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

AT&T Inc. (T) Operating margin

Alert me on Operating margin

AT&T Inc.'s operating margin over the twelve months to 30 September 2026 was 18.3%, down 0.9 percentage points from fiscal 2025 (19.2%). Over the past ten years it has ranged from −3.80% (fiscal 2022) to 19.3% (fiscal 2021); the current reading is higher than 91% of that period. That is above the Telecom Services industry median of 9.22% and above the Communication Services sector median of 0.94%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 19.2% 3.66
FY2024 15.6% (3.59)
FY2023 19.2% 22.96
FY2022 −3.80% (23.12)
FY2021 19.3% 13.47
FY2020 5.85% (9.58)
FY2019 15.4% 0.15
FY2018 15.3% 2.84
FY2017 12.4% (1.93)
FY2016 14.4% (2.51)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 12.7% (9.63)
Jun 2026 22.3% 1.17
Mar 2026 21.1% 3.83
Dec 2025 17.3% (2.63)
43 more quarters

Against its own ten years

Low −3.80% High 19.3%
Ten-year median 15.4%
Current reading's percentile 74

Operating margin against peers

Company Operating margin
AMX America Movil, S.A.B. de C.V. Unsponsored ADR compare 21.0%
VZ Verizon Communications Inc. compare 20.9%
TMUS T-Mobile US, Inc. compare 20.7%
CHT Chunghwa Telecom Co., Ltd. compare 20.4%
T AT&T Inc. 18.3%
CMCSA Comcast Corporation compare 14.7%
ECHO EchoStar Corporation compare 2.25%
ORANY Orange compare 0.00%
VOD Vodafone Group PLC compare 0.00%
Telecom Services industry median 9.22%
Communication Services sector median 0.94%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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