Tesla (TSLA) Operating Margin (2009 - 2025)

Tesla has disclosed Operating Margin across 17 years of filings, most recently posting 4.59% for FY2025.

• 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 4.59% for FY2025 at Tesla, down from 7.24% in the prior year.
• In the past five years, Operating Margin ranged from a high of 16.76% in FY2022 to a low of 4.59% in FY2025.
• The 5-year median for Operating Margin is 9.19% (2023), against an average of 9.98%.
• Across the five-year window, Operating Margin soared 580 bps in 2021 and slumped 758 bps in 2023, its largest moves.
• Tesla's Operating Margin stood at 12.12% in 2021, then jumped by 38 bps to 16.76% in 2022, then tumbled by 45 bps to 9.19% in 2023, then slipped by 21 bps to 7.24% in 2024, then plunged by 37 bps to 4.59% in 2025.
• The last three Operating Margin figures came in at 4.59% (FY2025), 7.24% (FY2024), and 9.19% (FY2023), per Business Quant data.