What are Telephone and Data Systems's profit margins?

Gross margin is 77.2% and operating margin is 3.8%, with a 6.5% net margin.

Where does Telephone and Data Systems's income statement data come from?

Every line is extracted from Telephone and Data Systems's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Telephone and Data Systems TDS Income Statement

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
Total revenue	$2.13B+0.9%	$2.12B+1.7%	$2.08B-0.9%	$2.1B-2.4%	$2.15B-31.1%
Total cost of revenue	——	——	——	——	——
Selling, general and administrative	$733.75M-1.8%	$747.46M-1.6%	$759.61M-1.3%	$769.98M-0.6%	$774.98M-28.4%
Depreciation and amortization	$503.48M+0.3%	$501.87M+1.0%	$496.89M+2.2%	$486.03M+0.6%	$483.03M-23.7%
Impairment charges	——	——	——	——	——
Other operating expenses	$2B-7.3%	$2.16B+1.7%	$2.13B-4.5%	$2.23B-2.3%	$2.28B-27.6%
Total operating expenses	$2B-7.3%	$2.16B+1.7%	$2.13B-4.5%	$2.23B-2.3%	$2.28B-27.6%
Operating income	$80.37M+183%	-$97.39M+53.5%	-$209.44M+28.1%	-$291.19M+0.3%	-$292.19M-52.8%
Operating margin	3.8%+8.4pp	-4.6%+5.5pp	-10.1%+3.8pp	-13.9%-0.3pp	-13.6%-7.5pp
Interest expense	$134.92M-12.1%	$153.5M-10.2%	$170.84M+9.3%	$156.26M-1.9%	$159.26M-17.2%
Interest income	$47.71M+18.7%	$40.2M+15.3%	$34.87M+28.4%	$27.16M-3.6%	$28.16M+4.7%
Other income (expense), net	$213.47M+47.2%	$145.06M+52.8%	$94.91M+134%	$40.64M+20.8%	$33.64M+1,010%
Income from equity method investments	$181.53M+3.1%	$176.15M-6.2%	$187.86M+16.4%	$161.44M+2.5%	$157.44M-3.4%
Gain (loss) on disposal of assets	$21.48M-10.6%	$24.04M-61.7%	$62.77M-18.8%	$77.35M+11.5%	$69.35M+1.5%
Income before income taxes	$346.14M+246%	$99.98M+437%	-$29.69M+82.1%	-$165.72M+4.6%	-$173.72M-68.0%
Income tax expense	——	——	-$95.31M-79.2%	-$53.19M-6.0%	-$50.19M-127%
Net income	$138.45M+10,310%	$1.33M—	——	——	——
Net margin	6.5%+6.4pp	0.1%—	——	——	——
Income from continuing operations	——	——	——	——	——
Income from discontinued operations	——	——	——	——	——
Preferred stock dividends	$68.92M0.0%	$68.92M0.0%	$68.92M0.0%	$68.92M0.0%	$68.92M+0.4%
Diluted earnings per share	——	——	-$1.08-11.3%	-$0.97+7.6%	-$1.05-22.1%
Basic earnings per share	——	——	-$1.09-12.4%	-$0.97+7.6%	-$1.05-23.5%
Weighted-average shares, diluted	469.1M+0.4%	467M+1.0%	462.1M+1.1%	457.3M+0.2%	456.3M-0.5%
Weighted-average shares, basic	460.2M-0.2%	460.9M+0.3%	459.4M+0.5%	457.3M+0.2%	456.3M+0.3%
Investment and other income	$47.71M+18.7%	$40.2M+15.3%	$34.87M+28.4%	$27.16M-3.6%	$28.16M+4.7%
Short-term imputed spectrum lease income	$103.23M+49.5%	$69.03M+127%	$30.41M—	$0—	——
Continuing operations (in dollars per share)	——	——	——	——	——
Continuing operations (in dollars per share)	——	——	——	——	——
Discontinued operations (in dollars per share)	——	——	——	——	——
Depreciation, Amortization and Accretion, Net	$503.48M+0.3%	$501.87M+1.0%	$496.89M+2.2%	$486.03M+0.6%	$483.03M-23.7%
Dividends on preferred shares	$68.92M0.0%	$68.92M0.0%	$68.92M0.0%	$68.92M0.0%	$68.92M+0.4%
Gain on sale of business and assets	$21.48M-10.6%	$24.04M-61.7%	$62.77M-18.8%	$77.35M+11.5%	$69.35M+1.5%
Gain Loss On Sale Of Property Plant Equipment	-$19.86M+0.4%	-$19.94M-25.7%	-$15.86M+11.7%	-$17.95M0.0%	-$17.95M+22.2%
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$269.95M+130%	$117.4M—	——	——	——
Other income, net (Note 6)	$15.91M+20.7%	$13.18M+4.5%	$12.61M+51.9%	$8.3M+13.7%	$7.3M+30.9%
EBIT	$80.37M+183%	-$97.39M+53.5%	-$209.44M+28.1%	-$291.19M+0.3%	-$292.19M-52.8%
EBITDA	$583.85M+44.3%	$404.48M+40.7%	$287.45M+47.5%	$194.84M+2.1%	$190.84M-56.8%
EBITDA	$583.85M+44.3%	$404.48M+40.7%	$287.45M+47.5%	$194.84M+2.1%	$190.84M-56.8%
EBITDA margin	27.4%+8.2pp	19.1%+5.3pp	13.8%+4.5pp	9.3%+0.4pp	8.9%-5.3pp
EBIT	$80.37M+183%	-$97.39M+53.5%	-$209.44M+28.1%	-$291.19M+0.3%	-$292.19M-52.8%

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

What are Telephone and Data Systems's profit margins?: Gross margin is 77.2% and operating margin is 3.8%, with a 6.5% net margin.
Where does Telephone and Data Systems's income statement data come from?: Every line is extracted from Telephone and Data Systems's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.