Telephone & Data Systems annual operating margin
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2025
Telephone & Data Systems Operating Margin Growth & History (TDS)
Telephone & Data Systems's operating margin was −9.09% for fiscal 2025.
View full Telephone & Data Systems company overviewTelephone & Data Systems annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −9.09% | +7.16 pp |
| 2024 | 2024-12-31 | −16.25% | +39.32 pp |
| 2023 | 2023-12-31 | −55.58% | −57.88 pp |
| 2022 | 2022-12-31 | 2.30% | −2.70 pp |
| 2021 | 2021-12-31 | 5.00% | −0.06 pp |
| 2020 | 2020-12-31 | 5.06% | +1.53 pp |
| 2019 | 2019-12-31 | 3.53% | −0.56 pp |
| 2018 | 2018-12-31 | 4.08% | +6.23 pp |
| 2017 | 2017-12-31 | −2.14% | −4.24 pp |
| 2016 | 2016-12-31 | 2.10% | −6.18 pp |
| 2015 | 2015-12-31 | 8.27% | +12.07 pp |
| 2014 | 2014-12-31 | −3.79% | −8.60 pp |
| 2013 | 2013-12-31 | 4.80% | +1.36 pp |
| 2012 | 2012-12-31 | 3.44% | −3.56 pp |
| 2011 | 2011-12-31 | 7.00% | +1.06 pp |
| 2010 | 2010-12-31 | 5.94% | −2.19 pp |
| 2009 | 2009-12-31 | 8.12% | +5.60 pp |
| 2008 | 2008-12-31 | 2.53% | — |
Telephone & Data Systems quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 146.16% | +150.71 pp |
| Q1 2026 | 2026-03-31 | 55.80% | +68.69 pp |
| Q4 2025 | 2025-12-31 | 6.12% | +56.51 pp |
| Q3 2025 | 2025-09-30 | −25.95% | −29.19 pp |
| Q2 2025 | 2025-06-30 | −4.55% | −9.99 pp |
| Q1 2025 | 2025-03-31 | −12.89% | −16.74 pp |
| Q3 2024 | 2024-09-30 | −50.39% | −53.06 pp |
| Q2 2024 | 2024-06-30 | 3.23% | +0.95 pp |
| Q1 2024 | 2024-03-31 | 5.45% | +7.33 pp |
| Q3 2023 | 2023-09-30 | 3.85% | +4.66 pp |
| Q2 2023 | 2023-06-30 | 2.67% | −2.10 pp |
| Q1 2023 | 2023-03-31 | 2.28% | −5.11 pp |
| Q4 2022 | 2022-12-31 | −1.89% | −3.67 pp |
| Q3 2022 | 2022-09-30 | −0.81% | −6.12 pp |
| Q2 2022 | 2022-06-30 | 4.77% | +0.26 pp |
| Q1 2022 | 2022-03-31 | 7.39% | −1.13 pp |
| Q4 2021 | 2021-12-31 | 1.79% | +0.16 pp |
| Q3 2021 | 2021-09-30 | 5.31% | −1.40 pp |
| Q2 2021 | 2021-06-30 | 4.52% | −1.79 pp |
| Q1 2021 | 2021-03-31 | 8.51% | +2.68 pp |
| Q4 2020 | 2020-12-31 | 1.63% | +1.02 pp |
| Q3 2020 | 2020-09-30 | 6.71% | +4.46 pp |
| Q2 2020 | 2020-06-30 | 6.31% | +2.43 pp |
| Q1 2020 | 2020-03-31 | 5.83% | −1.78 pp |
| Q4 2019 | 2019-12-31 | 0.61% | −0.38 pp |
| Q3 2019 | 2019-09-30 | 2.24% | −1.76 pp |
| Q2 2019 | 2019-06-30 | 3.88% | −1.07 pp |
| Q1 2019 | 2019-03-31 | 7.61% | +0.96 pp |
| Q4 2018 | 2018-12-31 | 0.99% | −0.31 pp |
| Q3 2018 | 2018-09-30 | 4.00% | +22.63 pp |
| Q2 2018 | 2018-06-30 | 4.95% | +2.78 pp |
| Q1 2018 | 2018-03-31 | 6.65% | +0.11 pp |
| Q4 2017 | 2017-12-31 | 1.30% | +1.61 pp |
| Q3 2017 | 2017-09-30 | −18.63% | −21.14 pp |
| Q2 2017 | 2017-06-30 | 2.17% | −1.93 pp |
| Q1 2017 | 2017-03-31 | 6.54% | +4.47 pp |
| Q4 2016 | 2016-12-31 | −0.31% | −2.07 pp |
| Q3 2016 | 2016-09-30 | 2.51% | −4.26 pp |
| Q2 2016 | 2016-06-30 | 4.09% | +1.58 pp |
| Q1 2016 | 2016-03-31 | 2.07% | −20.53 pp |
| Q4 2015 | 2015-12-31 | 1.76% | +4.55 pp |
| Q3 2015 | 2015-09-30 | 6.77% | +16.57 pp |
| Q2 2015 | 2015-06-30 | 2.51% | +6.48 pp |
| Q1 2015 | 2015-03-31 | 22.60% | +20.87 pp |
| Q4 2014 | 2014-12-31 | −2.79% | −1.02 pp |
| Q3 2014 | 2014-09-30 | −9.80% | −7.00 pp |
| Q2 2014 | 2014-06-30 | −3.97% | −26.95 pp |
| Q1 2014 | 2014-03-31 | 1.73% | +1.18 pp |
| Q4 2013 | 2013-12-31 | −1.77% | +2.42 pp |
| Q3 2013 | 2013-09-30 | −2.80% | −6.85 pp |
| Q2 2013 | 2013-06-30 | 22.98% | +16.10 pp |
| Q1 2013 | 2013-03-31 | 0.55% | −6.62 pp |
| Q4 2012 | 2012-12-31 | −4.19% | −5.66 pp |
| Q3 2012 | 2012-09-30 | 4.05% | −5.52 pp |
| Q2 2012 | 2012-06-30 | 6.88% | −3.07 pp |
| Q1 2012 | 2012-03-31 | 7.17% | +0.11 pp |
| Q4 2011 | 2011-12-31 | 1.47% | −0.35 pp |
| Q3 2011 | 2011-09-30 | 9.58% | +2.89 pp |
| Q2 2011 | 2011-06-30 | 9.95% | +2.94 pp |
| Q1 2011 | 2011-03-31 | 7.06% | −1.28 pp |
| Q4 2010 | 2010-12-31 | 1.82% | −4.50 pp |
| Q3 2010 | 2010-09-30 | 6.69% | −5.67 pp |
| Q2 2010 | 2010-06-30 | 7.01% | — |
| Q1 2010 | 2010-03-31 | 8.34% | — |
| Q3 2009 | 2009-09-30 | 6.32% | — |
| Q2 2009 | 2009-06-30 | 12.35% | — |
Telephone & Data Systems operating margin trends
Over the last five reported fiscal years, Telephone & Data Systems's operating margin decreased from 5.06% to −9.09%, a change of −14.15 percentage points. The latest reported quarter, Q2 2026, shows 146.16%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Telephone & Data Systems filings at SEC.gov ↗