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AT&T T Legacy — Operating Expenses

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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$159.32B-19.5%
Enterprise value$304.64B-9.7%
P/E7.4×-8.1×
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 ratio+0.2×

Where this comes from

Reported directly by AT&T in its filing.

Tagged under the XBRL concept us-gaap:CostsAndExpenses.

The source filing: AT&T’s 10-Q, filed July 22, 2026.

Filed
Jul 22, 2026, 4:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000732717-26-000297
For the three months ended June 30, 2026For the three months ended June 30, 2026 / Advanced ConnectivityFor the three months ended June 30, 2026 / LegacyFor the three months ended June 30, 2026 / Latin AmericaFor the three months ended June 30, 2026 / Total SegmentCorporate & OtherAT&T Inc.
Operations and support expenses16,5831,10999718,68943019,119
Asset impairments and abandonments and restructuring286286
Transaction, legal and other costs149149
Depreciation and amortization4,6871894,876904,966
Operating Expenses21,2701,1091,18623,56595524,520
Operating Income (Loss)$7,345$523$38$7,906$(868)$7,038
Total other income (expense)(1,216)
Income from continuing operations before income tax$5,822

Item 1. Financial Statements

FAQ

What is AT&T's legacy — operating expenses?
AT&T (T) reported legacy — operating expenses of $1.11B in Q2 2026.
What does legacy — operating expenses mean?
This is the aggregate of all operating costs incurred by the legacy segment, including support, maintenance, depreciation, and restructuring charges. It represents the total cost burden of maintaining the copper-based network business. Investors use this to calculate the segment's operating margin and overall cost efficiency.

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