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AT&T profit margin T

Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.

Net margin, 12 months
n/m
not a meaningful number
Operating margin, 12 months
20.1%
Net margin on a year earlier
+6.7 pts
Peer median
11.5%

AT&T's net margin works out at 17% over the last twelve months, but it is not a meaningful number: net income for Q3 FY26 is missing, so twelve months can't be added up yet.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY202517.5%19.2%59.6%
FY20248.9%15.6%59.8%
FY202311.8%19.2%59.1%
FY2022−7.1%−3.8%57.9%
FY202115.0%19.3%60.8%
FY2020−3.0%3.7%53.5%
FY20197.7%15.4%58.3%
FY201811.3%15.3%70.3%
FY201718.3%12.4%84.9%
FY20167.9%14.9%88.5%
FY20159.1%16.9%86.9%
FY20144.9%9.2%61.9%
FY201314.2%23.7%60.0%
FY20125.7%10.2%56.7%
FY20113.1%7.3%56.7%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY2616.9%+6.7 pts20.1%
Q1 FY2616.9%+7.3 pts19.8%
Q4 FY2517.5%+8.5 pts19.2%
Q3 FY2517.9%+10.5 pts19.0%
Q2 FY2510.3%−0.1 pts15.9%
Q1 FY259.6%−1.5 pts15.4%
Q4 FY248.9%−2.8 pts15.6%
Q3 FY247.4%+16.7 pts15.6%
Q2 FY2410.4%+17.6 pts18.5%
Q1 FY2411.1%+18.6 pts19.1%
Q4 FY2311.8%+18.8 pts19.2%
Q3 FY23−9.3%−25.9 pts−2.4%

Against its peers

Companies in Telecommunications Services nearest AT&T's size, closest first, today.

CompanyProfit margin
TAT&Tn/m
TMUST-Mobile US11.5%
VZVerizon Communications11.6%
CMCSAComcast9.0%
Peer median11.5%

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on AT&T

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.