TMUS financial statements

The full income statement, balance sheet, and cash-flow statement for T-Mobile US Inc. (TMUS), 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 1.17B2024-09 1.16B2024-12 1.14B2025-03 1.14B2025-06 1.13B2025-09 1.12B2025-12 1.10B2026-03 1.08B2026-06 1.07B-8.1% 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.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	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	88.3B YoY+8.5%	81.4B YoY+3.6%	78.6B YoY-1.3%	79.6B YoY-0.7%	80.1B YoY+17.1%
Selling, general & administrative	23.5B YoY+12.7%	20.8B YoY-2.3%	21.3B YoY-1.4%	21.6B YoY+6.8%	20.2B YoY+6.9%
Restructuring	—	95.0M YoY-71.8%	337M YoY-71.8%	1.20B YoY+456.3%	215M YoY-79.7%
Amortization of intangibles	975M YoY+13.8%	857M YoY-3.5%	888M YoY-26.0%	1.20B YoY-7.7%	1.30B YoY+8.3%
Provision for credit losses	1.37B YoY+14.9%	1.19B YoY+32.7%	898M YoY-12.5%	1.03B YoY+127.0%	452M YoY-24.9%
Operating income	18.3B YoY+1.5%	18.0B YoY+26.2%	14.3B YoY+118.0%	6.54B YoY-5.1%	6.89B YoY+3.9%
Interest expense	—	—	—	—	3.19B YoY+28.4%
Other non-operating income	-224M YoY-298.2%	113M YoY+66.2%	68.0M YoY+306.1%	-33.0M YoY+83.4%	-199M YoY+50.9%
Pre-tax income	14.3B YoY-2.9%	14.7B YoY+33.8%	11.0B YoY+249.6%	3.15B YoY-6.1%	3.35B YoY-5.1%
Income tax	3.29B YoY-2.5%	3.37B YoY+25.8%	2.68B YoY+382.4%	556M YoY+70.0%	327M YoY-58.4%
	11.0B YoY-3.1%	11.3B YoY+36.3%	8.32B YoY+221.1%	2.59B YoY-14.4%	3.02B YoY-1.3%
Discontinued operations	—	—	—	0.00	0.00 YoY-100.0%
	$9.72 YoY+0.6%	$9.66 YoY+39.4%	$6.93 YoY+236.4%	$2.06 YoY-14.5%	$2.41 YoY-9.1%
EPS (basic)	$9.75 YoY+0.5%	$9.70 YoY+38.2%	$7.02 YoY+239.1%	$2.07 YoY-14.5%	$2.42 YoY-9.7%
	1.13B YoY-3.5%	1.17B YoY-1.3%	1.19B YoY-5.2%	1.25B YoY+0.2%	1.25B YoY+9.0%
	1.13B YoY-3.6%	1.17B YoY-2.3%	1.20B YoY-4.4%	1.26B YoY+0.0%	1.25B YoY+8.7%
Dividends per share	$3.80 YoY+2.4%	$3.71 YoY+42.7%	$2.60	—	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	24.5B YoY+32.9%	18.4B YoY-3.2%	19.0B YoY-0.3%	19.1B YoY-8.7%	20.9B YoY-12.5%
Cash & equivalents	5.60B YoY+3.5%	5.41B YoY+5.3%	5.13B YoY+13.9%	4.51B YoY-32.0%	6.63B YoY-36.1%
Accounts receivable	4.87B YoY+14.0%	4.28B YoY-8.9%	4.69B YoY+5.6%	4.45B YoY+6.0%	4.19B YoY-1.4%
Inventory	2.40B YoY+49.7%	1.61B YoY-4.2%	1.68B YoY-10.9%	1.88B YoY-26.6%	2.57B YoY+1.6%
Prepaid expenses	1.22B YoY+38.1%	880M YoY+25.4%	702M YoY+4.3%	673M YoY-9.8%	746M YoY+19.6%
Other current assets	5.37B YoY+189.9%	1.85B YoY-21.2%	2.35B YoY-3.4%	2.44B YoY+21.4%	2.00B YoY-19.7%
	219B YoY+5.4%	208B YoY+0.2%	208B YoY-1.7%	211B YoY+2.3%	207B YoY+3.2%
Property, plant & equipment	38.3B YoY-0.5%	38.5B YoY-4.7%	40.4B YoY-3.9%	42.1B YoY+5.7%	39.8B YoY-3.3%
Operating lease right-of-use	25.7B YoY+1.2%	25.4B YoY-6.4%	27.1B YoY-5.5%	28.7B YoY+6.5%	27.0B YoY-3.8%
Goodwill	13.7B YoY+5.2%	13.0B YoY+6.3%	12.2B YoY+0.0%	12.2B YoY+0.4%	12.2B YoY+9.6%
