T
$22.85+1.60%
as of close, Oct 13, 2026
☾ AH $22.85 +1.60%
AT&T Inc.Stock · Communication ServicesS&P 500 0.2%Russell 1000 0.2%US Stock Market 0.2%S&P 500 Equal Weight 0.2%Russell 3000 0.2%MSCI World 0.2%MSCI ACWI 0.2%
T financial statements
The full income statement, balance sheet, and cash-flow statement for AT&T Inc. (T), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 7.17B2024-09 7.18B2024-12 7.18B2025-03 7.20B2025-06 7.15B2025-09 7.09B2025-12 7.00B2026-03 6.95B2026-06 6.85B-4.4% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 126B+2.7% | 122B-0.1% | 122B+1.4% | 121B-9.9% | 134B-6.3% | |
| Selling, general & administrative | 28.9B+1.9% | 28.4B-1.6% | 28.9B-0.3% | 29.0B-2.4% | 29.7B-3.7% | |
| Amortization of intangibles | — | — | — | — | 4.29B-48.0% | |
| Provision for credit losses | 2.27B+15.3% | 1.97B+0.0% | 1.97B+5.6% | 1.86B+50.3% | 1.24B-31.0% | |
| Operating income | 24.2B+26.8% | 19.0B-18.8% | 23.5B+611.5% | -4.59B-117.7% | 25.9B+209.3% | |
| Interest expense | 6.80B+0.7% | 6.76B+0.8% | 6.70B+9.8% | 6.11B-9.1% | 6.72B-13.1% | |
| Other non-operating income | 7.75B+220.5% | 2.42B+70.8% | 1.42B-75.6% | 5.81B-38.1% | 9.39B+962.8% | |
| Equity-method income | 1.90B-4.7% | 1.99B+18.7% | 1.68B-6.5% | 1.79B+197.0% | 603M+577.5% | |
| Gain (loss) on equity securities | 85.0M-59.3% | 209M-18.7% | 257M+183.2% | -309M-205.5% | 293M+71.3% | |
| Pre-tax income | 27.0B+61.7% | 16.7B-15.9% | 19.8B+741.5% | -3.09B-110.6% | 29.2B+8340.4% | |
| Income tax | 3.62B-18.5% | 4.45B+5.2% | 4.22B+11.8% | 3.78B-29.9% | 5.39B+361.9% | |
| 22.0B+100.5% | 10.9B-24.0% | 14.4B+268.9% | -8.52B-142.4% | 20.1B+488.0% | ||
| Income from continuing operations | — | 10.7B-24.3% | 14.2B+266.1% | -8.55B-138.7% | 22.1B+793.4% | |
| Discontinued operations | — | 0.00 | 0.00+100.0% | -181M+92.1% | -2.30B+0.1% | |
| Net income to non-controlling interest | 1.43B+9.8% | 1.30B+6.7% | 1.22B-16.7% | 1.47B+5.1% | 1.40B+3.2% | |
| Preferred dividends | 64.0M-68.3% | 202M-2.9% | 208M | — | — | |
| Net income to common | 21.9B+103.7% | 10.7B-24.3% | 14.2B+262.6% | -8.73B-143.9% | 19.9B+470.2% | |
| $3.04+104.0% | $1.49-24.4% | $1.97+274.3% | -$1.13-141.4% | $2.73+464.0% | ||
| EPS (basic) | $3.04+104.0% | $1.49-24.4% | $1.97+274.3% | -$1.13-140.8% | $2.77+469.3% | |
| Weighted-avg shares (basic) | 7.17B-0.4% | 7.20B+0.3% | 7.18B+0.2% | 7.17B-0.0% | 7.17B+0.2% | |
| Weighted-avg shares (diluted) | 7.18B-0.3% | 7.20B-0.7% | 7.26B-4.3% | 7.59B+1.1% | 7.50B+0.5% | |
| Dividends per share | $1.11+0.0% | $1.11+0.0% | $1.11+0.0% | $1.11-46.6% | $2.08+0.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 48.7B+56.4% | 31.2B-14.5% | 36.5B+10.1% | 33.1B-80.6% | 171B+228.3% | ||
| Cash & equivalents | 18.2B+452.9% | 3.30B-50.9% | 6.72B+81.6% | 3.70B-80.7% | 19.2B+142.6% | |
