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T-Mobile US (TMUS) stock

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NASDAQ: TMUS Nasdaq Wireless Telecommunication Services Next results ~February 10, 2027

B Fundamentals grade

T-Mobile US is a US-listed company in the wireless telecommunication services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: latest balance sheet has no long-term debt figure we can read (last reported 2025-12-31).

Price vs value

Under review: latest balance sheet has no long-term debt figure we can read (last reported 2025-12-31). We'll show the comparison once resolved.

T-Mobile US valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter T-Mobile US files

10-Q filed October 28: T-Mobile US

T-Mobile US posted revenue of $93.8bn for the twelve months to September 2026, up 9.3% on a year earlier and broadly in line with the prior quarter's pace. Free-cash-flow margin held steady at 19.9%. The diluted share count has fallen 4.2% year on year, boosting the value attributable to each remaining share. The fundamentals grade improves from B to B+. At $147, the market appears to be pricing in cash-flow growth of only about 0.6% a year over five years, markedly slower than the 3.2% a year revenue growth T-Mobile has actually delivered.

Our model value for T-Mobile US is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where T-Mobile US stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $92.2bn, up 9.7% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin held at 20.0%. Operating margin narrowed to 19.8% from 23.1%. The diluted share count is down 3.9% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 0 of our 1 financial-health checks. At that price, our model says the market is pricing in about 0.7% a year of cash-flow growth for five years, slower than the 2.8% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 10, 2027 (estimated)

T-Mobile US's trailing-twelve-month revenue grew 9.3% year on year, with a free-cash-flow margin of 19.9%. Where it stands out: operating margin of 20.7% ranks 1 of 6 wireless telecommunication services companies we cover. Where it lags: change in growth rate of -0.4pp ranks 7 of 7 wireless telecommunication services companies we cover.

Our discounted-cash-flow model values the business at ~$350 per share in the base case (~$260–$470 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 11% in the quarter to 2026-09-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 4.2% in a year, so each share owns more of the business.

Things to watch

  • Below peers: change in growth rate. Change in growth rate of -0.4pp ranks 7 of 7 wireless telecommunication services companies we cover (median +15.6pp).

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$3.22 against an average estimate of $2.91: beat by 10.6%
Revenue
$23.58bn, up 7.4% on a year earlier
Share reaction
+0.3% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Guidance given
postpaid net account additions 950 to 1050 (2026); core Adjusted EBITDA $37.1bn to $37.5bn (2026)
Next report
October 28, 2026; average EPS estimate $2.69

T-Mobile US's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.4%
  • 1 week+9.0%
  • 1 month-2.1%
  • This year-19.9%
  • 1 year-22.1%
  • 5 years+38.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$93.8B
Operating margin
20.7%
Net margin
12.0%
EPS (TTM, diluted)
$10.33

Growth

Revenue growth
+9.3%
Change in growth rate
−0.4 pts
Share count change
−4.2%

Cash

Free cash flow (TTM)
$18.7B
FCF margin
19.9%
Stock pay % of revenue
0.9%

Earnings

Last results
October 28, 2026
Next results (est.)
February 10, 2027

News & updates

Updated November 1, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Results
  3. Leadership
  4. Our research
  5. Leadership
  6. Results
  7. Guidance
  8. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

T-Mobile US valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: latest balance sheet has no long-term debt figure we can read (last reported 2025-12-31): held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value T-Mobile US as an operating company, with every model that fits that kind of business. Cost of equity 7.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.59 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$110 ~$76–$170 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$120 ~$100–$160 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare T-Mobile US with Wireless Telecommunication Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$37.20$54.68$60.39$60.48$74.56$128.22$110.27$133.11$153.11$213.90$199.82$160.15
Market value$30.6bn$45.6bn$52.6bn$51.9bn$64.4bn$148.1bn$138.4bn$167.1bn$183.8bn$250.9bn$226.0bn$175.1bn
+ Net debt (− = net cash)$21.7bn$22.3bn$27.1bn$26.3bn$23.5bn$65.3bn$70.9bn$72.6bn$73.5bn$76.9bn$85.8bn−$5.6bn
Enterprise value$52.3bn$67.8bn$79.7bn$78.3bn$87.8bn$213.4bn$209.3bn$239.7bn$257.3bn$327.9bn$311.8bn$169.5bn
Multiples
Price / sales 0.9x1.2x1.3x1.2x1.4x2.2x1.7x2.1x2.3x3.1x2.6x1.9x
Price / earnings 41.7x31.2x11.6x18.0x18.6x48.3x45.8x64.5x22.1x22.1x20.6x15.5x
Price / free cash flow 44.3x———148.7x—87.0x59.4x21.0x18.7x12.6x9.4x
EV / EBITDA 7.3x6.6x7.3x6.6x7.1x10.3x9.0x11.9x9.5x10.6x9.8x5.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