Intangible assets	3.84B YoY+53.0%	2.51B YoY-4.0%	2.62B YoY-25.4%	3.51B YoY-25.9%	4.73B YoY-10.7%
Other non-current assets	9.76B YoY+125.5%	4.33B YoY+2.3%	4.23B YoY+2.5%	4.13B YoY+27.7%	3.23B YoY+16.3%
	24.5B YoY+21.4%	20.2B YoY-3.6%	20.9B YoY-15.4%	24.7B YoY+5.3%	23.5B YoY+8.3%
Accounts payable	5.22B YoY+23.0%	4.24B YoY-23.9%	5.57B YoY-22.7%	7.21B YoY+11.0%	6.50B YoY+16.8%
Accrued liabilities	10.3B YoY+21.5%	8.46B YoY-18.4%	10.4B YoY-15.5%	12.3B YoY+7.6%	11.4B YoY+11.9%
Deferred revenue	1.53B YoY+25.5%	1.22B YoY+48.1%	825M YoY+5.8%	780M YoY-8.9%	856M YoY-16.9%
Short-term & current debt	5.13B YoY+26.2%	4.07B YoY+12.4%	3.62B YoY-29.9%	5.16B YoY+52.9%	3.38B YoY-26.2%
Current lease liability	3.81B YoY+16.2%	3.28B YoY-7.7%	3.56B YoY+1.2%	3.51B YoY+2.5%	3.42B YoY-11.5%
Other current liabilities	2.58B YoY+31.0%	1.97B YoY+51.6%	1.30B YoY-29.9%	1.85B YoY+72.9%	1.07B YoY+32.1%
Finance lease liability (current)	1.16B YoY-1.0%	1.18B YoY-6.7%	1.26B YoY+8.5%	1.16B YoY+3.7%	1.12B YoY+5.4%
Long-term debt	81.1B YoY+9.4%	74.2B YoY+3.9%	71.4B YoY+6.9%	66.8B YoY-0.4%	67.1B YoY+8.5%
Non-current lease liability	26.4B YoY-0.1%	26.4B YoY-6.5%	28.2B YoY-5.4%	29.9B YoY+15.6%	25.8B YoY-3.4%
Operating lease liability (total)	30.2B YoY+1.7%	29.7B YoY-6.6%	31.8B YoY-5.6%	33.7B YoY+15.2%	29.2B YoY-4.4%
Finance lease liability (total)	2.27B YoY-2.4%	2.33B YoY-6.8%	2.50B YoY-1.4%	2.53B YoY-1.7%	2.58B YoY+2.7%
Finance lease liability	1.11B YoY-3.8%	1.15B YoY-6.9%	1.24B YoY-9.8%	1.37B YoY-5.8%	1.46B YoY+0.8%
Deferred tax liabilities	19.6B YoY+17.3%	16.7B YoY+24.1%	13.5B YoY+23.6%	10.9B YoY+6.5%	10.2B YoY+2.5%
Other non-current liabilities	3.79B YoY-5.1%	4.00B YoY+1.8%	3.93B YoY-4.2%	4.10B YoY-19.5%	5.10B YoY-5.8%
Total non-current liabilities	136B YoY+7.5%	126B YoY+3.3%	122B YoY+4.4%	117B YoY+2.6%	114B YoY+0.7%
	59.2B YoY-4.1%	61.7B YoY-4.6%	64.7B YoY-7.1%	69.7B YoY+0.8%	69.1B YoY+5.8%
Common stock	0.00	0.00	0.00	0.00	0.00
Additional paid-in capital	69.5B YoY+1.0%	68.8B YoY+1.6%	67.7B YoY-8.4%	73.9B YoY+0.9%	73.3B YoY+0.7%
Retained earnings	21.1B YoY+46.9%	14.4B YoY+95.8%	7.35B YoY+3394.6%	-223M YoY+92.1%	-2.81B YoY+51.8%
Treasury stock	30.5B YoY+48.4%	20.6B YoY+119.6%	9.37B YoY+210.8%	3.02B YoY+23100.0%	13.0M YoY+18.2%
Accumulated other comprehensive income	-848M YoY+1.1%	-857M YoY+11.1%	-964M YoY+7.8%	-1.05B YoY+23.4%	-1.36B YoY+13.7%
Total liabilities & equity	219B YoY+5.4%	208B YoY+0.2%	208B YoY-1.7%	211B YoY+2.3%	207B YoY+3.2%
	1.28B YoY+0.4%	1.27B YoY+0.6%	1.26B YoY+0.5%	1.26B YoY+0.5%	1.25B YoY+0.6%
	1.11B YoY-3.3%	1.14B YoY-4.3%	1.20B YoY-3.1%	1.23B YoY-1.2%	1.25B YoY+0.6%
	1.10B YoY-3.5%	1.14B YoY-3.8%	1.19B YoY-2.7%	1.22B YoY-2.4%	1.25B YoY+0.5%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	27.9B YoY+25.4%	22.3B YoY+20.1%	18.6B YoY+10.6%	16.8B YoY+20.6%	13.9B YoY+61.1%
Depreciation & amortization	13.5B YoY+4.6%	12.9B YoY+0.8%	12.8B YoY-6.1%	13.7B YoY-16.7%	16.4B YoY+15.8%
