T

AT&T
D

T

Arincen54/100B

If you had invested in AT&T ago, it would be worth $1,608 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

54/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth2.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength0

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

AT&T key facts

Style
Dividend stock · 9.0/10Growth 2.1 · Value 4.7 · Dividend 9.0
Day range
22.160 – 22.380
52-week range
19.890 – 29.440
Market capitalization
149.79B USD
P/E
12.02
PEG ratio
4.14
EPS
1.85
Div Yield
4.99%
EPS growth forecast (FY2026)
+13.8%
Volume
107,591
Beta
0.44
ESG score
69.9/100Environment 78 · Social 59 · Governance 73
Sector
Communication Services
Industry
Telecommunications Services
CEO
John T. Stankey
Employees
133K
Website
att.com
IPO date
21 Nov 1983

AT&T earnings

Next earnings · Q4 FY2026
EPS estimate
0.53 USD
Revenue estimate
34.70B USD
Last quarter · Q3 FY2026
EPS0.65Beat +8.0%Revenue32.30BBeat +1.9%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20280.69——+12.87%32.36B——+2.30%
Q4 FY20270.61——+15.26%34.34B——-1.04%
Q1 FY20270.61——+7.63%31.63B——+0.40%
Q4 FY20260.53——+1.92%34.70B——+3.69%
Q3 FY20260.600.65+7.97%+20.37%31.69B32.30B+1.93%+5.18%
Q2 FY20260.590.65+10.17%+20.37%31.80B31.56B-0.75%+2.30%
Q1 FY20260.550.57+3.26%+11.76%31.25B31.51B+0.82%+2.87%
Q4 FY20250.460.52+12.36%-3.70%32.87B33.47B+1.81%+3.62%
Q3 FY20250.540.54+0.56%-10.00%30.87B30.71B-0.52%+1.64%
Q2 FY20250.530.54+1.89%-5.26%30.46B30.85B+1.28%+3.52%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

AT&T analyst forecast

12-month price target
26.39 USD
+18.69%

Analysts' 1-year price targets range from 20.00 to 33.00, with an average of 26.39.

Past year
1-year forecast
Strong sellStrong buy
Buy
16 ratings
Buy
10
Hold
5
Sell
1

12-month price target

Highest target33.00
Average target26.39
Lowest target20.00
Current price22.24

AT&T valuation

Price to earnings ratio (TTM)
12.02
Forward P/E (FY2026)
9.26
Price to sales (TTM)
1.16
Price to book
1.40
EV / EBITDA (TTM)
6.94

Capital structure

Market capitalization
149.79B USD
+
Total debt
178.15B USD
−
Cash and short-term investments
10.77B USD
=
Enterprise value
317.17B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)7.55————
FY2027 (est.)8.577.55———
FY2026 (est.)9.268.57———
Now (TTM)12.028.651.161.406.94
FY20258.1711.071.421.616.10
FY202415.2811.071.341.576.85
FY20238.527.780.981.175.93
FY2022-15.097.561.091.3513.43
FY20216.707.130.990.805.76

AT&T against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: T-Mobile US, Verizon Communications, Comcast, T-Mobile US, Inc. 6.25 % Notes -01.09.69, and Charter Communications, the US Telecommunications Services companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginAbove its median59.6%
    43.7%59.8%
    Against its peers: 2 of 5Peers' median 47.0%
  • Operating marginAbove its median19.9%
    -3.8%20.2%
    Against its peers: 4 of 5Peers' median 21.2%
  • Net marginHighest in 5 years17.4%
    -7.1%17.4%
    Against its peers: 1 of 5Peers' median 12.4%
  • Return on equityHighest in 5 years19.8%
    -8.7%19.8%
    Against its peers: 3 of 5Peers' median 19.6%
  • Free cash flow marginAt its median15.5%
    10.3%19.0%
    Against its peers: 3 of 5Peers' median 14.9%
  • Revenue growthHighest in 5 years2.7%
    -22.0%2.7%
    Against its peers: 2 of 5Peers' median 1.3%
  • EPS growthHighest in 5 years104.0%
    -141.4%104.0%
    Against its peers: 1 of 5Peers' median 2.1%
  • Debt to EBITDALowest in 5 years2.83×
    2.83×7.34×
    Against its peers: 2 of 5Peers' median 4.05×
  • Current ratioAbove its median0.91
    0.591.61
    Against its peers: 3 of 5Peers' median 0.90

