AT&T Inc. (T) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	127.2B	125.6B	122.3B	122.4B	120.7B
Cost of Revenue	51.3B	50.8B	69.8B	68.9B	50.8B
Gross Profit	76.0B	74.8B	52.5B	53.5B	69.9B
Operating Expenses
R&D Expense	—	—	955.0M	954.0M	1.2B
SG&A Expense	29.4B	28.9B	27.3B	27.8B	29.0B
General & Admin Expense	—	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	20.7B	20.9B	—	—	44.3B
Total Operating Expenses	50.1B	49.8B	28.3B	28.8B	74.5B
Cost and Expenses	101.3B	100.6B	98.1B	97.7B	125.3B
Operating Income (EBIT)	25.9B	25.0B	24.3B	24.8B	(4.6B)
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	7.2B	6.8B	6.7B	6.7B	6.1B
Net Interest Income	(7.2B)	(6.8B)	(6.7B)	(6.7B)	(6.1B)
Other Non-Op Income/Expense	201.0M	2.0B	(7.6B)	(4.9B)	1.5B
Non-Operating Income (excl Interest)	(7.4B)	(8.8B)	818.0M	(1.8B)	(7.6B)
EBT (Pre-Tax Income)	26.1B	27.0B	16.7B	19.8B	(3.1B)
Income Tax Expense	3.0B	3.6B	4.4B	4.2B	3.8B
Bottom Line
Net Income	21.5B	21.9B	10.9B	14.4B	(8.5B)
Earnings from Cont. Ops	23.1B	23.4B	12.3B	15.6B	(6.9B)
Earnings from Discont. Ops	(66.0M)	—	—	—	(181.0M)
Bottom Line Net Income	21.4B	21.9B	10.7B	14.3B	(8.7B)
Per Share
Basic EPS	$3.03	$3.04	$1.49	$1.97	($1.22)
Diluted EPS	$3.01	$3.04	$1.49	$1.97	($1.13)
Revenue Per Share	$18.34	$17.53	$16.99	$17.05	$16.85
Shares
Basic Shares Outstanding	6.9B	7.2B	7.2B	7.2B	7.2B
Diluted Shares Outstanding	6.9B	7.2B	7.2B	7.3B	7.6B
Profitability Metrics
EBITDA	53.7B	54.7B	44.0B	45.3B	21.1B
D&A	20.4B	20.9B	20.6B	18.8B	18.0B
EBIT	33.3B	33.8B	23.4B	26.5B	3.0B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026