Stock research

AT&T Inc. (T) Stock Research

AT&T is one of the largest US wireless carriers and a major provider of fiber broadband.

For the fiscal year ended December 31, 2025, AT&T Inc. reported revenue of $125.6B and net income of $22.0B, with operating cash flow of $40.3B. Source: Form 10-K filed February 9, 2026

SEC data as of

Revenue
$125.6B
FY ending 2025-12-31
Net income
$22.0B
FY ending 2025-12-31
Diluted EPS
$3.04
Net margin
17.5%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About AT&T

After shedding its media assets, it has refocused on connectivity and network investment.

Exchange
NYSE: T
Sector
Communication Services
SEC industry
Telephone Communications (No Radiotelephone) (SIC 4813)
Fiscal year end
December 31
Headquarters
Dallas, Texas
Founded
1983

T key financials

Reported figures from AT&T Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$125.6B2025-01-01 – 2025-12-31SEC filing
Net income$22.0B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$40.3B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$3.042025-01-01 – 2025-12-31SEC filing
Net margin17.5%2025-01-01 – 2025-12-31SEC filing
Shares outstanding7.00BAs of 2026-01-28SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in T

AT&T Inc. sits in Communication Services. Internet platforms, media, gaming, and telecom — advertising-driven mega-caps sitting alongside capital-intensive carriers. We have not yet written company-specific drivers for T; the forces that matter most for the sector are:

  • ◆Digital advertising budgets and the ad cycle
  • ◆Streaming economics and content spend
  • ◆AI's effect on search and content distribution
  • ◆Antitrust and platform regulation

Key questions for the T thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does T's reported profit turn into cash?

Operating cash flow was $40.3B, 1.84 times net income of $22.0B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed February 9, 2026

How much of T's revenue is left as profit?

Net income was 17.5% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 9, 2026

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Congressional trading in T

PoliticianTrade dateTypeOwnerAmountSource
Tim Moore2026-08-14SaleSelf$50,001 - $100,000Filing #20035291
Gary Peters2026-06-29PurchaseSelf$1,001 - $15,000Filing #40fbe259-f282-4982-a53f-1c7278d041cd
David Taylor2026-06-05PurchaseSelf$1,001 - $15,000Filing #20034780
Tim Moore2026-06-04PurchaseSelf$50,001 - $100,000Filing #20034721
Tim Moore2026-05-21SaleSelf$15,001 - $50,000Filing #20034721
Tim Moore2026-05-18PurchaseSelf$15,001 - $50,000Filing #20034587
David Taylor2026-05-15PurchaseSelf$1,001 - $15,000Filing #20034650
David Taylor2026-05-15PurchaseSelf$1,001 - $15,000Filing #20034650
Josh Gottheimer2026-04-09SaleJoint$1,001 - $15,000Filing #20034585
Alan Armstrong2026-03-27PurchaseSelf$15,001 - $50,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c

All verified T congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

T — frequently asked questions

What does AT&T Inc. do?

AT&T is one of the largest US wireless carriers and a major provider of fiber broadband.

What were T's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, AT&T Inc. reported revenue of $125.6B and net income of $22.0B, with operating cash flow of $40.3B. The figures come from AT&T Inc.'s SEC XBRL filings.

When does AT&T Inc.'s fiscal year end?

The SEC lists AT&T Inc.'s fiscal year end as December 31.

Do members of Congress trade T?

The current verified House and Senate snapshot contains 33 transaction rows for T, each linked to the original filing.

Where is AT&T Inc. headquartered?

AT&T Inc. is headquartered in Dallas, Texas and was founded in 1983.

Is T a good investment?

This page does not rate T as a buy or sell. It sets out what AT&T Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the T numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

$39/mo or $249/yr · cancel future renewals anytime · sources included