AT&T (T): financials, SEC filings and peers
AT&T (T) is an integrated telecommunication services company in the Communication Services sector of the S&P 500, headquartered in Dallas, Texas.
It was founded in 1983 and joined the S&P 500 on November 30, 1983.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Telephone Communications (No Radiotelephone)”.
AT&T at a glance
- Revenue (12 months)
- $127.2B
- Revenue growth
- +2.6%
- Operating margin
- 20.1%
- Net income (12 months)
- $21.6B
- Free cash flow (12 months)
- $17.6B
- Cash
- $17.6B
- Debt
- $144.0B
- Diluted EPS (12 months)
- $3.02
Twelve months to June 30, 2026, from the 10-Q filed July 22, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, AT&T reported revenue of $127.2 billion, about the same as a year earlier (+2.6%).
Its operating margin was 20.1%, up 4.2 percentage points from a year earlier: for every $100 of sales, about $20 was left as operating profit.
Net income was $21.6 billion (16.9% of revenue), 69.0% higher than a year earlier.
Operating cash flow was $39.9 billion and capital spending $22.2 billion, leaving free cash flow of $17.6 billion (13.9% of revenue). Capital spending equal to 17% of revenue is high; the company is investing heavily.
At the end of the period it held $17.6 billion in cash and $144.0 billion in debt, a net debt position of $126.4 billion.
The diluted share count fell 3.8% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $143.1 billion in fiscal 2020 to $125.6 billion in fiscal 2025, a decline of about 2.6% a year.
- Operating margin widened from 5.9% to 19.2% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
- AT&T reported a net loss in 2 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $134.0B | $120.7B | $122.4B | $122.3B | $125.6B |
| Revenue growth | -6.3% | -9.9% | 1.4% | -0.1% | 2.7% |
| Operating margin | 19.3% | -3.8% | 19.2% | 15.6% | 19.2% |
| Net income | $20.1B | −$8.5B | $14.4B | $10.9B | $22.0B |
| Free cash flow | $26.4B | $16.2B | $20.5B | $18.5B | $19.4B |
| Diluted EPS | $2.73 | $-1.13 | $1.97 | $1.49 | $3.04 |
Fiscal years as reported in AT&T’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 9, 2026 — Executive or director change
- 8-K filed August 17, 2026 — Other event
- 8-K filed August 4, 2026 — Other event
- 8-K filed July 28, 2026 — New debt obligation; Regulation FD disclosure
- 10-Q filed July 22, 2026 — quarterly report
- 8-K filed July 22, 2026 — Earnings results
- 8-K filed June 16, 2026 — Executive or director change
- 8-K filed May 20, 2026 — Executive or director change; Bylaw or fiscal-year change
Companies like AT&T
Other S&P 500 companies in Integrated Telecommunication Services:
More from Communication Services
Questions about AT&T
Is AT&T's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $127.2 billion, up 2.6% from a year earlier, according to its SEC filings.
Is AT&T profitable?
Yes. It earned $21.6 billion in net income over the twelve months to June 30, 2026, a net margin of 16.9%.
Does AT&T have more cash or more debt?
At June 30, 2026 it had $17.6 billion in cash and $144.0 billion in debt, so more debt than cash.
When did AT&T last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 22, 2026.
Which companies are similar to AT&T?
In the S&P 500, AT&T is grouped in Integrated Telecommunication Services within the Communication Services sector. Verizon (VZ) are in the same group.
Understand the numbers
Source: AT&T’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.