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T-Mobile US, Inc.TMUS

Sector
Technology
Industry
Radiotelephone Communications
Exchange
Nasdaq

Stock Price $TMUS

Latest filings

You are here#6 of 17 in Communication by market cap

Filing record · 2016–202610-K1110-Q338-K226

TMUS filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 226 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’18Mar ’18
  2. Leadership change8-K · Apr ’20Apr ’20
  3. Auditor change8-K · Apr ’22Apr ’22
  4. Leadership change8-K · Sep ’25Sep ’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

  18. $88.31B
YoY changeLargest recent move+52.0%in FY20Latest +8.5%

1 older move runs past ±100% (largest +406.7%); point at, tap or drag across the bars to read one.

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

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All TMUS Financial Metrics63 metrics

Income Statement17

Balance Sheet26

Cash Flow15

Per Share5

02—Overview

T-Mobile US, Inc. Financial Overview 2021–2025

Updated Jul 10, 2026

Following years of post-merger integration costs, T-Mobile's network investments triggered a profitability pivot, culminating in a 221% net income surge in FY2023 that reset its underlying margin profile. The telecom provider has effectively transitioned from a disruptive challenger to a scaled market leader, leveraging strategic acquisitions to drive high-margin postpaid growth and consistent capital returns.

Total revenues grew from $80.1 billion in FY2021 to $88.3 billiona in FY2025, fueled by steady subscriber additions and targeted asset purchases like the UScellular wireless business. By Q1 2026, the core postpaid segment accelerated further, with revenues surging 15% year-over-year to $15.6 billion. This growth was underpinned by a $151.93 Average Revenue Per Account, representing a 4% increase from the prior year. This top-line momentum consistently translates into operational efficiency, generating $33.94 billion in Adjusted EBITDA for FY2025.

To distribute this expanding cash flow, the board authorized an $18.2 billion shareholder return programb for FY2026. As execution validated this growth and consolidation strategy, the market rewarded the equity. At the close of FY2025, the stock traded at $203.04 with a 20.9x price-to-earnings multiple, valuing the company at a $224.8 billion market capitalization.

Recent Developments (Q4 2025 and Q1 2026)

In Q1 2026, T-Mobile generated $23.1 billionc in total revenue, reflecting an 11% increase year-over-year. Core Adjusted EBITDA concurrently climbed 12% to $9.2 billion. Management subsequently raised financial guidance for the full fiscal year 2026. The company also optimized its capital structure, issuing $2.0 billion and €2.5 billion in senior notes during the quarter while streamlining its guarantor group.

Bears caution that the 16% increase in operating expenses—driven by merger-related costs and network restructuring—presents near-term margin pressure, culminating in a 15% decline in net income to $2.5 billiond. Conversely, bulls emphasize the expanding underlying profitability, noting the stock traded at 19.2x earnings as of April 28, 2026.

What to watch: stabilization of operating expenses post-acquisition; expansion of the fiber footprint through joint ventures with Wren House and Oak Hill.

