TMUS T-Mobile US margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 70

Gross margin

62.2%

Operating margin

19.4%

EBITDA margin

35%

Net margin

11.5%

For this period, T-Mobile US reports a gross margin of 62.2%, an operating margin of 19.4%, an EBITDA margin of 35%, and a net margin of 11.5%. The company's available margins all declined, with operating margin recording the strongest contraction of 3.7 percentage points.

TMUS margin history

Gross, operating, EBITDA and net margin trends

T-Mobile US's margins averaged 62.77% gross, 20.46% operating, 36.28% EBITDA, and 12.39% 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 1.4 percentage points, operating margin by 3.7 percentage points, EBITDA margin by 3.2 percentage points, and net margin by 3 percentage points, led by operating margin with a decline of 3.7 percentage points.

Gross margin expansion

-1.4pp

Operating margin expansion

-3.7pp

EBITDA margin expansion

-3.2pp

Net margin expansion

-3pp

TMUS Gross margin

T-Mobile US's gross margin averaged 62.77% over the last 3 years. Compared with its three-year average, T-Mobile US's current gross margin is 62.2% and is 0.6 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 61.1% in Sep 2023.

TMUS Operating margin

T-Mobile US recorded an average operating margin of 20.46% across the last 3 years. T-Mobile US currently reports an operating margin of 19.4%, 1.1 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 17.3% in Sep 2023.

TMUS EBITDA margin

Across the last 3 years, T-Mobile US recorded an average EBITDA margin of 36.28%. T-Mobile US's current EBITDA margin is 35% and is 1.3 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 33.6% in Sep 2023.

TMUS Net margin

The average net margin for T-Mobile US was 12.39% over the last 3 years. The current net margin of 11.5% is 0.9 percentage points below its three-year average. The net margin for T-Mobile US moved between 9.9% in Sep 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 62.2% is higher than the Communication Services sector average but lower than the industry and its peers average. In comparison with the Communication Services sector average of 49.1%, T-Mobile US's gross margin is 27% higher.

TMUS margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is T-Mobile US's gross margin?

As of Jun 30, 2026, TMUS has a gross margin of 62.2%.

What is T-Mobile US's operating margin?

For the period ending Jun 30, 2026, TMUS recorded an operating margin of 19.4%.

What is T-Mobile US's EBITDA margin?

The current EBITDA margin for TMUS is 35% as of Jun 30, 2026.

What is T-Mobile US's net margin?

For the period ending Jun 30, 2026, TMUS recorded a net margin of 11.5%.

What are the average margins of TMUS?

The three-year average margins for TMUS were 62.8% gross, 20.5% operating, 36.3% EBITDA, and 12.4% 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, 5.9% operating in Sep 2022, 23.8% EBITDA in Sep 2022, and 1.9% net in Sep 2022.