46 /100

Moderate moat

How hard T-Mobile US's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 4 / 20

    Net income has been a median 3.8% of total assets over 10 years.

  • Durability 10 / 20

    Operating margin has been a median 12.5%; its worst year was 6.1%.

  • Cash conversion 7 / 20

    Free cash flow was positive in 6 of 10 years, at a median 1.9% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 12.7% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (51 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $11.15 +15% $94.6bn +7%
Next $13.98 +25% $98.8bn +4%

Next year's EPS estimate has moved +0.7% in 90 days, across 21 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.0% on 90 days ago. In the last 30 days, 4 analysts raised T-Mobile US's forecast and 1 cut it.

Consensus EPS forecast T-Mobile US, last 90 days
$10.00 $11.00 $12.00 $13.00 $14.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $10.93 Current fiscal year, 60 days ago: $10.95 Current fiscal year, 30 days ago: $10.95 Current fiscal year, 7 days ago: $10.95 Current fiscal year, Now: $11.15 $11.15 Next fiscal year, 90 days ago: $13.88 Next fiscal year, 60 days ago: $13.90 Next fiscal year, 30 days ago: $13.93 Next fiscal year, 7 days ago: $13.93 Next fiscal year, Now: $13.98 $13.98

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $10.93$13.88
60 days ago $10.95$13.90
30 days ago $10.95$13.93
7 days ago $10.95$13.93
Now $11.15$13.98

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.91 $3.22 +10.6%
Jun 2026 $2.60 $2.99 +14.9%
Mar 2026 $1.97 $2.27 +15.1%
Dec 2025 $2.06 $1.88 −8.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 23, 2026
  • Postpaid net account additions 2026 950k to 1,050k Maintained
    “Postpaid net account additions (thousands) 950 1,050 950 1,050 -” source
  • Core Adjusted EBITDA 2026 $37.1bn to $37.5bn Non-GAAP Maintained
    “Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between $37.1 billion and $37.5 billion.” source
  • Net cash provided by operating activities 2026 $28.4bn to $28.8bn GAAP Raised
    “Net cash provided by operating activities, including net payments for UScellular merger-related costs, is now expected to be between $28.4 billion and $28.8 billion, an increase from prior guidance of $28.1 billion to $28.7 billion.” source
  • Cash purchases of property and equipment, including capitalized interest 2026 about $10bn GAAP Maintained
    “Cash purchases of property and equipment, including capitalized interest, are expected to be approximately $10.0 billion.” source
  • Adjusted Free Cash Flow 2026 $18.4bn to $18.8bn Non-GAAP Raised
    “Adjusted Free Cash Flow, including net payments for UScellular merger-related costs, is now expected to be between $18.4 billion and $18.8 billion, an increase from prior guidance of $18.1 billion to $18.7 billion.” source
  • Effective tax rate 2026 25% to 26% Maintained
    “Effective tax rate 25% 26% 25% 26% -” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

28 analysts, Oct 2026
Buy2486%
Hold414%
Sell00%

Monthly trend

  1. Oct 2026915428
  2. Sep 2026914528
  3. Aug 2026913527
  4. Jul 2026914427

Counts of recommendations published by analysts covering T-Mobile US, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.2%
of tradable shares
Days to cover
2.4
at average volume
Short interest, 1 month
−17%
to October 15, 2026
Held by institutions
44%
of shares
Held by insiders
56.3%
of shares
Employees
75,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −22.1%

$205.70 on October 31, 2025 to $160.15

ThenNowEffect
Revenue (last 12 months) $84.1bn $92.2bn +9.7%
Net margin 14.5% 11.5% −21.2%
P/E multiple 19.4x 16.8x −13.5%
Share count 1153m 1107m +4.1%

Biggest factor: net margin.

