AT&T Inc. (T) Financial Statements
Industry: Telephone Communications (No Radiotelephone)
In fiscal 2025, AT&T reported revenue of $125.65B, up 2.7% from $122.34B the year before. Net income was $21.95B (a 17.5% net margin), or $3.04 per diluted share. Gross margin was 19.2% and operating margin was 19.2%. Operating activities generated $40.28B of cash, leaving $19.44B of free cash flow. At fiscal year end, AT&T held $420.20B in total assets against $293.71B in total liabilities, including $18.23B of cash and equivalents.
Open the full interactive AT&T financials → Quarterly statements, key ratios, valuation history and price charts.
AT&T Key Stats
| Share Price | $22.85 |
|---|---|
| Market Cap | $158.72B |
| P/E Ratio | 7.5 |
| Revenue YoY Growth | +2.7% |
| 52-Week Range | $19.98 – $28.10 |
| Shares Outstanding | 6.94 billion (basic, 2026 Q2) |
AT&T Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $171.76B | $168.86B | $120.74B | $122.43B | $122.34B | $125.65B |
| Cost of Goods Sold | $165.35B | $145.52B | $125.33B | $98.97B | $103.29B | $101.49B |
| Gross Profit | $6.41B | $23.35B | -$4.59B | $23.46B | $19.05B | $24.16B |
| Operating Income | $6.41B | $23.35B | -$4.59B | $23.46B | $19.05B | $24.16B |
| Pre-Tax Income | -$2.86B | $26.95B | -$3.09B | $19.85B | $16.70B | $27.01B |
| Income Tax | $965.0M | $5.47B | $3.78B | $4.22B | $4.45B | $3.62B |
| Net Income | -$5.18B | $20.08B | -$8.52B | $14.40B | $10.95B | $21.95B |
| Diluted EPS | -$0.75 | $2.76 | -$1.13 | $1.97 | $1.49 | $3.04 |
AT&T Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $30.71B | $33.47B | $31.51B | $31.56B |
| Net Income | $9.31B | $3.79B | $3.83B | $4.63B |
| Diluted EPS | $1.29 | $0.53 | $0.54 | $0.66 |
AT&T Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.74B | $21.17B | $3.70B | $6.72B | $3.30B | $18.23B |
| Current Assets | $52.01B | $60.00B | $33.11B | $36.46B | $31.17B | $48.73B |
| Total Assets | $525.76B | $551.62B | $402.85B | $407.06B | $394.80B | $420.20B |
| Current Liabilities | $63.44B | $85.59B | $56.17B | $51.13B | $46.87B | $53.78B |
| Total Long-Term Debt | $157.25B | $160.67B | $135.02B | $135.24B | $123.53B | $136.10B |
| Total Liabilities | $346.52B | $367.77B | $296.40B | $289.62B | $276.55B | $293.71B |
| Shareholders' Equity | $179.24B | $183.85B | $106.46B | $117.44B | $118.25B | $126.49B |
AT&T Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $43.13B | $41.96B | $35.81B | $38.31B | $38.77B | $40.28B |
| Cash From Investing | -$13.55B | -$32.09B | — | — | — | -$18.78B |
| Cash From Financing | -$32.01B | $1.58B | — | — | — | -$6.39B |
| Free Cash Flow | $27.45B | $25.43B | $16.19B | $20.46B | $18.51B | $19.44B |
Figures from AT&T's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full AT&T financials page for every line item.
AT&T Company Profile
| Ticker | T |
|---|---|
| Exchange | NYSE |
| Industry | Telephone Communications (No Radiotelephone) |
| Headquarters | Dallas, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000732717 |
Frequently Asked Questions
What was AT&T's revenue in fiscal 2025?
AT&T (T) reported revenue of $125.65B for fiscal 2025.
What is AT&T's annual revenue history?
AT&T's annual revenue by fiscal year: 2020: $171.76B; 2021: $168.86B; 2022: $120.74B; 2023: $122.43B; 2024: $122.34B; 2025: $125.65B.
What was AT&T's net income in fiscal 2025?
AT&T reported net income of $21.95B for fiscal 2025.
What was AT&T's earnings per share (EPS) in fiscal 2025?
AT&T's diluted EPS was $3.04 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did AT&T generate in fiscal 2025?
AT&T generated $19.44B of free cash flow in fiscal 2025.
What was AT&T's revenue last quarter?
In its most recent reported quarter (2026 Q2), AT&T reported revenue of $31.56B.
How much debt does AT&T have?
AT&T reported $136.10B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of AT&T are outstanding?
AT&T reported a weighted average of 6.94 billion basic shares outstanding in 2026 Q2.
What is AT&T's market cap?
Based on its latest closing price, AT&T (T) has a market capitalization of about $158.72B.
When does AT&T's fiscal year end?
AT&T's fiscal year end, as registered with the SEC, is December 31.
Where is AT&T headquartered?
AT&T lists its business address in Dallas, Texas in its SEC filings.
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