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AT&T INC.T

Sector
Technology
Industry
Telephone Communications (No Radiotelephone)
Exchange
NYSE

Stock Price $T

Latest filings

You are here#7 of 17 in Communication by market cap

Filing record · 2016–202610-K1110-Q348-K281

T filed 11 annual reports (10-K), 34 quarterly reports (10-Q) and 281 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Aug ’18Aug ’18
  2. Leadership change8-K · Apr ’20Apr ’20
  3. Deal closed8-K · Apr ’22Apr ’22
  4. Material agreement8-K · Nov ’25Nov ’25

01—Key figures

Share Class
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $125.65B
YoY changeLargest recent move−21.1%in FY20Latest +2.7%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All T Financial Metrics60 metrics

Income Statement14

Balance Sheet26

Cash Flow15

Per Share5

02—Overview

AT&T INC. Financial Overview 2021–2025

Updated Jul 10, 2026

AT&T posted a 78.0% surge in Consumer Wireline operating income in FY2025, proving that its massive multi-year fiber buildout is finally dropping to the bottom line. After years of unwinding costly media acquisitions, the telecom operator has successfully reinvented itself as a leaner, cash-generating business focused purely on connectivity.

Total operating revenue shrank from $168.9 billion in FY2021 to $125.6 billiona in FY2025 as management systematically stripped away non-core assets. The final exit from DIRECTV in FY2025 generated a $5.6 billion gain, completely severing the company from its pay-TV era. Instead of funding entertainment, AT&T is pouring cash into physical infrastructure, deploying $20.8 billion in capital expenditures during the year. This strict capital allocation is defending core profitability, securing a stable 30.4% operating margin in the Mobility segment as wireless demand grows.

Investors are recalibrating to this back-to-basics strategy. Backed by expanding operating efficiencies and a streamlined corporate structure, AT&T closed out FY2025 at a stock price of $24.84b. This priced the telecommunications provider at just 8.2x earnings at the end of the fiscal year, anchoring a valuation that relies on core subscriber cash flows rather than volatile media cycles.

Recent Developments (Q4 2025 and Q1 2026)

AT&T implemented a new reporting structure in Q1 2026 to isolate its modernization progress. Total operating revenues increased 2.9% year-over-year to $31.5 billionc. The newly formed Advanced Connectivity segment grew revenues by 4.7%. This drove total operating income up 15.7% to $6.7 billion and expanded operating margins to 21.1%.

The board approved a new $10 billiond buyback authorization in January 2026, leading to 95 million share repurchases during the first quarter. Additionally, CFO Pascal Desroches will retire at the end of 2026, with Jennifer Biry assuming the role. Bulls argue that expanding advanced internet margins validate the strategic transition away from copper infrastructure. Bears counter that the steep 25.3% revenue decline in the Legacy segment remains a persistent drag on consolidated growth. The stock traded at 8.4x earnings as of the April 27, 2026 reporting date.

What to watch: progress on legacy network decommissioning timelines; transition dynamics as the new CFO assumes leadership in late 2026