Last 3 years +14.2%

$140.23 on November 3, 2023 to $160.15

ThenNowEffect
Revenue (last 12 months) $78.6bn $92.2bn +17.3%
Net margin 7.8% 11.5% +46.5%
P/E multiple 28.1x 16.8x −40.3%
Share count 1233m 1107m +11.4%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TMUS−14%+21%+15%+40%−7%−20%
Industry peers (median)−5%−38%+14%+25%+7%−11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TMUS42%58%58%83%33%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TMUS−29%−12%−16%−12%−28%−33%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 45% from March 3, 2025 to October 23, 2026. Getting back needed a 81% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$146.54 – $219.11
From 52-week high
−26.9%
vs 50-day average
−3.9%
vs 200-day average
−13.6%
Volatility (1 year)
35%
Beta vs S&P 500
-0.48

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±5.2%
After a week
8 up, 3 down
typical move ±5.5%
After a month
8 up, 3 down
typical move ±8.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +0.3% 0.0% — —
July 23, 2026 −5.7% −1.1% −9.2% −4.1%
April 28, 2026 +8.4% −0.5% +6.3% +3.4%
February 11, 2026 +7.6% −1.6% +8.0% +9.5%
October 23, 2025 −4.2% +1.4% −7.4% −7.9%
July 23, 2025 +6.1% +0.9% +3.6% +10.7%
April 24, 2025 −10.2% +2.8% −4.8% −6.4%
January 29, 2025 +6.0% +0.1% +9.6% +22.4%
October 23, 2024 +6.6% −0.7% +1.7% +8.0%
July 31, 2024 +6.7% +0.2% +8.7% +14.1%
April 25, 2024 −0.1% +0.6% +0.4% +1.1%
January 25, 2024 +0.1% +0.4% +0.3% +1.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

T-Mobile US in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) T-Mobile US
$75B $80B $85B $90B $95B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $78.6B Revenue (TTM), FY24 Q1: $78.5B Revenue (TTM), FY24 Q2: $79.1B Revenue (TTM), FY24 Q3: $80B Revenue (TTM), FY24 Q4: $81.4B Revenue (TTM), FY25 Q1: $82.7B Revenue (TTM), FY25 Q2: $84.1B Revenue (TTM), FY25 Q3: $85.8B Revenue (TTM), FY25 Q4: $88.3B Revenue (TTM), FY26 Q1: $90.5B Revenue (TTM), FY26 Q2: $92.2B Revenue (TTM), FY26 Q3: $93.8B $93.8B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $78.6B
FY24 Q1 $78.5B
FY24 Q2 $79.1B
FY24 Q3 $80B
FY24 Q4 $81.4B
FY25 Q1 $82.7B
FY25 Q2 $84.1B
FY25 Q3 $85.8B
FY25 Q4 $88.3B
FY26 Q1 $90.5B
FY26 Q2 $92.2B
FY26 Q3 $93.8B
Revenue growth, TTM YoY T-Mobile US
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -1.3% Revenue growth, TTM YoY, FY24 Q1: -0.7% Revenue growth, TTM YoY, FY24 Q2: 0.7% Revenue growth, TTM YoY, FY24 Q3: 2.1% Revenue growth, TTM YoY, FY24 Q4: 3.6% Revenue growth, TTM YoY, FY25 Q1: 5.3% Revenue growth, TTM YoY, FY25 Q2: 6.3% Revenue growth, TTM YoY, FY25 Q3: 7.3% Revenue growth, TTM YoY, FY25 Q4: 8.5% Revenue growth, TTM YoY, FY26 Q1: 9.5% Revenue growth, TTM YoY, FY26 Q2: 9.7% Revenue growth, TTM YoY, FY26 Q3: 9.3% 9.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -1.3%
FY24 Q1 -0.7%
FY24 Q2 0.7%
FY24 Q3 2.1%
FY24 Q4 3.6%
FY25 Q1 5.3%
FY25 Q2 6.3%
FY25 Q3 7.3%
FY25 Q4 8.5%
FY26 Q1 9.5%
FY26 Q2 9.7%
FY26 Q3 9.3%
Operating margin (TTM) T-Mobile US
18% 20% 22% 24% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 18.2% Operating margin (TTM), FY24 Q1: 18.9% Operating margin (TTM), FY24 Q2: 19.9% Operating margin (TTM), FY24 Q3: 21.1% Operating margin (TTM), FY24 Q4: 22.1% Operating margin (TTM), FY25 Q1: 22.7% Operating margin (TTM), FY25 Q2: 23.1% Operating margin (TTM), FY25 Q3: 22.3% Operating margin (TTM), FY25 Q4: 20.7% Operating margin (TTM), FY26 Q1: 19.9% Operating margin (TTM), FY26 Q2: 19.8% Operating margin (TTM), FY26 Q3: 20.7% 20.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 18.2%
FY24 Q1 18.9%
FY24 Q2 19.9%
FY24 Q3 21.1%
FY24 Q4 22.1%
FY25 Q1 22.7%
FY25 Q2 23.1%
FY25 Q3 22.3%
FY25 Q4 20.7%
FY26 Q1 19.9%
FY26 Q2 19.8%
FY26 Q3 20.7%
FCF margin (TTM) T-Mobile US
10% 15% 20% 25% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 11.1% FCF margin (TTM), FY24 Q1: 12.9% FCF margin (TTM), FY24 Q2: 15.3% FCF margin (TTM), FY24 Q3: 16.7% FCF margin (TTM), FY24 Q4: 16.5% FCF margin (TTM), FY25 Q1: 18.6% FCF margin (TTM), FY25 Q2: 19.6% FCF margin (TTM), FY25 Q3: 20.0% FCF margin (TTM), FY25 Q4: 20.4% FCF margin (TTM), FY26 Q1: 20.1% FCF margin (TTM), FY26 Q2: 20.0% FCF margin (TTM), FY26 Q3: 19.9% 19.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 11.1%
FY24 Q1 12.9%
FY24 Q2 15.3%
FY24 Q3 16.7%
FY24 Q4 16.5%
FY25 Q1 18.6%
FY25 Q2 19.6%
FY25 Q3 20.0%
FY25 Q4 20.4%
FY26 Q1 20.1%
FY26 Q2 20.0%
FY26 Q3 19.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar T-Mobile US took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $88.3B
  2. Selling, general and admin $23.5B · 26.6%
  3. Other operating costs $46.6B · 52.7%
  4. Operating income $18.3B · 20.7%
  5. Income tax $3.3B · 3.7%
  6. Interest and other $4B · 4.5%
  7. Net income $11B · 12.4%

