54/100B21.625
USD
-0.20
(-0.89%)
Post Trading·21.615USD-0.010(-0.05%)
AT&T return on equity (ROE)What is return on equity (ROE)? Return on equity (ROE) is a year of net income divided by shareholders' equity: the profit a company makes on each dollar its owners have in it.
AT&T's return on equity is 13.79%: net income of 14.72B USD over the last twelve months on shareholders' equity of 106.78B USD.
- Today
- 13.79%
- Average, 5 years
- 10.24%
- Low, 5 years
- -10.52%
- High, 5 years
- 21.35%
ROE (return on equity) = net income (last 12 months) ÷ shareholders' equity = 14.72B ÷ 106.78B = 13.79%
ROE (return on equity)
Net income
Shareholders' equity
Each quarter's net income over its last four quarters, over the shareholders' equity at the quarter end.
What drives AT&T's return on equity?What is DuPont analysis? DuPont analysis splits return on equity into three parts: profit margin, asset turnover and the equity multiplier. It shows whether a high ROE comes from profits, from using assets well, or from debt.
Net margin
17.4%
profit on each dollar of sales
×
Asset turnover
0.30×
sales on each dollar of assets
×
Equity multiplier
3.80×
assets on each dollar of equity
=
Return on equity
19.8%
FY2025
- FY202517.4% × 0.30 × 3.80 = 19.8%
- FY20248.9% × 0.31 × 3.78 = 10.5%
- FY202311.8% × 0.30 × 3.94 = 13.9%
- FY2022-7.1% × 0.30 × 4.13 = -8.7%
- FY202115.0% × 0.24 × 3.32 = 12.1%
The DuPont breakdown, on each year-end's assets and equity, as the return on equity elsewhere on this page. A high equity multiplier means a small equity base: debt, or buybacks that return the equity to shareholders, lift the return on what is left.
ROE (return on equity) by year and by quarter
| Fiscal year | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Today | 13.79% | 14.72B | 106.78B | |
| FY2025 | 31 Dec 2025 | 21.16% | 23.39B | 110.53B |
| FY2024 | 31 Dec 2024 | 11.74% | 12.25B | 104.37B |
| FY2023 | 31 Dec 2023 | 13.94% | 14.40B | 103.30B |
| FY2022 | 31 Dec 2022 | -7.05% | -6.87B | 97.50B |
| FY2021 | 31 Dec 2021 | 12.91% | 21.48B | 166.33B |
| FY2020 | 31 Dec 2020 | 13.29% | 21.48B | 161.67B |
| FY2019 | 31 Dec 2019 | 7.55% | 13.90B | 184.22B |
| FY2018 | 31 Dec 2018 | 10.52% | 19.37B | 184.09B |
| FY2017 | 31 Dec 2017 | 20.91% | 29.45B | 140.86B |
| FY2016 | 31 Dec 2016 | 10.54% | 12.98B | 123.14B |
| FY2015 | 31 Dec 2015 | 10.88% | 13.35B | 122.67B |
| FY2014 | 31 Dec 2014 | 7.51% | 6.74B | 89.72B |
| FY2013 | 31 Dec 2013 | 7.69% | 7.00B | 90.99B |
| FY2012 | 31 Dec 2012 | 7.86% | 7.26B | 92.36B |
| FY2011 | 31 Dec 2011 | 3.96% | 4.18B | 105.53B |
| FY2010 | 31 Dec 2010 | 17.79% | 19.86B | 111.65B |
