AT&T Total Operating Expenses increased by 12.6% to $27.68B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 2.6%, from $26.97B to $27.68B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows a downward trend with a -8.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
is_total_operating_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $40.78B | $32.81B | $35.65B | $32.46B | $24.69B | $24.03B | $44.15B | $24.14B | $23.51B | $24.57B | $26.75B | $24.18B | $24.04B | $28.10B | $26.97B | $24.87B | $24.35B | $24.59B | $27.68B |
| QoQ Change | — | -19.5% | +8.6% | -8.9% | -24.0% | -2.7% | +83.7% | -45.3% | -2.6% | +4.5% | +8.9% | -9.6% | -0.6% | +16.9% | -4.0% | -7.8% | -2.1% | +1.0% | +12.6% |
| YoY Change | — | — | — | — | -39.5% | -26.8% | +23.8% | -25.6% | -4.8% | +2.2% | -39.4% | +0.2% | +2.2% | +14.4% | +0.8% | +2.9% | +1.3% | -12.5% | +2.6% |
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