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Operating Margin for Telephone and Data Systems (TDS)

As of · Reported

Metric

TTM

-1.1%

YoY change

−6.32pp

Trough year (2023)

-8.0%

Peak year (1985)

21.2%

Operating Margin history chart for Telephone and Data Systems (TDS) from 1985 to 2025

Latest: -5.0%

Operating Margin change chart for Telephone and Data Systems (TDS) from 1985 to 2025

Latest: −6.32pp

Operating Margin history table for Telephone and Data Systems (TDS) from 1985 to 2025

  • 2025-5.0%-6.32pp
  • 20241.3%+9.29pp
  • 2023-8.0%-10.28pp
  • 20222.3%-2.64pp
  • 20214.9%-0.06pp
  • 20205.0%+1.50pp
  • 20193.5%-0.55pp
  • 20184.0%+6.09pp
  • 2017-2.1%-3.26pp
  • 20161.2%-6.50pp
  • 20157.7%+11.46pp
  • 2014-3.8%-8.59pp
  • 20134.8%+1.36pp
  • 20123.4%-3.56pp
  • 20117.0%+1.18pp
  • 20105.8%-2.31pp
  • 20098.1%+5.61pp
  • 20082.5%-8.42pp
  • 200710.9%+1.47pp
  • 20069.5%-0.59pp
  • 200510.1%+4.12pp
  • 20045.9%-3.23pp
  • 20039.2%-3.78pp
  • 200212.9%-3.86pp
  • 200116.8%-1.25pp
  • 200018.1%-0.16pp
  • 199918.2%+19.37pp
  • 1998-1.2%-0.91pp
  • 1997-0.3%-12.94pp
  • 199612.7%-1.14pp
  • 199513.8%-1.06pp
  • 199414.9%+3.09pp
  • 199311.8%-0.04pp
  • 199211.8%+0.40pp
  • 199111.4%-4.55pp
  • 199016.0%+4.26pp
  • 198911.7%-3.56pp
  • 198815.3%-2.30pp
  • 198717.6%+0.16pp
  • 198617.4%-3.74pp
  • 198521.2%—

Operating Margin values are taken from Telephone and Data Systems's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at Telephone and Data Systems (TDS)

According to Telephone and Data Systems's latest reported financial statements, the company's latest reported operating margin is -1.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Telephone and Data Systems (TDS) operating margin totalled -5.05% – contracted 6.3 percentage points year-over-year.

The record annual operating margin stands at 21.16%, reached in 1985; the historical low of -8.02% was recorded in 2023.

Telephone and Data Systems Operating Margin by Year

Telephone and Data Systems Operating Margin 2025: -5.0%

Telephone and Data Systems posted operating margin of -5.05% in 2025, contracted 6.3 percentage points from 2024.

Telephone and Data Systems Operating Margin 2024: 1.3%

In 2024, Telephone and Data Systems reported operating margin of 1.27%, expanded 9.3 percentage points from 2023.

Telephone and Data Systems Operating Margin 2023: -8.0%

Telephone and Data Systems operating margin in 2023 was -8.02%, contracted 10.3 percentage points from 2022. This figure represents the lowest annual value in the available history.

Telephone and Data Systems Operating Margin 2022: 2.3%

2022's operating margin for Telephone and Data Systems came in at 2.25%, contracted 2.6 percentage points from 2021.

Telephone and Data Systems Operating Margin 2021: 4.9%

Telephone and Data Systems operating margin in 2021 was 4.90%.

See more financial history for Telephone and Data Systems (TDS).

Sector peers by Operating Margin

Communication Services peers of Telephone and Data Systems (TDS), ranked by their latest operating margin

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