AT&T Inc.

T ·Communication Services, Telecom Services, United States
Analysis › KPI Dashboard

As of Fiscal Year 2025 (ended December 31, 2025)

Key KPIs at a Glance

Metric Value
Total operating revenue (FY2025) $125.6 billion, up 2.7% year-over-year
Net income (FY2025) $23.4 billion, up from $12.3 billion in FY2024
Diluted EPS (FY2025) $3.04 GAAP; $2.12 adjusted (non-GAAP)
Adjusted EBITDA, non-GAAP (FY2025) $46.4 billion, up from $44.8 billion in FY2024
Free cash flow (FY2025) $16.6 billion, down from $17.6 billion in FY2024
Capital investment (FY2025) $22.0 billion
Business Wireline operating income (FY2025) Operating loss of approximately $0.8 billion on $17.2 billion of revenue, reflecting continued legacy voice/data decline
Postpaid phone net adds (FY2025) More than 1.5 million, fifth consecutive year above 1.5 million
AT&T Fiber net adds (FY2025) More than 1 million, eighth consecutive year above 1 million; plus 875,000 AT&T Internet Air (fixed wireless) net adds
Total Mobility subscribers (as of Dec 31, 2025) 120 million (91 million postpaid, incl. 74 million phone; 18 million prepaid; 11 million reseller)
Total employees (as of Dec 31, 2025) Approximately 133,030
Annualized common stock dividend (FY2025) $1.11 per share, held steady
Share repurchases (FY2025) Approximately $4.3 billion

Revenue by Segment (FY2025)

Total Revenue: $125.65B

AT&T 4Q/FY2025 earnings release, twelve months ended December 31, 2025. Mobility, Business Wireline, and Consumer Wireline are business units within the Communications segment; Latin America is a separate reportable segment. Consumer Wireline and Latin America are derived by subtraction and reconcile exactly to AT&T's disclosed consolidated total revenue of $125.65B.

US Wireless Subscriber Scale vs. Verizon and T-Mobile (Q4 2025)

Combined Big-3 Subscriber Base: 100.0%

Claude estimate computed from each carrier's own Q4 2025 (as of Dec 31, 2025) earnings release/10-K: AT&T total wireless subscribers (120.1M, incl. postpaid, prepaid, and reseller connections), Verizon total wireless retail connections (146.93M), T-Mobile total customers (142.4M). Definitions differ slightly across carriers (subscribers vs. connections vs. customers, and inclusion of prepaid/reseller/IoT varies), so treat as an approximate scale comparison, not an official market-share statistic.

Total Revenue Growth

AT&T annual total operating revenue, 2022-2025, on a continuing-operations basis (excludes WarnerMedia, spun off April 2022, and other divested businesses) per annual earnings releases and Form 10-K filings. Not shown before 2022 because prior years are not comparable on this basis.

Sources: Figures are from AT&T Inc.'s 4Q/full-year 2025 earnings release (SEC Exhibit 99.1 to Form 8-K, filed January 28, 2026) and AT&T's FY2025 Form 10-K (filed January 2026), covering the twelve months ended December 31, 2025. Consumer Wireline and Latin America segment revenue are derived by subtraction from disclosed totals (Mobility + Business Wireline + Consumer Wireline = Communications segment revenue; Communications + Latin America = consolidated total revenue); the derived figures reconcile exactly to AT&T's disclosed consolidated total revenue of $125,648 million. Segment operating income is not shown as a pie because AT&T's Business Wireline unit reported an operating loss in FY2025, so a segment-operating-income breakdown would include a negative slice; Business Wireline's loss is instead called out in the KPI table. Total revenue history (2022-2025) is presented on a continuing-operations basis as reported by AT&T, i.e. excluding WarnerMedia (spun off April 2022) and other divested businesses, for comparability; earlier years are not shown because they are not comparable on this basis. US wireless subscriber scale is Claude's own estimate, computed by comparing each carrier's most recently reported total subscriber/connection count (AT&T 'total wireless subscribers,' Verizon 'total wireless retail connections,' T-Mobile 'total customers') as of December 31, 2025 from each company's own Q4 2025 earnings release; these metrics are not perfectly like-for-like across carriers (differing treatment of prepaid, resellers, and IoT/connected devices), so treat the shares as directionally indicative rather than a precise market-research figure.