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T

AT&T

Communication ServicesTelecommunicationsS&P 500
Ticker TDALLAS, TXFiscal year ends DecemberBook value per share $15.39Diluted shares 6.9B

AT&T Inc. (NYSE: T) provides wireless, wireline telecommunications and broadband services to consumers in the United States and business customers globally, with wireless services and equipment, fiber and fixed wireless internet, voice, data, and managed connectivity offerings. It operates two reportable segments:… From the company’s description.

In fiscal 2025, AT&T reported revenue of $125.65B, up 2.7% from fiscal 2024, and net income of $23.39B. Its operating margin was 19.2%, and operations generated $40.28B in cash. Over the twelve months to Sep 30, 2026, revenue was $128.85B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$125.65BFY2025
+2.7% year over year
Last 12 mo $128.85B
19.23%FY2025
+3.7 percentage points
Last 12 mo 18.30%
$23.39BFY2025
+90.9% year over year
Last 12 mo $14.72B
20.52%FY2025
+6.5 percentage points
Last 12 mo 12.30%
Cash & financing
$40.28BFY2025
+3.9% year over year
Last 12 mo $40.23B
$19.44BFY2025
+5.0% year over year
Last 12 mo $17.82B
1.23FY2025
Was 1.18× a year earlier
Last 12 mo 1.49
7.2BFY2025
−0.3% year over year
Last 12 mo 6.9B

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) provides wireless, wireline telecommunications and broadband services to consumers in the United States and business customers globally, with wireless services and equipment, fiber and fixed wireless internet, voice, data, and managed connectivity offerings. It operates two reportable segments: Communications, which generated approximately 97% of 2025 segment operating revenues, and Latin America, which provides wireless services in Mexico and generated approximately 3%. Communications comprises Mobility, Business Wireline and Consumer Wireline; its offerings include AT&T wireless and fiber services, Cricket, AT&T PREPAID, AT&T Business and AT&T Internet Air. In Mexico, services are marketed under the AT&T and Unefon brands. At year-end 2025, AT&T served 120 million U.S. wireless subscribers and had approximately 133,030 employees. The company originated as SBC Communications, spun off from AT&T Corp. in 1984, adopted the AT&T name after merging with AT&T Corp. in 2005, and sold its remaining DIRECTV interest in 2025. Its website is www.att.com.

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
26.2%
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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