Shares of revenue. Source: T-Mobile US's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 3.5 4.1 20.6 19.7 24.4 29.6 32.5 37.5 40.6 43.3 45.0 68.4 80.1 79.6 78.6 81.4 88.3 93.8
Gross profit 1.5 1.8 17.7 16.8 — — — — — — — — — — — — — —
EBITDA 0.9 1.2 −1.3 −3.2 4.6 5.8 7.2 10.3 10.9 11.8 12.3 20.8 23.3 20.2 27.1 30.9 31.8 33.8
Operating income 0.5 0.7 −4.3 −6.4 1.0 1.4 2.5 4.1 4.9 5.3 5.7 6.6 6.9 6.5 14.3 18.0 18.3 19.4
Net income 0.2 0.2 −4.7 −7.3 0.0 0.2 0.7 1.5 4.5 2.9 3.5 3.1 3.0 2.6 8.3 11.3 11.0 11.3
Diluted EPS $0.49 $0.54 −$8.81 −$13.70 $0.05 $0.30 $0.82 $1.69 $5.20 $3.36 $4.02 $2.65 $2.41 $2.06 $6.93 $9.66 $9.72 $10.33
Growth (year on year)
Revenue +26.5% +16.9% +406.7% −4.4% +23.8% +21.1% +9.8% +15.5% +8.3% +6.7% +3.9% +52.0% +17.1% −0.7% −1.3% +3.6% +8.5% +9.3%
EBITDA +26.3% +28.0% −211.0% — — +26.1% +23.0% +43.6% +5.6% +8.5% +4.6% +68.5% +12.0% −13.2% +34.1% +14.2% +2.8% +5.7%
Operating income +14.4% +34.3% −695.2% — — +42.2% +75.1% +63.4% +20.7% +8.6% +7.8% +16.0% +3.9% −5.1% +118.0% +26.2% +1.5% +1.3%
Net income +18.3% +9.4% <−999% — — — — +99.2% +210.7% −36.3% +20.1% −11.6% −1.3% −14.4% +221.1% +36.3% −3.1% −4.8%
Diluted EPS +16.7% +10.2% <−999% — — — — +106.1% +207.7% −35.4% +19.6% −34.1% −9.1% −14.5% +236.4% +39.4% +0.6% −0.6%
Margins
Gross margin 42.4% 43.0% 85.9% 85.1% — — — — — — — — — — — — — —
EBITDA margin 26.2% 28.7% −6.3% −16.3% 18.9% 19.7% 22.1% 27.5% 26.8% 27.2% 27.4% 30.4% 29.1% 25.4% 34.5% 38.0% 36.0% 36.1%
Operating margin 15.4% 17.7% −20.8% −32.4% 4.1% 4.8% 7.6% 10.8% 12.0% 12.3% 12.7% 9.7% 8.6% 8.2% 18.2% 22.1% 20.7% 20.7%
Net margin 5.1% 4.8% −22.9% −37.2% 0.1% 0.8% 2.3% 3.9% 11.2% 6.7% 7.7% 4.5% 3.8% 3.3% 10.6% 13.9% 12.4% 12.0%
Free-cash-flow margin 1.9% 5.0% 10.9% 4.9% −2.0% −0.6% 2.1% −5.1% −3.5% −3.8% 1.0% −3.5% 2.0% 3.5% 11.1% 16.5% 20.4% 19.9%
Cash flow
Cash from operations 0.9 1.0 5.0 3.9 3.5 4.1 5.4 2.8 3.8 3.9 6.8 8.6 13.9 16.8 18.6 22.3 28.0 28.7
Capital spending 0.8 0.8 2.7 2.9 4.0 4.3 4.7 4.7 5.2 5.5 6.4 11.0 12.3 14.0 9.8 8.8 10.0 10.1
Free cash flow 0.1 0.2 2.3 1.0 −0.5 −0.2 0.7 −1.9 −1.4 −1.6 0.4 −2.4 1.6 2.8 8.8 13.5 18.0 18.7
Stock-based pay 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.2 0.3 0.4 0.5 0.7 0.5 0.6 0.7 0.6 0.8 0.8
Free cash flow after stock pay 0.0 0.2 2.3 1.0 −0.6 −0.4 0.5 −2.2 −1.7 −2.1 −0.1 −3.1 1.1 2.2 8.1 12.8 17.2 17.8
Balance sheet
Cash 0.9 0.1 0.4 0.4 5.9 5.3 4.6 5.5 1.2 1.2 1.5 10.4 6.6 4.5 5.1 5.4 5.6 5.6
Total debt 3.6 3.8 4.8 4.8 20.2 22.0 26.2 27.8 28.3 27.5 25.0 75.7 77.6 77.1 78.6 82.3 91.4 —
Net debt (negative = net cash) 2.7 3.7 4.4 4.4 14.3 16.6 21.7 22.3 27.1 26.3 23.5 65.3 70.9 72.6 73.5 76.9 85.8 −5.6
Diluted shares 356m 356m 535m 535m 677m 816m 823m 833m 872m 858m 863m 1,155m 1,255m 1,255m 1,200m 1,173m 1,131m 1,094m
Returned to shareholders
Dividends — — — — 0.0 0.0 0.1 0.1 0.1 0.0 0.0 — 0.0 0.0 0.7 3.3 4.1 4.4
Buybacks 0.0 0.0 0.0 0.0 — — 0.0 0.0 0.4 1.1 0.0 19.5 0.0 3.0 13.1 11.2 10.0 12.0
Total returned 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.5 1.1 0.0 19.5 0.0 3.0 13.8 14.5 14.1 16.5