| Accounts receivable | 8.84B-8.2% | 9.64B-6.3% | 10.3B-10.3% | 11.5B-6.9% | 12.3B-39.1% | |
| Inventory | 2.42B+6.6% | 2.27B+4.3% | 2.18B-30.3% | 3.12B | — | |
| Prepaid expenses | 19.2B+20.5% | 16.0B-7.6% | 17.3B+16.5% | 14.8B-8.1% | 16.1B-12.1% | |
| Other current assets | — | — | 17.3B+16.5% | 14.8B-8.1% | 16.1B-12.1% | |
| 420B+6.4% | 395B-3.0% | 407B+1.0% | 403B-27.0% | 552B+4.9% | ||
| Operating lease right-of-use | 22.6B+8.3% | 20.9B+0.0% | 20.9B-4.2% | 21.8B-0.0% | 21.8B-11.7% | |
| Goodwill | 63.4B-0.0% | 63.4B-6.5% | 67.9B-0.1% | 67.9B-26.8% | 92.7B-0.1% | |
| Deferred tax assets | 72.0M-10.0% | 80.0M-3.6% | 83.0M-3.5% | 86.0M+855.6% | 9.00M-95.5% | |
| Other non-current assets | 19.3B+8.4% | 17.8B-9.0% | 19.6B-0.1% | 19.6B+1.9% | 19.3B-18.5% | |
| 53.8B+14.7% | 46.9B-8.3% | 51.1B-9.0% | 56.2B-47.1% | 106B+67.5% | ||
| Accounts payable | 29.9B+9.0% | 27.4B+0.5% | 27.3B-12.2% | 31.1B+5.4% | 29.5B-7.3% | |
| Accrued liabilities | 38.5B+8.0% | 35.7B-0.5% | 35.9B-15.9% | 42.6B+9.1% | 39.1B-21.9% | |
| Deferred revenue | 4.27B+4.1% | 4.10B+8.5% | 3.78B-3.6% | 3.92B | — | |
| Short-term & current debt | 9.01B+77.1% | 5.09B-46.3% | 9.48B+26.9% | 7.47B-69.7% | 24.6B+609.5% | |
| Current lease liability | 3.58B+1.4% | 3.53B+0.3% | 3.52B-0.6% | 3.55B+4.5% | 3.39B-4.1% | |
| Other current liabilities | — | — | 0.00-100.0% | 130M-96.7% | 3.97B-35.8% | |
| Finance lease liability (current) | 190M+6.1% | 179M-2.2% | 183M+7.6% | 170M+33.9% | 127M-32.8% | |
| Long-term debt | 135B+10.3% | 122B-8.5% | 133B+0.1% | 133B-20.5% | 167B+7.9% | |
| Non-current lease liability | 18.9B+8.9% | 17.4B-1.0% | 17.6B-5.8% | 18.7B-1.6% | 19.0B-14.6% | |
| Operating lease liability (total) | 22.5B+7.6% | 20.9B-0.8% | 21.1B-5.0% | 22.2B-0.6% | 22.3B-13.2% | |
| Finance lease liability (total) | 1.38B-2.4% | 1.42B-23.0% | 1.84B+1.2% | 1.82B+15.8% | 1.57B-22.9% | |
| Finance lease liability | 1.19B-3.6% | 1.24B-25.3% | 1.66B+0.5% | 1.65B+14.2% | 1.44B-21.9% | |
| Deferred tax liabilities | 58.3B-1.1% | 58.9B+0.5% | 58.7B+2.9% | 57.0B+6.1% | 53.8B-11.1% | |
| Other non-current liabilities | 25.1B+5.0% | 23.9B+0.9% | 23.7B-17.9% | 28.8B+14.3% | 25.2B-11.0% | |
| 126B+7.0% | 118B+0.7% | 117B+10.3% | 106B-42.1% | 184B+2.6% | ||
| Common stock | 7.62B+0.0% | 7.62B+0.0% | 7.62B+0.0% | 7.62B+0.0% | 7.62B+0.0% | |
| Additional paid-in capital | 107B-2.4% | 109B-4.7% | 115B-7.4% | 124B-5.0% | 130B-0.0% | |
| Retained earnings | 15.8B+742.8% | 1.87B+137.3% | -5.01B+74.2% | -19.4B-145.8% | 42.4B+13.1% | |
| Treasury stock | 18.5B+23.3% | 15.0B-6.9% | 16.1B-5.6% | 17.1B-1.1% | 17.3B-3.5% | |
| Accumulated other comprehensive income | -860M-208.2% | 795M-65.4% | 2.30B-16.8% | 2.77B-21.6% | 3.53B-18.5% | |
| Non-controlling interest | 16.0B+15.0% | 13.9B-1.9% | 14.1B+57.9% | 8.96B-48.9% | 17.5B-0.3% | |
