AT&T INC.

T 10-Q · Q1 2026

T Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 31,506 30,626 +2.9%
Show Product Lines breakouts
Advanced home internet 2,799 2,198 +27.3%
Advanced home internet · Advanced Connectivity 2,799 2,198 +27.3%
Advanced home internet · Operating Segments 2,799 2,198 +27.3%
Business fiber and advanced connectivity 1,882 1,755 +7.2%
Business fiber and advanced connectivity · Advanced Connectivity 1,882 1,755 +7.2%
Business fiber and advanced connectivity · Operating Segments 1,882 1,755 +7.2%
Business transitional and other 1,083 1,294 -16.3%
Business transitional and other · Advanced Connectivity 1,083 1,294 -16.3%
Business transitional and other · Operating Segments 1,083 1,294 -16.3%
Product 6,028 5,488 +9.8%
Product · Advanced Connectivity 5,608 5,132 +9.3%
Product · Latin America 420 356 +18.0%
Product · Operating Segments 6,028 5,488 +9.8%
Service 25,478 25,138 +1.4%
Service Other 2,020 2,625 -23.0%
Service Other · Advanced Connectivity 158 162 -2.5%
Service Other · Corporate And Other 94 95 -1.1%
Service Other · Legacy 1,768 2,368 -25.3%
Service Other · Operating Segments 1,926 2,530 -23.9%
Service · Advanced Connectivity 22,863 22,060 +3.6%
Service · Corporate And Other 94 95 -1.1%
Service · Latin America 753 615 +22.4%
Service · Legacy 1,768 2,368 -25.3%
Service · Operating Segments 25,384 25,043 +1.4%
Wireless service 17,694 17,266 +2.5%
Wireless service · Advanced Connectivity 16,941 16,651 +1.7%
Wireless service · Advanced Connectivity 2,357 2,281 +3.3%
Wireless service · Advanced Connectivity 14,584 14,370 +1.5%
Wireless service · Latin America 753 615 +22.4%
Wireless service · Operating Segments 17,694 17,266 +2.5%
Show Business Segments breakouts
Advanced Connectivity 28,471 27,192 +4.7%
Corporate And Other 94 95 -1.1%
Latin America 1,173 971 +20.8%
Legacy 1,768 2,368 -25.3%
Show Consolidation Items breakouts
Operating Segments 31,412 30,531 +2.9%
Cost of Revenue (Q)
Show Product Lines breakouts
Product 6,305 5,694 +10.7%
Other Cost Of Operating Revenue 6,261 6,339 -1.2%
Selling, General & Administrative 7,316 7,145 +2.4%
Depreciation & Amortization 4,966 5,190 -4.3%
Show Business Segments breakouts
Advanced Connectivity 4,705 4,973 -5.4%
Corporate And Other 61 67 -9.0%
Latin America 200 150 +33.3%
Show Consolidation Items breakouts
Operating Segments 4,905 5,123 -4.3%
Total Costs & Expenses 24,848 24,872 -0.1%
Show Business Segments breakouts
Advanced Connectivity 21,618 21,220 +1.9%
Corporate And Other 921 1,375 -33.0%
Latin America 1,153 928 +24.2%
Legacy 1,156 1,349 -14.3%
Show Consolidation Items breakouts
Operating Segments 23,927 23,497 +1.8%
Operating Income 6,658 5,754 +15.7%
Show Business Segments breakouts
Advanced Connectivity 6,853 5,972 +14.8%
Corporate And Other -827 -1,280 +35.4%
Latin America 20 43 -53.5%
Legacy 612 1,019 -39.9%
Show Consolidation Items breakouts
Operating Segments 7,485 7,034 +6.4%
Interest Expense -1,813 -1,658 -9.3%
Income Loss From Equity Method Investments -41 1,440 -102.8%
Other Non-Operating Income (Expense) 594 455 +30.5%
Non-Operating Income (Expense) -1,260 237 -631.6%
Income Before Taxes 5,398 5,991 -9.9%
Income Tax Expense (Benefit) 1,179 1,299 -9.2%
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest 4,219 4,692 -10.1%
Income Loss From Discontinued Operations Net Of Tax -38
Show Disposal Group Classification breakouts
Segment Discontinued Operations · Lumen's Mass Markets -38
