Telesat annual operating margin
2019
2020
2021
2022
2023
2024
2025
Telesat Operating Margin Growth & History (TSAT)
Telesat's operating margin was −72.71% for fiscal 2025.
View full Telesat company overviewTelesat annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −72.71% | −65.65 pp |
| 2024 | 2024-12-31 | −7.05% | −87.83 pp |
| 2023 | 2023-12-31 | 80.78% | +41.73 pp |
| 2022 | 2022-12-31 | 39.05% | −14.91 pp |
| 2021 | 2021-12-31 | 53.96% | +4.65 pp |
| 2020 | 2020-12-31 | 49.31% | −3.20 pp |
| 2019 | 2019-12-31 | 52.51% | — |
Telesat quarterly operating margin
Q2.24
Q3.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −16.39% | −33.23 pp |
| Q1 2026 | 2026-03-31 | −93.46% | −119.88 pp |
| Q4 2025 | 2025-12-31 | 7.09% | — |
| Q3 2025 | 2025-09-30 | 5.91% | −37.24 pp |
| Q2 2025 | 2025-06-30 | 16.84% | −23.62 pp |
| Q1 2025 | 2025-03-31 | 26.42% | — |
| Q3 2024 | 2024-09-30 | 43.15% | — |
| Q2 2024 | 2024-06-30 | 40.45% | — |
Telesat operating margin trends
Over the last five fiscal years, Telesat's operating margin decreased from 49.31% to −72.71%, a change of −122.01 percentage points. The latest reported quarter, Q2 2026, shows −16.39%.
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 Telesat source filings ↗Community posts
Telesat and Orange open first European Lightspeed gateway
Telesat ($TSAT) and Orange ($ORA-EURONEXT) inaugurated Europe’s first Telesat Lightspeed gateway at Bercenay-en-Othe in France. The facility connects satellite infrastructure with Orange’s terrestrial network and a Paris point of presence, ...