| Total equity incl. non-controlling | 126B+7.0% | 118B+0.7% | 117B+10.3% | 106B-42.1% | 184B+2.6% | |
| Total liabilities & equity | 420B+6.4% | 395B-3.0% | 407B+1.0% | 403B-27.0% | 552B+4.9% | |
| Common shares issued | 7.62B+0.0% | 7.62B+0.0% | 7.62B+0.0% | 7.62B+0.0% | 7.62B+0.0% | |
| Common shares outstanding | 7.62B+0.0% | 7.62B+0.0% | 7.62B+0.0% | 7.62B+0.0% | 7.62B+0.0% | |
| Shares outstanding (cover) | 7.00B-2.5% | 7.18B+0.4% | 7.15B+0.3% | 7.13B-0.2% | 7.14B+0.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 40.3B+3.9% | 38.8B+1.2% | 38.3B+7.0% | 35.8B-14.6% | 42.0B-2.7% | ||
| Depreciation & amortization | 20.9B+1.5% | 20.6B+9.6% | 18.8B+4.2% | 18.0B+0.9% | 17.9B-20.7% | |
| Intangible amortization | — | — | — | — | 4.29B-48.0% | |
| Deferred income taxes | — | 1.57B-48.3% | 3.04B+2.1% | 2.98B-59.9% | 7.41B+245.5% | |
| -18.8B-7.4% | -17.5B+11.0% | -19.7B | — | -32.1B-136.9% | ||
| Capital expenditure | 20.8B+2.9% | 20.3B+13.5% | 17.9B-9.0% | 19.6B+26.3% | 15.5B+5.8% | |
| Free cash flow | 19.4B+5.0% | 18.5B-9.5% | 20.5B+26.4% | 16.2B-38.7% | 26.4B-7.1% | |
| Acquisitions | 379M-0.3% | 380M-87.1% | 2.94B-71.2% | 10.2B-59.9% | 25.5B+1466.3% | |
| Other investing activities | 955M+124.7% | 425M+406.0% | 84.0M+2700.0% | 3.00M+150.0% | -6.00M+98.5% | |
| -6.39B+74.2% | -24.7B-58.2% | -15.6B | — | 1.58B+104.9% | ||
| Long-term debt issued | 14.0B+73726.3% | 19.0M-99.8% | 10.0B+235.8% | 2.98B-70.0% | 9.93B-69.0% | |
| Long-term debt repaid | 5.53B-46.3% | 10.3B-14.5% | 12.0B-52.1% | 25.1B+726.5% | 3.04B-92.2% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 4.50B+1993.0% | 215M+10.8% | 194M-78.2% | 890M+340.6% | 202M-96.3% | |
| Dividends paid | 8.18B-0.3% | 8.21B+0.9% | 8.14B-17.5% | 9.86B-34.6% | 15.1B+0.7% | |
| Other financing activities | -1.13B+49.6% | -2.23B+1.6% | -2.27B+29.5% | -3.22B-44.4% | -2.23B+50.4% | |
| Net change in cash | — | — | — | — | 11.4B+572.0% | |
| Interest paid | 6.63B-7.1% | 7.13B-3.2% | 7.37B-5.2% | 7.77B+3.8% | 7.49B-6.6% | |
| Income taxes paid | 1.35B-44.9% | 2.46B+53.6% | 1.60B+170.1% | 592M+134.9% | 252M-56.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 174B+6.4% | 163B+36.2% | 120B-8.6% | 131B-1.1% | 133B-14.3% | |
| P/E | 7.9×-46.9% | 14.9× | — | 5.1×-23.5% | 6.6× | |
| P/S | 1.4×+3.6% | 1.3×+35.6% | 1.0×-9.5% | 1.1×+10.0% | 1.0×-8.6% | |
| P/B | 1.4×-0.5% | 1.4×+35.8% | 1.0×+8.6% | 0.9×+29.9% | 0.7×-16.5% | |
| P/FCF | 8.9×+1.3% | 8.8×+45.8% | 6.1×+22.0% | 5.0×-1.1% | 5.0×-7.8% | |
| Earnings yield | 12.6%+88.5% | 6.7% | — | 19.8%+30.7% | 15.1% | |
| FCF yield | 11.2%-1.3% | 11.3%-31.4% | 16.5%-18.0% | 20.1%+1.1% | 19.9%+8.4% | |
| Dividend yield | 4.5%-8.3% | 4.9%-26.3% | 6.6%+9.7% | 6.0%-46.1% | 11.2%+16.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: T’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all T filings on SEC EDGAR → Not investment advice.