T-Mobile US (TMUS) financials
T-Mobile US revenue and earnings by year
T-Mobile US's revenue was $88.3 billion in the fiscal year to December 31, 2025, up 8.5% from the year before. Net income was $11.0 billion, 12.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 10.0% 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 | 88.3 | 81.4 | 78.6 | 79.6 | 80.1 | 68.4 | 45.0 | 43.3 | 40.6 | 37.5 |
| Revenue growth | 8.5% | 3.6% | -1.3% | -0.7% | 17.1% | 52.0% | 3.9% | 6.7% | 8.3% | — |
| Gross profit | 55.5 | 51.7 | 48.4 | 43.4 | 43.5 | 40.1 | 26.5 | 25.0 | 22.9 | 20.9 |
| Gross margin | 62.9% | 63.6% | 61.6% | 54.5% | 54.3% | 58.7% | 58.8% | 57.6% | 56.4% | 55.9% |
| Operating income | 18.1 | 18.1 | 14.3 | 6.5 | 6.7 | 6.2 | 5.7 | 5.3 | 4.7 | 3.2 |
| Operating margin | 20.4% | 22.3% | 18.2% | 8.2% | 8.4% | 9.1% | 12.7% | 12.3% | 11.5% | 8.6% |
| Net income | 11.0 | 11.3 | 8.3 | 2.6 | 3.0 | 3.1 | 3.5 | 2.9 | 4.5 | 1.5 |
| Net margin | 12.4% | 13.9% | 10.6% | 3.3% | 3.8% | 4.5% | 7.7% | 6.7% | 11.2% | 3.9% |
| Diluted EPS | $9.72 | $9.66 | $6.93 | $2.06 | $2.41 | $2.79 | $4.03 | $3.38 | $5.21 | $1.68 |
| Free cash flow | 20.2 | 13.6 | 8.9 | 2.8 | 1.6 | -2.4 | 0.5 | -1.6 | -1.4 | -1.9 |
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 TMUS in Markets.
How T-Mobile US makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Branded Postpaid Revenue | $16.3B | 69.0% |
| Product Equipment | $3.93B | 16.7% |
| Branded Prepaid Revenue | $2.43B | 10.3% |
| Wholesale & Other Service Revenue | $679M | 2.9% |
| Product & Service Other | $280M | 1.2% |
See also: TMUS valuation and P/E history · TMUS returns
No forecast, no recommendation. This page describes T-Mobile US 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.