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 1 checks passed · September 30, 2026
What it owns · $213.1bn
Short-term assets $21.8bnLonger-term assets $191.3bn
What it owes, and who funded it · $80.3bn
Short-term liabilities $24.0bnShareholders' equity $56.3bn
  • Short-term assets cover short-term liabilities $21.8bn of assets due within a year against $24.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From T-Mobile US's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$12B
Dividends (TTM)
$4.4B
Returned to shareholders
88%
of free cash flow
Buybacks, last 3 fiscal years
$34.3B
Diluted share count
−4.2%
year over year
Total shareholder yield
9.7%
dividends 2.6% + buybacks 7.1% of market value
Dividend payout ratio
39%
of net income paid out
Sales & admin spending
26.0%
of revenue
Days sales outstanding
19 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in wireless telecommunication services
Last 12 months unless stated TMUS VOD ECHO SPOK ASTS SURG Median
Revenue, last 12 months $93.8bn $46.9bn $14.7bn $135m $115m $67m $135m
Revenue growth, last 12 months 9.3% 16.6% −5.2% −3.3% 706.3% 83.9% 16.6%
Revenue growth, 3-year average 6.2% — −6.4% −0.8% 160.0% −22.3% −0.8%
Revenue growth, latest quarter 7.4% — −4.0% −2.6% >999% 40.7% 7.4%
Gross margin 85.1% 31.5% — 78.6% 0.0% −19.6% 15.7%
Operating margin 20.7% 7.0% −112.7% 12.9% −38.6% −41.0% −12.9%
Operating margin, 3-year average 21.4% 10.6% −40.7% 13.6% — −58.6% 10.6%
Net margin 12.0% −1.0% −38.7% 13.9% −536.7% −47.9% −38.7%
Cash from operations / revenue 30.6% 35.3% −0.6% 24.7% −125.5% −23.0% −0.6%
Free-cash-flow margin 19.9% 23.3% −4.9% 22.3% <−999% −23.0% 7.5%
Free-cash-flow margin, 3-year average 18.9% 26.2% −4.1% 19.8% <−999% −36.1% 7.4%
Stock pay / revenue 0.9% 0.3% 0.5% 4.4% 128.3% 0.2% 0.7%
Change in share count −4.2% −8.1% −4.6% 2.4% — 14.9% −4.2%

