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AT&T

Communication ServicesTelecommunicationsS&P 500
Ticker TDALLAS, TXFiscal year ends DecemberBook value per share $15.81Diluted shares 7.0B

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. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$125.65BFY2025
+2.7% year over year
Last 12 mo $127.24B
19.23%FY2025
+3.7 percentage points
Last 12 mo 20.12%
$23.39BFY2025
+90.9% year over year
Last 12 mo $23.09B
20.52%FY2025
+6.5 percentage points
Last 12 mo 19.52%
Cash & financing
$40.28BFY2025
+3.9% year over year
Last 12 mo $39.87B
$19.44BFY2025
+5.0% year over year
Last 12 mo $17.62B
1.23FY2025
Was 1.18× a year earlier
Last 12 mo 1.30
7.2BFY2025
−0.3% year over year
Last 12 mo 7.0B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What AT&T does

In the company’s own words

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.

Company details
Sector
Communication Services
Industry (SIC)
Telecommunications
Headquarters
DALLAS, TX
Fiscal year end
December
CIK
732717
SIC
4813

Financial performance, year by year

Fiscal 2013–2025 · USD
$-25.68B$30.74B$87.16B$143.58B$200.00B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns AT&T — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.0K
funds hold it
0 of 35
superinvestors hold it
$39.86B
held by funds, at market
25.7%
of shares held by funds
102
bond issues held by funds

Largest fund holders · AT&T’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.20%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.22%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.27%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.22%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

AT&T’s bonds, as funds hold them

Funds report holding 102 issues of AT&T’s debt, $15.33B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.14%, maturing 2026 to 2066.

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”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do AT&T and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of AT&T's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in AT&T's last four quarterly filings that the numbers alone won't show?”
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