Metrics
The numbers behind AT&T Inc.: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in US$ millions unless noted.
Reading notes: Continuing-operations basis: AT T spun off WarnerMedia in April 2022 and the FY2022 Form 10-K reclassified it to discontinued operations. FY2021 and FY2022 figures shown here are the restated continuing-operations numbers taken from the FY2022/FY2023 10-Ks — so FY2021 total operating revenues are $134,038M, not the $168,864M originally reported in the FY2021 10-K. This keeps the five-year statements comparable. The FY2021 balance sheet still carries $119,776M of WarnerMedia 'Assets from discontinued operations' (held for sale at 12/31/2021), which inflates FY2021 total current assets ($170,768M) and total assets ($551,622M) relative to later years. FY2021 'Corporate and Other' segment revenue ($16,561M) includes legacy Video/DIRECTV and held-for-sale reclassifications and is therefore not comparable to the ~$0.4–0.5B reported in FY2022–FY2025. Cash-flow FY2021 and FY2022 are the 'from Continuing Operations' subtotals (they exclude discontinued WarnerMedia cash flows); FY2023–FY2025 are total company (no discontinued operations remaining).
Share Price — Full Available History — 37 Years
The stock closed at $22.96 on Jul 23, 2026 — up 895% over the window shown (+6.5% a year), trading between $1.69 and $33.74. At that close the stock trades at 7.6× FY2025 diluted EPS as reported below.
Source: market price feed, monthly closes, sampled from 9,207 source observations, Jan 1990–Jul 2026. Price return only, excludes dividends. Prices are split-adjusted (1:2 on May 26, 1993; 1:2 on Mar 20, 1998; ×1.324 on Apr 11, 2022).
Market capitalization $142.1bn.
Market cap = 6.19B shares outstanding × the Jul 23, 2026 close of $22.96. Market-derived, shown without filing links.
FY2025 at a Glance
Revenue (US$ millions)
Operating income (US$ millions)
Net income (US$ millions)
Diluted EPS
Source: FY2025 consolidated statements [1] [2]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Operating Segment
| Revenue by Operating Segment | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Mobility | 78,254 | 81,780 | 83,982 | 85,255 | 89,482 |
| Business Wireline | 23,937 | 22,538 | 20,883 | 18,819 | 17,231 |
| Consumer Wireline | 12,539 | 12,749 | 13,173 | 13,578 | 14,183 |
| Total Communications | 114,730 | 117,067 | 118,038 | 117,652 | 120,896 |
| Latin America | 2,747 | 3,144 | 3,932 | 4,232 | 4,379 |
| Corporate and Other | 16,561 | 530 | 458 | 452 | 373 |
| Total operating revenues | 134,038 | 120,741 | 122,428 | 122,336 | 125,648 |
| Total operating revenues growth, derived | — | -9.9% | +1.4% | -0.1% | +2.7% |
Source: Note — Segment Information (Communications: Mobility, Business Wireline, Consumer Wireline; Latin America; Corporate and Other) [3] [4] [1] [5]. Click any linked figure to open the filing page with the row highlighted.
Operating Income by Operating Segment
| Operating Income by Operating Segment | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Mobility | 23,370 | 23,812 | 25,861 | 26,314 | 27,196 |
| Business Wireline | 4,027 | 2,290 | 1,289 | (88) | (816) |
| Consumer Wireline | 996 | 634 | 651 | 869 | 1,547 |
| Total Communications | 28,393 | 26,736 | 27,801 | 27,095 | 27,927 |
| Latin America | (510) | (326) | (141) | 40 | 145 |
| Corporate and Other | (1,986) | (30,997) | (4,199) | (8,086) | (3,910) |
| Operating Income | 25,897 | (4,587) | 23,461 | 19,049 | 24,162 |
Source: Note — Segment Information; segment operating income (loss) [3] [4] [1] [5]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
Source: Consolidated Statements of Income (continuing operations basis from FY2022 10-K onward) [1] [2]. Click any linked figure to open the filing page with the row highlighted.
