Filing Flows › Tesla (TSLA) › Operating margin
Tesla (TSLA) operating margin by quarter
Tesla's operating margin was 2.6% in Q3 2026 (third quarter 2026), +1.2 pts from Q2 2026. Over the last 7 quarters it ranged from 1.4% (Q2 2026) to 5.8% (Q3 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 2.6% | +1.2 pts | -3.2 pts |
| Q2 2026 | 1.4% | -2.8 pts | -2.7 pts |
| Q1 2026 | 4.2% | -1.5 pts | +2.1 pts |
| Q4 2025 | 5.7% | -0.1 pts | — |
| Q3 2025 | 5.8% | +1.7 pts | — |
| Q2 2025 | 4.1% | +2.0 pts | — |
| Q1 2025 | 2.1% | — | — |
Q3 2026 at a glance
Tesla, Q3 2026: revenue $28.0B (-0.2% year over year), operating margin 2.6%, net earnings $804M, operating cash flow $6.3B. The chart follows the revenue to costs, profit and cash.
Questions
What is Tesla's operating margin?
Tesla's operating margin was 2.6% in Q3 2026 (third quarter 2026), +1.2 pts from Q2 2026.
How has Tesla's operating margin changed?
Over the last 7 quarters it ranged from 1.4% (Q2 2026) to 5.8% (Q3 2025).