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AT&T Inc. (T) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

COMMUNICATION SERVICES · Integrated Telecommunication Services · DATA UPDATED 2026-07-12

AT&T Inc. (T) operates in the Integrated Telecommunication Services industry and is headquartered in Dallas, United States with about 133,030 employees. Its market capitalization is roughly $165 billion. In the fiscal year ended 2025-12-31, T reported $125.6B in revenue and $21.9B in net income.

AT&T Inc. provides telecommunications and technology services worldwide. It operates through two segments, Communications and Latin America.

Interactive charts & full statements → Open the T valuation workbench →

T Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$126.5B	$125.6B	$122.3B	$122.4B	$120.7B	$134.0B	$171.8B	$181.2B	$170.8B	$160.5B	$163.8B	$146.8B	$132.4B	$128.8B	$127.4B	$126.7B	$124.3B	$122.5B	$123.4B	$118.9B	$63.1B
Gross Profit	$54.2B	$100.2B	$52.5B	$53.5B	$69.9B	$73.6B	$63.3B	$68.9B	$63.0B	$58.3B	$61.1B	$57.7B	$53.6B	$58.9B	$54.1B	$51.0B	$52.6B	$52.4B	$54.2B	$51.3B	$25.8B
Gross Margin %	42.8%	79.8%	42.9%	43.7%	57.9%	54.9%	36.9%	38.0%	36.9%	36.3%	37.3%	39.3%	40.4%	45.7%	42.4%	40.2%	42.4%	42.8%	44.0%	43.1%	40.9%
Operating Income (EBIT)	$24.5B	$24.2B	$24.3B	$24.8B	($4.6B)	$25.9B	$25.7B	$30.4B	$27.3B	$23.5B	$25.9B	$26.7B	$13.9B	$30.5B	$13.0B	$12.1B	$19.6B	$21.0B	$24.0B	$21.7B	$11.1B
Operating Margin %	19.4%	19.2%	19.8%	20.2%	-3.8%	19.3%	15.0%	16.8%	16.0%	14.6%	15.8%	18.2%	10.5%	23.7%	10.2%	9.6%	15.8%	17.1%	19.5%	18.2%	17.5%
Net Income	$21.4B	$21.9B	$10.9B	$14.4B	($8.5B)	$20.1B	($5.2B)	$13.9B	$19.4B	$29.4B	$13.0B	$13.3B	$6.4B	$18.4B	$7.3B	$3.9B	$19.9B	$12.1B	($2.6B)	$12.0B	$7.4B
Net Margin %	16.9%	17.4%	8.9%	11.8%	-7.1%	15.0%	-3.0%	7.7%	11.3%	18.3%	7.9%	9.1%	4.9%	14.3%	5.7%	3.1%	16.0%	9.9%	-2.1%	10.1%	11.7%
EBITDA	$54.1B	$54.7B	$44.0B	$45.3B	$21.1B	$53.7B	$33.6B	$55.1B	$61.2B	$45.8B	$50.5B	$46.8B	$31.8B	$50.1B	$32.0B	$28.6B	$40.6B	$41.4B	$43.4B	$43.5B	$22.6B
Earnings Per Share (EPS)	$2.99	$3.05	$1.52	$1.98	$-1.12	$2.68	$-0.72	$1.89	$2.85	$4.76	$2.10	$2.36	$1.23	$3.42	$1.25	$0.66	$3.35	$2.05	$-0.44	$1.94	$1.89
Shares Outstanding (M)	7,027M	7,179M	7,204M	7,258M	7,587M	7,503M	7,183M	7,348M	6,806M	6,183M	6,189M	5,646M	5,221M	5,385M	5,821M	5,950M	5,938M	5,924M	5,958M	6,170M	3,902M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

T Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$31.5B	$33.5B	$30.7B	$30.8B	$30.6B	$32.3B	$30.2B	$29.8B
Gross Profit	$14.0B	$13.2B	$13.6B	$13.4B	$18.6B	$12.7B	$13.5B	$13.3B
Gross Margin %	44.4%	39.4%	44.2%	43.6%	60.7%	39.4%	44.7%	44.6%
Operating Income (EBIT)	$6.7B	$5.2B	$6.1B	$6.5B	$5.8B	$5.3B	$6.6B	$6.3B
Operating Margin %	21.1%	15.4%	19.9%	21.2%	18.8%	16.6%	21.8%	21.1%
Net Income	$3.8B	$3.7B	$9.3B	$4.5B	$4.4B	$4.1B	($174M)	$3.6B
Net Margin %	12.2%	11.1%	30.3%	14.6%	14.2%	12.6%	-0.6%	12.1%
EBITDA	$12.2B	$11.2B	$17.7B	$13.0B	$12.8B	$12.3B	$8.2B	$11.8B
Earnings Per Share (EPS)	$0.54	$0.52	$1.30	$0.62	$0.60	$0.57	$-0.02	$0.50
Shares Outstanding (M)	7,027M	7,179M	7,169M	7,219M	7,223M	7,206M	7,208M	7,198M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

T Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$38.8B	$40.3B	$38.8B	$38.3B	$32.0B	$42.0B	$43.1B	$48.7B	$43.6B	$38.0B	$39.3B	$35.9B	$31.3B	$34.8B	$39.2B	$34.6B	$35.0B	$34.4B	$33.7B	$34.1B	$15.6B
Capital Expenditures (CapEx)	$21.4B	$20.8B	$20.3B	$17.9B	$19.6B	$16.5B	$15.7B	$19.4B	$20.8B	$20.6B	$21.5B	$19.2B	$21.2B	$20.9B	$19.5B	$20.1B	$19.5B	$16.6B	$19.7B	$17.7B	$8.3B
Free Cash Flow (FCF)	$17.4B	$19.4B	$18.5B	$20.5B	$12.4B	$25.4B	$27.5B	$29.2B	$22.8B	$17.4B	$17.8B	$16.7B	$10.1B	$13.9B	$19.7B	$14.5B	$15.5B	$17.9B	$14.0B	$16.4B	$7.3B
FCF Margin %	13.7%	15.5%	15.1%	16.7%	10.3%	19.0%	16.0%	16.1%	13.4%	10.8%	10.9%	11.3%	7.7%	10.8%	15.5%	11.5%	12.4%	14.6%	11.3%	13.8%	11.6%
Dividends Paid	$8.1B	$8.2B	$8.2B	$8.1B	$9.9B	$15.1B	$15.0B	$14.9B	$13.4B	$12.0B	$11.8B	$10.2B	$9.6B	$9.7B	$10.2B	$10.2B	$9.9B	$9.7B	$9.5B	$8.7B	$5.2B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

T Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$7.6B	$11.3B	$10.2B	$9.8B	$9.0B	$11.9B	$10.2B	$9.1B
Capital Expenditures (CapEx)	$4.9B	$6.8B	$4.9B	$4.9B	$4.3B	$6.8B	$5.3B	$4.4B
Free Cash Flow (FCF)	$2.7B	$4.5B	$5.3B	$4.9B	$4.8B	$5.1B	$4.9B	$4.7B
FCF Margin %	8.5%	13.6%	17.1%	15.8%	15.6%	15.6%	16.3%	15.9%
Dividends Paid	$2.0B	$2.0B	$2.0B	$2.0B	$2.1B	$2.0B	$2.0B	$2.1B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

T Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$421.2B	$420.2B	$394.8B	$407.1B	$402.9B	$551.6B	$525.8B	$551.7B	$531.9B	$444.1B	$403.8B	$402.7B	$296.8B	$277.8B	$272.3B	$270.4B	$269.4B	$268.3B	$265.2B	$275.6B	$270.6B
Cash & Cash Equivalents	$12.0B	$18.2B	$3.3B	$6.7B	$3.7B	$19.2B	$9.7B	$12.1B	$5.2B	$50.5B	$5.8B	$5.1B	$8.6B	$3.3B	$4.9B	$3.0B	$1.4B	$3.7B	$1.8B	$2.0B	$2.4B
Total Liabilities	$293.6B	$291.7B	$274.6B	$287.6B	$296.4B	$367.8B	$346.5B	$349.7B	$338.0B	$302.1B	$279.7B	$279.0B	$206.6B	$186.3B	$179.6B	$164.6B	$157.4B	$166.3B	$168.5B	$160.3B	$155.1B
Total Debt (Short + Long-Term)	$138.4B	$136.1B	$123.5B	$137.3B	$136.0B	$178.7B	$157.4B	$161.3B	$176.5B	$164.3B	$123.5B	$129.6B	$82.1B	$74.8B	$69.8B	$64.8B	$66.2B	$72.1B	$75.0B	$64.1B	$59.8B
Total Shareholders' Equity	$109.7B	$110.5B	$104.4B	$103.3B	$97.5B	$166.3B	$161.7B	$184.2B	$184.1B	$140.9B	$123.1B	$122.7B	$89.7B	$91.0B	$92.4B	$105.5B	$111.6B	$101.6B	$96.3B	$115.4B	$115.5B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive T viewer.

Other Companies in Integrated Telecommunication Services

VZ · Verizon — $194 billion

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