Columns marked E are consensus analyst estimates from S&P Capital IQ (CapIQ), shown alongside reported results for direct comparison; they are not company guidance.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-07-24. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Balance Sheet
Source: Consolidated Balance Sheets [6] [7] [8]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
Source: Consolidated Statements of Cash Flows (continuing operations for FY2021–FY2022) [9] [10]. Click any linked figure to open the filing page with the row highlighted.
Mobility — Subscribers, Churn and Segment Economics
| Mobility — Subscribers, Churn and Segment Economics | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Postpaid phone subscribers (000s) | 67,260 | 69,596 | 71,255 | 72,749 | 74,214 |
| Prepaid subscribers (000s) | 19,028 | 19,176 | 19,236 | 19,023 | 18,294 |
| Postpaid phone net additions (000s) | 3,196 | 2,868 | 1,744 | 1,653 | 1,551 |
| Postpaid phone churn | 0.8% | 0.8% | 0.8% | 0.8% | 0.9% |
| Postpaid churn (total postpaid) | 0.9% | 1.0% | 1.0% | 0.9% | 1.1% |
| Mobility EBITDA | 30,801 | 32,010 | 34,378 | 36,531 | 37,618 |
| Mobility EBITDA margin | 39.4% | 39.1% | 40.9% | 42.8% | 42.0% |
Source: company filings [11] [12] [13] [14]. Click any linked figure to open the filing page with the row highlighted.
Consumer Wireline — Fiber and Broadband
| Consumer Wireline — Fiber and Broadband | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Broadband connections (000s) | 13,845 | 13,753 | 13,729 | 13,987 | 14,704 |
| Fiber broadband connections (000s) | 5,992 | 7,215 | 8,307 | 9,331 | 10,406 |
| Broadband net additions (000s) | 152 | (92) | (24) | 258 | 729 |
| Fiber broadband net additions (000s) | 1,041 | 1,223 | 1,092 | 1,024 | 1,075 |
| Broadband revenues | 9,085 | 9,669 | 10,455 | 11,212 | 12,187 |
| Consumer Wireline EBITDA | 3,617 | 3,803 | 4,120 | 4,530 | 5,250 |
| Consumer Wireline EBITDA margin | 28.8% | 29.8% | 31.3% | 33.4% | 37.0% |
Source: company filings [11] [15] [16] [17]. Click any linked figure to open the filing page with the row highlighted.
Business Wireline — Legacy Runoff vs. Connectivity
| Business Wireline — Legacy Runoff vs. Connectivity | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Legacy and other transitional services revenues | — | — | 13,680 | 11,095 | 9,170 |
| Fiber and advanced connectivity services revenues | — | — | 6,594 | 6,969 | 7,333 |
| Business Wireline EBITDA | 8,284 | 7,604 | 6,666 | 5,467 | 5,018 |
| Business Wireline EBITDA margin | 34.6% | 33.7% | 31.9% | 29.1% | 29.1% |
Source: company filings [11] [16] [12] [17]. Click any linked figure to open the filing page with the row highlighted.
Network Investment and Cash Conversion
| Network Investment and Cash Conversion | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Capital investment (capex plus vendor financing) | — | 24,323 | 23,595 | 22,055 | 22,023 |
| Vendor financing payments | 4,596 | 4,697 | 5,742 | 1,792 | 1,181 |
| Free cash flow (excluding DIRECTV) | — | — | — | 15,300 | 16,600 |
Source: company filings [18] [19] [20] [21]. Click any linked figure to open the filing page with the row highlighted.