Median of all 7 companies we cover in wireless telecommunication services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

7 wireless telecommunication services companies
Measure Company Peer median Rank
Revenue growth Growth 9.3% 16.6% 5 of 7
Change in growth rate Growth -0.4pp +15.6pp 7 of 7
Operating margin Profitability 20.7% 7.0% 1 of 6
Net margin Profitability 12.0% -38.7% 2 of 7
Free-cash-flow margin Cash generation 19.9% 19.9% 3 of 6
Long-term debt as % of assets Balance sheet 37.0% 40.5% 2 of 5
Days sales outstanding Balance sheet 19 days 38 days 2 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Services $71.3B 80.7% ▲ 7.7%
Branded Postpaid Revenue $57.9B 81.2% ▲ 10.7%
Branded Prepaid Revenue $10.5B 14.7% ▲ 0.9%
Wholesale and Other Service Revenue $2.9B 4.0% ▼ 16.3%
Product Equipment $16B 18.1% ▲ 12.0%
Other $1B 1.2% ▲ 7.5%

From T-Mobile US's 10-K filed February 11, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$78.6B
Institutions reporting
1,650
Shares held vs prior quarter
▼ 0.2%
Positions opened / closed
142 / 207

Top buyers and sellers, Q2 2026: 823 institutions bought and 838 sold ; the biggest buyer was Goldman Sachs Group Inc (+5.5M shares) and the biggest seller Wellington Management Group LLP (−8.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $6.6B 39.5M 8.4% ▲ 1.0%
Invesco Ltd. $5.3B 31.9M 6.8% ▲ 2.1%
Vanguard Capital Management LLC $4.9B 29.4M 6.3% ▼ 1.2%
Price T Rowe Associates Inc $4.3B 25.5M 5.4% ▼ 10.6%
State Street Corp $4.2B 25.0M 5.3% ▲ 5.5%
Morgan Stanley $2.4B 14.5M 3.1% ▲ 0.9%
Geode Capital Management, LLC $2.1B 12.8M 2.7% ▲ 2.6%
Goldman Sachs Group Inc $2B 11.8M 2.5% ▲ 88.3%
Vanguard Portfolio Management LLC $1.7B 10.4M 2.2% ▲ 4.3%
Softbank Group Corp. $1.7B 10.0M 2.1% 0.0%
Wellington Management Group LLP $1.4B 8.6M 1.8% ▼ 49.9%
FMR LLC $1.4B 8.2M 1.7% ▼ 34.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not T-Mobile US's complete shareholder register. Values are as reported by the filers ; 11 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $3M 2 trades by 2 insiders, last 12 months Insider sales History → $195M 19 trades by 10 insiders · 24% under pre-set plans
Net ▼ $192M net selling
Insider Date Trade Shares Price Value
T-Mobile Global Holding Gmbh Director May 24, 2028 Sell pre-set plan 49,635 $166.02 $8.2M
T-Mobile Global Holding Gmbh Director May 24, 2028 Sell pre-set plan 140,035 $165.53 $23.2M
Drobac Daniel James VP & Chief Accounting Officer September 10, 2026 Sell pre-set plan 772 $178.33 $137,671
Freier Jon Chief Operating Officer May 21, 2026 Sell pre-set plan 4,799 $190.00 $911,810
Katz Michael J. Chief Bus. and Prod. Officer May 1, 2026 Sell 5,000 $195.81 $979,050
Almeida Andre Chief Broadband, Ent. & Emerg May 1, 2026 Buy 5,097 $196.18 $1M
Datar Srikant M. Director March 10, 2026 Sell 1,000 $218.25 $218,250
Datar Srikant M. Director March 4, 2026 Sell 3,291 $221.10 $727,640
Nelson Mark Wolfe Chief Legal Officer & GC February 24, 2026 Sell 2,329 $222.38 $517,968
Sievert G Michael Director February 24, 2026 Sell 1,089 $221.85 $241,595
