AT&T Inc. (T) Operating Margin: 19.35%
Is AT&T Inc.’s operating margin high or low?
AT&T Inc.'s operating margin of 19.35% is 29% above its 5-year average of 14.96%, near the high end of its 5-year range (-3.80%–20.23%).
As of Thursday, June 18, 2026. 0.92% below its 12-month average of 19.53%.
T Operating Margin Chart
T Average Operating Margin Chart
T Current vs Average Operating Margin Chart
T Operating Margin Metrics
OPERATING MARGIN
19.35%
OPERATING MARGIN AVG TTM
19.53%
OPERATING MARGIN AVG 3Y
13.87%
OPERATING MARGIN AVG 5Y
14.96%
OPERATING MARGIN AVG 10Y
15.56%
OPERATING MARGIN AVG 15Y
16.31%
OPERATING MARGIN AVG 20Y
16.65%
CURRENT VS TTM AVG
-0.92%
CURRENT VS 3Y AVG
+39.48%
CURRENT VS 5Y AVG
+29.32%
CURRENT VS 10Y AVG
+24.36%
CURRENT VS 15Y AVG
+18.66%
CURRENT VS 20Y AVG
+16.21%
T Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AT&T Inc. (T) | $156.02B | 19.35% | 19.53% | 13.87% | 14.96% |
| The Walt Disney Company (DIS)vs › | $175.14B | 15.50% | 13.84% | 11.49% | 9.54% |
| Verizon Communications Inc. (VZ)vs › | $191.41B | 21.22% | 21.94% | 21.92% | 22.48% |
| T-Mobile US, Inc. (TMUS)vs › | $196.21B | 20.36% | 21.68% | 17.44% | 14.67% |
| Spotify Technology S.A. (SPOT)vs › | $93.68B | 13.70% | 10.75% | 3.13% | 1.63% |
| Comcast Corporation (CMCSA)vs › | $81.05B | 15.28% | 17.77% | 18.34% | 18.02% |
| DoorDash, Inc. (DASH)vs › | $72.18B | 4.88% | 2.46% | -4.72% | -7.20% |
| Electronic Arts Inc. (EA)vs › | $50.91B | 15.43% | 17.90% | 18.45% | 18.09% |
| Take-Two Interactive Software, Inc. (TTWO)vs › | $43.84B | -0.88% | -7.20% | -14.32% | -4.18% |
| Live Nation Entertainment, Inc. (LYV)vs › | $40.21B | 5.45% | 4.72% | 4.64% | -12.83% |
Operating Efficiency
Gross Margin
79.7%
Operating Margin
19.4%
AT&T Inc. Operating Margin Formula & Definition
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
AT&T Inc. Operating Margin FAQ
- What is the operating margin for AT&T Inc. (T)?
- The operating margin for T stock is 19.35%.
- Is AT&T Inc.'s operating margin high or low?
- AT&T Inc.'s operating margin of 19.35% is 29% above its 5-year average of 14.96%, near the high end of its 5-year range (-3.80%–20.23%).
- What is the TTM average operating margin for AT&T Inc. (T)?
- The TTM average operating margin for T stock is 19.53%.
- What is the 3Y average operating margin for AT&T Inc. (T)?
- The 3Y average operating margin for T stock is 13.87%.
- What is the 5Y average operating margin for AT&T Inc. (T)?
- The 5Y average operating margin for T stock is 14.96%.
- What is the 10Y average operating margin for AT&T Inc. (T)?
- The 10Y average operating margin for T stock is 15.56%.
- What is the 15Y average operating margin for AT&T Inc. (T)?
- The 15Y average operating margin for T stock is 16.31%.
- What is the 20Y average operating margin for AT&T Inc. (T)?
- The 20Y average operating margin for T stock is 16.65%.
AT&T Inc. Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 19.23% |
| 2024-12-31 | 19.83% |
| 2023-12-31 | 20.23% |
| 2022-12-31 | -3.80% |
| 2021-12-31 | 19.32% |
| 2020-12-31 | 14.97% |
| 2019-12-31 | 16.76% |
| 2018-12-31 | 15.98% |
| 2017-12-31 | 14.64% |
| 2016-12-31 | 15.80% |
| 2015-12-31 | 18.19% |
| 2014-12-31 | 10.47% |
| 2013-12-31 | 23.67% |
| 2012-12-31 | 10.20% |
| 2011-12-31 | 9.57% |
| 2010-12-31 | 15.75% |
| 2009-12-31 | 17.14% |
| 2008-12-31 | 19.48% |
| 2007-12-31 | 18.23% |
| 2006-12-31 | 17.54% |
| 2005-12-31 | 16.03% |
| 2004-12-31 | 14.49% |
| 2003-12-31 | 15.52% |
| 2002-12-31 | 19.71% |
| 2001-12-31 | 22.89% |
| 2000-12-31 | 20.38% |
| 1999-12-31 | 23.42% |
| 1998-12-31 | 24.27% |
| 1997-12-31 | 17.64% |
| 1996-12-31 | 24.70% |
About AT&T Inc.
Globally, AT&T Inc. delivers an array of telecommunication, media, and technology offerings. Within its Communications division, the company supplies wireless voice and data communication services. It also markets mobile devices, such as smartphones, wireless data access cards, and portable computing gadgets, alongside accessories like protective cases and hands-free equipment. These products are distributed through AT&T's proprietary outlets, authorized agents, and external retail partners. Furthermore, this segment caters to a broad clientele including multinational corporations, small-to-medium-sized enterprises, government entities, and wholesale clients. For these customers, it delivers an extensive suite of services encompassing data, voice connectivity, cybersecurity, cloud-based solutions, outsourcing, and both managed and professional services, in addition to client-side equipment. Residential consumers also benefit from this division's provision of high-speed fiber optic internet and traditional landline telephone services. Its communication-related offerings and merchandise are promoted under well-known brand names such as AT&T, Cricket, AT&T PREPAID, and AT&T Fiber. The Latin America segment is responsible for delivering wireless communication services within Mexico, as well as video entertainment services across the wider Latin American region. These services and products are branded as AT&T and Unefon. Established in 1983 and headquartered in Dallas, Texas, the corporation was previously known as SBC Communications Inc. and officially adopted the name AT&T Inc. in 2005.
- Sector
- Communication Services
- Industry
- Telecommunications Services
- CEO
- John T. Stankey