Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 20.54% is 11% below its 5-year average of 23.01%, around the middle of its 5-year range (13.75%–25.22%).
3.38% below its 12-month average of 21.26%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
20.54%
OPERATING MARGIN AVG TTM
21.26%
OPERATING MARGIN AVG 3Y
22.64%
OPERATING MARGIN AVG 5Y
23.01%
OPERATING MARGIN AVG 10Y
23.06%
OPERATING MARGIN AVG 15Y
22.76%
OPERATING MARGIN AVG 20Y
20.83%
CURRENT VS TTM AVG
-3.38%
CURRENT VS 3Y AVG
-9.26%
CURRENT VS 5Y AVG
-10.74%
CURRENT VS 10Y AVG
-10.94%
CURRENT VS 15Y AVG
-9.75%
CURRENT VS 20Y AVG
-1.40%
SECTOR MEDIAN · COMMUNICATION SERVICES
16.00%
median of 31 covered companies
CURRENT VS SECTOR MEDIAN
+28.37%
vs the sector median at left
Verizon Communications Inc.
Market Cap
$208.63B
Operating Margin
20.54%
TTM Avg
21.26%
3Y Avg
22.64%
5Y Avg
23.01%
Market Cap
$191.81B
Operating Margin
20.30%
TTM Avg
21.68%
3Y Avg
17.44%
5Y Avg
14.67%
Market Cap
$181.05B
Operating Margin
16.00%
TTM Avg
13.84%
3Y Avg
11.49%
5Y Avg
9.54%
Market Cap
$109.60B
Operating Margin
14.65%
TTM Avg
10.75%
3Y Avg
3.13%
5Y Avg
1.63%
Market Cap
$92.29B
Operating Margin
14.66%
TTM Avg
17.77%
3Y Avg
18.34%
5Y Avg
18.02%
Market Cap
$70.30B
Operating Margin
5.35%
TTM Avg
-11.00%
3Y Avg
-11.88%
5Y Avg
-1.25%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Verizon Communications Inc. (VZ) | $208.63B | 20.54% | 21.26% | 22.64% | 23.01% |
| T-Mobile US, Inc. (TMUS)vs › | $191.81B | 20.30% | 21.68% | 17.44% | 14.67% |
| The Walt Disney Company (DIS)vs › | $181.05B | 16.00% | 13.84% | 11.49% | 9.54% |
| AT&T Inc. (T)vs › | $173.61B | 20.38% | 19.86% | 14.04% | 15.07% |
| Spotify Technology S.A. (SPOT)vs › | $109.60B | 14.65% | 10.75% | 3.13% | 1.63% |
| Netflix, Inc. (NFLX)vs › | $319.15B | 29.68% | 28.10% | 23.66% | 22.31% |
| Comcast Corporation (CMCSA)vs › | $92.29B | 14.66% | 17.77% | 18.34% | 18.02% |
| DoorDash, Inc. (DASH)vs › | $85.23B | 6.34% | 2.46% | -4.72% | -7.20% |
| Warner Bros. Discovery, Inc. (WBD)vs › | $70.30B | 5.35% | -11.00% | -11.88% | -1.25% |
| Live Nation Entertainment, Inc. (LYV)vs › | $39.69B | 3.44% | 4.72% | 4.64% | -12.83% |
Gross Margin
45.6%
Operating Margin
20.5%
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 | 20.96% |
| 2026-03-31 | 23.93% |
| 2025-12-31 | 13.75% |
| 2025-09-30 | 23.96% |
| 2025-06-30 | 23.68% |
| 2025-03-31 | 23.83% |
| 2024-12-31 | 20.80% |
| 2024-09-30 | 23.53% |
| 2024-06-30 | 23.84% |
| 2024-03-31 | 23.13% |
| 2023-12-31 | 18.33% |
| 2023-09-30 | 22.76% |
| 2023-06-30 | 22.88% |
| 2023-03-31 | 23.04% |
| 2022-12-31 | 20.50% |
| 2022-09-30 | 23.05% |
| 2022-06-30 | 22.35% |
| 2022-03-31 | 23.23% |
| 2021-12-31 | 22.33% |
| 2021-09-30 | 25.22% |
| 2021-06-30 | 24.18% |
| 2021-03-31 | 24.32% |
| 2020-12-31 | 20.33% |
| 2020-09-30 | 24.34% |
| 2020-06-30 | 24.18% |
| 2020-03-31 | 24.59% |
| 2019-12-31 | 20.21% |
| 2019-09-30 | 25.66% |
| 2019-06-30 | 24.48% |
| 2019-03-31 | 23.99% |
| 2018-12-31 | 21.10% |
| 2018-09-30 | 23.94% |
| 2018-06-30 | 24.44% |
| 2018-03-31 | 23.46% |
| 2017-12-31 | 15.20% |
| 2017-09-30 | 22.56% |
| 2017-06-30 | 23.61% |
| 2017-03-31 | 23.66% |
| 2016-12-31 | 24.81% |
| 2016-09-30 | 21.14% |
| 2016-06-30 | 14.92% |
| 2016-03-31 | 24.69% |
| 2015-12-31 | 28.45% |
| 2015-09-30 | 22.72% |
| 2015-06-30 | 24.27% |
| 2015-03-31 | 24.89% |
| 2014-12-31 | -6.44% |
| 2014-09-30 | 21.81% |
| 2014-06-30 | 24.41% |
| 2014-03-31 | 23.23% |
| 2013-12-31 | 38.83% |
| 2013-09-30 | 23.54% |
| 2013-06-30 | 22.01% |
| 2013-03-31 | 21.15% |
| 2012-12-31 | -10.55% |
| 2012-09-30 | 18.90% |
| 2012-06-30 | 19.79% |
| 2012-03-31 | 18.39% |
| 2011-12-31 | -3.91% |
| 2011-09-30 | 16.65% |
| 2011-06-30 | 17.77% |
| 2011-03-31 | 16.50% |
| 2010-12-31 | 17.08% |
| 2010-09-30 | 12.77% |
| 2010-06-30 | 1.53% |
| 2010-03-31 | 16.50% |
| 2009-12-31 | 3.43% |
| 2009-09-30 | 14.62% |
| 2009-06-30 | 16.45% |
| 2009-03-31 | 17.65% |
| 2008-12-31 | 15.55% |
| 2008-09-30 | 16.86% |
| 2008-06-30 | 18.84% |
| 2008-03-31 | 18.18% |
| 2007-12-31 | 14.36% |
| 2007-09-30 | 17.71% |
| 2007-06-30 | 17.83% |
| 2007-03-31 | 16.81% |
| 2006-12-31 | 11.24% |
| 2006-09-30 | 15.75% |
| 2006-06-30 | 14.70% |
| 2006-03-31 | 14.95% |
| 2005-12-31 | 19.18% |
| 2005-09-30 | 18.92% |
| 2005-06-30 | 22.08% |
| 2005-03-31 | 18.60% |
| 2004-12-31 | 18.36% |
| 2004-09-30 | 19.76% |
| 2004-06-30 | 20.84% |
| 2004-03-31 | 14.46% |
| 2003-12-31 | -12.43% |
| 2003-09-30 | 18.70% |
| 2003-06-30 | 16.22% |
| 2003-03-31 | 22.48% |
| 2002-12-31 | 16.18% |
| 2002-09-30 | 35.14% |