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

AT&T growth and profitability

Revenue (TTM)
128.85B USD
Net income (TTM)
13.14B USD
Gross margin
59.74%
Operating margin
18.56%
Net margin
10.19%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY2025125.65B+2.71%21.89B+99.94%59.55%19.90%17.42%54.70B+24.21%
FY2024122.34B-0.08%10.95B-23.97%59.77%15.57%8.95%44.04B-2.82%
FY2023122.43B+1.40%14.40B—43.72%20.23%11.76%45.32B+115.12%
FY2022120.74B-9.92%-8.52B-142.45%57.89%-3.80%-7.06%21.07B-60.80%
FY2021134.04B-21.96%20.08B—54.93%19.32%14.98%53.74B+60.08%

AT&T revenue breakdown

By product

FY2025
Wireless Service: 55.8%Equipment: 19.5%Business Service: 12.7%Legacy Voice and Data: 8.2%IP Broadband: 2.8%Other Service: 0.9%55.8%Wireless Service19.5%Equipment12.7%Business Service8.2%Legacy Voice and Data2.8%IP Broadband
SegmentRevenueShare of revenueChange on the year
Wireless Service70.10B55.8%+3.0%
Equipment24.49B19.5%+10.3%
Business Service15.98B12.7%-11.5%
Legacy Voice and Data10.36B8.2%+582.6%
IP Broadband3.54B2.8%-68.4%
Other Service1.18B0.9%-9.5%

By region

FY2025
United States: 95.7%Mexico: 3.5%Asia Pacific: 0.3%Europe: 0.3%International: 0.1%Region of Latin America and Caribbean excluding Brazil: 0.1%95.7%United States3.5%Mexico
RegionRevenueShare of revenueChange on the year
United States120.22B95.7%+2.9%
Mexico4.43B3.5%+3.3%
Asia Pacific395.00M0.3%-14.5%
Europe382.00M0.3%-13.4%
International114.00M0.1%-1.7%
Region of Latin America and Caribbean excluding Brazil110.00M0.1%-26.2%

How AT&T makes its money

Wireless Service70.10B 55.8%
Equipment24.49B 19.5%
Business Service15.98B 12.7%
Legacy Voice and Data10.36B 8.2%
IP Broadband3.54B 2.8%
Other Service1.18B 0.9%
Revenue125.65B 100.0%
Cost of revenue50.82B 40.4%
Gross profit74.83B 59.6%
Selling and administration28.94B 23.0%
Other operating expenses20.89B 16.6%
Operating income25.00B 19.9%
Tax3.62B 2.9%
Net income21.89B 17.4%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

AT&T dividends

Annual dividend
1.11 USD
Dividend yield (indicated)
4.99%
Payout ratio
60.00%
Frequency
Quarterly
Last payment
0.28 USD
Last ex-dividend date
9 Oct 2026
Last payment date
2 Nov 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share1.111.111.111.352.082.082.042.001.961.92

AT&T financial health

Cash and short-term investments
10.77B USD
Total debt
178.15B USD
Net cash
-167.38B USD
Free cash flow (TTM)
17.85B USD
Current ratio
0.87
Debt to equity
1.67
Piotroski score
5 / 9
Altman Z-score
0.80

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY202518.23B155.04B19.44B
FY20243.30B140.92B18.51B
FY20236.72B154.90B20.46B
FY20223.70B154.68B12.40B
FY202119.22B195.83B25.43B

AT&T ownership

Institutions
66.25%
Institutional holders
2,795 (-291)
Free float
99.88%

Who owns the shares

Institutions 66.2% Others 33.8%
As of 30 Jun 2026

Shares free to trade

Free float 6.73B shares ·99.9% Closely held 8.40M shares ·0.1%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 20260038.66K53.87K
Q3 20260040.28K9.25K
Q2 202600138.82K0.00
Q1 2026004.99M6.46M

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20257.17B7.18B-0.35%
FY20247.20B7.20B-0.74%
FY20237.18B7.26B-4.34%
FY20227.17B7.59B+1.12%
FY20217.17B7.50B-21.11%

Source: Financial Modeling Prep

Related Instruments

Title: AT&T

Sector: Communication Services
Industry: Telecommunications Services
AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Dallas, Texas. It operates through the following segments: Communications, WarnerMedia, Latin America, and Xandr. It is the world's largest telecommunications company by revenue and the third-largest provider of mobile telephone services in the US. The company has been consistently ranked in the top 20 on the Fortune 500 rankings of the largest US corporations by revenue. During most of the last century, AT&T Inc. was the dominant phone service in the US, although it has since lost that position of prominence. The company was incorporated as the American District Telegraph Company in St. Louis in 1878. Through a series of mergers, it became Southwestern Bell Telephone Company and finally AT&T Inc.

Common questions about AT&T stock