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T.NYSE
AT&T
Communication Services · Integrated Telecommunication Services

large telecommunications company providing mobile and broadband services, connecting people and businesses with advanced networking technology.

HQ: United StatesListed: United States

Profile & Fundamentals

AT&T: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.

Profile & Fundamentals

AT&T Profile & Fundamentals

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Profile & Fundamentals contents

Company and Market Context

Company Profile & Ownership

AT&T Inc. provides telecommunications and technology services worldwide. It operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores. It also provides AT&T Dedicated Internet, fiber ethernet and broadband, fixed wireless, and hosted and managed professional services; and copper-based voice and data, Virtual Private Networks (VPN), wholesale, outsourcing, and IP, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband services, including fiber connections, legacy telephony voice communication services, and other VoIP services and equipment to residential customers. This segment markets its communications services and products under the AT&T, AT&T Business, Cricket, AT&T PREPAID, AT&T Fiber, and AT&T Internet Air brand names. Its Latin America segment provides postpaid and prepaid wireless services in Mexico under the AT&T and Unefon brand names, as well as sells smartphones through its stores, agents and third-party retail stores. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is based in Dallas, Texas.

T.NYSE

Company profile record

AT&T Inc.

Common Stock · Communication Services · Integrated Telecommunication Services

Official website

Company

Company / asset
AT&T Inc.
Security type
Common Stock
Sector
Communication Services
Industry
Integrated Telecommunication Services
HQ
🇺🇸 United States
Head office
208 South Akard Street, Dallas, TX, United States, 75202

Leadership & scale

Chief executive
Mr. John T. Stankey
CEO year born
1963
Full-time employees
133K
Fiscal year end
December
IPO date
1984-07-19

Fundamentals snapshot

Updated 2026-09-27
Market Cap
USD 169.7B
P/E
7.9x
Revenue (Q2 26)
USD 31.6B
Profit (Q2 26)
USD 4.6B
Dividend Yield
5.6%
Revenue (FY 25)
USD 125.6B
Shares in public float
6.8B
Insider ownership
0.09%

Reporting & identifiers

Symbol
T.NYSE
Listing
🇺🇸 United States | Dividend Tax: 30%
Ticker Currency
USD
Income Statement Currency
USD
Balance Sheet Currency
USD
Cash Flow Currency
USD
EPS Currency
USD
Contract Type
SPOT
ISIN
US00206R1023
Asset ID
equity_7ef22304-346b-5d5b-abea-92d0948ebc01

Ownership

Shares Outstanding

Latest: 6.9B | Max: 7.5B | Min: 6.2B

Shares Outstanding
9.5B7.1B4.7B2.4B0.00
6.9B
'17
'19
'21
'23
'25
'26

Latest reported ownership snapshot

As of Oct 1, 2026

Float Shares

98.44%

6.8B latest reported shares

Insider Ownership

0.09%

Latest reported insider stake

Short Float

0.02%

Latest reported short interest / float

Top Holders

Top 5 concentration: 25.35%
BlackRock Inc
institution
Filed 2026-03-31 • Change -8.9M (-1.56%)
8.19%(561.0M shares)
Vanguard Capital Management, LLC
institution
Filed 2026-03-31 • Change +454.8M (0.00%)
6.64%(454.8M shares)
State Street Corp
institution
Filed 2026-03-31 • Change -16.3M (-4.90%)
4.61%(315.8M shares)
Vanguard MStar Total Stk Mkt Idx Invest
fund
Filed 2026-08-31 • Change -430.3K (-0.19%)
3.22%(220.8M shares)
Vanguard 500 Index Investor
fund
Filed 2026-08-31 • Change +2.2M (+1.20%)
2.69%(184.6M shares)
Newport Trust Co.
institution
Filed 2026-06-30 • Change -745.3K (-0.42%)
2.61%(178.7M shares)
Geode Capital Management, LLC
institution
Filed 2026-03-31 • Change +4.0M (+2.35%)
2.55%(175.0M shares)
Source tablesView ownership tables

Shares Outstanding

Annual reported shares outstanding; up to 10 reporting dates.

Scroll the table to see every column.

Shares outstanding — reported values
Reporting dateShares outstanding
2017-01-016,182,000,000
2018-01-017,328,000,000
2019-01-017,341,000,000
2020-01-017,176,000,000
2021-01-017,204,000,000
2022-01-017,533,000,000
2023-01-017,191,000,000
2024-01-017,206,000,000
2025-01-017,179,000,000
2026-01-016,946,000,000

Top Holders

Available reported ownership records.

Scroll the table to see every column.

