T-Mobile US, Inc. (TMUS) financial statements: income statement, balance sheet and cash flow
T-Mobile US, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), T-Mobile US, Inc. reported revenue of $88.3B (+8.5% year on year) and net income of $11.0B (-3.1% year on year).
Income statement
T-Mobile US, Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenues
$88.3B
$81.4B
$78.6B
$79.6B
Cost of services, exclusive of depreciation and amortization shown separately below
$32.8B
$29.7B
$30.2B
$36.2B
Selling, general and administrative
$23.5B
$20.8B
$21.3B
$21.6B
Gain on disposal group held for sale
$0
$0
($25.0M)
$1.1B
Impairment expense
$278.0M
$0
$0
$477.0M
Depreciation and amortization
$13.5B
$12.9B
$12.8B
$13.7B
Total operating expenses
$70.0B
$63.4B
$64.3B
$73.0B
Operating income
$18.3B
$18.0B
$14.3B
$6.5B
Interest expense, net
($3.8B)
($3.4B)
($3.3B)
($3.4B)
Other (expense) income, net
($224.0M)
$113.0M
$68.0M
($33.0M)
Total other expense, net
($4.0B)
($3.3B)
($3.3B)
($3.4B)
Income before income taxes
$14.3B
$14.7B
$11.0B
$3.1B
Income tax expense
($3.3B)
($3.4B)
($2.7B)
($556.0M)
Net income
$11.0B
$11.3B
$8.3B
$2.6B
Reclassification of loss from cash flow hedges, net of tax effect of $65, $60 and $56
$190.0M
$176.0M
$163.0M
$151.0M
(Losses) gains on fair value hedges, net of tax effect of $(64), $5 and $0
($187.0M)
$16.0M
—
—
Unrealized (loss) gain on foreign currency translation adjustment, net of tax effect of $0, $0 and $0
($1.0M)
$0
$9.0M
($9.0M)
Actuarial gain (loss), net of amortization and reclassification, on pension and other postretirement benefits, net of tax effect of $2, $(29) and $(31)
$7.0M
($85.0M)
($90.0M)
—
Other comprehensive income
$9.0M
$107.0M
$82.0M
$319.0M
Total comprehensive income
$11.0B
$11.4B
$8.4B
$2.9B
Basic (in USD per share)
$9.75
$9.70
$7.02
$2.07
Diluted (in USD per share)
$9.72
$9.66
$6.93
$2.06
Basic (in shares)
1.1B
1.2B
1.2B
1.2B
Diluted (in shares)
1.1B
1.2B
1.2B
1.3B
T-Mobile US, Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenues
$22.8B
$23.1B
$22.0B
$21.1B
Cost of services, exclusive of depreciation and amortization shown separately below
$8.0B
$8.8B
$7.7B
$7.4B
Selling, general and administrative
$5.8B
$6.0B
$6.0B
$5.4B
Depreciation and amortization
$3.4B
$3.8B
$3.4B
$3.1B
Total operating expenses
$17.3B
$18.6B
$17.4B
$15.9B
Operating income
$5.5B
$4.5B
$4.5B
$5.2B
Interest expense, net
($1.1B)
($1.0B)
$924.0M
$922.0M
Other expense, net
($107.0M)
($132.0M)
($78.0M)
($11.0M)
Total other expense, net
($1.2B)
($1.2B)
($1.0B)
($933.0M)
Income before income taxes
$4.3B
$3.3B
$3.5B
$4.3B
Income tax expense
($1.1B)
($830.0M)
($814.0M)
($1.1B)
Net income
$3.2B
$2.5B
$2.7B
$3.2B
Reclassification of loss from cash flow hedges, net of tax effect of $17, $16, $34 and $32
$50.0M
$50.0M
$48.0M
$47.0M
Gains (losses) on fair value hedges, net of tax effect of $48, $13, $36 and $(48)
$142.0M
($36.0M)
($20.0M)
$37.0M
Unrealized gain (loss) on foreign currency translation adjustment, net of tax effect of $0, $0, $0 and $0
$9.0M
—
$0
($1.0M)
Amortization of actuarial gain, net of tax effect of $(1), $(1), $(1) and $(1)
($1.0M)
($1.0M)
($1.0M)
($2.0M)
Other comprehensive income (loss)
$200.0M
$13.0M
$27.0M
$81.0M
Total comprehensive income
$3.4B
$2.5B
$2.7B
$3.3B