| FY2009 | 31 Dec 2009 | 12.65% | 12.84B | 101.56B |
| FY2008 | 31 Dec 2008 | 13.35% | 12.87B | 96.35B |
| FY2007 | 31 Dec 2007 | 10.53% | 12.15B | 115.37B |
| FY2006 | 31 Dec 2006 | 6.37% | 7.36B | 115.54B |
| FY2005 | 31 Dec 2005 | 8.75% | 4.79B | 54.69B |
| FY2004 | 31 Dec 2004 | 12.29% | 4.98B | 40.50B |
| FY2003 | 31 Dec 2003 | 2.35% | 898.00M | 38.25B |
| FY2002 | 31 Dec 2002 | 17.03% | 5.65B | 33.20B |
| FY2001 | 31 Dec 2001 | 21.29% | 7.01B | 32.92B |
| FY2000 | 31 Dec 2000 | 4.25% | 1.30B | 30.46B |
| FY1999 | 31 Dec 1999 | 17.17% | 4.59B | 26.73B |
| FY1998 | 31 Dec 1998 | 4.12% | 938.00M | 22.77B |
| FY1997 | 31 Dec 1997 | 14.01% | 1.47B | 10.52B |
| FY1996 | 31 Dec 1996 | 36.06% | 3.48B | 9.64B |
| FY1995 | 31 Dec 1995 | 8.28% | 517.80M | 6.26B |
| FY1994 | 31 Dec 1994 | 19.73% | 1.65B | 8.36B |
| FY1993 | 31 Dec 1993 | 18.96% | 1.44B | 7.57B |
| FY1992 | 31 Dec 1992 | 13.99% | 1.30B | 9.30B |
| FY1991 | 31 Dec 1991 | 13.05% | 1.16B | 8.86B |
| FY1990 | 31 Dec 1990 | 12.84% | 1.10B | 8.58B |
| FY1989 | 31 Dec 1989 | 13.06% | 1.09B | 8.37B |
| FY1988 | 31 Dec 1988 | 14.28% | 1.01B | 7.09B |
| FY1987 | 31 Dec 1987 | 12.78% | 1.05B | 8.19B |
| FY1986 | 31 Dec 1986 | 13.08% | 1.02B | 7.82B |
| FY1985 | 31 Dec 1985 | 13.47% | 996.20M | 7.40B |
| Quarter | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 13.79% | 14.72B | 106.78B |
| Q2 FY2026 | 30 Jun 2026 | 20.91% | 23.09B | 110.44B |
| Q1 FY2026 | 31 Mar 2026 | 20.89% | 22.91B | 109.66B |
| Q4 FY2025 | 31 Dec 2025 | 21.16% | 23.39B | 110.53B |
| Q3 FY2025 | 30 Sept 2025 | 21.35% | 23.64B | 110.71B |
| Q2 FY2025 | 30 Jun 2025 | 13.40% | 14.11B | 105.27B |
| Q1 FY2025 | 31 Mar 2025 | 12.72% | 13.19B | 103.74B |
| Q4 FY2024 | 31 Dec 2024 | 11.74% | 12.25B | 104.37B |
| Q3 FY2024 | 30 Sept 2024 | 9.80% | 10.03B | 102.35B |
| Q2 FY2024 | 30 Jun 2024 | 12.71% | 13.38B | 105.31B |
| Q1 FY2024 | 31 Mar 2024 | 13.32% | 13.92B | 104.54B |
| Q4 FY2023 | 31 Dec 2023 | 13.94% | 14.40B | 103.30B |
| Q3 FY2023 | 30 Sept 2023 | -10.52% | -10.91B | 103.70B |
| Q2 FY2023 | 30 Jun 2023 | -7.91% | -8.06B | 101.90B |
| Q1 FY2023 | 31 Mar 2023 | -8.44% | -8.39B | 99.40B |
| Q4 FY2022 | 31 Dec 2022 | -7.64% | -7.45B | 97.50B |
| Q3 FY2022 | 30 Sept 2022 | 16.77% | 20.52B | 122.41B |
| Q2 FY2022 | 30 Jun 2022 | 16.00% | 18.84B | 117.75B |
| Q1 FY2022 | 31 Mar 2022 | 9.62% | 16.25B | 169.04B |
| Q4 FY2021 | 31 Dec 2021 | 11.21% | 18.64B | 166.33B |
| Q3 FY2021 | 30 Sept 2021 | 8.45% | 13.83B | 163.77B |
| Q2 FY2021 | 30 Jun 2021 | 7.38% | 11.98B | 162.30B |
| Q1 FY2021 | 31 Mar 2021 | 7.07% | 11.69B | 165.49B |