Net Income 4,181 4,692 -10.9%
Net Income Loss Attributable To Noncontrolling Interest -352 -341 -3.2%
Show Equity Components breakouts
Noncontrolling Interest -316 -305 -3.6%
Net Income 3,829 4,351 -12.0%
Show Equity Components breakouts
Retained Earnings 3,829 4,351 -12.0%
Preferred Stock Dividends And Other Adjustments -36 44 -181.8%
Net Income Loss Available To Common Stockholders Basic 3,793 4,395 -13.7%
Income Loss From Continuing Operations Per Basic Share 0.54 0.61 -11.5%
EPS (Basic) 0.54 0.61 -11.5%
Income Loss From Continuing Operations Per Diluted Share 0.54 0.61 -11.5%
EPS (Diluted) 0.54 0.61 -11.5%
Wtd Avg Shares (Basic) 7,017 7,213 -2.7%
Wtd Avg Shares (Diluted) 7,027 7,223 -2.7%
Operating Expenses (Q)
Show Consolidated Entities breakouts
Forged Fiber 37 Services, LLC. · Segment Continuing Operations 95
Comprehensive Income 3,297 3,414 -3.4%
Other Comprehensive Income -532 -937 +43.2%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -306 -356 +14.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent -259 -613 +57.7%
Accumulated Net Unrealized Investment Gain Loss -1 11 -109.1%
Accumulated Other Comprehensive Income -532 -937 +43.2%
Accumulated Translation Adjustment 34 21 +61.9%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax -270 -624 +56.7%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 11,964 6,885 +73.8%
Accounts Receivable 8,335
Inventory 2,451 2,593 -5.5%
Prepaid Expenses & Other Current Assets 23,532 15,074 +56.1%
Total Current Assets 46,282 33,780 +37.0%
Non-Current Assets
Goodwill 63,838
Show Business Acquisition breakouts
Lumen's Mass Markets 800
Operating Lease Right-of-Use Assets 22,756 21,006 +8.3%
Other Non-Current Assets 18,801 17,255 +9.0%
Total Assets 421,188
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization 349,454 351,203 -0.5%
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization -216,330 -222,750 +2.9%
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 133,124 128,453 +3.6%
Indefinite Lived License Agreements 129,144 127,344 +1.4%
Other Intangible Assets Net 6,135 5,255 +16.7%
Equity Method Investments 1,108
Current Liabilities
Debt Current 6,818 8,902 -23.4%
Accounts Payable And Accrued Liabilities Current 37,304 33,113 +12.7%
Show Financing Program, Type [Axis] breakouts
Vendor Financing Program 1,474 1,078 +36.7%
Deferred Revenue (Current) 4,330
Dividends Payable Current 1,969 2,033 -3.1%
Total Current Liabilities 50,421 47,999 +5.0%
Non-Current Liabilities
Deferred Tax Liabilities 59,113 59,144 -0.1%
Postemployment Benefits Liability Noncurrent 8,427 9,040 -6.8%
Operating Lease Liabilities 18,907 17,433 +8.5%
Other Non-Current Liabilities 25,109 24,753 +1.4%
Deferred Credits And Other Liabilities Noncurrent 111,556 110,370 +1.1%
Other Liabilities
Long Term Debt And Capital Lease Obligations 131,589 117,259 +12.2%
Stockholders' Equity
Redeemable Noncontrolling Interest Equity Carrying Amount 2,003 1,981 +1.1%
Common Stock 7,621 7,621 0.0%
Additional Paid In Capital Common Stock 106,084 106,302 -0.2%
Retained Earnings 17,620 4,215 +318.0%
Treasury Stock Value -20,273 -14,252 -42.2%
Accumulated Other Comprehensive Income -1,392 -142 -880.3%
Minority Interest 15,959 16,114 -1.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 125,619 119,858 +4.8%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -1,392 -142 -880.3%
Additional Paid In Capital 106,084 106,302 -0.2%
