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T-Mobile US TMUS Wholesale and other service revenues — Total revenues

Other product segments

Postpaid revenues
$15.85B+12.6%
Equipment revenues
$3.52B+2.5%
Prepaid revenues
$2.47B-6.4%

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Other financials

Income statement

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Revenue$22.8B+7.9%
Operating income$5.5B+5.3%
Net income$3.2B+0.5%
EPS (diluted)$2.99+5.3%

Balance sheet

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Cash & equivalents$3.2B-70.0%
Total debt$37.5B-0.7%
Total equity$56.3B-7.9%
Total assets$213.55B+0.4%

Cash flow

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Operating cash flow$7.5B+7.3%
CapEx$2.7B+12.8%
Free cash flow$4.8B+4.4%

Valuation

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Market cap$186.07B-30.9%
Enterprise value$220.36B-25.6%
P/E17.6×-4.4×
P/S-1.2×

Profitability

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Gross margin72%
Operating margin19.8%-3.3pp
Net margin11.5%-3.1pp
FCF margin20%+0.3pp

Returns & leverage

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Return on equity18%-1.7pp
Debt / equity0.7×0.0×
Current ratio0.9×-0.3×

Where this comes from

Reported directly by T-Mobile US in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: T-Mobile US’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 6:32 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001283699-26-000101
(in millions, except share and per share amounts)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total service revenues18,98317,43837,81434,363
Equipment revenues3,5243,4397,5207,143
Other revenues284255564512
Total revenues22,79121,13245,89842,018
Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below2,9782,7176,3175,319
Cost of equipment sales, exclusive of depreciation and amortization shown separately below5,0554,65910,5439,457
Selling, general and administrative5,8345,39711,80010,885

Item 1. Financial Statements

FAQ

What is T-Mobile US's wholesale and other service revenues — total revenues?
T-Mobile US (TMUS) reported wholesale and other service revenues — total revenues of $657M in Q2 2026.
How has T-Mobile US's wholesale and other service revenues — total revenues changed year-over-year?
T-Mobile US's wholesale and other service revenues — total revenues decreased by 8.4% year-over-year, from $717M to $657M.
What is the long-term trend for T-Mobile US's wholesale and other service revenues — total revenues?
Over 4 years (2021 to 2025), T-Mobile US's wholesale and other service revenues — total revenues has grown at a -17.0% compound annual growth rate (CAGR), from $6.07B to $2.88B.
What does wholesale and other service revenues — total revenues mean?
This metric represents the portion of total service revenue generated from wholesale arrangements, including mobile virtual network operator (MVNO) agreements, roaming services provided to other carriers, and other non-retail service offerings. It reflects the company's ability to monetize its network infrastructure by leasing capacity or providing connectivity services to third-party entities. This revenue stream is distinct from direct-to-consumer retail subscriptions and serves as a secondary channel for network utilization.

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