AT&T (T) reported SG&A of $7.32B in Q1 2026.

How has AT&T's SG&A changed year-over-year?

AT&T's SG&A increased by 2.4% year-over-year, from $7.15B to $7.32B.

What is the long-term trend for AT&T's SG&A?

Over 4 years (2021 to 2025), AT&T's SG&A has grown at a -2.0% compound annual growth rate (CAGR), from $31.43B to $28.94B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

AT&T T SG&A

SG&A at other companies

Lumen TechnologiesLUMN

$794M+17.6%

Motorola Solutions, Inc.MSI

$439M+0.7%

Shenandoah TelecomSHEN

$33.39M+7.7%

Verizon CommunicationsVZ

$7.63B-3.1%

SBA CommunicationsSBAC

$70.55M+6.5%

Crown CastleCCI

$90M-3.2%

Other financials

Income statement

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Revenue$31.5B+2.9%

Operating income$6.7B+15.7%

Net income$3.8B-12.0%

EPS (diluted)$0.54-11.5%

Balance sheet

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Cash & equivalents$12.0B+73.8%

Total debt$157.31B+9.6%

Total assets$421.19B+6.0%

Cash flow

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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$143.83B-28.4%

Enterprise value$289.18B-15.1%

P/E6.7×-9.0×

P/S1.1×-0.5×

Profitability

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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:SellingGeneralAndAdministrativeExpense.

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 SG&A?: AT&T (T) reported SG&A of $7.32B in Q1 2026.
How has AT&T's SG&A changed year-over-year?: AT&T's SG&A increased by 2.4% year-over-year, from $7.15B to $7.32B.
What is the long-term trend for AT&T's SG&A?: Over 4 years (2021 to 2025), AT&T's SG&A has grown at a -2.0% compound annual growth rate (CAGR), from $31.43B to $28.94B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.