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Comcast (CMCSA) operating margin by quarter

Comcast's operating margin was 18.2% in Q3 2026 (third quarter 2026), +0.9 pts from Q2 2026. Over the last 7 quarters it ranged from 10.8% (Q4 2025) to 19.8% (Q2 2025).

Comcast operating margin by quarterComcast operating margin by quarter18.9%Q1 202519.8%Q2 202517.7%Q3 202510.8%Q4 202513.1%Q1 202617.2%Q2 202618.2%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202618.2%+0.9 pts+0.4 pts
Q2 202617.2%+4.1 pts-2.5 pts
Q1 202613.1%+2.3 pts-5.8 pts
Q4 202510.8%-6.9 pts—
Q3 202517.7%-2.0 pts—
Q2 202519.8%+0.8 pts—
Q1 202518.9%——

Q3 2026 at a glance

Comcast, Q3 2026: revenue $29.3B (-6% year over year), operating margin 18.2%, net earnings $3.4B, operating cash flow $7.9B. The chart follows the revenue to costs, profit and cash.

Questions

What is Comcast's operating margin?

Comcast's operating margin was 18.2% in Q3 2026 (third quarter 2026), +0.9 pts from Q2 2026.

How has Comcast's operating margin changed?

Over the last 7 quarters it ranged from 10.8% (Q4 2025) to 19.8% (Q2 2025).

Q3 2026 results → · How Comcast makes money →