Common Stock 7,621 7,621 0.0%
Noncontrolling Interest 15,959 16,114 -1.0%
Retained Earnings 17,620 4,215 +318.0%
Total Liabilities & Equity 421,188 397,467 +6.0%
Total Stockholders' Equity (Q)
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 1,472 2,844 -48.2%
Accumulated Gain Loss Net Cash Flow Hedge Parent -1,468 -1,217 -20.6%
Accumulated Net Unrealized Investment Gain Loss -29 -35 +17.1%
Accumulated Other Comprehensive Income -1,392 -142 -880.3%
Accumulated Translation Adjustment -1,367 -1,734 +21.2%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Provision For Doubtful Accounts 560 516 +8.5%
Increase Decrease In Pension And Postretirement Obligations -396 -397 +0.3%
Gain Loss On Investments 28 81 -65.4%
Increase Decrease In Receivables -119 15 -893.3%
Increase Decrease In Net Operating Assets Equip Installment Receivables And Related Asset Sales 255 1,212 -79.0%
Increase Decrease In Operating Assets Deferred Fulfillment Costs -327 -147 -122.4%
Increase Decrease In Other Operating Assets -173 -661 +73.8%
Increase Decrease In Other Accounts Payable And Accrued Liabilities -2,770 -3,297 +16.0%
Increase Decrease In Income Taxes 1,147 1,285 -10.7%
Pension And Other Postretirement Benefit Adjustment -72 -68 -5.9%
Increase Decrease In Other Operating Capital Net 277 124 +123.4%
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities 3,376 4,357 -22.5%
Net Cash Provided By Used In Operating Activities Continuing Operations 7,595 9,049 -16.1%
Investing Activities
Payments To Acquire Productive Assets -4,877 -4,277 -14.0%
Show Fair Value By Asset Class breakouts
Property Plant And Equipment -4,835 -4,240 -14.0%
Payments To Acquire Businesses Net Of Cash Acquired -2,674 -20 -13270.0%
Show Business Acquisition breakouts
Series Of Individually Immaterial Business Acquisitions -1,656
Series Of Individually Immaterial Business Acquisitions · Segment Discontinued Operations -4,100
Show Indefinite Lived Intangible Assets By Major Class breakouts
License -1,018 -1 -101700.0%
Proceeds From Divestiture Of Businesses And Interests In Affiliates 628 11 +5609.1%
Payments For Proceeds From Investments -14 45 -131.1%
Other Investing Activities -547 -717 +23.7%
Net Cash Provided By Used In Investing Activities Continuing Operations -7,484 -4,958 -50.9%
Financing Activities
Proceeds From Issuance Of Long Term Debt 8,098 2,956 +174.0%
Repayments Of Long Term Debt -5,247 -1,526 -243.8%
Repayments Of Longterm Loans From Vendors -212 -203 -4.4%
Share Repurchases -2,475 -218 -1035.3%
Proceeds From Sale Of Treasury Stock 1 17 -94.1%
Payments Of Dividends Common Stock -1,997 -2,091 +4.5%
Proceeds From Payments For Other Financing Activities -265 366 -172.4%
Net Cash Provided By Used In Financing Activities Continuing Operations -2,097 -553 -279.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Continuing Operations -1,986 3,538 -156.1%
Supplemental
Income Taxes Paid 1 11 -90.9%
Other Cash Flow
Cash Provided By Used In Operating Activities Discontinued Operations -38
Cash Provided By Used In Investing Activities Discontinued Operations -4,171
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Disposal Group Including Discontinued Operations -4,209
Net Change in Cash -6,195 3,538 -275.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 12,332 6,944 +77.6%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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