10-QPeriod: Q2 FY2025

T-Mobile US, Inc. Quarterly Report for Q2 Ended Jun 30, 2025

Filed July 23, 2025For Securities:TMUSTMUSZTMUSITMUSL

Summary

T-Mobile US, Inc. (TMUS) reported strong financial performance for the quarter ending June 30, 2025. Total revenues increased by 7% year-over-year to $21.1 billion, driven by a 9% increase in postpaid revenues, which benefited from higher Average Revenue Per Account (ARPA). Net income also saw a significant boost, rising 10% to $3.2 billion. The company continued its strategic growth through acquisitions, notably closing the Vistar Media Inc. acquisition and advancing the UScellular acquisition, which is expected to close on August 1, 2025. T-Mobile also made substantial investments in its network infrastructure and spectrum assets. Despite these investments and ongoing debt service, the company generated strong free cash flow, demonstrating robust operational execution and a solid financial position. Investors should monitor the integration of acquired businesses and the continued execution of T-Mobile's 5G network expansion strategy.

Financial Highlights

51 data points
Beta

Revenue

$21.13B

Net Income

$3.22B

15.2% Net Margin

EPS (Diluted)

$2.84

Total Assets

$212.64B

Cash & Equivalents

$10.26B

Free Cash Flow

$4.60B

Financial Statements
Beta
Revenue$21.13B
SG&A Expenses$5.40B
Operating Expenses$15.92B
Operating Income$5.21B
Net Income$3.22B
EPS (Basic)$2.84
EPS (Diluted)$2.84
Shares Outstanding (Basic)1.13B
Shares Outstanding (Diluted)1.13B

Key Highlights

  • 1Total revenues grew 7% year-over-year to $21.1 billion in Q2 2025.
  • 2Postpaid revenues increased by 9% to $14.1 billion, driven by higher ARPA and average postpaid accounts.
  • 3Net income rose 10% to $3.2 billion for the quarter.
  • 4The company made significant investments in its 5G network and spectrum, with purchases of property and equipment totaling $2.4 billion and spectrum licenses amounting to $842 million.
  • 5T-Mobile advanced key acquisitions, including the completed Vistar Media Inc. acquisition and the expected close of the UScellular acquisition on August 1, 2025.
  • 6Adjusted Free Cash Flow increased by 4% to $4.6 billion for the quarter.
  • 7The company returned $2.5 billion to shareholders through share repurchases in Q2 2025, as part of its $14.0 billion 2025 Stockholder Return Program.

Frequently Asked Questions

T-Mobile US, Inc. reported a 7% increase in total revenues, reaching $21.1 billion for the quarter ended June 30, 2025, compared to the same period in 2024. This growth was primarily driven by a 9% increase in postpaid revenues.

Net income for the second quarter of 2025 increased by 10% to $3.2 billion, or $2.84 per diluted share. This strong profitability was supported by robust revenue growth and effective cost management.

T-Mobile completed the acquisition of Vistar Media Inc. and received necessary regulatory approvals for the UScellular Acquisition, which is expected to close on August 1, 2025. The company also advanced its joint venture with KKR for Metronet, with an expected close on July 24, 2025.

T-Mobile continued to invest in its network with $2.4 billion in property and equipment purchases. The company also returned capital to shareholders, repurchasing $2.5 billion in stock during the quarter and paid dividends, as part of its $14.0 billion 2025 Stockholder Return Program.