What are AT&T's profit margins?

AT&T (T) runs a 93.0% gross margin and a 19.8% operating margin, with a 16.9% net margin.

Where do AT&T's ratios come from?

Every ratio is computed from AT&T's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

AT&T T Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	19.8%+0.6pp	19.2%+0.2pp	19%+3.2pp	15.9%+0.5pp	15.4%-0.2pp
Net margin	16.9%-0.5pp	17.5%-0.4pp	17.9%+7.6pp	10.3%+0.6pp	9.6%+0.7pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Liquidity
Current ratio	0.9×0.0×	0.9×-0.1×	1×+0.2×	0.8×+0.1×	0.7×0.0×
Leverage
Net debt / EBITDA	3.2×0.0×	3.1×+0.1×	3.1×-0.4×	3.4×0.0×	3.4×-0.2×
Valuation
Market capitalization	$202.41B+14.9%	$176.1B-12.8%	$201.93B-0.8%	$203.49B+0.2%	$203B+24.2%
Price / earnings	9.4×+1.4×	8×-1.1×	9.1×-6.9×	16×-1.2×	17.1×+2.2×
Price / sales	1.6×+0.2×	1.4×-0.2×	1.6×0.0×	1.6×0.0×	1.7×+0.3×
EV / EBITDA	7.6×+0.5×	7.1×-0.5×	7.6×-0.9×	8.5×-0.1×	8.6×+0.8×
Dividend yield	4%-0.7pp	4.6%+0.6pp	4.1%0.0pp	4%0.0pp	4.1%-1.0pp

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Questions, answered.

What are AT&T's profit margins?: AT&T (T) runs a 93.0% gross margin and a 19.8% operating margin, with a 16.9% net margin.
Where do AT&T's ratios come from?: Every ratio is computed from AT&T's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.