| Q4 FY2020 | 31 Dec 2020 | 5.41% | 8.75B | 161.67B |
| Q3 FY2020 | 30 Sept 2020 | 6.32% | 11.10B | 175.55B |
| Q2 FY2020 | 30 Jun 2020 | 6.81% | 11.99B | 175.90B |
| Q1 FY2020 | 31 Mar 2020 | 8.11% | 14.42B | 177.78B |
| Q4 FY2019 | 31 Dec 2019 | 7.55% | 13.90B | 184.22B |
| Q3 FY2019 | 30 Sept 2019 | 8.94% | 16.37B | 183.05B |
| Q2 FY2019 | 30 Jun 2019 | 9.49% | 17.48B | 184.26B |
| Q1 FY2019 | 31 Mar 2019 | 10.21% | 18.90B | 185.11B |
| Q4 FY2018 | 31 Dec 2018 | 10.58% | 19.47B | 184.09B |
| Q3 FY2018 | 30 Sept 2018 | 18.30% | 33.65B | 183.85B |
| Q2 FY2018 | 30 Jun 2018 | 17.41% | 31.86B | 182.98B |
| Q1 FY2018 | 31 Mar 2018 | 21.00% | 30.64B | 145.92B |
| Q4 FY2017 | 31 Dec 2017 | 20.91% | 29.45B | 140.86B |
| Q3 FY2017 | 30 Sept 2017 | 10.28% | 12.85B | 124.96B |
| Q2 FY2017 | 30 Jun 2017 | 10.54% | 13.15B | 124.73B |
| Q1 FY2017 | 31 Mar 2017 | 10.21% | 12.64B | 123.84B |
| Q4 FY2016 | 31 Dec 2016 | 10.54% | 12.98B | 123.14B |
| Q3 FY2016 | 30 Sept 2016 | 11.77% | 14.55B | 123.61B |
| Q2 FY2016 | 30 Jun 2016 | 11.52% | 14.21B | 123.40B |
| Q1 FY2016 | 31 Mar 2016 | 11.33% | 13.99B | 123.43B |
| Q4 FY2015 | 31 Dec 2015 | 10.97% | 13.46B | 122.67B |
| Q3 FY2015 | 28 Oct 2015 | — | — | 121.82B |
| Q2 FY2015 | 30 Jun 2015 | 18.74% | 16.28B | 86.86B |
| Q1 FY2015 | 31 Mar 2015 | 19.37% | 16.75B | 86.50B |
| Q4 FY2014 | 31 Dec 2014 | 19.09% | 17.13B | 89.72B |
| Q3 FY2014 | 30 Sept 2014 | 18.92% | 17.52B | 92.61B |
| Q2 FY2014 | 30 Jun 2014 | 19.58% | 18.04B | 92.13B |
| Q1 FY2014 | 31 Mar 2014 | 20.09% | 18.26B | 90.91B |
| Q4 FY2013 | 31 Dec 2013 | 20.20% | 18.38B | 90.99B |
| Q3 FY2013 | 30 Sept 2013 | 22.17% | 19.01B | 85.72B |
| Q2 FY2013 | 30 Jun 2013 | 21.90% | 18.83B | 85.98B |
| Q1 FY2013 | 31 Mar 2013 | 21.42% | 18.85B | 88.00B |
| Q4 FY2012 | 31 Dec 2012 | 20.20% | 18.66B | 92.36B |
| Q3 FY2012 | 30 Sept 2012 | 15.16% | 15.31B | 100.96B |
| Q2 FY2012 | 30 Jun 2012 | 14.81% | 15.29B | 103.28B |
| Q1 FY2012 | 31 Mar 2012 | 14.35% | 15.05B | 104.90B |
| Q4 FY2011 | 31 Dec 2011 | 14.09% | 14.87B | 105.53B |
| Q3 FY2011 | 30 Sept 2011 | 10.37% | 11.79B | 113.62B |
| Q2 FY2011 | 30 Jun 2011 | 17.40% | 19.80B | 113.80B |
| Q1 FY2011 | 31 Mar 2011 | 17.90% | 20.15B | 112.54B |
| Q4 FY2010 | 31 Dec 2010 | 17.19% | 19.19B | 111.65B |
| Q3 FY2010 | 30 Sept 2010 | 16.18% | 18.28B | 112.99B |
| Q2 FY2010 | 30 Jun 2010 | 9.54% | 9.83B | 103.05B |
| Q1 FY2010 | 31 Mar 2010 | 8.85% | 9.03B | 102.02B |
| Q4 FY2009 | 31 Dec 2009 | 9.55% | 9.70B | 101.56B |
| Q3 FY2009 | 30 Sept 2009 | 11.97% | 11.92B | 99.57B |
| Q2 FY2009 | 30 Jun 2009 | 12.13% | 11.96B | 98.61B |
| Q1 FY2009 | 31 Mar 2009 | 12.88% | 12.53B | 97.29B |
