Form 8-K
8-K — AT&T INC.
Accession: 0000732717-26-000370
Filed: 2026-10-21
Period: 2026-10-21
CIK: 0000732717
SIC: 4813 (TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE))
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — t-20261021.htm (Primary)
EX-99.1 — EX-99.1 AT&T INC. PRESS RELEASE 3RD QUARTER 2026 (t-3q2026exhibit991.htm)
EX-99.2 — EX-99.2 AT&T INC. SELECTED FINANCIAL STATEMENTS AND OPERATING DATA (t-3q2026exhibit992.htm)
EX-99.3 — EX-99.3 DISCUSSION AND RECONCILIATION OF NON-GAAP MEASURES (t-3q2026exhibit993.htm)
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8-K — 8-K 2.02 AT&T 3RD QUARTER 2026 EARNINGS RELEASE
8-K (Primary)
Filename: t-20261021.htm · Sequence: 1
t-20261021
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________________________________________________
FORM 8-K
______________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported) October 21, 2026
______________________________________________________
AT&T INC.
(Exact Name of Registrant as Specified in Charter)
______________________________________________________
Delaware 001-08610 43-1301883
(State or Other Jurisdiction
of Incorporation) (Commission
File Number) (IRS Employer
Identification No.)
208 S. Akard St., Dallas, Texas
(Address of Principal Executive Offices)
75202
(Zip Code)
Registrant’s telephone number, including area code (210) 821-4105
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities Registered Pursuant to Section 12(b) of the Act
Title of each class Trading
Symbol(s) Name of each exchange
on which registered
Common Shares (Par Value $1.00 Per Share) T New York Stock Exchange
NYSE Texas
Depositary Shares, each representing a 1/1000th interest in a share of 5.000% Perpetual Preferred Stock, Series A T PRA New York Stock Exchange
Depositary Shares, each representing a 1/1000th interest in a share of 4.750% Perpetual Preferred Stock, Series C T PRC New York Stock Exchange
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
AT&T Inc. 1.800% Global Notes due September 5, 2026 T 26D New York Stock Exchange
AT&T Inc. 2.900% Global Notes due December 4, 2026 T 26A New York Stock Exchange
AT&T Inc. Floating Rate Global Notes due September 16, 2027 T 27C New York Stock Exchange
AT&T Inc. 1.600% Global Notes due May 19, 2028 T 28C New York Stock Exchange
AT&T Inc. Floating Rate Global Notes due August 17, 2028 T 28E New York Stock Exchange
AT&T Inc. 2.350% Global Notes due September 5, 2029 T 29D New York Stock Exchange
AT&T Inc. 4.375% Global Notes due September 14, 2029 T 29B New York Stock Exchange
AT&T Inc. 2.600% Global Notes due December 17, 2029 T 29A New York Stock Exchange
AT&T Inc. 0.800% Global Notes due March 4, 2030 T 30B New York Stock Exchange
AT&T Inc. 3.150% Global Notes due June 1, 2030 T 30C New York Stock Exchange
AT&T Inc. 3.600% Global Notes due August 3, 2030 T 30E New York Stock Exchange
AT&T Inc. 3.950% Global Notes due April 30, 2031 T 31F New York Stock Exchange
AT&T Inc. 2.050% Global Notes due May 19, 2032 T 32A New York Stock Exchange
AT&T Inc. 3.550% Global Notes due December 17, 2032 T 32 New York Stock Exchange
AT&T Inc. 3.600% Global Notes due June 1, 2033 T 33A New York Stock Exchange
AT&T Inc. 5.200% Global Notes due November 18, 2033 T 33 New York Stock Exchange
AT&T Inc. 3.375% Global Notes due March 15, 2034 T 34 New York Stock Exchange
AT&T Inc. 4.150% Global Notes due August 3, 2034 T 34E New York Stock Exchange
AT&T Inc. 4.300% Global Notes due November 18, 2034 T 34C New York Stock Exchange
AT&T Inc. 2.450% Global Notes due March 15, 2035 T 35 New York Stock Exchange
AT&T Inc. 3.150% Global Notes due September 4, 2036 T 36A New York Stock Exchange
AT&T Inc. 4.050% Global Notes due June 1, 2037 T 37B New York Stock Exchange
AT&T Inc. 2.600% Global Notes due May 19, 2038 T 38C New York Stock Exchange
AT&T Inc. 4.550% Global Notes due August 3, 2038 T 38D New York Stock Exchange
AT&T Inc. 1.800% Global Notes due September 14, 2039 T 39B New York Stock Exchange
AT&T Inc. 7.000% Global Notes due April 30, 2040 T 40 New York Stock Exchange
AT&T Inc. 4.250% Global Notes due June 1, 2043 T 43 New York Stock Exchange
AT&T Inc. 4.875% Global Notes due June 1, 2044 T 44 New York Stock Exchange