Basic (in USD per share)
$2.99
$2.28
$2.42
$2.84
Diluted (in USD per share)
$2.99
$2.27
$2.41
$2.84
Basic (in shares)
1.1B
1.1B
1.1B
1.1B
Diluted (in shares)
1.1B
1.1B
1.1B
1.1B
Balance sheet
T-Mobile US, Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$5.6B
$5.4B
$5.1B
$4.5B
Accounts receivable, net of allowance for credit losses of $226 and $176
$4.9B
$4.3B
$4.7B
$4.4B
Equipment installment plan receivables, net of allowance for credit losses and imputed discount of $733 and $656
$5.0B
$4.4B
$4.5B
$5.1B
Inventory
$2.4B
$1.6B
$1.7B
$1.9B
Prepaid expenses
$1.2B
$880.0M
$702.0M
$673.0M
Other current assets
$5.4B
$1.9B
$2.4B
$2.4B
Total current assets
$24.5B
$18.4B
$19.0B
$19.1B
Property and equipment, net
$38.3B
$38.5B
$40.4B
$42.1B
Operating lease right-of-use assets
$25.7B
$25.4B
$27.1B
$28.7B
Financing lease right-of-use assets
$2.8B
$3.1B
$3.3B
$3.3B
Goodwill
$13.7B
$13.0B
$12.2B
$12.2B
Spectrum licenses
$98.0B
$100.6B
$96.7B
$95.8B
Other intangible assets, net
$3.8B
$2.5B
$2.6B
$3.5B
Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount of $213 and $158
$2.7B
$2.2B
$2.0B
$2.5B
Other assets
$9.8B
$4.3B
$4.2B
$4.1B
Total assets
$219.2B
$208.0B
$207.7B
$211.3B
Accounts payable and accrued liabilities
$10.3B
$8.5B
$10.4B
$12.3B
Short-term debt
$5.1B
$4.1B
$3.6B
$5.2B
Deferred revenue
$1.5B
$1.2B
$825.0M
$780.0M
Short-term operating lease liabilities
$3.8B
$3.3B
$3.6B
$3.5B
Short-term financing lease liabilities
$1.2B
$1.2B
$1.3B
$1.2B
Other current liabilities
$2.6B
$2.0B
$1.3B
$1.9B
Total current liabilities
$24.5B
$20.2B
$20.9B
$24.7B
Long-term debt
$81.1B
$74.2B
$71.4B
$65.3B
Tower obligations
$3.5B
$3.7B
$3.8B
$3.9B
Deferred tax liabilities
$19.6B
$16.7B
$13.5B
$10.9B
Operating lease liabilities
$26.4B
$26.4B
$28.2B
$29.9B
Financing lease liabilities
$1.1B
$1.2B
$1.2B
$1.4B
Other long-term liabilities
$3.8B
$4.0B
$3.9B
$4.1B
Total long-term liabilities
$135.5B
$126.1B
$122.0B
$116.9B
Common stock, par value $0.00001 per share, 2,000,000,000 shares authorized; 1,275,774,235 and 1,271,074,364 shares issued, 1,106,930,661 and 1,144,579,681 shares outstanding
$0.00
$0.00
$0.00
$0.00
Additional paid-in capital
$69.5B
$68.8B
$67.7B
$73.9B
Treasury stock, at cost, 168,843,574 and 126,494,683 shares
-30.5B
-20.6B
-9.4B
-3.0B
Accumulated other comprehensive loss
($848.0M)
($857.0M)
($964.0M)
($1.0B)
Retained earnings
$21.1B
$14.4B
$7.3B
($223.0M)
Total stockholders' equity
$59.2B
$61.7B
$64.7B
$69.7B
Total liabilities and stockholders' equity
$219.2B
$208.0B
$207.7B
$211.3B
T-Mobile US, Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$2.8B
$3.5B
$3.3B
$10.3B
Accounts receivable, net of allowance for credit losses of $216 and $226
$5.2B
$4.9B
$5.1B
$4.6B
Equipment installment plan receivables, net of allowance for credit losses and imputed discount of $759 and $733
$4.7B
$4.9B
$4.6B
$4.2B
Inventory
$2.2B
$2.3B
$2.4B
$1.7B
Prepaid expenses
$1.0B
$1.1B
$1.1B
$1.1B
Other current assets
$5.8B
$5.4B
$5.2B
$4.9B
Total current assets
$21.8B
$22.1B
$21.7B
$26.8B
Property and equipment, net
$36.6B
$37.3B
$38.7B
$37.5B
Operating lease right-of-use assets
$24.6B
$25.0B
$26.1B
$24.7B
Financing lease right-of-use assets
$3.0B
$2.8B
$3.0B
$3.1B
Goodwill
$13.7B
$13.7B
$13.7B
$13.5B
Spectrum licenses
$98.2B
$97.6B
