What is AT&T's operating income?

AT&T (T) reported operating income of $6.66B in Q1 2026.

How has AT&T's operating income changed year-over-year?

AT&T's operating income increased by 15.7% year-over-year, from $5.75B to $6.66B.

What is the long-term trend for AT&T's operating income?

Over 4 years (2021 to 2025), AT&T's operating income has grown at a -1.7% compound annual growth rate (CAGR), from $25.9B to $24.16B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

AT&T T Operating Income

Operating Income at other companies

Lumen TechnologiesLUMN

$602M+463%

Motorola Solutions, Inc.MSI

$525M-9.8%

Digital TurbineAPPS

$10.52M+190%

Shenandoah TelecomSHEN

-$10.47M-71.8%

Verizon CommunicationsVZ

$8.24B+3.3%

SBA CommunicationsSBAC

$342.85M+2.4%

Segments

By segment

See full

Advanced Connectivity$6.85B—

Corporate & Other-$827M+35.4%

Legacy$612M—

Latin America$20M—

Other financials

Income statement

See full

Revenue$31.5B+2.9%

Net income$3.8B-12.0%

EPS (diluted)$0.54-11.5%

Balance sheet

See full

Cash & equivalents$12.0B+73.8%

Total debt$157.31B+9.6%

Total assets$421.19B+6.0%

Cash flow

See full

Operating cash flow$7.6B-16.1%

CapEx$4.9B+14.0%

Free cash flow$2.7B-43.0%

Valuation

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Market cap$155.78B-22.0%

Enterprise value$301.13B-10.5%

P/E7.3×-9.6×

P/S1.2×-0.4×

Profitability

See full

Gross margin93%—

Operating margin19.8%+4.4pp

Net margin16.9%+7.3pp

FCF margin13.7%-2.1pp

Returns & leverage

See full

Current ratio0.9×+0.2×

Where this comes from

Reported directly by AT&T in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: AT&T’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AT&T's operating income?: AT&T (T) reported operating income of $6.66B in Q1 2026.
How has AT&T's operating income changed year-over-year?: AT&T's operating income increased by 15.7% year-over-year, from $5.75B to $6.66B.
What is the long-term trend for AT&T's operating income?: Over 4 years (2021 to 2025), AT&T's operating income has grown at a -1.7% compound annual growth rate (CAGR), from $25.9B to $24.16B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.