AT&T Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	125,648	122,336	122,428	120,741	134,038
Revenue Growth (YoY)	2.71%	-0.07%	1.40%	-9.92%	-6.30%
Cost of Revenue	50,820	49,221	50,123	50,848	60,407
Gross Profit	74,828	73,115	72,305	69,893	73,631
Selling, General & Admin	27,376	26,085	27,357	23,523	21,015
Operating Expenses	48,262	46,665	46,134	41,544	38,867
Operating Income	26,566	26,450	26,171	28,349	34,764
Interest Expense	-6,804	-6,759	-6,704	-6,108	-6,716
Earnings From Equity Investments	1,895	1,989	1,675	1,791	603
Currency Exchange Gain (Loss)	-	-	-	1	1
Other Non Operating Income (Expenses)	6,188	248	-101	371	26
EBT Excluding Unusual Items	27,845	21,928	21,041	24,404	28,678
Merger & Restructuring Charges	-	-	-	-1,273	-
Impairment of Goodwill	-	-4,422	-	-24,812	-
Gain (Loss) on Sale of Investments	-	-155	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	706
Asset Writedown	-838	-653	-1,193	-1,413	-213
Pretax Income	27,007	16,698	19,848	-3,094	29,171
Income Tax Expense	3,621	4,445	4,225	3,780	5,395
Earnings From Continuing Operations	23,386	12,253	15,623	-6,874	23,776
Earnings From Discontinued Operations	-	-	-	-181	-2,297
Net Income to Company	23,386	12,253	15,623	-7,055	21,479
Minority Interest in Earnings	-1,433	-1,305	-1,223	-1,469	-1,398
Net Income	21,953	10,948	14,400	-8,524	20,081
Preferred Dividends & Other Adjustments	64	202	208	-460	207
Net Income to Common	21,889	10,746	14,192	-8,064	19,874
Net Income Growth	100.52%	-23.97%	-	-	-
Shares Outstanding (Basic)	7,169	7,199	7,181	7,166	7,168
Shares Outstanding (Diluted)	7,179	7,204	7,258	7,166	7,503
Shares Change (YoY)	-0.35%	-0.74%	1.28%	-4.49%	4.83%
EPS (Basic)	3.05	1.49	1.98	-1.13	2.77
EPS (Diluted)	3.05	1.49	1.97	-1.13	2.73
EPS Growth	104.75%	-24.25%	-	-	-
Free Cash Flow	19,442	18,508	20,461	12,397	26,413
Free Cash Flow Per Share	2.71	2.57	2.82	1.73	3.52
Dividend Per Share	1.110	1.110	1.110	1.110	2.080
Dividend Growth	-	-	-	-46.63%	-
Gross Margin	59.55%	59.77%	59.06%	57.89%	54.93%
Operating Margin	21.14%	21.62%	21.38%	23.48%	25.94%
Profit Margin	17.42%	8.78%	11.59%	-6.68%	14.83%
Free Cash Flow Margin	15.47%	15.13%	16.71%	10.27%	19.71%
EBITDA	44,243	43,954	41,925	43,398	49,707
EBITDA Margin	35.21%	35.93%	34.24%	35.94%	37.08%
D&A For EBITDA	17,677	17,504	15,754	15,049	14,943
EBIT	26,566	26,450	26,171	28,349	34,764
EBIT Margin	21.14%	21.62%	21.38%	23.48%	25.94%
Effective Tax Rate	13.41%	26.62%	21.29%	-	18.49%
Revenue as Reported	125,648	122,336	122,428	120,741	134,038
Advertising Expenses	3,105	2,505	2,576	2,462	-

Updated Jan 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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