$97.7B
$95.9B
Other intangible assets, net
$3.3B
$3.6B
$4.1B
$2.4B
Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount of $198 and $213
$2.5B
$2.6B
$2.3B
$2.0B
Other assets
$10.0B
$10.1B
$9.9B
$6.7B
Total assets
$213.6B
$214.7B
$217.2B
$212.6B
Accounts payable and accrued liabilities
$8.8B
$9.5B
$9.2B
$7.8B
Short-term debt
$6.1B
$2.2B
$6.3B
$6.4B
Deferred revenue
$1.4B
$1.5B
$1.5B
$1.2B
Short-term operating lease liabilities
$3.6B
$3.6B
$3.5B
$3.3B
Short-term financing lease liabilities
$1.2B
$1.2B
$1.2B
$1.2B
Other current liabilities
$2.4B
$2.3B
$2.6B
$2.2B
Total current liabilities
$23.6B
$20.3B
$24.3B
$22.1B
Long-term debt
$78.5B
$83.8B
$77.9B
$76.5B
Tower obligations
$3.5B
$3.5B
$3.6B
$3.6B
Deferred tax liabilities
$21.2B
$20.3B
$19.2B
$18.5B
Operating lease liabilities
$25.4B
$25.9B
$26.8B
$25.6B
Financing lease liabilities
$1.1B
$1.0B
$1.2B
$1.2B
Other long-term liabilities
$4.0B
$4.0B
$3.8B
$4.0B
Total long-term liabilities
$133.7B
$138.4B
$132.4B
$129.4B
Common stock, par value $0.00001 per share, 2,000,000,000 shares authorized; 1,278,405,439 and 1,275,774,235 shares issued, 1,074,817,571 and 1,106,930,661 shares outstanding
$0.00
$0.00
$0.00
$0.00
Additional paid-in capital
$69.9B
$69.7B
$69.3B
$69.0B
Treasury stock, at cost, 203,587,868 and 168,843,574 shares
-37.7B
-35.5B
-28.1B
-25.6B
Accumulated other comprehensive loss
($635.0M)
($835.0M)
($881.0M)
($908.0M)
Retained earnings
$24.7B
$22.5B
$20.2B
$18.6B
Total stockholders' equity
$56.3B
$55.9B
$60.5B
$61.1B
Total liabilities and stockholders' equity
$213.6B
$214.7B
$217.2B
$212.6B
Cash flow statement
T-Mobile US, Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$11.0B
$11.3B
$8.3B
$2.6B
Depreciation and amortization
$13.5B
$12.9B
$12.8B
$13.7B
Stock-based compensation expense
$829.0M
$649.0M
$667.0M
$595.0M
Deferred income tax expense
$2.9B
$3.1B
$2.6B
$492.0M
Bad debt expense
$1.4B
$1.2B
$898.0M
$1.0B
Losses from sales of receivables
$58.0M
$62.0M
$165.0M
$214.0M
Impairment expense
$278.0M
$0
$0
$477.0M
Loss on remeasurement of disposal group held for sale
$0
$0
$9.0M
$377.0M
Accounts receivable
($755.0M)
($3.1B)
($5.0B)
($5.2B)
Equipment installment plan receivables
($877.0M)
($523.0M)
$170.0M
($1.2B)
Inventory
($615.0M)
$131.0M
$197.0M
$744.0M
Operating lease right-of-use assets
$3.6B
$3.5B
$3.7B
$5.2B
Other current and long-term assets
($1.5B)
($411.0M)
($358.0M)
($754.0M)
Accounts payable and accrued liabilities
$1.5B
($2.0B)
($1.1B)
$558.0M
Short- and long-term operating lease liabilities
($3.5B)
($3.9B)
($3.8B)
($2.9B)
Other current and long-term liabilities
($379.0M)
($678.0M)
($839.0M)
$459.0M
Other, net
$445.0M
$21.0M
$143.0M
$414.0M
Net cash provided by operating activities
$27.9B
$22.3B
$18.6B
$16.8B
Purchases of property and equipment, including capitalized interest of $(43), $(34) and $(104)
($10.0B)
($8.8B)
($9.8B)
($14.0B)
Purchases of spectrum licenses and other intangible assets, including deposits
($2.6B)
($3.5B)
($1.0B)
($3.3B)
Proceeds from the sale of property, equipment and intangible assets
$2.2B
—
—
—
Proceeds from sales of tower sites
$0
$0
$12.0M
$9.0M
Proceeds related to beneficial interests in securitization transactions
$0
$3.6B
$4.8B
$4.8B
Acquisition of companies, net of cash acquired
($3.5B)
