Communication services companies with the highest operating margin

Operating margin is operating income divided by revenue. Only companies with at least $1 billion in revenue are ranked here. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–66 of 66 · Fiscal year 2025 · Data as of September 25, 2026

Only companies with at least $1bn in revenue are ranked.

Ihs Holding (IHS) tops the list with 51.9% in operating margin for fiscal 2025, ahead of Rogers Communications (45.2%) and Veon (32.7%). Across the top 10, operating margin ranges from 51.9% down to 23.6%. 66 companies in Communication services report operating margin, 4.4% of the 1486-filer universe. The last place on the list, Iqiyi, comes in at 0.8%.

Operating margin
#CompanyOperating marginYoY15-year trend
1Ihs HoldingIHSGB51.9%+31.3%
2Rogers CommunicationsRCICA45.2%−3.1%
3VeonVEONAE32.7%+18.0%
4Planet FitnessPLNTUS29.8%+8.6%
5NetflixNFLXUS29.5%+10.4%
6Thomson ReutersTRICA28.5%−1.9%
7Millicom International CellularTIGOLU28.2%+21.8%
8TimTIMBBR23.8%+10.1%
9Kyivstar GroupKYIVAE23.7%−37.5%
10Charter CommunicationsCHTRUS23.6%−1.0%
11Churchill DownsCHDNUS23.4%−9.9%
12United Parks & ResortsPRKSUS22.0%−18.1%
13Verizon CommunicationsVZUS21.2%−0.5%
14T-Mobile USTMUSUS20.7%−6.4%
15Clear Channel OutdoorCCOUS19.4%+4.4%
16AT&TTUS19.2%+23.5%
17Versant MediaVSNTUS19.0%−27.0%
18Vail ResortsMTNUS18.9%+11.5%
19FoxFOXAUS18.8%+24.8%
20Walt DisneyDISUS18.6%+8.8%
21Tko GroupTKOUS17.6%+2,683.3%
22Sirius XMSIRIUS17.2%+34.6 pp
23Nexstar MediaNXSTUS17.2%−26.8%
24ComcastCMCSAUS16.7%−11.3%
25John Wiley & SonsWLYUS16.5%+25.1%
26Life Time GroupLTHUS16.1%+17.8%
27New York TimesNYTUS15.3%+12.5%
28PearsonPSOGB14.2%−6.9%
29Mcgraw HillMHUS13.2%−9.9%
30Liberty MediaFWONAUS12.9%+63.9%
31Spotify TechnologySPOTLU12.8%+46.8%
32Gray MediaGTNUS12.7%−45.8%
33Ziff DavisZDUS12.6%+55.6%
34Brightstar LotteryBRSLGB11.9%−56.4%
35Uniti GroupUNITUS11.7%−76.7%
36TelusTUCA11.5%−16.2%
37Lucky Strike EntertainmentLUCKUS11.0%−3.8%
38NewsNWSAUS10.9%+54.0%
39DeluxeDLXUS10.9%+20.3%
40CriteoCRTOLU10.4%+33.1%
41Warner MusicWMGUS10.3%−19.2%
42E.W. ScrippsSSPUS8.6%−47.9%
43IdtIDTUS8.2%+51.8%
44Accel EntertainmentACELUS8.1%+9.8%
45Rush Street InteractiveRSIUS7.7%+184.3%
46CimpressCMPRIE6.6%−11.5%
47AngiANGIUS6.3%+243.7%
48Acco BrandsACCOUS6.1%+8.3 pp
49Amc Global MediaAMCXUS5.8%+7.4 pp
50StagwellSTGWUS5.5%+16.7%
51SinclairSBGIUS5.5%−64.8%
52Live Nation EntertainmentLYVUS5.0%+39.4%
53Cinemark HoldingsCNKUS4.9%−40.4%
54Quad/GraphicsQUADUS4.0%+457.9%
55Lionsgate StudiosLIONCA3.7%+4.4 pp
56Sunrise CommunicationsSNNRFCH3.2%−7.3%
57WPPWPPGB2.8%−68.6%
58Omnicom GroupOMCUS2.6%−82.2%
59SESSGBAFLU2.4%−23.8%
60Liberty Latin AmericaLILAUS2.4%+4.2 pp
61ViasatVSATUS2.3%+4.5 pp
62CalixCALXUS2.1%+7.3 pp
63Warner Bros. DiscoveryWBDUS2.0%+27.5 pp
64Madison Square Garden SportsMSGSUS1.4%−90.0%
65ScholasticSCHLUS1.0%−1.1%
66IqiyiIQCN0.8%−86.4%

All figures from SEC filings · FY2025 · 66

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{{cite web |title=Communication services companies with the highest operating margin |url=https://companiesranked.com/en/communication-services-companies-with-the-highest-operating-margin |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-communication-services-companies-with-the-highest-operating-margin-2026,
  author       = {{CompaniesRanked}},
  title        = {{Communication services companies with the highest operating margin}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/communication-services-companies-with-the-highest-operating-margin}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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