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Friday 6 November 2026 Export T’s income statement to Excel — free account

AT&T Inc.

T Communication Services Telecom Services

AT&T Inc.’s revenue for fiscal 2025 (year ended December 2025) was $125.6 billion, up 2.71% from fiscal 2024.

Revenue
+5.25%
EPS
−90.7%
Free cash flow
+3.67%
Total debt
+14.5%

Quarter to September 2026, against a year earlier

21.80 0.03 −0.14%
Market cap
$147.0B
P/E
11.8×
Fwd P/E
10.7×
Dividend yield
5.09%
F-score
7/9
Altman Z
0.89
Beneish M
−2.76
Dividend safety
64/100
Overview Business Profile Earnings & Analysis
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AT&T Inc. (T) Gross margin

Alert me on Gross margin

AT&T Inc.'s gross margin over the twelve months to 30 September 2026 was 59.7%, up 0.2 percentage points from fiscal 2025 (59.6%). Over the past ten years it has ranged from 51.5% (fiscal 2017) to 59.8% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Telecom Services industry median of 48.8% and above the Communication Services sector median of 51.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 59.6% (0.22)
FY2024 59.8% 0.71
FY2023 59.1% 1.17
FY2022 57.9% 2.96
FY2021 54.9% 0.82
FY2020 54.1% 0.55
FY2019 53.6% 0.07
FY2018 53.5% 1.96
FY2017 51.5% (1.34)
FY2016 52.9% (1.46)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 61.5% (0.32)
Jun 2026 61.8% 1.71
Mar 2026 60.1% 4.40
Dec 2025 55.7% (5.79)
43 more quarters

Against its own ten years

Low 51.5% High 59.8%
Ten-year median 54.3%
Current reading's percentile 93

Gross margin against peers

Company Gross margin
AMX America Movil, S.A.B. de C.V. Unsponsored ADR compare 66.5%
TMUS T-Mobile US, Inc. compare 62.1%
T AT&T Inc. 59.7%
VZ Verizon Communications Inc. compare 59.6%
CHT Chunghwa Telecom Co., Ltd. compare 36.5%
CMCSA Comcast Corporation compare 34.6%
ECHO EchoStar Corporation compare 32.5%
VOD Vodafone Group PLC compare 32.1%
ORANY Orange compare 16.3%
Telecom Services industry median 48.8%
Communication Services sector median 51.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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