AT&T income statement
In fiscal 2025, AT&T reported revenue of $125.65bn, up 2.7% on the year before, operating income of $24.16bn (a 19.2% margin) and net income of $21.95bn, or $3.04 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 122.5 | 124.3 | 126.7 | 127.4 | 128.8 | 132.4 | 146.8 | 163.8 | 160.5 | 170.8 | 181.2 | 143.1 | 134.0 | 120.7 | 122.4 | 122.3 | 125.6 | 128.9 |
| Cost of revenue | 50.6 | 50.3 | 54.9 | 55.2 | 51.5 | 60.6 | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | 71.9 | 74.0 | 71.8 | 72.2 | 77.3 | 71.8 | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general and administrative | 31.4 | 35.0 | 41.3 | 41.1 | 28.4 | 39.7 | 32.9 | 36.8 | 35.5 | 36.8 | 39.4 | 30.8 | 29.7 | 29.0 | 28.9 | 28.4 | 28.9 | 29.4 |
| Operating income | 21.0 | 19.6 | 9.2 | 13.0 | 30.8 | 12.2 | 24.8 | 23.5 | 20.0 | 26.1 | 28.0 | 8.4 | 25.9 | −4.6 | 23.5 | 19.0 | 24.2 | 23.6 |
| Interest expense | 3.4 | 3.0 | 3.5 | 3.4 | 3.9 | 3.6 | 4.1 | 4.9 | 6.3 | 8.0 | 8.4 | 7.7 | 6.7 | 6.1 | 6.7 | 6.8 | 6.8 | 7.5 |
| Income before tax | 18.5 | 18.2 | 6.7 | 10.4 | 28.1 | 10.4 | 20.7 | 19.8 | 15.1 | 24.9 | 18.5 | −0.4 | 29.2 | −3.1 | 19.8 | 16.7 | 27.0 | 18.2 |
| Income tax | 6.1 | −1.2 | 2.5 | 2.9 | 9.3 | 3.6 | 7.0 | 6.5 | −14.7 | 4.9 | 3.5 | 1.2 | 5.4 | 3.8 | 4.2 | 4.4 | 3.6 | 3.5 |
| Net income | 12.1 | 19.9 | 3.9 | 7.3 | 18.4 | 6.4 | 13.3 | 13.0 | 29.5 | 19.4 | 13.9 | −5.2 | 20.1 | −8.5 | 14.4 | 10.9 | 22.0 | 13.1 |
| Diluted EPS | $2.05 | $3.35 | $0.66 | $1.25 | $3.42 | $1.24 | $2.37 | $2.10 | $4.76 | $2.85 | $1.89 | −$0.75 | $2.73 | −$1.13 | $1.97 | $1.49 | $3.04 | $1.88 |
| Diluted shares (average) | 5,924m | 5,938m | 5,950m | 5,821m | 5,385m | 5,221m | 5,646m | 6,189m | 6,183m | 6,806m | 7,348m | 7,466m | 7,503m | 7,587m | 7,258m | 7,204m | 7,179m | 6,981m |
| EBITDA | 40.5 | 39.0 | 27.6 | 31.1 | 49.1 | 30.5 | 46.8 | 49.4 | 44.4 | 54.5 | 56.2 | 30.9 | 43.7 | 13.4 | 42.2 | 39.6 | 45.0 | 43.6 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32.3 | 30.6 | 30.8 | 30.7 | 33.5 | 31.5 | 31.6 | 32.3 |
| Selling, general and administrative | 7.4 | 7.1 | 6.9 | 7.5 | 7.4 | 7.3 | 7.2 | 7.4 |
| Operating income | 5.3 | 5.8 | 6.5 | 6.1 | 5.8 | 6.7 | 7.0 | 4.1 |
| Interest expense | 1.7 | 1.7 | 1.7 | 1.7 | 1.8 | 1.8 | 1.9 | 2.0 |
| Income before tax | 5.3 | 6.0 | 6.1 | 10.7 | 4.3 | 5.4 | 5.8 | 2.7 |
| Income tax | 0.9 | 1.3 | 1.2 | 1.0 | 0.1 | 1.2 | 0.8 | 1.4 |
| Net income | 4.1 | 4.4 | 4.5 | 9.3 | 3.8 | 3.8 | 4.6 | 0.9 |
| Diluted EPS | $0.56 | $0.61 | $0.62 | $1.29 | $0.53 | $0.54 | $0.66 | $0.12 |
| EBITDA | 10.7 | 10.9 | 11.8 | 11.4 | 10.9 | 11.6 | 12.0 | 9.1 |
Compare with peers
More: Integrated Telecommunication Services stocks compared, Communication Services sector, rankings of US companies