Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 22.30% is 12% above its 5-year average of 19.84%, near the high end of its 5-year range (16.03%–22.30%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.55% above its 12-month average of 20.55%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
22.30%
OPERATING MARGIN AVG TTM
20.55%
OPERATING MARGIN AVG 3Y
20.17%
OPERATING MARGIN AVG 5Y
19.84%
OPERATING MARGIN AVG 10Y
17.79%
OPERATING MARGIN AVG 15Y
18.11%
OPERATING MARGIN AVG 20Y
18.05%
CURRENT VS TTM AVG
+8.55%
CURRENT VS 3Y AVG
+10.57%
CURRENT VS 5Y AVG
+12.39%
CURRENT VS 10Y AVG
+25.39%
CURRENT VS 15Y AVG
+23.15%
CURRENT VS 20Y AVG
+23.57%
SECTOR MEDIAN · COMMUNICATION SERVICES
14.48%
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
+54.02%
vs the sector median at left
Market Cap
$167.08B
Operating Margin
14.30%
TTM Avg
13.84%
3Y Avg
11.49%
5Y Avg
9.54%
Market Cap
$185.26B
Operating Margin
20.30%
TTM Avg
21.68%
3Y Avg
17.44%
5Y Avg
14.67%
Market Cap
$195.46B
Operating Margin
20.54%
TTM Avg
21.94%
3Y Avg
21.92%
5Y Avg
22.48%
Market Cap
$102.80B
Operating Margin
13.70%
TTM Avg
10.75%
3Y Avg
3.13%
5Y Avg
1.63%
Market Cap
$85.03B
Operating Margin
14.66%
TTM Avg
17.77%
3Y Avg
18.34%
5Y Avg
18.02%
Market Cap
$65.94B
Operating Margin
4.06%
TTM Avg
-11.00%
3Y Avg
-11.88%
5Y Avg
-1.25%
Market Cap
$40.52B
Operating Margin
5.45%
TTM Avg
4.72%
3Y Avg
4.64%
5Y Avg
-12.83%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AT&T Inc. (T) | $159.44B | 22.30% | 20.55% | 20.17% | 19.84% |
| The Walt Disney Company (DIS)vs › | $167.08B | 14.30% | 13.84% | 11.49% | 9.54% |
| T-Mobile US, Inc. (TMUS)vs › | $185.26B | 20.30% | 21.68% | 17.44% | 14.67% |
| Verizon Communications Inc. (VZ)vs › | $195.46B | 20.54% | 21.94% | 21.92% | 22.48% |
| Spotify Technology S.A. (SPOT)vs › | $102.80B | 13.70% | 10.75% | 3.13% | 1.63% |
| DoorDash, Inc. (DASH)vs › | $85.47B | 4.88% | 2.46% | -4.72% | -7.20% |
| Comcast Corporation (CMCSA)vs › | $85.03B | 14.66% | 17.77% | 18.34% | 18.02% |
| Warner Bros. Discovery, Inc. (WBD)vs › | $65.94B | 4.06% | -11.00% | -11.88% | -1.25% |
| Live Nation Entertainment, Inc. (LYV)vs › | $40.52B | 5.45% | 4.72% | 4.64% | -12.83% |
| Reddit, Inc. (RDDT)vs › | $27.08B | 20.07% | -11.52% | -16.57% | -19.98% |
Gross Margin
59.7%
Operating Margin
22.3%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 22.30% |
| 2026-03-31 | 21.13% |
| 2025-12-31 | 18.29% |
| 2025-09-30 | 19.93% |
| 2025-06-30 | 21.07% |
| 2025-03-31 | 18.79% |
| 2024-12-31 | 16.56% |
| 2024-09-30 | 21.77% |
| 2024-06-30 | 21.12% |
| 2024-03-31 | 20.12% |
| 2023-12-31 | 18.39% |
| 2023-09-30 | 21.30% |
| 2023-06-30 | 21.43% |
| 2023-03-31 | 19.92% |
| 2022-12-31 | 18.33% |
| 2022-09-30 | 20.55% |
| 2022-06-30 | 19.42% |
| 2022-03-31 | 18.96% |
| 2021-12-31 | 16.03% |
| 2021-09-30 | 20.17% |
| 2021-06-30 | 21.12% |
| 2021-03-31 | 17.47% |
| 2020-12-31 | 12.34% |
| 2020-09-30 | 14.74% |
| 2020-06-30 | 14.79% |
| 2020-03-31 | 17.90% |
| 2019-12-31 | 15.22% |
| 2019-09-30 | 18.13% |
| 2019-06-30 | 17.43% |
| 2019-03-31 | 16.36% |
| 2018-12-31 | 13.94% |
| 2018-09-30 | 16.68% |
| 2018-06-30 | 17.18% |
| 2018-03-31 | 16.48% |
| 2017-12-31 | 10.39% |
| 2017-09-30 | 14.83% |
| 2017-06-30 | 17.00% |
| 2017-03-31 | 17.87% |
| 2016-12-31 | 11.90% |
| 2016-09-30 | 15.67% |
| 2016-06-30 | 16.19% |
| 2016-03-31 | 17.59% |
| 2015-12-31 | 17.88% |
| 2015-10-28 | 15.15% |
| 2015-06-30 | 17.49% |
| 2015-03-31 | 17.06% |
| 2014-12-31 | -16.12% |
| 2014-09-30 | 17.01% |
| 2014-06-30 | 17.24% |
| 2014-03-31 | 19.33% |
| 2013-12-31 | 36.90% |
| 2013-09-30 | 19.24% |
| 2013-06-30 | 19.06% |
| 2013-03-31 | 18.94% |
| 2012-12-31 | -18.29% |
| 2012-09-30 | 19.19% |
| 2012-06-30 | 21.59% |
| 2012-03-31 | 19.17% |
| 2011-12-31 | -27.66% |
| 2011-09-30 | 19.81% |
| 2011-06-30 | 19.57% |
| 2011-03-31 | 18.59% |
| 2010-12-31 | 6.34% |
| 2010-09-30 | 17.20% |
| 2010-06-30 | 19.74% |
| 2010-03-31 | 19.56% |
| 2009-12-31 | 15.75% |
| 2009-09-30 | 17.48% |
| 2009-06-30 | 17.97% |
| 2009-03-31 | 18.77% |
| 2008-12-31 | 15.76% |
| 2008-09-30 | 17.92% |
| 2008-06-30 | 21.28% |
| 2008-03-31 | 19.45% |
| 2007-12-31 | 18.10% |
| 2007-09-30 | 17.60% |
| 2007-06-30 | 16.77% |
| 2007-03-31 | 16.10% |
| 2006-12-31 | 16.21% |
| 2006-09-30 | 18.65% |
| 2006-06-30 | 16.51% |
| 2006-03-31 | 13.91% |
| 2005-12-31 | 8.73% |
| 2005-09-30 | 19.04% |
| 2005-06-30 | 14.71% |
| 2005-03-31 | 15.18% |
| 2004-12-31 | 12.12% |
| 2004-09-30 | 16.50% |
| 2004-06-30 | 14.12% |
| 2004-03-31 | 15.14% |
| 2003-12-31 | 12.04% |
| 2003-09-30 | 15.38% |
| 2003-06-30 | 17.10% |
| 2003-03-31 | 18.29% |
| 2002-12-31 | 17.29% |
| 2002-09-30 | 19.22% |
