 2013 | -7.08% |
| Jun 30, 2013 | -2.91% |
| Mar 31, 2013 | -0.99% |
| Dec 31, 2012 | 55.07% |
| Sep 30, 2012 | -216.47% |
| Jun 30, 2012 | -398.36% |
| Mar 31, 2012 | -294.24% |
| Dec 31, 2011 | 213.91% |
| Sep 30, 2011 | -111.81% |
| Jun 30, 2011 | -100.98% |
| Mar 31, 2011 | -96.57% |
| Dec 31, 2010 | 117.90% |
| Sep 30, 2010 | -121.10% |
| Jun 30, 2010 | -110.41% |