Tennessee Valley Authority annual operating margin
2009
2010
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2024
2025
Tennessee Valley Authority Operating Margin Growth & History (TVE)
Tennessee Valley Authority's operating margin was 18.79% for fiscal 2025.
View full Tennessee Valley Authority company overviewTennessee Valley Authority annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-30 | 18.79% | +0.70 pp |
| 2024 | 2024-09-30 | 18.09% | +4.04 pp |
| 2023 | 2023-09-30 | 14.05% | −5.17 pp |
| 2022 | 2022-09-30 | 19.23% | −7.86 pp |
| 2021 | 2021-09-30 | 27.09% | +0.64 pp |
| 2020 | 2020-09-30 | 26.45% | +1.61 pp |
| 2019 | 2019-09-30 | 24.84% | +1.98 pp |
| 2018 | 2018-09-30 | 22.86% | −2.59 pp |
| 2017 | 2017-09-30 | 25.45% | +3.54 pp |
| 2016 | 2016-09-30 | 21.91% | +1.78 pp |
| 2015 | 2015-09-30 | 20.13% | +5.86 pp |
| 2014 | 2014-09-30 | 14.27% | +1.01 pp |
| 2013 | 2013-09-30 | 13.26% | +1.68 pp |
| 2012 | 2012-09-30 | 11.59% | −0.55 pp |
| 2011 | 2011-09-30 | 12.14% | −8.48 pp |
| 2010 | 2010-09-30 | 20.62% | +3.09 pp |
| 2009 | 2009-09-30 | 17.53% | — |
Tennessee Valley Authority quarterly operating margin
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Q3.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-06-30 | 17.75% | +2.11 pp |
| Q2 2026 | 2026-03-31 | 20.14% | −0.14 pp |
| Q1 2026 | 2025-12-31 | 18.10% | +3.96 pp |
| Q4 2025 | 2025-09-30 | 23.58% | +0.86 pp |
| Q3 2025 | 2025-06-30 | 15.64% | −0.30 pp |
| Q2 2025 | 2025-03-31 | 20.27% | +1.85 pp |
| Q1 2025 | 2024-12-31 | 14.14% | +0.08 pp |
| Q4 2024 | 2024-09-30 | 22.72% | +1.64 pp |
| Q3 2024 | 2024-06-30 | 15.94% | +7.16 pp |
| Q2 2024 | 2024-03-31 | 18.42% | +6.73 pp |
| Q1 2024 | 2023-12-31 | 14.07% | +0.87 pp |
| Q4 2023 | 2023-09-30 | 21.08% | −2.34 pp |
| Q3 2023 | 2023-06-30 | 8.78% | −11.08 pp |
| Q2 2023 | 2023-03-31 | 11.69% | −6.86 pp |
| Q1 2023 | 2022-12-31 | 13.20% | +0.62 pp |
| Q4 2022 | 2022-09-30 | 23.42% | −7.38 pp |
| Q3 2022 | 2022-06-30 | 19.87% | −3.48 pp |
| Q2 2022 | 2022-03-31 | 18.55% | −11.97 pp |
| Q1 2022 | 2021-12-31 | 12.58% | −9.77 pp |
| Q4 2021 | 2021-09-30 | 30.81% | −4.96 pp |
| Q3 2021 | 2021-06-30 | 23.35% | −0.42 pp |
| Q2 2021 | 2021-03-31 | 30.52% | +6.44 pp |
| Q1 2021 | 2020-12-31 | 22.35% | +1.72 pp |
| Q4 2020 | 2020-09-30 | 35.77% | +6.81 pp |
| Q3 2020 | 2020-06-30 | 23.77% | +3.95 pp |
| Q2 2020 | 2020-03-31 | 24.08% | +2.55 pp |
| Q1 2020 | 2019-12-31 | 20.64% | −7.44 pp |
| Q4 2019 | 2019-09-30 | 28.96% | +21.20 pp |
| Q3 2019 | 2019-06-30 | 19.82% | −10.85 pp |
| Q2 2019 | 2019-03-31 | 21.53% | −8.20 pp |
| Q1 2019 | 2018-12-31 | 28.07% | +2.14 pp |
| Q4 2018 | 2018-09-30 | 7.76% | −31.56 pp |
| Q3 2018 | 2018-06-30 | 30.66% | +8.84 pp |
| Q2 2018 | 2018-03-31 | 29.73% | +8.76 pp |
| Q1 2018 | 2017-12-31 | 25.93% | +9.08 pp |
| Q4 2017 | 2017-09-30 | 39.32% | +10.62 pp |
| Q3 2017 | 2017-06-30 | 21.82% | −1.01 pp |
| Q2 2017 | 2017-03-31 | 20.97% | −1.94 pp |
| Q1 2017 | 2016-12-31 | 16.85% | +6.85 pp |
| Q4 2016 | 2016-09-30 | 28.70% | +4.45 pp |
| Q3 2016 | 2016-06-30 | 22.83% | +10.87 pp |
| Q2 2016 | 2016-03-31 | 22.91% | −4.20 pp |
| Q1 2016 | 2015-12-31 | 10.00% | −5.10 pp |
| Q4 2015 | 2015-09-30 | 24.25% | +5.39 pp |
| Q3 2015 | 2015-06-30 | 11.96% | +4.49 pp |
| Q2 2015 | 2015-03-31 | 27.10% | +7.50 pp |
| Q1 2015 | 2014-12-31 | 15.10% | +5.95 pp |
| Q4 2014 | 2014-09-30 | 18.86% | −6.13 pp |
| Q3 2014 | 2014-06-30 | 7.47% | −3.22 pp |
| Q2 2014 | 2014-03-31 | 19.61% | +6.43 pp |
| Q1 2014 | 2013-12-31 | 9.15% | +6.98 pp |
| Q4 2013 | 2013-09-30 | 24.98% | +5.45 pp |
| Q3 2013 | 2013-06-30 | 10.68% | +0.67 pp |
| Q2 2013 | 2013-03-31 | 13.17% | +3.72 pp |
| Q1 2013 | 2012-12-31 | 2.17% | −3.16 pp |
| Q4 2012 | 2012-09-30 | 19.54% | +4.25 pp |
| Q3 2012 | 2012-06-30 | 10.01% | +6.92 pp |
| Q2 2012 | 2012-03-31 | 9.45% | −9.66 pp |
| Q1 2012 | 2011-12-31 | 5.33% | −4.21 pp |
| Q4 2011 | 2011-09-30 | 15.29% | −4.58 pp |
| Q3 2011 | 2011-06-30 | 3.09% | — |
| Q2 2011 | 2011-03-31 | 19.10% | — |
| Q1 2011 | 2010-12-31 | 9.55% | — |
| Q3 2010 | 2010-06-30 | 19.87% | — |
Tennessee Valley Authority operating margin trends
Over the last five reported fiscal years, Tennessee Valley Authority's operating margin decreased from 26.45% to 18.79%, a change of −7.66 percentage points. The latest reported quarter, Q3 2026, shows 17.75%.
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 Tennessee Valley Authority filings at SEC.gov ↗