Revenue
$125.65B
Fiscal year ended 2025-12-31Operating income
$24.16B
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31AT&T INC. (T) reported revenue of $125.65B and net income of $21.95B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from AT&T INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Telephone Communications (No Radiotelephone).
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $125.65B | $122.34B | $122.43B | $120.74B | $134.04B | $143.05B | $181.19B | $170.76B | $160.55B | $163.79B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | $24.16B | $19.05B | $23.46B | -$4.59B | $25.90B | $8.37B | $27.96B | $26.10B | $19.97B | $23.54B |
| Net income | $21.95B | $10.95B | $14.40B | -$8.52B | $20.08B | -$5.18B | $13.90B | $19.37B | $29.45B | $12.98B |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 7.18B | shares 7.20B | shares 7.26B | shares 7.59B | shares 7.50B | shares 7.47B | shares 7.35B | shares 6.81B | shares 6.18B | shares 6.19B |
| Pretax income | $27.01B | $16.70B | $19.85B | -$3.09B | $29.17B | -$354.00M | $18.47B | $24.87B | $15.14B | $19.81B |
| Income tax expense | $3.62B | $4.44B | $4.22B | $3.78B | $5.40B | $1.17B | $3.49B | $4.92B | -$14.71B | $6.48B |
| Diluted EPS | $3.04 | $1.49 | $1.97 | $-1.13 | $2.73 | $-0.75 | $1.89 | $2.85 | $4.76 | $2.10 |
| Selling, general & administrative | $28.94B | $28.41B | $28.87B | $28.96B | $29.67B | $30.82B | $39.42B | $36.76B | $35.46B | $36.84B |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $18.23B | $3.30B | $6.72B | $3.70B | $19.22B | $7.92B | $9.70B | $5.20B | $50.50B | $5.79B |
| Total assets | $420.20B | $394.80B | $407.06B | $402.85B | $551.62B | $525.76B | $551.67B | $531.86B | $444.10B | $403.82B |
| Current assets | $48.73B | $31.17B | $36.46B | $33.11B | $170.77B | $52.01B | $54.76B | $51.43B | $79.15B | $38.37B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $53.78B | $46.87B | $51.13B | $56.17B | $106.23B | $63.44B | $68.91B | $64.42B | $81.39B | $50.58B |
| Total equity incl. NCI | $126.49B | $118.24B | $117.44B | $106.46B | $183.86B | $179.24B | $201.93B | $193.88B | $142.01B | $124.11B |
| Temporary (mezzanine) equity | $2.00B | $1.98B | $1.97B | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $2.42B | $2.27B | $2.18B | $3.12B | Unavailable | $3.59B | $2.86B | $2.77B | $2.22B | $2.04B |
| Accounts receivable | $8.84B | $9.64B | $10.29B | $11.47B | $12.31B | $20.22B | $22.64B | $26.47B | $16.52B | $16.79B |
| Goodwill | $63.42B | $63.43B | $67.85B | $67.90B | $92.74B | $92.81B | $146.24B | $146.37B | $105.45B | $105.21B |
| Long-term debt | $127.09B | $118.44B | $127.85B | $128.42B | $151.01B | $153.78B | $151.31B | $166.25B | $125.97B | $113.68B |
| Accounts payable | $29.91B | $27.43B | $27.31B | $31.10B | $29.51B | $31.84B | $29.64B | $27.02B | $24.44B | $22.03B |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $40.28B | $38.77B | $38.31B | Unavailable | $41.96B | $43.13B | $48.67B | $43.60B | $38.01B | $38.44B |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $20.65B | $21.52B |
| Investing cash flow | -$18.78B | -$17.49B | -$19.66B | Unavailable | -$32.09B | -$13.55B | -$16.69B | -$63.14B | -$18.94B | -$23.32B |
| Financing cash flow | -$6.39B | -$24.71B | -$15.61B | Unavailable | $1.58B | -$32.01B | -$25.08B | -$25.99B | $25.93B | -$14.46B |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | $11.45B | -$2.42B | $6.90B | -$45.53B | $45.00B | $662.00M |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | $8.18B | $8.21B | $8.14B | $9.86B | $15.07B | $14.96B | $14.89B | $13.41B | $12.04B | $11.80B |
| Common share repurchases | $4.50B | $215.00M | $194.00M | $890.00M | $202.00M | $5.50B | $2.42B | $609.00M | $463.00M | $512.00M |
| Depreciation & amortization | $20.89B | $20.58B | $18.78B | $18.02B | $17.85B | $22.52B | $28.22B | $28.43B | $24.39B | $25.85B |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | 19.2% | 15.6% | 19.2% | -3.8% | 19.3% | 5.9% | 15.4% | 15.3% | 12.4% | 14.4% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | 0.91x | 0.66x | 0.71x | 0.59x | 1.61x | 0.82x | 0.79x | 0.80x | 0.97x | 0.76x |
| Revenue YoY growth | 2.7% | -0.1% | 1.4% | -9.9% | -6.3% | -21.1% | 6.1% | 6.4% | -2.0% | Unavailable |
| Net margin | 17.5% | 8.9% | 11.8% | -7.1% | 15.0% | -3.6% | 7.7% | 11.3% | 18.3% | 7.9% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 1.00x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 13.4% | 26.6% | 21.3% | Unavailable | 18.5% | Unavailable | 18.9% | 19.8% | -97.2% | 32.7% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open T in the interactive workspace to inspect any figure back to its filing.
Source filings
25-NSE · Filed 2026-09-08View SEC filing
10-Q · Filed 2026-07-22View SEC filing
10-Q · Filed 2026-04-27View SEC filing
10-K · Filed 2026-02-09View SEC filing
10-Q · Filed 2025-10-31View SEC filing
10-Q · Filed 2025-07-24View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.