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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	74%+8.9pp	69.6%+0.8pp	65.9%-6.4pp	62.4%+8.1pp	65.1%+31.5pp
Net margin	62.6%+26.1pp	55.3%+17.4pp	46.8%+6.0pp	36.3%+12.3pp	36.4%+30.0pp
Efficiency
Asset turnover	1.2×0.0×	1.2×0.0×	1.2×0.0×	1.2×0.0×	1.2×0.0×
Liquidity
Current ratio	3.6×+0.8×	3.4×+0.7×	3.2×+0.4×	2.9×+0.1×	2.8×0.0×
Leverage
Net debt / EBITDA	12.8×-1.3×	13.1×-1.0×	13.6×-0.6×	14.2×-6.1×	14.2×-12.7×
Valuation
Market capitalization	$783.93B+18.4%	$784.52B+33.9%	$771.8B+42.1%	$728.18B+47.8%	$662.13B+41.0%
Price / earnings	42.5×-17.8×	50.2×-2.3×	57.1×+11.1×	65.5×—	60.3×—
Price / sales	6.3×+0.9×	6.3×+1.5×	6.3×+1.8×	5.9×+1.9×	5.4×+1.6×
EV / EBITDA	30.7×0.0×	31.7×+3.1×	32.3×+5.0×	32.5×-3.8×	30.7×-16.1×
Dividend yield	16.7%-3.5pp	16.8%-5.8pp	17.2%-7.1pp	18.3%-8.4pp	20.2%-7.6pp

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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.