Tesla annual operating margin
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2025
Tesla Operating Margin Growth & History (TSLA)
Tesla's operating margin was 4.59% for fiscal 2025.
View full Tesla company overviewTesla annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 4.59% | −2.65 pp |
| 2024 | 2024-12-31 | 7.24% | −1.94 pp |
| 2023 | 2023-12-31 | 9.19% | −7.58 pp |
| 2022 | 2022-12-31 | 16.76% | +4.64 pp |
| 2021 | 2021-12-31 | 12.12% | +5.80 pp |
| 2020 | 2020-12-31 | 6.32% | +6.60 pp |
| 2019 | 2019-12-31 | −0.28% | +1.53 pp |
| 2018 | 2018-12-31 | −1.81% | +12.07 pp |
| 2017 | 2017-12-31 | −13.88% | −4.35 pp |
| 2016 | 2016-12-31 | −9.53% | +8.18 pp |
| 2015 | 2015-12-31 | −17.71% | −11.87 pp |
| 2014 | 2014-12-31 | −5.84% | −2.79 pp |
| 2013 | 2013-12-31 | −3.04% | +92.37 pp |
| 2012 | 2012-12-31 | −95.41% | +27.72 pp |
| 2011 | 2011-12-31 | −123.13% | +2.65 pp |
| 2010 | 2010-12-31 | −125.78% | −79.42 pp |
| 2009 | 2009-12-31 | −46.36% | — |
Tesla quarterly operating margin
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.41% | −2.69 pp |
| Q1 2026 | 2026-03-31 | 4.20% | +2.14 pp |
| Q4 2025 | 2025-12-31 | 5.66% | −0.50 pp |
| Q3 2025 | 2025-09-30 | 5.78% | −5.01 pp |
| Q2 2025 | 2025-06-30 | 4.10% | −2.19 pp |
| Q1 2025 | 2025-03-31 | 2.06% | −3.43 pp |
| Q4 2024 | 2024-12-31 | 6.16% | −2.04 pp |
| Q3 2024 | 2024-09-30 | 10.79% | +3.23 pp |
| Q2 2024 | 2024-06-30 | 6.29% | −3.33 pp |
| Q1 2024 | 2024-03-31 | 5.50% | −5.92 pp |
| Q4 2023 | 2023-12-31 | 8.20% | −7.84 pp |
| Q3 2023 | 2023-09-30 | 7.55% | −9.64 pp |
| Q2 2023 | 2023-06-30 | 9.62% | −4.93 pp |
| Q1 2023 | 2023-03-31 | 11.42% | −7.79 pp |
| Q4 2022 | 2022-12-31 | 16.04% | +1.29 pp |
| Q3 2022 | 2022-09-30 | 17.19% | +2.62 pp |
| Q2 2022 | 2022-06-30 | 14.55% | +3.58 pp |
| Q1 2022 | 2022-03-31 | 19.21% | +13.49 pp |
| Q4 2021 | 2021-12-31 | 14.75% | +9.40 pp |
| Q3 2021 | 2021-09-30 | 14.57% | +5.34 pp |
| Q2 2021 | 2021-06-30 | 10.97% | +5.55 pp |
| Q1 2021 | 2021-03-31 | 5.72% | +0.99 pp |
| Q4 2020 | 2020-12-31 | 5.35% | +0.49 pp |
| Q3 2020 | 2020-09-30 | 9.22% | +5.08 pp |
| Q2 2020 | 2020-06-30 | 5.42% | +8.05 pp |
| Q1 2020 | 2020-03-31 | 4.73% | +16.22 pp |
| Q4 2019 | 2019-12-31 | 4.86% | −0.87 pp |
| Q3 2019 | 2019-09-30 | 4.14% | −1.95 pp |
| Q2 2019 | 2019-06-30 | −2.63% | +12.90 pp |
| Q1 2019 | 2019-03-31 | −11.50% | +6.02 pp |
| Q4 2018 | 2018-12-31 | 5.73% | +23.92 pp |
| Q3 2018 | 2018-09-30 | 6.10% | +24.04 pp |
| Q2 2018 | 2018-06-30 | −15.53% | −6.89 pp |
| Q1 2018 | 2018-03-31 | −17.51% | −7.96 pp |
| Q4 2017 | 2017-12-31 | −18.19% | −6.51 pp |
| Q3 2017 | 2017-09-30 | −17.94% | −21.67 pp |
| Q2 2017 | 2017-06-30 | −8.64% | +10.11 pp |
| Q1 2017 | 2017-03-31 | −9.55% | +12.09 pp |
| Q4 2016 | 2016-12-31 | −11.67% | +9.76 pp |
| Q3 2016 | 2016-09-30 | 3.73% | +23.33 pp |
| Q2 2016 | 2016-06-30 | −18.74% | −0.92 pp |
| Q1 2016 | 2016-03-31 | −21.64% | −10.74 pp |
| Q4 2015 | 2015-12-31 | −21.44% | −13.61 pp |
| Q3 2015 | 2015-09-30 | −19.61% | −15.01 pp |
| Q2 2015 | 2015-06-30 | −17.82% | −14.08 pp |
| Q1 2015 | 2015-03-31 | −10.90% | −3.81 pp |
| Q4 2014 | 2014-12-31 | −7.82% | −5.65 pp |
| Q3 2014 | 2014-09-30 | −4.59% | +2.49 pp |
| Q2 2014 | 2014-06-30 | −3.74% | −0.83 pp |
| Q1 2014 | 2014-03-31 | −7.09% | −6.09 pp |
| Q4 2013 | 2013-12-31 | −2.17% | +27.50 pp |
| Q3 2013 | 2013-09-30 | −7.08% | +209.39 pp |
| Q2 2013 | 2013-06-30 | −2.91% | +395.45 pp |
| Q1 2013 | 2013-03-31 | −0.99% | +293.24 pp |
| Q4 2012 | 2012-12-31 | −29.67% | +175.86 pp |
| Q3 2012 | 2012-09-30 | −216.47% | −104.66 pp |
| Q2 2012 | 2012-06-30 | −398.36% | −297.38 pp |
| Q1 2012 | 2012-03-31 | −294.24% | −197.67 pp |
| Q4 2011 | 2011-12-31 | −205.53% | — |
| Q3 2011 | 2011-09-30 | −111.81% | +9.29 pp |
| Q2 2011 | 2011-06-30 | −100.98% | +9.43 pp |
| Q1 2011 | 2011-03-31 | −96.57% | — |
| Q3 2010 | 2010-09-30 | −121.10% | — |
| Q2 2010 | 2010-06-30 | −110.41% | — |
Tesla operating margin trends
Over the last five fiscal years, Tesla's operating margin decreased from 6.32% to 4.59%, a change of −1.73 percentage points. The latest reported quarter, Q2 2026, shows 1.41%.
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.
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