Q4 25 EPS
$0.52
BEAT +10.64%
Est. $0.47
Q4 25 Revenue
$33.47B
vs S&P Since Q4 25
+4.4%
BEATING MARKET
T +8.1% vs S&P +3.6%
Full Year 2025 Results
FY 25 EPS
$2.12
BEAT +3.05%
Est. $2.06
FY 25 Revenue
$125.65B
BEAT +0.50%
Est. $125.02B
Market Reaction
Did T Beat Earnings? Q4 2025 Results
AT&T closed out Q4 2025 with a decisive beat on both the top and bottom lines, posting adjusted earnings of $0.52 per share against a $0.47 consensus estimate, a 10.64% positive surprise, while revenue of $33.47 billion topped forecasts of $32.84 bil… Read more AT&T closed out Q4 2025 with a decisive beat on both the top and bottom lines, posting adjusted earnings of $0.52 per share against a $0.47 consensus estimate, a 10.64% positive surprise, while revenue of $33.47 billion topped forecasts of $32.84 billion and grew 3.6% year over year. The driving force behind the quarter was AT&T's converged fiber and 5G strategy, which delivered its best consumer broadband subscriber growth in a decade; fiber connections reached 10.4 million, up 11.5% year over year, while the Mobility segment added 421,000 postpaid phone net subscribers in the quarter alone. Full-year adjusted EPS reached $2.12, up 8.7% from $1.95 in 2024, underscoring the durability of the company's operational momentum. Looking ahead, AT&T guided for 2026 adjusted EPS of $2.25–$2.35 with a double-digit three-year CAGR, and pledged free cash flow of $18 billion or more in 2026, scaling to $21 billion-plus by 2028, as part of a broader $45 billion shareholder return commitment through 2028.
Key Takeaways
- • Converged fiber and 5G customer growth, with 42% of AT&T Fiber households also choosing AT&T wireless
- • 421,000 postpaid phone net adds in Q4 with 0.98% postpaid phone churn
- • 283,000 AT&T Fiber net adds and 221,000 AT&T Internet Air net adds in Q4
- • Consumer Wireline fiber revenues up 13.6% year over year
- • Mobility service revenues up 2.4% year over year
- • Continued transformation initiatives reducing operating expenses
- • Best year for consumer broadband subscriber growth in a decade
- • More than 1.5 million postpaid phone net adds for fifth straight year
- • More than 1 million AT&T Fiber net adds for eighth consecutive year
T YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
T Revenue by Segment
With YoY comparisons, source: SEC Filings
T Revenue by Geography
Regional revenue distribution
“We achieved or surpassed all of our consolidated full-year guidance for 2025. With new investments in spectrum and fiber, we're set to win more customers in more categories and geographies across the U.S. Backed by the best assets in the industry, we are accelerating our strategy to deliver improved growth, the best customer experience and enhanced returns for shareholders over the next three years.”
— John Stankey, Q4 2025 Earnings Press Release
T Earnings Trends
T vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
T EPS Trend
Earnings per share: estimate vs actual
T Revenue Trend
Quarterly revenue: estimate vs actual
T Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.57 | — | $31.51B | — |
| Q4 25 BEAT FY | $0.47 | $0.52 | +10.64% | $33.47B | — |
| FY Full Year | $2.06 | $2.12 | +3.05% | $125.65B | +0.50% |
| Q3 25 BEAT | $0.54 | $0.54 | +0.45% | $30.71B | -0.57% |
| Q2 25 BEAT | $0.53 | $0.54 | +1.89% | $30.85B | +1.27% |
| Q1 25 MISS | $0.52 | $0.51 | -1.79% | $30.63B | +0.87% |