03—Filings

Recent SEC Filings

  1. 8-KT-Mobile US, Inc. 8-K Report, Executive Changes (Sep 3, 2026)T-Mobile US, Inc. (TMUS) disclosed on September 3, 2026 that CFO Peter Osvaldik will retire from the CFO role in February 2027, with a planned Strategic Advisor role through July 1, 2027, when his contract extension ends. Jessica Uhl, former CFO of Shell plc and most recently President of GE Vernova, joins as CFO Designate in mid-September 2026 and is expected to succeed him as CFO. The company describes this as long-term succession planning with an extended overlap period intended to preserve continuity across finance, investor relations and capital markets relationships. The filing's compensation disclosure sets out Uhl's Offer Letter, dated September 1, 2026. It includes a base salary of at least $975,000, an STI target of at least 200% of eligible earnings, and annual LTI awards from 2027 with a target grant-date value of at least $9.525 million. She also receives a $1 million sign-on cash bonus, subject to pro-rata clawback if she leaves without good reason within 12 months, and one-time sign-on LTI awards of $9.525 million, split between RSUs ($6.35 million) and PRSUs ($3.175 million). Severance for termination without cause or for good reason is two times base plus target STI, with partial vesting of LTI awards. A retirement letter agreement, previously described in the December 2025 8-K, is incorporated by reference. From an investor standpoint, the announcement is primarily a leadership transition rather than a financial event. The company reaffirmed its 2026 financial guidance and said its capital return program and long-term financial framework are unchanged. The main items to monitor are the execution of the handover, the Offer Letter exhibit to be filed later, and the 2026 Form 10-K, after which Uhl is expected to take over as CFO.
  2. 8-KT-Mobile US, Inc. 8-K Report, Financial Results (Jul 23, 2026)T-Mobile US (TMUS) reported second-quarter 2026 results on July 23, 2026, led by strong service revenue and profitability growth, while postpaid account growth moderated. Total service revenues rose 9% year-over-year to $19.0 billion, and postpaid service revenues rose 13% to $15.9 billion, supported by higher postpaid ARPA ($152.91, up 2%) and the contribution of the UScellular, Metronet and Lumos acquisitions. Core Adjusted EBITDA grew 12% to $9.5 billion with a 50.2% margin on service revenues, and Adjusted Free Cash Flow rose 4% to $4.8 billion. The main soft spot was customer growth. Postpaid net account additions fell 13% year-over-year to 277 thousand, and postpaid account churn rose to 0.99% from 0.92% a year earlier, which management attributed to a larger base and a higher mix of broadband-only accounts. Reported net income was $3.2 billion (up 1%) and diluted EPS was $2.99 (up 5%), both including roughly $0.14 per share of UScellular merger-related costs. Q2 Net income also reflects $46 million of network restructuring costs, and the prior-year quarter included a gain on a spectrum sale. Management raised its 2026 guidance for cash flow only. Net cash provided by operating activities is now expected at $28.4–$28.8 billion (up $200 million at midpoint), and Adjusted Free Cash Flow at $18.4–$18.8 billion (up $200 million). Core Adjusted EBITDA ($37.1–$37.5 billion), postpaid net account additions (950 thousand–1.05 million) and capital expenditures (~$10.0 billion) were reiterated. Stockholder returns in Q2 totaled $3.3 billion, and the company has repurchased a further $392 million through July 17, within an authorization of up to $18.2 billion for 2026.
  3. 8-KT-Mobile US, Inc. 8-K Report, Executive Changes (Jul 7, 2026)T-Mobile (TMUS) filed an 8-K on July 7, 2026 disclosing a leadership reshuffle centered on the appointment of Chris Sambar as Chief Enterprise Officer, effective no later than October 14, 2026. Sambar, currently COO of Public Storage and a former AT&T executive (including President of Network and leader of enterprise sales and the FirstNet build-out), will oversee the SMB, enterprise and government businesses and report directly to CEO Srini Gopalan. The filing frames the role as a driver of growth in emerging areas such as T-Ads and Physical AI, consistent with the strategic priorities set out at the February 2026 Capital Markets Update. The filing does not include any financial results, guidance, or changes to capital allocation, so this is a governance and organizational event rather than a financial one. Several other changes accompany the hire. André Almeida moves from Chief Broadband, Enterprise & Emerging Business Officer to Chief Marketing, Brand & Broadband Officer, partnering with COO Jon Freier on consumer wireless and broadband, and will keep some enterprise duties during Sambar's onboarding. CTO Dr. John Saw expands his remit to include product engineering and cybersecurity. Michael Katz, Chief Business & Product Officer for more than two decades, departs effective July 8, 2026 and will serve as a strategic advisor through December 2026, which supports a smooth handover. For investors, the key takeaways are that the enterprise and government segment now has a dedicated, experienced executive, that consolidation of network, technology, product engineering and cyber under one leader may sharpen execution, and that the Katz departure removes a long-tenured product leader. The filing reports no material financial impact, and the market reaction, if any, would depend on how the new structure performs against TMUS's growth targets.
  4. 8-KT-Mobile US, Inc. 8-K Report, Shareholder Vote Results (Jun 18, 2026)This 8-K filing reports on the outcomes of T-Mobile US, Inc.'s Annual Meeting of Stockholders held on June 16, 2026. All three proposals presented to shareholders passed with significant support. Key among these is the election of all 13 director nominees to the Board, indicating strong shareholder confidence in the current leadership. Additionally, the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified with overwhelming approval. Shareholders also conducted an advisory vote to approve the compensation of the Company's named executive officers for 2025, which also passed. While the advisory vote on executive compensation received less overwhelming support compared to the director elections and auditor ratification, it still demonstrated majority approval. Overall, the meeting results suggest a stable and supportive shareholder base for T-Mobile's current governance and operational direction.
  5. 8-KT-Mobile US, Inc. 8-K Report, Financial Results (Apr 28, 2026)T-Mobile US (TMUS) reported first quarter 2026 results on April 28, 2026, showing continued postpaid account growth and strong financial growth, though GAAP net income and EPS declined year-over-year due to UScellular merger-related costs. Postpaid net account additions were 217 thousand, up 6% year-over-year, and postpaid ARPA rose 3.9% to $151.93. Total service revenues grew 11% to $18.8 billion, with postpaid service revenues up 15% to $15.6 billion. Core Adjusted EBITDA rose 12% to $9.2 billion, and Adjusted Free Cash Flow grew 5% to $4.6 billion. GAAP results were weighed down by Special Items. Net income fell 15% to $2.5 billion and diluted EPS fell 12% to $2.27, including $476 million (or $0.43 per share) of net-of-tax UScellular merger-related costs including accelerated depreciation. Other Special Items included $105 million of workforce transformation severance and $103 million of network restructuring costs. Net debt excluding tower obligations rose to $84.7 billion, and the net debt to LTM net income ratio increased to 8.0x from 6.4x a year earlier, reflecting lower trailing GAAP earnings rather than a material change in leverage on an EBITDA basis (2.4x). Management raised guidance modestly: postpaid net account additions are now expected at 950 thousand to 1.05 million, Core Adjusted EBITDA at $37.1 to $37.5 billion, operating cash flow at $28.1 to $28.7 billion, and Adjusted Free Cash Flow at $18.1 to $18.7 billion, with capital expenditures unchanged at about $10.0 billion. The Board also raised the 2026 stockholder return authorization to up to $18.2 billion, up $3.6 billion. Q1 stockholder returns totaled $6.0 billion.
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04—See also

Related Companies

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