AT&T T
Public, NYSE, reports in USD. Founded 1983.
Theme: Mobile.
Data Utility.
2025-08-01 — Stagnant, compare to Telia and Elisa
Financials millions, USD
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 125.6bn USD | 1.3 % | 59.5 % | – | 24.2bn USD | 19.3 % | 21.9bn USD | 3.04 | 20.6 | |
| 2024 | 124.0bn USD | 1.3 % | 59.7 % | – | 26.4bn USD | 21.3 % | 10.9bn USD | 1.49 | 22.7 | |
| 2023 | 122.3bn USD | -0.1 % | 59.0 % | – | 24.7bn USD | 20.2 % | 14.4bn USD | 1.97 | 20.1 | |
| 2022 | 122.4bn USD | – | 58.5 % | – | 22.9bn USD | 18.7 % | -8.5bn USD | -1.13 | – | |
| 2026-Q2 | 31.6bn USD | 2.3 % | 61.8 % | – | 7.3bn USD | 23.2 % | 4.6bn USD | 0.66 | 25.5 | |
| 2026-Q1 | 31.5bn USD | – | 60.1 % | – | 6.7bn USD | 21.1 % | 3.8bn USD | 0.54 | – | |
| 2025-Q4 | 33.5bn USD | – | 55.7 % | – | 6.1bn USD | 18.3 % | 3.8bn USD | 0.53 | – | |
| 2025-Q3 | 30.7bn USD | – | 61.5 % | – | 6.1bn USD | 19.9 % | 9.3bn USD | 1.29 | – | |
| 2025-Q2 | 30.8bn USD | – | 60.6 % | – | 6.5bn USD | 21.1 % | 4.5bn USD | 0.62 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q3: yfinance
- 2025-Q2: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 31.6bn USD | 30.8bn USD | +711m (+2 %) |
| Op. margin | 23.2 % | 21.1 % | +2.1 pts |
| FCF | 5.2bn USD | 4.9bn USD | +304m (+6 %) |
| Op. income | 7.3bn USD | ||
| Net income | 4.6bn USD | ||
| EPS (diluted) | 0.66 | 6.5 % |
Cash flow millions, USD
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 40.3bn USD | 20.8bn USD | 19.4bn USD | 15.5 % | 184.0 % | 21.0bn USD | 21.2bn USD | 27.9bn USD | 15.1bn USD |
| 2024 | 38.8bn USD | 20.3bn USD | 18.5bn USD | 14.9 % | 354.1 % | 19.4bn USD | 19.1bn USD | 6.2bn USD | -3.4bn USD |
| 2023 | 38.3bn USD | 17.9bn USD | 20.5bn USD | 16.7 % | 266.1 % | 19.4bn USD | 21.1bn USD | 19.4bn USD | 3.0bn USD |
| 2022 | 32.0bn USD | 19.6bn USD | 12.4bn USD | 10.1 % | – | – | – | -25.9bn USD | -17.5bn USD |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 26.80 USD | 2026-09-15 | |
|---|---|---|---|
| Market cap | 183.7bn USD | 2026-09-15 | |
| 52w high | 29.65 USD | 2026-09-15 | |
| 52w low | 19.89 USD | 2026-09-15 | |
| Off 52w high % | -9.6 % | ||
| P/S | 1.5 | ||
| Lifetime CAGR | 11.7 % |
Notes
- 2025-08-01 opinion Stagnant, compare to Telia and Elisa