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AT&T T Operating margin

Operating margin at other companies

Lumen Technologies logo
Lumen TechnologiesLUMN
-2.6%-6.6pp
Motorola Solutions, Inc. logo
Motorola Solutions, Inc.MSI
24.7%-0.4pp
Digital Turbine logo
Digital TurbineAPPS
6%+3.7pp
Shenandoah Telecom logo
Shenandoah TelecomSHEN
-5.3%-1.1pp
Verizon Communications logo
Verizon CommunicationsVZ
20.5%-1.0pp
SBA Communications logo
SBA CommunicationsSBAC
47.3%-6.6pp

Other financials

Income statement

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Revenue$31.6B+2.3%
Operating income$7.0B+8.3%
Net income$4.6B+2.8%
EPS (diluted)$0.66+6.5%

Balance sheet

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Cash & equivalents$17.6B+67.3%
Total debt$162.89B+8.5%
Total assets$428.36B+5.6%

Cash flow

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Operating cash flow$10.8B+10.6%
CapEx$5.7B+16.4%
Free cash flow$5.1B+4.8%

Valuation

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Market cap$159.32B-19.5%
Enterprise value$304.64B-9.7%
P/E7.4×-8.1×
P/S1.3×-0.3×

Profitability

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Gross margin93%
Net margin16.9%+6.7pp
FCF margin13.9%-2.0pp

Returns & leverage

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Current ratio+0.2×

Where this comes from

Calculated from AT&T’s reported figures.

Based on trailing twelve months.

The source filing: AT&T’s 10-Q, filed July 22, 2026. Open the filing →

Filed
Jul 22, 2026, 4:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000732717-26-000297

FAQ

What is AT&T's operating margin?
AT&T (T) reported operating margin of 20.1% in Q2 2026.
How has AT&T's operating margin changed year-over-year?
AT&T's operating margin increased by 26.7% year-over-year, from 15.9% to 20.1%.
What is the long-term trend for AT&T's operating margin?
Over 4 years (2021 to 2025), AT&T's operating margin has grown at a -0.1% compound annual growth rate (CAGR), from 19.3% to 19.2%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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