Tesla, Inc. (TSLA) stock
TSLANasdaqMotor Vehicles & Passenger Car BodiesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 22, 2026Score 11/30892% above fair value
$390.22−7.23 (-1.82%)
Close on Nov 13, 2026Market cap $1.54TP/E 428.8Yield –
Tesla operating margin
Operating margin is operating income as a percentage of revenue.
Tesla's operating margin for the twelve months ending Sep 30, 2026 was 3.3%. For fiscal 2025 it was 4.6%, against 7.2% the year before. The highest annual figure on record is 16.8% in fiscal 2022.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 4.6% | −2.7 |
| FY2024 | Dec 31, 2024 | 7.2% | −1.9 |
| FY2023 | Dec 31, 2023 | 9.2% | −7.6 |
| FY2022 | Dec 31, 2022 | 16.8% | +4.6 |
| FY2021 | Dec 31, 2021 | 12.1% | +5.8 |
| FY2020 | Dec 31, 2020 | 6.3% | +6.6 |
| FY2019 | Dec 31, 2019 | -0.3% | +1.5 |
| FY2018 | Dec 31, 2018 | -1.8% | +12.1 |
| FY2017 | Dec 31, 2017 | -13.9% | −4.3 |
| FY2016 | Dec 31, 2016 | -9.5% | +8.2 |
| FY2015 | Dec 31, 2015 | -17.7% | −11.9 |
| FY2014 | Dec 31, 2014 | -5.8% | −2.8 |
| FY2013 | Dec 31, 2013 | -3.0% | +92.4 |
| FY2012 | Dec 31, 2012 | -95.4% | +27.7 |
| FY2011 | Dec 31, 2011 | -123.1% | +2.6 |
| FY2010 | Dec 31, 2010 | -125.8% | −79.4 |
| FY2009 | Dec 31, 2009 | -46.4% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 2.6% | −3.2 |
| Q2 FY2026 | Jun 30, 2026 | 1.4% | −2.7 |
| Q1 FY2026 | Mar 31, 2026 | 4.2% | +2.1 |
| Q4 FY2025 | Dec 31, 2025 | 5.7% | −0.5 |
| Q3 FY2025 | Sep 30, 2025 | 5.8% | −5.0 |
| Q2 FY2025 | Jun 30, 2025 | 4.1% | −2.2 |
| Q1 FY2025 | Mar 31, 2025 | 2.1% | −3.4 |
| Q4 FY2024 | Dec 31, 2024 | 6.2% | −2.0 |
| Q3 FY2024 | Sep 30, 2024 | 10.8% | +3.2 |
| Q2 FY2024 | Jun 30, 2024 | 6.3% | −3.3 |
| Q1 FY2024 | Mar 31, 2024 | 5.5% | −5.9 |
| Q4 FY2023 | Dec 31, 2023 | 8.2% | −7.8 |
| Q3 FY2023 | Sep 30, 2023 | 7.6% | −9.6 |
| Q2 FY2023 | Jun 30, 2023 | 9.6% | −4.9 |
| Q1 FY2023 | Mar 31, 2023 | 11.4% | −7.8 |
| Q4 FY2022 | Dec 31, 2022 | 16.0% | +1.3 |
| Q3 FY2022 | Sep 30, 2022 | 17.2% | +2.6 |
| Q2 FY2022 | Jun 30, 2022 | 14.6% | +3.6 |
| Q1 FY2022 | Mar 31, 2022 | 19.2% | +13.5 |
| Q4 FY2021 | Dec 31, 2021 | 14.7% | +9.4 |
| Q3 FY2021 | Sep 30, 2021 | 14.6% | +5.3 |
| Q2 FY2021 | Jun 30, 2021 | 11.0% | +5.6 |
| Q1 FY2021 | Mar 31, 2021 | 5.7% | +1.0 |
| Q4 FY2020 | Dec 31, 2020 | 5.4% | +0.5 |
| Q3 FY2020 | Sep 30, 2020 | 9.2% | +5.1 |
| Q2 FY2020 | Jun 30, 2020 | 5.4% | +8.0 |
| Q1 FY2020 | Mar 31, 2020 | 4.7% | +16.2 |
| Q4 FY2019 | Dec 31, 2019 | 4.9% | −0.9 |
| Q3 FY2019 | Sep 30, 2019 | 4.1% | −2.0 |
| Q2 FY2019 | Jun 30, 2019 | -2.6% | +12.9 |
| Q1 FY2019 | Mar 31, 2019 | -11.5% | +6.0 |
| Q4 FY2018 | Dec 31, 2018 | 5.7% | +23.9 |
| Q3 FY2018 | Sep 30, 2018 | 6.1% | +24.0 |
| Q2 FY2018 | Jun 30, 2018 | -15.5% | −6.9 |
| Q1 FY2018 | Mar 31, 2018 | -17.5% | −8.0 |
| Q4 FY2017 | Dec 31, 2017 | -18.2% | −6.5 |
| Q3 FY2017 | Sep 30, 2017 | -17.9% | – |
| Q2 FY2017 | Jun 30, 2017 | -8.6% | – |
| Q1 FY2017 | Mar 31, 2017 | -9.6% | – |
| Q4 FY2016 | Dec 31, 2016 | -11.7% | – |
See a number that looks wrong?