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Tennessee Valley Authority (TVE) operating margin by quarter
Tennessee Valley Authority's operating margin was 17.8% in Q3 FY26 (third quarter fiscal 2026), -2.4 pts from Q2 FY26. Over the last 7 quarters it ranged from 15.6% (Q3 FY25) to 23.6% (Q4 FY25).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 FY26 | 17.8% | -2.4 pts | +2.1 pts |
| Q2 FY26 | 20.1% | +2.0 pts | -0.1 pts |
| Q1 FY26 | 18.1% | -5.5 pts | — |
| Q4 FY25 | 23.6% | +7.9 pts | +0.9 pts |
| Q3 FY25 | 15.6% | -4.6 pts | — |
| Q2 FY25 | 20.3% | -2.5 pts | — |
| Q4 FY24 | 22.7% | — | — |
Q3 FY26 at a glance
Tennessee Valley Authority, Q3 FY26: revenue $3.4B (+4% year over year), operating margin 17.8%, net earnings $307M, operating cash flow $777M. The chart follows the revenue to costs, profit and cash.
Questions
What is Tennessee Valley Authority's operating margin?
Tennessee Valley Authority's operating margin was 17.8% in Q3 FY26 (third quarter fiscal 2026), -2.4 pts from Q2 FY26.
How has Tennessee Valley Authority's operating margin changed?
Over the last 7 quarters it ranged from 15.6% (Q3 FY25) to 23.6% (Q4 FY25).
Q3 FY26 results → · How Tennessee Valley Authority makes money →