Sievert G Michael Director February 23, 2026 Sell 13,911 $220.07 $3.1M
Sievert G Michael Director February 19, 2026 Sell 80,000 $214.94 $17.2M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 68 trades and filings

In the last 12 months, 2 members of Congress disclosed 1 purchase and 2 sales of T-Mobile US shares.

  • Jonathan L. Jackson(D-IL 1):Sale (full), $50,001 - $100,000, traded January 13, 2026, filed February 23, 2026
  • Dan Newhouse(R-WA 4):Purchase, $1,001 - $15,000, traded December 11, 2025, filed January 15, 2026
  • Jonathan L. Jackson(D-IL 1):Sale (full), $1,001 - $15,000, traded November 11, 2025, filed December 5, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 10, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 23, 2026
  • April 28, 2026
  • February 11, 2026
  • October 23, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on T-Mobile US was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

T-Mobile US in brief

What does T-Mobile US do?
T-Mobile US is a US-listed company in the wireless telecommunication services industry. Its financial year ends in December.
What is T-Mobile US's stock ticker?
T-Mobile US trades under the ticker TMUS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is T-Mobile US's revenue, and how fast is it growing?
Over its most recent trailing twelve months, T-Mobile US reported revenue of $93.8B, 9.3% higher than a year earlier, according to its SEC filings.
What is T-Mobile US's free cash flow?
T-Mobile US's free-cash-flow margin is 19.9% of revenue over the trailing twelve months, ranking 3 of the 6 wireless telecommunication services companies we cover.
Who are T-Mobile US's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Invesco Ltd. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is T-Mobile US buying back stock, and does it pay a dividend?
T-Mobile US spent $12B on share repurchases over the trailing twelve months, and its diluted share count fell 4.2% over the year.
What is T-Mobile US's market cap?
On November 2, 2026, T-Mobile US's market capitalisation was about $175B, with a price-to-earnings ratio of 15.5 and net debt of -$5.6B. Market figures come from third-party market data and may be delayed.
Does T-Mobile US pay a dividend?
Yes: T-Mobile US paid $4.4B in dividends over the trailing twelve months, a dividend yield of 2.61% and a payout ratio of 39.3%.
Who are T-Mobile US's competitors?
In our Wireless Telecommunication Services peer group, the companies closest to T-Mobile US are Vodafone Group Public LTD Co, EchoStar, Spok Holdings, Inc, AST Spacemobile, Inc. and Surgepays, Inc. The side-by-side comparison below sets their revenue, margins and growth against T-Mobile US's.
Are insiders buying or selling T-Mobile US stock?
Over the last 12 months, T-Mobile US's directors and officers reported 2 open-market purchases and 19 sales on Form 4. The insider trading page charts every trade.
When is T-Mobile US's next earnings date?
Around February 10, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — T-Mobile US announces its own schedule.