AT&T Inc (T) financials
AT&T revenue and earnings by year
AT&T's revenue was $126 billion in the fiscal year to December 31, 2025, up 2.7% from the year before. Net income was $22.0 billion, 17.5% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 2.9% 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 | 125.6 | 122.3 | 122.4 | 120.7 | 134.0 | 143.1 | 181.2 | 170.8 | 160.5 | 163.8 |
| Revenue growth | 2.7% | -0.1% | 1.4% | -9.9% | -6.3% | -21.1% | 6.1% | 6.4% | -2.0% | — |
| Gross profit | 74.8 | 73.1 | 72.3 | 69.9 | 73.6 | 77.4 | 97.1 | 91.3 | 82.7 | 86.6 |
| Gross margin | 59.6% | 59.8% | 59.1% | 57.9% | 54.9% | 54.1% | 53.6% | 53.5% | 51.5% | 52.9% |
| Operating income | 24.2 | 19.0 | 23.5 | -4.6 | 25.9 | 8.4 | 28.0 | 26.1 | 20.0 | 23.5 |
| Operating margin | 19.2% | 15.6% | 19.2% | -3.8% | 19.3% | 5.9% | 15.4% | 15.3% | 12.4% | 14.4% |
| Net income | 22.0 | 10.9 | 14.4 | -8.5 | 20.1 | -5.2 | 13.9 | 19.4 | 29.5 | 13.0 |
| Net margin | 17.5% | 8.9% | 11.8% | -7.1% | 15.0% | -3.6% | 7.7% | 11.3% | 18.3% | 7.9% |
| Diluted EPS | $3.04 | $1.49 | $1.97 | -$1.13 | $2.06 | -$0.57 | $1.44 | $2.17 | $4.00 | $1.58 |
| Free cash flow | 19.4 | 18.5 | 20.5 | 12.4 | 26.4 | 28.4 | 29.0 | 22.4 | 17.4 | 16.9 |
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 T in Markets.
How AT&T makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Advanced Connectivity | $29.5B | 91.4% |
| Legacy | $1.52B | 4.7% |
| Latin America | $1.24B | 3.8% |
See also: T valuation and P/E history · T returns
No forecast, no recommendation. This page describes AT&T Inc 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.