T AT&T margins

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  3. NYSE: T
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Relative Growth: Rel. Growth: 11
Relative Strength: Rel. Strength: 44
Relative Valuation: Rel. Valuation: 79
Relative Profitability: Rel. Profitability: 60
Gross margin
59.7%
Operating margin
18.3%
EBITDA margin
34.2%
Net margin
10.2%

Currently, AT&T has a gross margin of 59.7%, an operating margin of 18.3%, an EBITDA margin of 34.2%, and a net margin of 10.2%. The largest decline was in EBITDA margin, down 9.6 percentage points; the remaining margins held steady.

T margin history

Gross, operating, EBITDA and net margin trends

AT&T's margins averaged 59.62% gross, 17.98% operating, 37.43% EBITDA, and 12.41% net during the last 3 years. For the company, gross and operating margins are above their three-year averages, while EBITDA and net margins are below their three-year averages.

T margin expansion

Year-over-year margin changes in percentage points

Operating margin contracted by 0.7 percentage points, EBITDA margin by 9.6 percentage points, and net margin by 7.7 percentage points. Gross margin was unchanged.

Gross margin expansion
0pp
Operating margin expansion
-0.7pp
EBITDA margin expansion
-9.6pp
Net margin expansion
-7.7pp

T Gross margin

Across the last 3 years, AT&T recorded an average gross margin of 59.62%. AT&T's current gross margin is 59.7% and is 0.1 percentage points above its three-year average. The highest gross margin for AT&T was 59.9% in Mar 2025, while the lowest was 59.1% in Dec 2023.

T Operating margin

The average operating margin for AT&T was 17.98% in the last 3 years. The current operating margin of 18.3% is 0.3 percentage points above its three-year average. The operating margin for AT&T moved between 15.4% in Mar 2025 and 20.1% in Jun 2026.

T EBITDA margin

In the last 3 years, AT&T had an average EBITDA margin of 37.43%. Against its three-year average, AT&T's EBITDA margin is currently 34.2%, 3.2 percentage points below its three-year average. Looking back over the last 3 years, AT&T's EBITDA margin reached 43.8% at its highest point in Sep 2025 and 32.6% at its lowest in Sep 2024.

T Net margin

Over the last 3 years, AT&T had an average net margin of 12.41%. The current net margin stands at 10.2%, 2.2 percentage points below its three-year average. Looking back over the last 3 years, AT&T's net margin reached 17.9% at its highest point in Sep 2025 and 7.4% at its lowest in Sep 2024.

T margin group comparison

Margins compared with peer-group, industry and sector averages

AT&T's gross margin of 59.7% is higher than the Communication Services sector average but lower than the industry and its peers average. Looking at the Communication Services sector average of 49.6%, AT&T's gross margin is 20% higher.

T margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is AT&T's gross margin?

The current gross margin for T is 59.7% as of Sep 30, 2026.

What is AT&T's operating margin?

For the period ending Sep 30, 2026, T recorded an operating margin of 18.3%.

What is AT&T's EBITDA margin?

For the period ending Sep 30, 2026, T recorded an EBITDA margin of 34.2%.

What is AT&T's net margin?

For the period ending Sep 30, 2026, T recorded a net margin of 10.2%.

What are the average margins of T?

AT&T's average margins over the last 3 years were 59.6% gross, 18.0% operating, 37.4% EBITDA, and 12.4% net.

What are the highest historical margins of T?

Across the 5-year period, T posted its highest margins at 59.9% gross in Mar 2025, 20.1% operating in Jun 2026, 43.8% EBITDA in Sep 2025, and 17.9% net in Sep 2025.

What are the lowest historical margins of T?

Across the 5-year period, T posted its lowest margins at 54.9% gross in Dec 2021, -3.8% operating in Dec 2022, 14.5% EBITDA in Sep 2023, and -9.3% net in Sep 2023.