03—Filings

Recent SEC Filings

  1. 8-KAT&T INC. 8-K Report, Financial Results (Oct 21, 2026)AT&T Inc. reported its third-quarter 2026 financial results, showcasing robust growth driven by its "Advanced Connectivity" strategy. The company achieved consolidated service revenue growth of 5.3% year-over-year, reaching $32.3 billion, and saw a significant increase in "Advanced Connectivity" segment revenue, up 7.2% to $29.5 billion. This performance was fueled by strong net additions in both fiber and fixed wireless internet, alongside a healthy gain in postpaid phone subscribers. The company also updated its financial outlook, anticipating higher adjusted EPS for 2026 and a reduction in long-term capital investment, while reaffirming its commitment to substantial shareholder returns and a targeted net debt-to-adjusted EBITDA ratio. Key financial metrics for the quarter include adjusted EPS of $0.65, an increase from $0.54 in the prior year, and free cash flow of $5.0 billion. AT&T continues its strategic shift, with significant revenue declines in its "Legacy" segment as it progresses with copper network decommissioning. The company also provided an update on its agreement to sell its Mexico wireless business, which is expected to be completed, although it continues to be presented within the Latin America segment for now. Overall, the results indicate a company executing on its growth strategy with a focus on high-speed internet and mobile services.
  2. 8-KAT&T INC. 8-K Report, Executive Changes (Oct 16, 2026)AT&T Inc. (T) has filed an 8-K report announcing the retirement of Global Marketing Officer & Senior Executive Vice President – International, Lori M. Lee, effective December 31, 2026. This departure is directly linked to the company's strategic decision to sell its wireless business in Mexico and broader organizational restructuring. Ms. Lee's position will be eliminated as a result of this divestiture and reorganization, indicating a significant shift in AT&T's international strategy and operational structure.
  3. 8-KAT&T INC. 8-K Report, Executive Changes (Sep 9, 2026)AT&T Inc. filed an 8-K on September 9, 2026 reporting a board governance change under Item 5.02. Effective September 8, 2026, the Board of Directors expanded from 10 to 11 members, and Fazal F. Merchant was elected as a Director to fill the newly created seat. The Board has determined Mr. Merchant is independent under New York Stock Exchange standards. Mr. Merchant was appointed to two Board committees: the Audit Committee and the Corporate Development and Finance Committee. Audit Committee membership is a significant assignment because that committee oversees financial reporting, internal controls, and the independent auditor relationship. He will also participate in the non-employee Director compensation program described in AT&T's 2026 Proxy Statement, though the filing does not specify the terms in this excerpt. For investors, this is a routine but meaningful governance event rather than a financial or operational disclosure. The filing contains no financial results, guidance, transaction details, or reasons for the board expansion, and the excerpt provided does not state the rationale. Investors seeking more context on Mr. Merchant's background, compensation, and the board's stated reasons would need to consult the proxy statement and any related filings.
  4. 8-KAT&T INC. 8-K Report, Corporate Update (Aug 17, 2026)AT&T Inc. (T) has announced the successful closing of its offering of new debt securities on August 17, 2026. The company issued €1.2 billion in Floating Rate Global Notes due 2028 denominated in Euros and $1.1 billion in Floating Rate Global Notes due 2028 denominated in U.S. Dollars. These notes were sold under separate underwriting agreements with Deutsche Bank AG and BNP Paribas Securities Corp., respectively, and were issued pursuant to an existing indenture with The Bank of New York Mellon Trust Company, N.A. This debt issuance was registered with the SEC and supplemented by recent prospectus filings. This action by AT&T indicates a proactive approach to managing its capital structure and potentially refinancing existing debt or funding ongoing operations and strategic initiatives. The floating rate nature of these notes means their interest payments will adjust with market rates, which could be advantageous or disadvantageous depending on future interest rate movements. Investors should note that these issuances add to AT&T's overall debt load, and the proceeds will be used in accordance with the company's financial strategy.
  5. 8-KAT&T INC. 8-K Report, Corporate Update (Aug 4, 2026)AT&T Inc. (T) announced the closing of a significant debt issuance on August 3, 2026. The company successfully sold €5,000,000,000 and £550,000,000 in aggregate principal amount of Global Notes across various maturity dates, ranging from 2030 to 2052, with coupon rates from 3.600% to 7.050%. This action was executed under an Underwriting Agreement with a syndicate of reputable financial institutions, including Barclays Bank PLC, Citigroup Global Markets Limited, Goldman Sachs & Co. LLC, and Wells Fargo Securities International Limited. The issuance was registered under the Securities Act of 1933 and forms part of AT&T's ongoing capital management strategy. The proceeds from this offering are expected to be used for general corporate purposes, potentially including refinancing existing debt, funding capital expenditures, or supporting strategic initiatives. Investors should note the diversification of currency (Euro and Pound Sterling) and the staggered maturity profile of these new notes, which can impact the company's future interest expense and debt management. This filing serves to incorporate the relevant documentation into AT&T's public filings, providing transparency on the terms and conditions of this debt transaction.
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04—See also

Related Companies

Annual revenue over each company’s last eight fiscal years, each strip on its own scale from zero.