Tesla (TSLA) Operating Margin (2010 - 2026)
Tesla's (TSLA) quarterly Operating Margin came in at 1.41% in Q2 2026, down 269.0% year-over-year from 0.83% in Q2 2025, and down 66.47% quarter-over-quarter from 4.2% in Q1 2026.
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Analysis
Tesla (TSLA) Operating Margin (2010 - 2026) Analysis & Trends
Tesla has disclosed Operating Margin across 17 years of filings, most recently posting 1.41% for Q2 2026.
- In Q2 2026, Operating Margin fell 269.0% year-over-year to 1.41%; the TTM figure through Jun 2026 stood at 4.22% (down 184.0% YoY), while the FY2025 annual figure was 4.59%, down 265.0% from the prior year.
- Operating Margin came in at 1.41% for Q2 2026 at Tesla, down from 4.2% 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 1.41% in Q2 2026.
- Average Operating Margin over 5 years is 8.65%, with a median of 6.92% recorded in 2024.
- Year-over-year, Operating Margin soared 1349 bps in 2022 and tumbled 964 bps in 2023.
- Over 5 years, Operating Margin stood at 16.04% in 2022, then slumped 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 slumped by 75 bps to 1.41% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 1.41% in Q2 2026, 4.2% in Q1 2026, and 5.66% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,226.50 Bn | 1,183.58 Bn | 4.75 Bn | 1.41% |
| 2 | Toyota Motor | 250.64 Bn | 172.66 Bn | 12.27 Bn | 8.76% |
| 3 | Ferrari | 153.43 Bn | 151.68 Bn | 1.18 Bn | 31.22% |
| 4 | Honda Motor | 147.05 Bn | 108.59 Bn | 8.46 Bn | 8.76% |
| 5 | General Motors | 73.24 Bn | 50.16 Bn | 7.33 Bn | 3.04% |
| 6 | Ford Motor | 51.31 Bn | 20.01 Bn | 6.08 Bn | 1.32% |
| 7 | Rivian Automotive | 20.62 Bn | 15.33 Bn | 179.00 Mn | -50.42% |
| 8 | Magna International | 17.88 Bn | 16.79 Bn | 1.61 Bn | 12.19% |
| 9 | Stellantis | 14.02 Bn | -29.10 Bn | 5.55 Bn | 1.61% |
| 10 | Li Auto | 11.82 Bn | -670.23 Mn | 417.98 Mn | -8.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.41% |
| 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% |
API Access
Tesla Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=TSLA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "TSLA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=TSLA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();