| Q4 FY2008 | 31 Dec 2008 | 13.42% | 12.93B | 96.35B |
| Q3 FY2008 | 30 Sept 2008 | 12.14% | 13.66B | 112.52B |
| Q2 FY2008 | 30 Jun 2008 | 12.05% | 13.49B | 111.94B |
| Q1 FY2008 | 31 Mar 2008 | 11.24% | 12.62B | 112.26B |
| Q4 FY2007 | 31 Dec 2007 | 10.36% | 11.95B | 115.37B |
| Q3 FY2007 | 30 Sept 2007 | 9.67% | 10.75B | 111.17B |
| Q2 FY2007 | 30 Jun 2007 | 8.83% | 9.86B | 111.66B |
| Q1 FY2007 | 31 Mar 2007 | 7.68% | 8.76B | 114.01B |
| Q4 FY2006 | 31 Dec 2006 | 6.37% | 7.36B | 115.54B |
| Q3 FY2006 | 30 Sept 2006 | 12.77% | 7.07B | 55.40B |
| Q2 FY2006 | 30 Jun 2006 | 11.09% | 6.15B | 55.47B |
| Q1 FY2006 | 31 Mar 2006 | 9.70% | 5.35B | 55.09B |
| Q4 FY2005 | 31 Dec 2005 | 8.75% | 4.79B | 54.69B |
| Q3 FY2005 | 30 Sept 2005 | 9.50% | 3.82B | 40.18B |
| Q2 FY2005 | 30 Jun 2005 | 9.28% | 3.76B | 40.49B |
| Q1 FY2005 | 31 Mar 2005 | 9.72% | 3.93B | 40.40B |
| Q4 FY2004 | 31 Dec 2004 | 12.23% | 4.95B | 40.50B |
| Q3 FY2004 | 30 Sept 2004 | 12.84% | 5.16B | 40.21B |
| Q2 FY2004 | 30 Jun 2004 | 13.00% | 5.11B | 39.28B |
| Q1 FY2004 | 31 Mar 2004 | 13.51% | 5.33B | 39.41B |
| Q4 FY2003 | 31 Dec 2003 | 22.01% | 8.42B | 38.25B |
| Q3 FY2003 | 30 Sept 2003 | 25.49% | 9.66B | 37.89B |
| Q2 FY2003 | 30 Jun 2003 | 26.81% | 10.24B | 38.18B |
| Q1 FY2003 | 31 Mar 2003 | 28.25% | 10.63B | 37.64B |
| Q4 FY2002 | 31 Dec 2002 | 16.71% | 5.55B | 33.20B |
| Q3 FY2002 | 30 Sept 2002 | 14.37% | 4.66B | 32.39B |
| Q2 FY2002 | 30 Jun 2002 | 15.82% | 5.02B | 31.73B |
| Q1 FY2002 | 31 Mar 2002 | 17.15% | 5.31B | 30.94B |
| Q4 FY2001 | 31 Dec 2001 | 22.00% | 7.24B | 32.92B |
| Q3 FY2001 | 30 Sept 2001 | 22.43% | 7.29B | 32.51B |
| Q2 FY2001 | 30 Jun 2001 | 26.30% | 8.22B | 31.26B |
| Q1 FY2001 | 31 Mar 2001 | 26.39% | 8.00B | 30.32B |
| Q4 FY2000 | 31 Dec 2000 | 26.15% | 7.97B | 30.46B |
| Q3 FY2000 | 30 Sept 2000 | 37.30% | 11.26B | 30.19B |
| Q2 FY2000 | 30 Jun 2000 | 33.12% | 9.40B | 28.38B |
| Q1 FY2000 | 31 Mar 2000 | 31.23% | 8.72B | 27.93B |
| Q4 FY1999 | 31 Dec 1999 | 29.99% | 8.02B | 26.73B |
| Q3 FY1999 | 30 Sept 1999 | 28.55% | 4.36B | 15.28B |
| Q2 FY1999 | 30 Jun 1999 | 30.80% | 4.44B | 14.40B |
| Q1 FY1999 | 31 Mar 1999 | 31.23% | 4.23B | 13.53B |
| Q4 FY1998 | 31 Dec 1998 | 17.66% | 4.02B | 22.77B |
| Q3 FY1998 | 30 Sept 1998 | 31.85% | 3.67B | 11.53B |
| Q2 FY1998 | 30 Jun 1998 | 30.21% | 3.28B | 10.87B |
| Q1 FY1998 | 31 Mar 1998 | 17.92% | 1.87B | 10.43B |
| Q4 FY1997 | 31 Dec 1997 | 14.01% | 1.47B | 10.52B |
| Q3 FY1997 | 30 Sept 1997 | 14.98% | 1.43B | 9.54B |
| Q2 FY1997 | 30 Jun 1997 | 13.33% | 1.21B | 9.05B |
| Q1 FY1997 | 31 Mar 1997 | 30.16% | 2.15B | 7.14B |