AT&T Inc. 5.050% Global Notes due August 3, 2045 T 45B New York Stock Exchange
AT&T Inc. 4.000% Global Notes due June 1, 2049 T 49A New York Stock Exchange
AT&T Inc. 4.250% Global Notes due March 1, 2050 T 50 New York Stock Exchange
AT&T Inc. 3.750% Global Notes due September 1, 2050 T 50A New York Stock Exchange
AT&T Inc. 7.050% Global Notes due August 3, 2052 T 52 New York Stock Exchange
AT&T Inc. 5.350% Global Notes due November 1, 2066 TBB New York Stock Exchange
'
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
The registrant announced on October 21, 2026, its results of operations for the third quarter of 2026. The text of the press release and accompanying financial information are attached as exhibits and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
The following exhibits are furnished as part of this report:
(d)
Exhibits
99.1
Press release dated October 21, 2026 reporting financial results for the third quarter ended September 30, 2026.
99.2
AT&T Inc. selected financial statements and operating data.
99.3
Discussion and reconciliation of non-GAAP measures.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AT&T INC.
Date: October 21, 2026
By: /s/ Sabrina Sanders
Sabrina Sanders
Senior Vice President - Chief Accounting Officer
and Controller
EX-99.1 — EX-99.1 AT&T INC. PRESS RELEASE 3RD QUARTER 2026
EX-99.1
Filename: t-3q2026exhibit991.htm · Sequence: 2
Document
AT&T Delivers Strong Third-Quarter 2026 Results with Its Best Consolidated Service Revenue Growth in More Than Four Years
AT&T added more than 1 million Advanced Connectivity customers for a second consecutive quarter, driven by net adds across fiber, fixed wireless, and postpaid phone
AT&T updates outlook to reflect higher 2026 adjusted EPS* and lower long-term capital investment while remaining on track to reach more than 60 million locations with fiber by end of 2030
DALLAS, October 21, 2026 — AT&T Inc. (NYSE: T) reported third-quarter results, extending the momentum of its investment-led strategy as it delivers advanced connectivity to more consumers and businesses. The Company achieved a record quarter for Advanced Connectivity internet net adds and grew its base of high-value converged relationships by approximately 350,000. The results demonstrate the value of AT&T’s differentiated fiber and 5G portfolio as it continues to accelerate growth in consolidated service revenue and improve operating efficiency, driving durable long-term profitability.
"We are growing valuable customer relationships as more homes and businesses choose AT&T for all their advanced connectivity needs across both internet and on-the-go wireless," said John Stankey, AT&T Chairman and CEO. "Our asset base positions us well for the AI era, with a leading position in fiber – the best technology available. We’re building the nation’s strongest network, backed by America’s Best Guarantee, to deliver faster, more reliable and more accessible connectivity."
Third-Quarter 2026 Consolidated Financial Results1
•Revenues totaled $32.3 billion, up 5.3% year over year
•Diluted EPS from continuing operations was $0.13, which includes a non-cash impairment charge associated with the Company's held-for-sale Mexico wireless business as well as employee separation charges, versus $1.29 in the year-ago quarter, which included a gain recognized on the sale of the DIRECTV investment; adjusted EPS* was $0.65, versus $0.54 in the year-ago quarter
•Operating income was $4.1 billion; adjusted operating income* was $7.6 billion
•Income from continuing operations was $1.3 billion, adjusted EBITDA* was $12.5 billion, up 5.4% year over year
•Cash from operating activities from continuing operations was $10.5 billion, versus $10.2 billion in the year-ago quarter
•Capital expenditures related to continuing operations were $5.1 billion; capital investment* was $5.6 billion
•Free cash flow* was $5.0 billion, versus $4.9 billion in the year-ago quarter
* Further clarification and explanation of non-GAAP measures and reconciliations to the most comparable GAAP measures can be found in the “Non-GAAP Measures and Reconciliations to GAAP Measures” section of the release and at investors.att.com.
© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
Third-Quarter 2026 Highlights
•Second consecutive quarter with over 1 million Advanced Connectivity customer additions, driven by accelerated internet net adds and solid postpaid phone net adds
•Advanced Connectivity service revenue of $23.9 billion, up 6.1% year over year
•Advanced Connectivity operating income of $7.6 billion, up 18.9% year over year with EBITDA* of $12.3 billion, up 7.3%
•42.8% of households with AT&T's advanced home internet services also chose AT&T wireless2
•769,000 total consumer and business Advanced Connectivity internet net adds, a record quarter, including 442,000 fiber and 327,000 fixed wireless
•379,000 postpaid phone net adds with postpaid phone churn of 0.92%
•Reached more than 39 million total consumer and business locations with fiber; the Company remains on track to reach over 40 million total fiber locations by the end of 2026 and more than 60 million locations by the end of 20303
•Returned approximately $4.8 billion to shareholders, including $2.8 billion in common share repurchases
Financial Outlook and Capital Allocation Plan
AT&T is increasing its outlook for 2026 adjusted EPS* and lowering its long-term outlook for capital investment. AT&T maintains its long-term outlook for improved growth in adjusted EBITDA* and adjusted EPS* and higher free cash flow* through 2028, its plans to return $45 billion+ to shareholders during 2026-2028 through dividends and share repurchases, and an expectation that its net debt-to-adjusted EBITDA ratio* will return to a level consistent with its target in the 2.5x range during 2029.
AT&T's long-term outlook is presented on a continuing operations basis and, for 2027-2028, excludes AT&T Mexico, which it has agreed to sell to Grupo Televisa and Fintech Holdings.
The Company’s long-term outlook for 2026-2028 includes4:
•Service revenue growth in the low-single-digit range annually
◦Advanced Connectivity service revenue growth in the mid-single-digit range annually, including expected growth of 5%+ in 2026
◦Legacy service revenue decline of 20%+ in 2026 and be immaterial by the end of 2029
•Adjusted EBITDA* growth in the upper portion of the 3% to 4% range in 2026, improving to 5% or better in 2028
◦Advanced Connectivity EBITDA* growth in the mid-to-high-single-digit range annually, including expected growth of 6%+ in 2026
◦Legacy EBITDA* expected to turn negative after 2027, until AT&T has substantially eliminated direct costs associated with operating its copper-based network5
•Adjusted EPS* in the $2.40 range in 2026 with a double-digit 3-year CAGR through 2028
* Further clarification and explanation of non-GAAP measures and reconciliations to the most comparable GAAP measures can be found in the “Non-GAAP Measures and Reconciliations to GAAP Measures” section of the release and at investors.att.com.
© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
•Capital investment* in the $23 billion to $24 billion range in 2026 and in the $22 billion to $23 billion range annually in 2027 and 2028
•Free cash flow* of $18 billion+ in 2026, $19 billion+ in 2027, and $21 billion+ in 2028
•Strong capital returns, including plans to maintain its current annualized common stock dividend of $1.11 per share and $24 billion+ of share repurchases, including approximately $10 billion during 2026
Note: AT&T’s third-quarter 2026 earnings conference call will be webcast at 8:30 a.m. ET on Wednesday, October 21, 2026. The webcast and related materials, including financial highlights, will be available at investors.att.com.
Detailed Third-Quarter 2026 Consolidated Financial Results
•Revenues for the third quarter totaled $32.3 billion, versus $30.7 billion in the year-ago quarter, up 5.3%. This was largely due to growth in Advanced Connectivity wireless service and equipment revenues, and fiber revenues, which include the impact of the Company’s first-quarter acquisition of Lumen’s mass markets fiber business. Operating revenues in Latin America were also higher due to favorable foreign exchange impacts and growth in postpaid revenues. Offsetting the increases were lower Legacy revenues from lower demand for services as the Company continues to decommission its copper-based network.
