Income StatementBalance SheetCash FlowSegments
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AT&T Business Segments

Business, geographic, and product segment breakdowns

AT&T generates $126.53B in annual revenue across 4 key segments: Asia/Pacific Rim ($395.0M), Europe ($382.0M), Latin America ($110.0M), and Other ($114.0M). The company-wide operating margin is 19.81%. Based on the Q1 2026 filing.

Asia/Pacific Rim (TTM)$395.0MEurope (TTM)$382.0MLatin America (TTM)$110.0MOther (TTM)$114.0M
Latest FilingQ1 2026
Report Date2026-04-27
Market Cap$175.52B
P/E Ratio8.19

Products & Services

Total operating revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Advanced home internet—$2.2B———$2.8B
Other service—$2.6B———$2.0B
Business fiber and advanced connectivity—$1.8B———$1.9B
Business transitional and other—$1.3B———$1.1B

Equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Equipment$7.4B$5.7B$5.7B$5.5B$8.5B$6.3B

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wireless service$17.2B$17.3B$17.5B$17.6B$17.7B$17.7B

Vendor Finance Program, Obligation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wireless Licenses$850.0M———$1.2B—

Geographic

Property, Plant and Equipment – Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia/Pacific Rim$82.0M———$68.0M—
Europe$139.0M———$126.0M—
Latin America$60.0M———$54.0M—
Other$36.0M———$33.0M—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia/Pacific Rim$115.5M$98.8M$98.8M$98.8M$98.8M—
Europe$110.3M$95.5M$95.5M$95.5M$95.5M—
Latin America$37.3M$27.5M$27.5M$27.5M$27.5M—
Other$29.0M$28.5M$28.5M$28.5M$28.5M—

Equity Securities, FV-NI, Current

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International equities$8.0M$8.0M$9.0M$8.0M$8.0M$8.0M

Business Segments

Asset impairments and abandonments and restructuring

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Advanced Connectivity—$0.0———$0.0
Corporate & Other—$504.0M———$0.0
Latin America—$0.0———$0.0
Legacy—$0.0———$0.0

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Advanced Connectivity—$5.0B———$4.7B
Latin America—$150.0M———$200.0M
Corporate & Other$110.0M$67.0M$61.0M$64.0M$64.0M$61.0M
Legacy—$0.0———$0.0

Operating expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Advanced Connectivity—$21.2B———$21.6B
Legacy—$1.3B———$1.2B
Latin America—$928.0M———$1.2B
Corporate & Other—$1.4B———$921.0M

Operating Income (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Advanced Connectivity—$6.0B———$6.9B
Corporate & Other-$884.0M-$1.3B-$610.0M-$999.0M-$1.0B-$827.0M
Legacy—$1.0B———$612.0M
Latin America—$43.0M———$20.0M

Operations and support expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Advanced Connectivity—$16.2B———$16.9B
Legacy—$1.3B———$1.2B
Latin America—$778.0M———$953.0M

Total operating revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Advanced Connectivity—$27.2B———$28.5B
Legacy—$2.4B———$1.8B
Latin America—$971.0M———$1.2B

Transaction, legal and other costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate & Other—$79.0M———$146.0M
Advanced Connectivity—$0.0———$0.0
Latin America—$0.0———$0.0
Legacy—$0.0———$0.0

Dispositions and other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Communications—-$1.8M-$1.8M-$1.8M-$1.8M—

Goodwill, Gross

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Communications$91.8B———$91.8B—

Goodwill, Impaired, Accumulated Impairment Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Communications$28.4B———$28.4B—

Goodwill – Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Communications$63.4B———$63.4B—

Number of employees under contracts where union may call a work stoppage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Communications2250.002250.002250.002250.002250.00—

Number of reporting units

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Communications0.750.750.750.750.75—

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Legacy—————$0.0

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate & Other$115.0M$95.0M$94.0M$98.0M$86.0M$94.0M

Segment Reporting Information Operations And Support Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate & Other$889.0M$725.0M$643.0M$1.0B$1.0B$714.0M