Intangible amortization	975M YoY+13.8%	857M YoY-3.5%	888M YoY-26.0%	1.20B YoY-7.7%	1.30B YoY+8.3%
Share-based compensation	829M YoY+27.7%	649M YoY-2.7%	667M YoY+12.1%	595M YoY+10.2%	540M YoY-22.2%
Deferred income taxes	2.86B YoY-8.2%	3.12B YoY+20.0%	2.60B YoY+428.5%	492M YoY+149.7%	197M YoY-72.2%
Change in receivables	755M YoY-75.6%	3.09B YoY-38.7%	5.04B YoY-2.3%	5.16B YoY+59.9%	3.23B YoY-1.5%
Change in inventory	615M YoY+569.5%	-131M YoY+33.5%	-197M YoY+73.5%	-744M YoY-270.1%	-201M YoY-109.0%
Other operating activities	445M YoY+2019.0%	21.0M YoY-85.3%	143M YoY-65.5%	414M YoY+75.4%	236M YoY-35.7%
	-17.6B YoY-94.1%	-9.07B YoY-55.6%	-5.83B YoY+52.8%	-12.4B YoY+36.2%	-19.4B YoY-52.5%
Capital expenditure	9.96B YoY+12.6%	8.84B YoY-9.8%	9.80B YoY-29.8%	14.0B YoY+13.3%	12.3B YoY+11.7%
Free cash flow	18.0B YoY+33.8%	13.5B YoY+53.6%	8.76B YoY+211.6%	2.81B YoY+76.7%	1.59B YoY+166.5%
Acquisitions	3.52B YoY+844.5%	373M	0.00 YoY-100.0%	52.0M YoY-97.3%	1.92B YoY-61.7%
Other investing activities	-327M YoY-781.3%	48.0M YoY+700.0%	-8.00M YoY+94.6%	-149M YoY-192.2%	-51.0M YoY-115.1%
	-10.1B YoY+21.3%	-12.8B YoY-5.9%	-12.1B YoY-87.5%	-6.45B YoY-477.5%	1.71B YoY-86.9%
Long-term debt issued	12.0B YoY+39.9%	8.59B YoY+1.7%	8.45B YoY+127.4%	3.71B YoY-74.8%	14.7B YoY-58.3%
Long-term debt repaid	6.20B YoY+22.2%	5.07B YoY+0.4%	5.05B YoY-9.1%	5.56B YoY-49.9%	11.1B YoY-45.6%
Common stock issued	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Common stock repurchased	9.97B YoY-11.2%	11.2B YoY-14.1%	13.1B YoY+335.8%	3.00B	0.00 YoY-100.0%
Dividends paid	4.12B YoY+24.9%	3.30B YoY+341.8%	747M	0.00	0.00
Other financing activities	-111M YoY+32.7%	-165M YoY-12.2%	-147M YoY-15.7%	-127M YoY+33.5%	-191M YoY-285.4%
FX effect on cash	1.00M	0.00	0.00	—	—
Net change in cash	263M YoY-35.2%	406M YoY-35.9%	633M YoY+131.2%	-2.03B YoY+46.0%	-3.76B YoY-142.1%
Interest paid	3.88B YoY+5.4%	3.68B YoY+3.9%	3.55B YoY+1.8%	3.48B YoY-6.4%	3.72B YoY+36.2%
Income taxes paid	451M YoY+152.0%	179M YoY+65.7%	108M YoY+42.1%	76.0M YoY-54.5%	167M YoY-23.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	224B YoY-11.2%	252B YoY+35.9%	185B YoY+6.5%	174B YoY+20.2%	145B YoY-13.5%
P/E	20.4× YoY-8.4%	22.2× YoY-6.7%	23.8× YoY-79.0%	113.5× YoY+136.8%	47.9× YoY-12.4%
P/S	2.5× YoY-18.2%	3.1× YoY+30.8%	2.4× YoY+8.8%	2.2× YoY+20.3%	1.8× YoY-26.2%
P/B	3.8× YoY-7.4%	4.1× YoY+42.4%	2.9× YoY+15.4%	2.5× YoY+18.4%	2.1× YoY-18.2%
P/FCF	12.4× YoY-33.6%	18.7× YoY-34.9%	28.8× YoY-68.1%	90.3× YoY-0.8%	91.1×
	4.9% YoY+9.2%	4.5% YoY+7.2%	4.2% YoY+376.1%	0.88% YoY-57.8%	2.1% YoY+14.2%
	8.0% YoY+50.7%	5.3% YoY+53.7%	3.5% YoY+213.6%	1.1% YoY+0.9%	1.1%
	1.9% YoY+11.3%	1.7% YoY+3.6%	1.6%	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: TMUS'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 TMUS filings on SEC EDGAR → Not investment advice.