AT&T (T) Financial Statements & Analysis

AT&T (T) Income Statement

AT&T reported revenue of $125.65B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 2.7% from $122.34B a year earlier. Net income was $21.89B, up 99.9% year over year, a net margin of 17.4%. Gross margin was 59.6% and operating margin 19.9%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was $32.32B, up 5.3% from the same quarter a year earlier.

AT&T Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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AT&T Inc. income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	125.65	122.34	122.43	120.74	134.04	171.76	181.19	170.76	160.55
Cost of Revenue	50.82	49.22	50.12	50.85	60.41	108.44	112.36	107.85	102.20
Gross Profit	74.83	73.12	72.31	69.89	73.63	63.32	68.91	62.96	58.35
Operating Expenses
Research & Development	0.00	0.96	0.95	0.00	0.00	1.21	1.28	1.19	1.50
Selling, General & Administrative	28.94	28.41	27.36	28.96	29.67	36.40	37.25	34.47	33.34
Operating Expenses	49.83	48.99	48.84	46.98	47.73	37.61	38.53	35.67	34.84
Operating Income	25.00	24.12	23.46	22.91	25.90	25.72	30.38	27.29	23.51
Other Income/Expense
Interest Income	0.00	0.00	1.68	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	6.80	6.76	-6.70	6.11	6.70	7.91	8.40	7.91	6.28
Other Income/Expense	2.01	-0.67	-3.61	-19.90	3.27	-28.57	-11.91	-2.42	-8.37
Income
Income Before Tax	27.01	16.70	19.85	-3.09	29.17	-2.86	18.47	24.87	15.14
Income Tax Expense	3.62	4.45	4.23	3.78	5.40	0.97	3.49	4.92	-14.71
Net Income	21.89	10.95	14.19	-8.52	20.08	-5.18	13.90	19.37	29.45
Net Income - Continuous Operations	21.89	12.25	15.62	-6.87	20.08	-5.18	13.90	19.37	29.45
Net Income - Discontinued Operations	-	-	-	-0.18	-	-	-	-	-
EBITDA	54.70	44.04	41.93	21.04	53.72	33.57	55.09	61.22	45.81
EBIT	33.81	23.46	26.17	3.01	34.76	-	-	-	-
Depreciation & Amortization	20.89	20.58	15.75	18.02	17.85	28.52	28.22	28.43	24.39
Earnings Per Share
Basic EPS	3.00	1.00	2.00	-1.00	3.00	-1.00	2.00	3.00	5.00
Diluted EPS	3.00	1.00	2.00	-1.00	3.00	-1.00	2.00	3.00	5.00
Basic Shares Outstanding	7.17	7.20	7.18	7.17	7.17	7.16	7.32	6.78	6.16
Diluted Shares Outstanding	7.18	7.20	7.26	7.59	7.50	7.18	7.35	6.81	6.18

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About AT&T Financial Statements

What was AT&T's revenue in fiscal 2025?

AT&T reported revenue of $125.65B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 2.7% from $122.34B a year earlier.

Is AT&T profitable?

Yes. AT&T earned net income of $21.89B in fiscal 2025, a net margin of 17.4%. In fiscal 2024 it earned $10.95B.

What is AT&T's operating margin?

AT&T's operating income was $25.00B on revenue of $125.65B in fiscal 2025, an operating margin of 19.9%, compared with 19.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition