AT&T Inc. (T)
AT&T Inc. brought in $127.2B of revenue over the twelve months to June 30, 2026, up 2.6% from a year earlier. Net income was $21.6B, a net margin of 16.9%. Operating cash flow minus capital spending left $19.4B of free cash flow in fiscal 2025. At June 30, 2026 it held $17.6B in cash against $134.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 22, 2026.
Key facts about AT&T Inc.
- Net worth
- AT&T Inc. has a market value (market cap) of $154.1B at the latest share price, and shareholders' equity of $126.4B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $125.6B (+2.7% year on year), with net income of $22B. Over the 12 months to June 30, 2026: revenue $127.2B, net income $21.6B.
- Cash flow
- In fiscal 2025 operations brought in $40.3B of cash; after $20.8B of capital spending, free cash flow was $19.4B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 22, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- AT&T Inc.'s next report is expected around October 21, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- AT&T Inc. declared dividends of $1.11 per share in fiscal 2025, a yield of 4.94% at the current price.
What AT&T Inc. does
AT&T provides telecommunications and digital services to individual consumers, businesses, and government entities. The company operates mobile wireless networks, offers broadband and fiber internet connections, and sells enterprise networking solutions. Customers buy voice plans, mobile data subscriptions, and connected devices for personal and commercial use. Its shares trade on NYSE under the ticker T.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $125.6B | $22B | $3.04 | $19.4B |
| 2024 | $122.3B | $10.9B | $1.49 | $18.5B |
| 2023 | $122.4B | $14.4B | $1.97 | $20.5B |
| 2022 | $120.7B | -$8.5B | -$1.13 | $16.2B |
| 2021 | $134B | $20.1B | $2.73 | $26.4B |
| 2020 | $143.1B | -$5.2B | -$0.75 | $28.4B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where T ranks in Telecommunications
Dividends
AT&T Inc. declared $1.11 per share in fiscal 2025. At the current price that is a yield of 4.94%. It paid out $8.2B in cash dividends, 37% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.11 | $8.2B | 37% |
| 2024 | $1.11 | $8.2B | 75% |
| 2023 | $1.11 | $8.1B | 56% |
| 2022 | $1.11 | $9.9B | n/a |
| 2021 | $2.08 | $15.1B | 75% |
| 2020 | $2.08 | $15B | n/a |
Latest SEC filings
What AT&T Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 9, 2026
- September 8, 2026Delisting notice 25-NSE
- August 17, 2026Other event 8-K
- August 4, 2026Other event 8-K
- July 28, 2026New debt 8-K
- July 22, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 2.3% to $31.6B versus the same quarter last year; diluted EPS $0.66 versus $0.62.
- July 22, 2026
- June 22, 2026
- June 22, 2026
- June 22, 2026
What is T worth? A DCF from its reported cash flow
Insider trades
What the people running AT&T Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 16 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 6, 2026 | Cakaric Darcie M.SEVP and Chief HR Officer | Exercised options | 38,655 | - |
| October 6, 2026 | Cakaric Darcie M.SEVP and Chief HR Officer | Shares withheld for tax | 15,211 | $368.7K |
| September 30, 2026 | Desroches PascalSr. Exec VP and CFO | Received as payindirect | 1,836 | $44.8K |
| September 30, 2026 | Lee Lori MGlobal Mktg Ofr & SEVP Intl | Received as payindirect | 369 | $9K |
| September 30, 2026 | McElfresh Jeffery S.Chief Operating Officer | Received as payindirect | 512 | $12.5K |
| September 30, 2026 | Sabrina Sanders SSVP-ChiefActngOfcr&Controller | Received as payindirect | 145 | $3.5K |
| September 1, 2026 | Sabrina Sanders SSVP-ChiefActngOfcr&Controller | Shares withheld for tax | 9,248 | $239.4K |
| August 31, 2026 | Desroches PascalSr. Exec VP and CFO | Received as payindirect | 1,730 | $44.8K |
Who owns T
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.53% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,680 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 559,396,053 | -1,601,598 |
| Vanguard Capital Management LLC | 453,562,905 | -1,202,623 |
| State Street Corp | 334,273,613 | +18,468,679 |
| Newport Trust Company, LLC | 178,729,595 | -745,343 |
| Geode Capital Management, LLC | 177,038,673 | +2,021,522 |
| Vanguard Portfolio Management LLC | 134,321,307 | +766,543 |
| Bank of America Corp | 111,637,584 | -13,554,116 |
| Morgan Stanley | 106,275,422 | +1,080,403 |
| Jpmorgan Chase & Co | 96,916,024 | -21,311,426 |
| Norges Bank | 79,271,870 | new |
| Bank of New York Mellon Corp | 75,323,574 | +2,559,065 |
| Northern Trust Corp | 69,309,607 | +586,371 |
| GQG Partners LLC | 59,099,713 | -22,253,371 |
| Capital World Investors | 59,003,661 | -50,240,073 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 55,616,152 | +1,336,556 |
| Dimensional Fund Advisors LP | 55,307,086 | +5,250,818 |
| Goldman Sachs Group Inc | 55,013,596 | -2,464,186 |
| Charles Schwab Investment Management Inc | 52,464,446 | -60,129 |
| Legal & General Group Plc | 46,410,396 | -1,595,258 |
| Capital Research Global Investors | 44,833,995 | -16,738,388 |
Insiders
11 insiders reported holding 3,740,500 shares in total, about $84.1M at the last price.
| Holder | Shares |
|---|---|
| McElfresh Jeffery S.Chief Operating Officer | 902,233184,023 held indirectly |
| Desroches PascalSr. Exec VP and CFO | 773,367137,835 held indirectly |
| McAtee David R IISr. Exec. VP and Gen. Counsel | 490,111250,254 held indirectly |
| Legg Jeremy AlanChief Technology Officer | 391,905 |
| Arroyo F. ThaddeusChief Strategy & Dev Officer | 388,3829,150 held indirectly |
| Gillespie Edward WSEVP-Ext & Legislative Affairs | 271,536 |
| Smith Kenny KellynChief Marketing & Growth Ofcr | 235,870 |
| Sabrina Sanders SSVP-ChiefActngOfcr&Controller | 165,6062,693 held indirectly |
| Stankey John TCEO & President, Director | 78,67278,672 held indirectly |
| Cakaric Darcie M.SEVP and Chief HR Officer | 32,174 |
Questions about T
What does AT&T Inc. do?
AT&T provides telecommunications and digital services to individual consumers, businesses, and government entities. The company operates mobile wireless networks, offers broadband and fiber internet connections, and sells enterprise networking solutions. Customers buy voice plans, mobile data subscriptions, and connected devices for personal and commercial use. Its shares trade on NYSE under the ticker T.
What is AT&T Inc.'s net worth?
AT&T Inc. has a market value (market cap) of $154.1B at the latest share price, and shareholders' equity of $126.4B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is AT&T Inc. profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $21.6B on revenue of $127.2B, a net margin of 16.9%.
How much revenue does AT&T Inc. make?
Over the twelve months to June 30, 2026 AT&T Inc. reported revenue of $127.2B. That is 2.6% more than a year earlier.
When did AT&T Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 22, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 7, 2026.
When is AT&T Inc.'s next earnings report?
AT&T Inc.'s next report is expected around October 21, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does AT&T Inc. pay a dividend?
Yes. AT&T Inc. declared dividends of $1.11 per share in fiscal 2025, a yield of 4.94% at the current price.
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Where the numbers come from
Financial figures are the values AT&T Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.