Lumen Technologies (LUMN) financials
Lumen Technologies revenue and earnings by year
Lumen Technologies's revenue was $12.4 billion in the fiscal year to December 31, 2025, down 5.4% from the year before. Net income was -$1.74 billion, -14.0% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 3.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.4 | 13.1 | 14.6 | 17.5 | 19.7 | 20.7 | 21.5 | 22.6 | 17.7 | 17.5 |
| Revenue growth | -5.4% | -10.0% | -16.7% | -11.2% | -4.9% | -3.5% | -5.0% | 27.9% | 1.1% | — |
| Gross profit | 5.8 | 6.4 | 7.4 | 9.6 | 11.2 | 11.8 | 12.3 | 12.6 | 9.5 | 9.7 |
| Gross margin | 46.5% | 48.9% | 50.9% | 55.0% | 56.9% | 56.9% | 57.4% | 55.7% | 53.5% | 55.5% |
| Operating income | -0.8 | 0.5 | -9.5 | -0.0 | 4.3 | 1.0 | -2.7 | 0.6 | 2.0 | 2.3 |
| Operating margin | -6.5% | 3.6% | -65.0% | -0.1% | 21.8% | 4.6% | -12.7% | 2.5% | 11.4% | 13.4% |
| Net income | -1.7 | -0.1 | -10.3 | -1.5 | 2.0 | -1.2 | -5.3 | -1.7 | 1.4 | 0.6 |
| Net margin | -14.0% | -0.4% | -70.7% | -8.9% | 10.3% | -5.9% | -24.6% | -7.7% | 7.9% | 3.6% |
| Diluted EPS | -$1.75 | -$0.06 | -$10.48 | -$1.54 | $1.91 | -$1.14 | -$4.93 | -$1.63 | $1.76 | $1.16 |
| Free cash flow | 0.4 | 1.5 | -0.8 | 1.8 | 3.7 | 2.9 | 3.1 | 4.0 | 2.3 | 1.7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open LUMN in Markets.
How Lumen Technologies makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Business | $2.44B | 87.1% |
| Mass Market | $361M | 12.9% |
See also: LUMN valuation and P/E history · LUMN returns
No forecast, no recommendation. This page describes Lumen Technologies from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.