Company / Operating Margin
AT&T INC. Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
19.2%
FY2025
5-year range
-3.8% / 19.3%
FY2021-FY2025
Trend
+604.2%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Operating Margin changed +604% YoY in FY2025, a notable deviation from the 9-year average annual change of +81%.
Based on SEC 10-K filings.
19.2% in FY2025 with a 5-year CAGR of +3.9%.
Remained stable around 19.2% over the past 2 years.
Operating Margin over time
Growth rates
- 3-Year Change
- +13.3pp
- 5-Year Change
- +3.9pp
- 10-Year Change
- -
Key checks
Key Insights
- In FY2025, operating margin increased 604.2% year-over-year.
- Peak operating margin was recorded in FY2023.
- Lowest operating margin in the period was in FY2024.
Company context
Key Data Points
- Altman Z-Score 0.62 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 19.2% | +604.2% |
| FY2024 | -3.8% | -119.7% |
| FY2023 | 19.3% | +230.3% |
| FY2022 | 5.9% | -62.1% |
| FY2021 | 15.4% | +1.0% |
| FY2020 | 15.3% | +22.8% |
| FY2019 | 12.4% | -13.4% |
| FY2018 | 14.4% | -14.9% |
| FY2017 | 16.9% | +83.1% |
| FY2016 | 9.2% | -61.4% |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026