Telefonica S A annual operating margin
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Telefonica S A Operating Margin Growth & History (TEFOF)
Telefonica S A's operating margin was 5.79% for fiscal 2025.
View full Telefonica S A company overviewTelefonica S A annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 5.79% | −0.01 pp |
| 2024 | 2024-12-31 | 5.80% | −0.58 pp |
| 2023 | 2023-12-31 | 6.38% | −3.76 pp |
| 2022 | 2022-12-31 | 10.14% | −24.45 pp |
| 2021 | 2021-12-31 | 34.59% | +24.98 pp |
| 2020 | 2020-12-31 | 9.61% | +0.24 pp |
| 2019 | 2019-12-31 | 9.37% | −4.02 pp |
| 2018 | 2018-12-31 | 13.39% | +0.34 pp |
| 2017 | 2017-12-31 | 13.06% | +2.55 pp |
| 2016 | 2016-12-31 | 10.51% | +4.09 pp |
| 2015 | 2015-12-31 | 6.42% | — |
Telefonica S A quarterly operating margin
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q4 2025 | 2025-12-31 | −2.59% | −24.02 pp |
| Q3 2025 | 2025-09-30 | 9.10% | — |
| Q2 2025 | 2025-06-30 | 17.06% | — |
| Q1 2025 | 2025-03-31 | 7.99% | — |
| Q4 2024 | 2024-12-31 | 21.43% | — |
Telefonica S A operating margin trends
Over the last five fiscal years, Telefonica S A's operating margin decreased from 9.61% to 5.79%, a change of −3.82 percentage points. The latest reported quarter, Q4 2025, shows −2.59%.
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 Telefonica S A source filings ↗