What is AT&T's retained earnings?

AT&T (T) reported retained earnings of $20.29B in Q2 2026.

How has AT&T's retained earnings changed year-over-year?

AT&T's retained earnings increased by 203.8% year-over-year, from $6.68B to $20.29B.

What is the long-term trend for AT&T's retained earnings?

Over 5 years (2020 to 2025), AT&T's retained earnings has grown at a -15.9% compound annual growth rate (CAGR), from $37.46B to $15.77B.

What does retained earnings mean?

Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

AT&T T Retained Earnings

Retained Earnings at other companies

Lumen TechnologiesLUMN

-$19.9B-9.6%

Dycom IndustriesDY

$1.56B+25.0%

Motorola Solutions, Inc.MSI

$2.6B+16.8%

Digital TurbineAPPS

-$725.17M-5.5%

Shenandoah TelecomSHEN

$696.94M-6.8%

Verizon CommunicationsVZ

$97.73B+4.8%

Other financials

Income statement

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Revenue$31.6B+2.3%

Operating income$7.0B+8.3%

Net income$4.6B+2.8%

EPS (diluted)$0.66+6.5%

Balance sheet

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Cash & equivalents$17.6B+67.3%

Total debt$162.89B+8.5%

Total assets$428.36B+5.6%

Cash flow

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Operating cash flow$10.8B+10.6%

CapEx$5.7B+16.4%

Free cash flow$5.1B+4.8%

Valuation

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Market cap$168.98B-16.6%

Enterprise value$314.3B-8.0%

P/E7.8×-8.0×

P/S1.3×-0.3×

Profitability

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Gross margin93%—

Operating margin20.1%+4.2pp

Net margin16.9%+6.7pp

FCF margin13.9%-2.0pp

Returns & leverage

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Current ratio1×+0.2×

Where this comes from

Reported directly by AT&T in its filing.

Tagged under the XBRL concept us-gaap:RetainedEarningsAccumulatedDeficit.

The official record: AT&T’s 10-Q, filed July 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AT&T's retained earnings?: AT&T (T) reported retained earnings of $20.29B in Q2 2026.
How has AT&T's retained earnings changed year-over-year?: AT&T's retained earnings increased by 203.8% year-over-year, from $6.68B to $20.29B.
What is the long-term trend for AT&T's retained earnings?: Over 5 years (2020 to 2025), AT&T's retained earnings has grown at a -15.9% compound annual growth rate (CAGR), from $37.46B to $15.77B.
What does retained earnings mean?: Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.