| Q4 FY1996 | 31 Dec 1996 | 21.79% | 2.10B | 9.64B |
| Q3 FY1996 | 30 Sept 1996 | 30.36% | 2.08B | 6.84B |
| Q2 FY1996 | 30 Jun 1996 | -11.99% | -802.20M | 6.69B |
| Q1 FY1996 | 31 Mar 1996 | -13.37% | -861.20M | 6.44B |
| Q4 FY1995 | 31 Dec 1995 | -14.87% | -930.00M | 6.26B |
| Q3 FY1995 | 30 Sept 1995 | -16.66% | -1.02B | 6.14B |
| Q2 FY1995 | 30 Jun 1995 | 20.16% | 1.74B | 8.64B |
| Q1 FY1995 | 31 Mar 1995 | 20.34% | 1.69B | 8.29B |
| Q4 FY1994 | 31 Dec 1994 | 19.73% | 1.65B | 8.36B |
| Q3 FY1994 | 30 Sept 1994 | 20.01% | 1.61B | 8.05B |
| Q2 FY1994 | 30 Jun 1994 | 19.61% | 1.54B | 7.84B |
| Q1 FY1994 | 31 Mar 1994 | 19.04% | 1.49B | 7.83B |
| Q4 FY1993 | 31 Dec 1993 | 18.96% | 1.44B | 7.57B |
| Q3 FY1993 | 30 Sept 1993 | 18.92% | 1.40B | 7.39B |
| Q2 FY1993 | 30 Jun 1993 | 19.07% | 1.38B | 7.22B |
| Q1 FY1993 | 31 Mar 1993 | 18.70% | 1.34B | 7.18B |
| Q4 FY1992 | 31 Dec 1992 | 13.99% | 1.30B | 9.30B |
| Q3 FY1992 | 30 Sept 1992 | 13.82% | 1.27B | 9.17B |
| Q2 FY1992 | 30 Jun 1992 | 13.83% | 1.25B | 9.01B |
| Q1 FY1992 | 31 Mar 1992 | 13.38% | 1.19B | 8.92B |
| Q4 FY1991 | 31 Dec 1991 | 13.05% | 1.16B | 8.86B |
| Q3 FY1991 | 30 Sept 1991 | 12.66% | 1.11B | 8.75B |
| Q2 FY1991 | 30 Jun 1991 | 12.45% | 1.07B | 8.58B |
| Q1 FY1991 | 31 Mar 1991 | 12.51% | 1.08B | 8.62B |
| Q4 FY1990 | 31 Dec 1990 | 12.84% | 1.10B | 8.58B |
| Q3 FY1990 | 30 Sept 1990 | 13.24% | 1.13B | 8.54B |
| Q2 FY1990 | 30 Jun 1990 | 13.09% | 1.10B | 8.42B |
| Q1 FY1990 | 31 Mar 1990 | 13.16% | 1.10B | 8.37B |
| Q4 FY1989 | 31 Dec 1989 | 13.06% | 1.09B | 8.37B |
| Q3 FY1989 | 30 Sept 1989 | 12.75% | 1.05B | 8.27B |
| Q2 FY1989 | 30 Jun 1989 | 13.24% | 1.08B | 8.17B |
| Q1 FY1989 | 31 Mar 1989 | — | 1.03B | — |
| Q4 FY1988 | 31 Dec 1988 | 14.28% | 1.01B | 7.09B |
| Q3 FY1988 | 30 Sept 1988 | — | 1.00B | — |
| Q2 FY1988 | 30 Jun 1988 | — | 992.20M | — |
| Q1 FY1988 | 31 Mar 1988 | — | 1.03B | — |
| Q4 FY1987 | 31 Dec 1987 | 12.78% | 1.05B | 8.19B |
| Q3 FY1987 | 30 Sept 1987 | — | 1.08B | — |
| Q2 FY1987 | 30 Jun 1987 | — | 1.03B | — |
| Q1 FY1987 | 31 Mar 1987 | — | 1.03B | — |
| Q4 FY1986 | 31 Dec 1986 | 13.08% | 1.02B | 7.82B |
| Q3 FY1986 | 30 Sept 1986 | — | 971.90M | — |
| Q2 FY1986 | 30 Jun 1986 | — | 958.70M | — |
| Q1 FY1986 | 31 Mar 1986 | — | — | — |
| Q4 FY1985 | 31 Dec 1985 | — | — | 7.40B |
| Q3 FY1985 | 30 Sept 1985 | — | — | — |
Figures in USD. A quarter's revenue, net income and dividends are those of its last four quarters.
See also:P/E ratio,Market cap,P/S ratio,Dividend yield,Debt to equity,Current ratio,All ratios
Common questions about AT&T's ROE
Source: Financial Modeling Prep