NYSE$T

AT&T Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

AT&T reported Q3 2025 total operating revenues of $30.7B with net income of $9.68B and diluted EPS of $1.29.

Total operating revenues were $30.7 billion with net income of $9.68 billion and diluted EPS of $1.29 for the quarter ended September 30, 2025. Mobility and fiber growth offset legacy wireline declines.

  • Q3 operating revenues $30.7B.
  • Net income $9.68B; diluted EPS $1.29.
  • Service revenue $25.3B; equipment revenue $5.4B.
  • Fiber build, 5G, and cost discipline remain focal.

Headline financials

Total Revenue

$30.7B

Previous: $30.2B+1.6%
EPS (adj)

$1.29

Previous: -$0.03+4400.0%
Postpaid Phone Net Adds

405.0K

No prior period
Fiber Net Adds

10.1M

No prior period
Postpaid Phone Churn

0.8%

No prior period
Broadband ARPU

$70.36

No prior period
Fiber ARPU

$70.36

No prior period
Free Cash Flow

$9.31B

Previous: -$174M+5452.9%
Net Income

$9.31B

Previous: -$174M+5452.9%
Operating Income

$6.12B

Previous: $2.12B+189.2%
Gross Profit

$24.4B

Previous: $23.5B+3.6%
Cash & Equivalents

$20.3B

Previous: $2.59B+683.9%
Total Assets

$423B

Previous: $394B+7.5%

Revenue & EPS history

AT&T · Revenue · Quarterly

$30.7B

Q3 2025+1.6%vs Q3 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

AT&T · $29.2B total across 3 segments · Q3 2023

  • Mobility
    $20.7B+2.0%
  • Business Wireline
    $5.22B-7.9%
  • Consumer Wireline
    $3.33B+4.6%

Forward guidance

The release discusses AT&T's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Management discussed operating priorities and capital allocation for upcoming quarters.
  • AT&T cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-0.2%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+0.8%

Avg return

30 days after

48%

35 / 73 earnings

Positive

+10.0%

Q3 2022

Best reaction

-10.2%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.9%-1.4%-2.3%
Q4 2025+4.0%+14.3%+21.8%
Q3 2025-1.7%-2.0%-0.5%
Q2 2025+1.2%+2.0%+4.1%
Q1 2025+0.9%+1.1%+1.7%
Q4 2024+6.3%+4.4%+16.9%
Q3 2024+3.3%+2.8%+7.8%
Q2 2024+5.4%+3.8%+8.3%
Q1 2024+0.5%+3.2%+6.1%
Q4 2023-0.1%+0.3%-2.3%
Q3 2023+7.4%+8.4%+11.0%
Q2 2023-2.0%-1.9%-4.7%
Q1 2023-7.5%-11.1%-17.2%
Q4 2022+4.4%+5.2%+0.4%
Q3 2022+10.0%+13.8%+22.1%
Q2 2022-10.2%-10.6%-10.0%
Q1 2022+0.5%-0.7%+5.0%
Q4 2021-8.9%-3.7%-9.7%
Q3 2021-1.6%-2.1%-6.9%
Q2 2021+0.3%+1.0%-1.2%
Q1 2021+4.3%+2.2%-0.3%
Q4 2020-3.2%-3.7%-6.3%
Q3 2020+4.1%+0.7%+6.0%
Q2 2020-1.9%-1.6%-1.6%
Q1 2020-1.2%+2.2%+0.0%
Q4 2019-3.0%-4.2%-8.7%
Q3 2019+3.1%+5.5%+2.0%
Q2 2019+5.4%+7.0%+8.5%
Q1 2019-5.5%-3.8%+0.5%
Q4 2018-2.1%-3.6%+0.4%
Q3 2018-9.2%-10.2%-11.1%
Q2 2018-2.4%+0.3%+4.8%
Q1 2018-5.5%-6.6%-7.1%
Q4 2017+4.6%-2.2%-2.9%
Q3 2017-5.0%-3.6%-1.1%
Q2 2017+4.9%+7.6%+4.0%
Q1 2017+1.0%-1.0%-4.5%
Q4 2016+1.0%+1.1%+2.4%
Q3 2016-1.7%-2.6%+0.7%
Q2 2016+0.9%-0.8%-4.0%
Q1 2016+1.3%
Q4 2015+1.4%
Q3 2015+0.4%
Q2 2015+0.0%
Q1 2015+4.8%
Q4 2014-1.5%
Q3 2014-2.8%
Q2 2014-1.3%
Q1 2014-3.2%
Q4 2013-0.6%
Q3 2013-1.7%
Q2 2013-0.5%
Q1 2013-4.3%
Q4 2012+0.7%
Q3 2012-1.4%
Q2 2012-0.1%
Q1 2012-0.3%
Q4 2011-0.3%
Q3 2011+0.3%
Q2 2011-3.7%
Q1 2011+0.4%
Q4 2010-0.7%
Q3 2010-0.9%
Q2 2010+0.4%
Q4 2009+0.4%
Q1 2009-2.6%
Q1 2010+0.6%
Q4 2007-0.4%
Q2 2008+1.6%
Q3 2009+1.6%
Q3 2008+1.6%
Q2 2009-2.8%
Q4 2008-2.8%

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