Latin America — Mexico Wireless
| Latin America — Mexico Wireless | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Mexico wireless subscribers (000s) | 20,362 | 21,603 | 22,316 | 23,576 | 24,680 |
| Mexico postpaid subscribers (000s) | 4,807 | 4,925 | 5,236 | 5,837 | 6,751 |
| Mexico wireless net additions (000s) | 1,419 | 1,241 | 713 | 1,260 | 1,104 |
| Mexico EBITDA margin | 3.5% | 10.6% | 14.8% | 16.5% | 18.6% |
Source: company filings [22] [23] [24]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record
| Fiscal year | Total revenue | Operating income | Net income attributable to AT T | Diluted EPS | Operating cash flow |
|---|---|---|---|---|---|
| FY2016 | — | 23,543 | 12,976 | 2.10 | 38,442 |
| FY2017 | — | 19,970 | 29,450 | 4.76 | 38,010 |
| FY2018 | — | 26,096 | 19,370 | 2.85 | 43,602 |
| FY2019 | — | 27,955 | 13,903 | 1.89 | 48,668 |
| FY2020 | — | 8,372 | (5,176) | (0.75) | 43,130 |
| FY2021 | 134,038 | 25,897 | 20,081 | 2.73 | 37,170 |
| FY2022 | 120,741 | (4,587) | (8,524) | (1.13) | 35,812 |
| FY2023 | 122,428 | 23,461 | 14,400 | 1.97 | 38,314 |
| FY2024 | 122,336 | 19,049 | 10,948 | 1.49 | 38,771 |
| FY2025 | 125,648 | 24,162 | 21,953 | 3.04 | 40,284 |
Source: consolidated statements across filings; older years from the standardized feed [9] [1] [10] [2]. Click any linked figure to open the filing page with the row highlighted.
Analyst Consensus
Mean target
Median target
High target
Low target
Street ratings: 12 strong buy, 4 buy, 9 hold, 1 strong sell. Consensus: Buy.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-07-24. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Traceability
449 of 469 figures on this page (96%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.
Continuing-operations basis: AT T spun off WarnerMedia in April 2022 and the FY2022 Form 10-K reclassified it to discontinued operations. FY2021 and FY2022 figures shown here are the restated continuing-operations numbers taken from the FY2022/FY2023 10-Ks — so FY2021 total operating revenues are $134,038M, not the $168,864M originally reported in the FY2021 10-K. This keeps the five-year statements comparable.
The FY2021 balance sheet still carries $119,776M of WarnerMedia 'Assets from discontinued operations' (held for sale at 12/31/2021), which inflates FY2021 total current assets ($170,768M) and total assets ($551,622M) relative to later years.
FY2021 'Corporate and Other' segment revenue ($16,561M) includes legacy Video/DIRECTV and held-for-sale reclassifications and is therefore not comparable to the ~$0.4–0.5B reported in FY2022–FY2025.
Cash-flow FY2021 and FY2022 are the 'from Continuing Operations' subtotals (they exclude discontinued WarnerMedia cash flows); FY2023–FY2025 are total company (no discontinued operations remaining).
The income.json data feed contains no revenue line; all revenue and detailed income-statement rows were read directly from the filings.
Long-Term Record: FY2016–FY2020 figures come from the standardized SEC XBRL data feed (as originally reported, including WarnerMedia and DIRECTV) and are shown without page links; FY2021–FY2025 are from the 10-Ks on the current continuing-operations basis. A structural break occurs at the 2022 WarnerMedia spin-off, so pre-2021 revenue is omitted from the long-term table for comparability.
Segment note: AT T reports a Communications segment (business units Mobility, Business Wireline, Consumer Wireline) plus a Latin America segment and Corporate and Other. The FY2021/FY2022/FY2023 segment notes include an EBITDA column while the FY2024/FY2025 notes do not; revenue and operating income reconcile across both layouts.
Quarterly Q4 FY2025 has no Form 10-Q. Its income and cash-flow cells are derived as full-year FY2025 (Form 10-K) minus the nine-month year-to-date figures; the balance sheet uses the 10-K year-end. Single-quarter cash flows for Q2/Q3 FY2025 and Q2 FY2026 are derived from the printed year-to-date statements (each quarter's YTD minus the prior quarter's YTD).
1 figure(s) differed between the data feed and the filing; the filing value is shown (see the run's metrics/metrics_tab.json for the audit trail).