Largest reported holders
HolderSharesOwnershipReported date
BlackRock Inc560,997,6518.19%2026-03-31
Vanguard Capital Management, LLC454,765,5286.64%2026-03-31
State Street Corp315,804,9344.61%2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest220,820,2323.22%2026-08-31
Vanguard 500 Index Investor184,576,7692.69%2026-08-31
Newport Trust Co.178,729,5952.61%2026-06-30
Geode Capital Management, LLC175,017,1512.55%2026-03-31
Vanguard Portfolio Management, LLC133,554,7641.95%2026-03-31
Bank of America Corp125,191,7001.83%2026-03-31
JPMorgan Chase & Co118,227,4501.73%2026-03-31
Morgan Stanley - Brokerage Accounts105,195,0191.54%2026-03-31
iShares Core S&P 500 ETF92,527,4671.35%2026-08-31
Fidelity 500 Index89,849,2761.31%2026-07-31
State Street® SPDR® S&P 500® ETF85,154,6991.24%2026-08-31
NORGES BANK79,271,8701.16%2026-06-30

Earnings, Profitability & Valuation

Earnings, Profitability & Valuation

Earnings & Revenue

Earnings and Revenue Trajectory

AI Review

The company's earnings trajectory demonstrates steady operational recovery following the complete separation from entertainment assets. Consolidated revenue reached $127 billion over the trailing twelve months, supported by consistent gains in high-speed fiber broadband and mobile service billing. However, reported net income of $21.5 billion was inflated by non-recurring disposal gains and accounting adjustments. The true underlying reality is found in cash generation: normalized annual free cash flow sits comfortably near $17.65 billion, providing genuine cash to service obligations and return capital to shareholders.

Revenue, Net Income, and Free Cash Flow

Latest: USD 125.6B | Max: USD 181.2B | Min: USD -8.5B

RevenueFree Cash FlowNet Income
USD 230.5BUSD 165.1BUSD 99.6BUSD 34.2BUSD 0.00USD -31.3B
125.6B
19.4B
21.9B
'16
'18
'20
'22
'24
'25

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: 8x

16x12x8x4x0x
8x
'21'24'25

Profitability & Margins

Margins and Operating Efficiency

AI Review

Operating profitability has shown steady structural expansion, with adjusted EBITDA margins climbing toward forty percent. This improvement stems from a more profitable customer mix: fast-growing fiber subscriptions and premium unlimited mobile plans generate higher monthly revenues while costing less to maintain. Simultaneously, shutting down obsolete copper networks and automating customer service removes chronic operational waste. Although aggressive promotional discounting in the mobile sector limits rapid price hikes, structural efficiency gains from modern network architecture ensure core profit margins remain well defended against broader inflationary pressures.

Profitability Margins

Latest: 59.6% | Max: 59.6% | Min: -7.1%

Gross MarginOperating MarginNet Margin
76.9%53.9%30.9%7.9%0.0%-15.1%
59.6%
19.9%
17.4%
'16
'18
'20
'22
'24
'25

Latest Profitability Ratios as of 2025-12-31

Gross Margin

59.6%

Gross profit / revenue

Operating Margin

19.9%

Operating income / revenue

Net Margin

17.4%

Net income / revenue

FCF Margin

15.5%

Free cash flow / revenue

Source tablesView earnings, profitability & valuation tables

Revenue, Net Income, and Free Cash Flow

Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.

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Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2016-12-31163,786,000,00012,976,000,00017,828,000,000
2017-12-31160,546,000,00029,450,000,00017,363,000,000
2018-12-31170,756,000,00019,370,000,00022,844,000,000
2019-12-31181,193,000,00013,903,000,00029,233,000,000
2020-12-31171,760,000,000-5,176,000,00027,455,000,000
2021-12-31134,038,000,00020,081,000,00025,430,000,000
2022-12-31120,741,000,000-8,524,000,00012,397,000,000
2023-12-31122,428,000,00014,400,000,00020,461,000,000
2024-12-31122,336,000,00010,948,000,00018,508,000,000
2025-12-31125,648,000,00021,889,000,00019,442,000,000

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

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Published valuation snapshots
Period endP/E (times earnings)Earnings basis
2025-12-318.15Trailing four quarters
2024-12-3114.99Trailing four quarters
2023-12-318.38Trailing four quarters
2021-12-318.83Annual net income

Profitability Margins

Matching annual reporting dates. Values are percentages.

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Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2016-12-3137.2815.87.9210.88
2017-12-3136.3414.6418.3410.81
2018-12-3136.8715.9811.3413.38
2019-12-3138.0316.767.6716.13
2020-12-3136.8714.97-3.0115.98
2021-12-3154.9319.3214.9818.97
2022-12-3157.89-3.8-7.0610.27
2023-12-3143.7220.2311.7616.71
2024-12-3142.9419.838.9515.13
2025-12-3159.5519.917.4215.47

Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.

Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.

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