TMUS T-Mobile US margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 74

Gross margin

62.1%

Operating margin

20.7%

EBITDA margin

35.6%

Net margin

12%

For this period, T-Mobile US reports a gross margin of 62.1%, an operating margin of 20.7%, an EBITDA margin of 35.6%, and a net margin of 12%. The company's available margins all declined, with net margin recording the strongest contraction of 1.8 percentage points.

TMUS margin history

Gross, operating, EBITDA and net margin trends

T-Mobile US's margins averaged 62.85% gross, 20.78% operating, 36.45% EBITDA, and 12.57% net during the last 3 years. Compared with their three-year averages, all four current margins are lower.

TMUS margin expansion

Year-over-year margin changes in percentage points

T-Mobile US's gross margin contracted by 1.5 percentage points, operating margin by 1.6 percentage points, EBITDA margin by 1.7 percentage points, and net margin by 1.8 percentage points, led by net margin with a decline of 1.8 percentage points.

Gross margin expansion

-1.5pp

Operating margin expansion

-1.6pp

EBITDA margin expansion

-1.7pp

Net margin expansion

-1.8pp

TMUS Gross margin

T-Mobile US's gross margin averaged 62.85% over the last 3 years. Compared with its three-year average, T-Mobile US's current gross margin is 62.1% and is 0.8 percentage points below its three-year average. Over the last 3 years, T-Mobile US's gross margin peaked at 63.8% in Mar 2025 and reached a low of 61.6% in Dec 2023.

TMUS Operating margin

T-Mobile US recorded an average operating margin of 20.78% across the last 3 years. T-Mobile US currently reports an operating margin of 20.7%, 0.1 percentage points below its three-year average. The highest operating margin for T-Mobile US was 23.1% in Jun 2025, while the lowest was 18.1% in Dec 2023.

TMUS EBITDA margin

Across the last 3 years, T-Mobile US recorded an average EBITDA margin of 36.45%. T-Mobile US's current EBITDA margin is 35.6% and is 0.9 percentage points below its three-year average. The highest EBITDA margin for T-Mobile US was 38.2% in Jun 2025, while the lowest was 34.6% in Dec 2023.

TMUS Net margin

The average net margin for T-Mobile US was 12.57% over the last 3 years. The current net margin of 12% is 0.6 percentage points below its three-year average. The net margin for T-Mobile US moved between 10.6% in Dec 2023 and 14.5% in Jun 2025.

TMUS margin group comparison

Margins compared with peer-group, industry and sector averages

T-Mobile US's gross margin of 62.1% is higher than the Communication Services sector and the industry average but lower than its peers average. In comparison with the Communication Services sector average of 49.3%, T-Mobile US's gross margin is 26% higher.

TMUS margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is T-Mobile US's gross margin?

As of Sep 30, 2026, TMUS has a gross margin of 62.1%.

What is T-Mobile US's operating margin?

For the period ending Sep 30, 2026, TMUS recorded an operating margin of 20.7%.

What is T-Mobile US's EBITDA margin?

The current EBITDA margin for TMUS is 35.6% as of Sep 30, 2026.

What is T-Mobile US's net margin?

For the period ending Sep 30, 2026, TMUS recorded a net margin of 12%.

What are the average margins of TMUS?

The three-year average margins for TMUS were 62.9% gross, 20.8% operating, 36.5% EBITDA, and 12.6% net.

What are the highest historical margins of TMUS?

Over the last 5 years, T-Mobile US's highest margins were 63.8% gross in Mar 2025, 23.1% operating in Jun 2025, 38.2% EBITDA in Jun 2025, and 14.5% net in Jun 2025.

What are the lowest historical margins of TMUS?

Looking back across 5 years, TMUS reached its lowest margins at 52.6% gross in Sep 2022, 6.1% operating in Sep 2022, 23.8% EBITDA in Sep 2022, and 1.9% net in Sep 2022.