($373.0M)
$0
($52.0M)
Investments in unconsolidated affiliates, net
($4.1B)
—
—
—
Other, net
$327.0M
$33.0M
$154.0M
$149.0M
Net cash used in investing activities
($17.6B)
($9.1B)
($5.8B)
($12.4B)
Proceeds from issuance of long-term debt, net
$12.0B
—
—
—
Repayments of financing lease obligations
($1.3B)
($1.4B)
($1.2B)
($1.2B)
Repayments of long-term debt
($6.2B)
($5.1B)
($5.1B)
($5.6B)
Repurchases of common stock
($10.0B)
($11.2B)
($13.1B)
($3.0B)
Dividends on common stock
($4.1B)
($3.3B)
($747.0M)
—
Tax withholdings on share-based awards
($434.0M)
($269.0M)
($297.0M)
($243.0M)
Other, net
($111.0M)
($165.0M)
($147.0M)
($127.0M)
Net cash used in financing activities
($10.1B)
($12.8B)
($12.1B)
($6.5B)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash
$1.0M
—
—
—
Change in cash and cash equivalents, including restricted cash
$263.0M
$406.0M
$633.0M
($2.0B)
Beginning of period
$5.7B
$5.3B
$4.7B
$6.7B
End of period
$6.0B
$5.7B
$5.3B
$4.7B
T-Mobile US, Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$5.7B
$2.5B
$8.9B
$6.2B
Depreciation and amortization
$7.3B
$3.8B
$9.8B
$6.3B
Stock-based compensation expense
$423.0M
$209.0M
$613.0M
$386.0M
Deferred income tax expense
$1.6B
$682.0M
$2.5B
$1.7B
Bad debt expense
$824.0M
$426.0M
$925.0M
$588.0M
Losses from sales of receivables
$37.0M
$20.0M
$58.0M
$41.0M
Accounts receivable
($660.0M)
($162.0M)
($797.0M)
($431.0M)
Equipment installment plan receivables
$48.0M
($55.0M)
$133.0M
$89.0M
Inventory
$228.0M
$86.0M
($591.0M)
($54.0M)
Operating lease right-of-use assets
$2.2B
$1.2B
$2.7B
$1.7B
Other current and long-term assets
($321.0M)
$33.0M
($983.0M)
($661.0M)
Accounts payable and accrued liabilities
($673.0M)
($408.0M)
$729.0M
($161.0M)
Short- and long-term operating lease liabilities
($2.2B)
($1.2B)
($2.7B)
($1.8B)
Other current and long-term liabilities
($112.0M)
($109.0M)
($409.0M)
($170.0M)
Other, net
$392.0M
$201.0M
$247.0M
$31.0M
Net cash provided by operating activities
$14.7B
$7.2B
$21.3B
$13.8B
Purchases of property and equipment, including capitalized interest of $(6), $(10), $(13) and $(20)
($5.3B)
($2.6B)
($7.5B)
($4.8B)
Purchases of spectrum licenses and other intangible assets, including deposits
($510.0M)
($26.0M)
($2.5B)
($915.0M)
Proceeds from the sale of property, equipment and intangible assets
$111.0M
$95.0M
$2.1B
$2.1B
Acquisition of companies, net of cash acquired
($1.0M)
($1.0M)
($3.5B)
($726.0M)
Investments in unconsolidated affiliates, net
($3.0M)
$0
($4.1B)
($983.0M)
Other, net
($172.0M)
($294.0M)
$371.0M
$430.0M
Net cash used in investing activities
($5.9B)
($2.8B)
($15.1B)
($5.0B)
Proceeds from issuance of long-term debt, net
$6.4B
$6.4B
$8.3B
$7.8B
Repayments of financing lease obligations
($664.0M)
($304.0M)
($964.0M)
($646.0M)
Repayments of long-term debt
($7.8B)
($6.4B)
($4.6B)
($3.7B)
Repurchases of common stock
($7.1B)
($4.8B)
($7.5B)
($5.0B)
Dividends on common stock
($2.2B)
($1.1B)
($3.0B)
($2.0B)
Tax withholdings on share-based awards
($185.0M)
($154.0M)
($394.0M)
($302.0M)
Other, net
($28.0M)
$1.0M
($80.0M)
($48.0M)
Net cash used in financing activities
($11.6B)
($6.4B)
($8.3B)
($4.0B)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash
$0
—
$13.0M
$13.0M
Change in cash and cash equivalents, including restricted cash