T

AT&T INC.

Ticker: TCommunication ServicesTelecommunicationsS&P 500
HQ DALLAS, TXCIK 732717FY end 12-31Book / share $15.81Shares 6987M
Revenue (FY)
$125.65B+2.71%
TTM $127.24B
Op. margin
19.23%+3.66%
TTM 20.12%
Net income
$23.39B+90.86%
TTM $23.09B
Operating cash
$40.28B+3.90%
TTM $39.87B
Free cash flow
$19.44B+5.05%
TTM $17.62B
Return on equity
20.58%+5.94%
TTM 19.52%
Debt / equity
1.23+0.05%
TTM 1.30
Shares outstanding
7.2B-0.35%
TTM 7.0B

The business

AT&T Inc. (NYSE: T) operates as a leading telecommunications company providing wireless, broadband, and entertainment services to millions of customers across the United States and internationally. The company's website is www.att.com.

AT&T's business encompasses three primary segments: Communications, WarnerMedia, and Latin America. The Communications segment represents the largest portion of the company's operations, delivering wireless services, wireline services including broadband and voice, and managed services to business customers. The WarnerMedia segment operates entertainment and media properties, while the Latin America segment provides wireless and wireline services in select markets outside the United States.

The company maintains an extensive network infrastructure supporting its wireless operations through a nationwide cellular network and serves broadband customers through both fiber and traditional copper-based technologies. AT&T's wireless segment serves millions of subscribers through its own network and wholesale arrangements. The company operates thousands of retail locations and customer service centers throughout North America, complemented by a substantial digital presence for customer interactions and service management.

AT&T holds several major brands and trademarks including AT&T Wireless, AT&T Internet, DirecTV, HBO, and Warner Bros., reflecting its integrated position across telecommunications and media entertainment. The company's portfolio includes premium content production and distribution capabilities developed through its media operations.

The company has undergone significant strategic transformations, including the acquisition of T-Mobile's operations in certain markets and subsequent divestitures to optimize its portfolio. These transactions have shaped AT&T's current footprint and competitive positioning in the telecommunications industry.

AT&T's business model relies on recurring revenue from subscription-based services including wireless plans, broadband subscriptions, and entertainment offerings. The company benefits from network effects, substantial capital infrastructure investments, and long-term customer relationships. Its scale, integrated service offerings, and extensive network infrastructure provide competitive advantages in serving both consumer and enterprise customers across multiple service categories.

Sector
Communication Services
Industry
Telecommunications
HQ
DALLAS, TX
FY end
12-31
CIK
732717
SIC
4813
Financial performance · annual
20132025
$-25.68B$30.74B$87.16B$143.58B$200.00B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds AT&T INC. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

1.0K
funds hold it
0 of 35
superinvestors hold it
$39.86B
fund-held value
25.7%
of shares held by funds
102
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.20%$4.57B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.22%$3.73B
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.27%$2.22B
iShares Core S&P 500 ETF
IVV · iShares Trust
0.22%$1.98B
State Street(R) SPDR(R) S&P 500(R) ETF Trust
SPY
0.22%$1.74B

Bonds held by funds

Funds report holding 102 issues of AT&T INC.'s debt, $15.33B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 4.14%, maturing 20262066.

IssueCouponMaturesFundsFund-held
AT&T Inc3.550%2055-09-15191$797.36M
AT&T, Inc.2.550%2033-12-01158$792.46M
AT&T INC4.750%2033-04-30100$728.53M
AT&T Inc4.400%2031-04-3081$721.79M
AT&T Inc3.650%2059-09-15128$708.66M
AT&T Inc3.800%2057-12-01140$698.29M
AT&T Inc2.750%2031-06-01102$663.93M
AT&T INC SR UNSEC 3.5% 09-15-533.500%2053-09-15178$647.68M
AT&T, Inc.2.250%2032-02-01111$541.37M
AT&T INC4.300%2030-02-15105$529.12M

The 10 largest by fund-held value, of 102.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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