Operating Lease Liabilities

Non-Current Liabilities

AT&T Operating Lease Liabilities decreased by 0.4% to $18.94B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.9%, from $17.39B to $18.94B. Over 5 years (FY 2020 to FY 2025), Operating Lease Liabilities shows a downward trend with a -3.1% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ4 2018
Last reportedQ4 2025

How to read this metric

An increase reflects an expansion of the company's physical footprint or data center capacity, while a decrease shows the aging of existing lease terms.

Detailed definition

The long-term portion of future payment obligations for leased assets, such as office spaces and data center facilities,...

Peer comparison

Significant for cloud providers who lease substantial data center space rather than owning all physical real estate.

Metric ID: operating_lease_liabilities_non_current

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$21.64B$21.51B$21.26B$20.92B$18.75B$18.74B$18.66B$18.41B$18.31B$17.73B$17.57B$17.29B$17.17B$17.33B$17.39B$17.43B$17.76B$19.03B$18.94B
QoQ Change-0.6%-1.2%-1.6%-10.4%-0.0%-0.4%-1.3%-0.6%-3.2%-0.9%-1.6%-0.7%+0.9%+0.3%+0.2%+1.9%+7.1%-0.4%
YoY Change-13.3%-12.9%-12.2%-12.0%-2.3%-5.4%-5.8%-6.1%-6.2%-2.3%-1.0%+0.8%+3.4%+9.8%+8.9%
Range$17.17B$21.64B
CAGR-2.9%
Avg YoY Growth-3.8%
Median YoY Growth-5.4%

Frequently Asked Questions

What is AT&T's operating lease liabilities?
AT&T (T) reported operating lease liabilities of $18.94B in Q4 2025.
How has AT&T's operating lease liabilities changed year-over-year?
AT&T's operating lease liabilities increased by 8.9% year-over-year, from $17.39B to $18.94B.
What is the long-term trend for AT&T's operating lease liabilities?
Over 5 years (2020 to 2025), AT&T's operating lease liabilities has grown at a -3.1% compound annual growth rate (CAGR), from $22.20B to $18.94B.
What does operating lease liabilities mean?
The long-term debt-like obligation for renting facilities and equipment.

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