•Operating expenses were $28.2 billion, versus $24.6 billion in the year-ago quarter. Operating expenses increased primarily due to a non-cash impairment charge associated with the Company’s held-for-sale Mexico wireless business of $2.6 billion, employee separation charges, increased wireless equipment costs, as well as higher advertising and higher bad debt expenses driven by subscriber growth. The increase was also due to incremental customer costs related to the acquired mass markets fiber business. These increases were partially offset by cost reductions from transformation initiatives and apportioned legal settlements in the prior-year period. Depreciation expense was also lower year over year from fully depreciated legacy assets, partially offset by ongoing capital spending for strategic initiatives.
•Operating income was $4.1 billion, versus $6.1 billion in the year-ago quarter. Adjusted operating income* was $7.6 billion, versus $6.6 billion in the year-ago quarter.
•Income from continuing operations was $1.3 billion, versus $9.7 billion in the year-ago quarter.
•Income from continuing operations attributable to common stock was $0.9 billion, versus $9.3 billion in the year-ago quarter. Earnings per diluted common share from continuing operations was $0.13, versus $1.29 in the year-ago quarter, which included a gain recognized on the sale of the DIRECTV investment. Adjusting for $0.52, which includes a non-cash impairment charge associated with the held-for-sale Mexico wireless business, employee separation charges, and other items, adjusted earnings per diluted common share* was $0.65, versus $0.54 in the year-ago quarter.
•Adjusted EBITDA* was $12.5 billion, versus $11.9 billion in the year-ago quarter.
* Further clarification and explanation of non-GAAP measures and reconciliations to the most comparable GAAP measures can be found in the “Non-GAAP Measures and Reconciliations to GAAP Measures” section of the release and at investors.att.com.
© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
•Cash from operating activities from continuing operations was $10.5 billion, versus $10.2 billion in the year-ago quarter, which included voluntary pension plan contributions. The increase also reflects timing of working capital payments.
•Capital expenditures related to continuing operations were $5.1 billion, versus $4.9 billion in the year-ago quarter. Capital investment* totaled $5.6 billion, versus $5.3 billion in the year-ago quarter. Cash payments for vendor financing totaled $0.5 billion, versus $0.4 billion in the year-ago quarter.
•Free cash flow* was $5.0 billion, versus $4.9 billion in the year-ago quarter.
•Total debt was $159.6 billion at the end of the third quarter and net debt* was $149.8 billion, both reflecting a sequential increase related to the closing of the EchoStar spectrum transaction.
AT&T Third-Quarter 2026 Segment Results6
Advanced Connectivity service revenues grew 6.1% year over year, driving growth in operating income of 18.9% and EBITDA* of 7.3%. Internet net adds were 769,000 — comprised of 442,000 fiber and 327,000 fixed wireless — and postpaid phone net adds were 379,000.
Advanced Connectivity
Dollars in millions
Third Quarter
Percent
Unaudited
2026
2025
Change
Operating Revenues
$
29,481
$
27,503
7.2
%
Service
23,902
22,529
6.1
%
Wireless Service
17,764
16,926
5.0
%
Advanced Home Internet
2,975
2,411
23.4
%
Business Fiber and Advanced Connectivity
1,992
1,832
8.7
%
Business Transitional and Other
1,023
1,198
(14.6)
%
Other Service
148
162
(8.6)
%
Equipment
5,579
4,974
12.2
%
Operating Expenses
21,853
21,086
3.6
%
Operating Income
7,628
6,417
18.9
%
Operating Income Margin
25.9
%
23.3
%
260 BP
EBITDA*
$
12,330
$
11,493
7.3
%
EBITDA Margin*
41.8
%
41.8
%
—
BP
Advanced Connectivity segment revenues grew 7.2% year over year, driven by service revenue growth of 6.1% and higher equipment revenue. Wireless service revenue increased due to growth in retail wireless subscribers in underpenetrated categories and converged accounts, and pricing actions that were partially offset by promotional discounts on wireless subscriber additions. Advanced home internet revenue growth, which included an impact from the acquired mass markets fiber business that closed in the first quarter, reflects increases in fiber and AT&T Internet Air revenues. Business fiber and advanced connectivity revenues increased largely due to higher fiber and fixed wireless revenues. Business
* Further clarification and explanation of non-GAAP measures and reconciliations to the most comparable GAAP measures can be found in the “Non-GAAP Measures and Reconciliations to GAAP Measures” section of the release and at investors.att.com.
© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
transitional and other revenues decreased due to lower demand for virtual private network and wholesale services.
Operating expenses were up 3.6% year over year, due to increased wireless equipment costs, higher advertising expense, incremental customer costs related to the acquired mass markets fiber business, and higher bad debt expenses driven by subscriber growth. These increases were partially offset by cost reductions from transformation initiatives. Additionally, depreciation expense decreased year over year from fully depreciated legacy assets, partially offset by ongoing capital spending for strategic initiatives.
Operating income was $7.6 billion, up 18.9% year over year. EBITDA* was $12.3 billion, up $837 million year over year.
Legacy revenues continued to decline year over year in line with AT&T's goal to decommission the large majority of its copper-based network by the end of 2029.
Legacy
Dollars in millions
Third Quarter
Percent
Unaudited
2026
2025
Change
Operating Revenues
$
1,519
$
2,013
(24.5)
%
Operating Expenses
1,021
1,334
(23.5)
%
Operating Income
498
679
(26.7)
%
Operating Income Margin
32.8
%
33.7
%
(90)
BP
EBITDA*
$
498
$
679
(26.7)
%
EBITDA Margin*
32.8
%
33.7
%
(90)
BP
Legacy segment revenues were down 24.5% year over year, primarily due to lower demand for services as the Company continues to decommission its copper-based network. Operating expenses, which represent direct operating costs, were $1.0 billion, down 23.5% year over year. Expense declines were primarily driven by lower personnel and other costs resulting from the decommissioning of the copper-based network, and lower fulfillment cost amortization, partially offset by favorable vendor settlements in the prior-year period. Operating income and EBITDA* were $498 million, down $181 million year over year.
* Further clarification and explanation of non-GAAP measures and reconciliations to the most comparable GAAP measures can be found in the “Non-GAAP Measures and Reconciliations to GAAP Measures” section of the release and at investors.att.com.
© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
On October 13, 2026, AT&T entered into an agreement to sell its Mexico wireless business, which is the entirety of the Latin America segment. AT&T applied held-for-sale accounting in continuing operations as of September 30, 2026, and recorded a non-cash impairment charge of $2.6 billion at Corporate and Other that did not impact third-quarter segment results. AT&T will continue to present results within the Latin America segment.
Latin America
Dollars in millions
Third Quarter
Percent
Unaudited
2026
2025
Change
Operating Revenues
$
1,240
$
1,095
13.2
%
Service
798
696
14.7
%
Equipment
442
399
10.8
%
Operating Expenses
1,195
1,073
11.4
%
Operating Income
45
22
—
%
EBITDA*
236
199
18.6
%
Latin America segment revenues were up 13.2% year over year, primarily driven by favorable foreign exchange rates and postpaid wireless subscriber growth. Operating expenses were up 11.4% year over year due to unfavorable foreign exchange rates, higher bad debt expenses, and higher equipment costs. Operating income was $45 million, up $23 million year over year. EBITDA* was $236 million, up $37 million year over year.
1 With the closing of the acquisition of substantially all of Lumen's Mass Markets fiber business on February 2, 2026, the fiber customer relationships were retained by AT&T and are included in the Company's quarterly results. The recently acquired fiber network assets, including certain fiber network build capabilities, were placed in a wholly owned subsidiary, Forged Fiber 37, which is classified as held-for-sale and reflected as discontinued operations. Upon acquisition, AT&T initially sought an equity partner to co-invest in Forged Fiber 37 and has since agreed to sell a controlling interest in the business.
2 Advanced home internet connections with AT&T wireless is defined as AT&T Fiber and AT&T Internet Air connections that are also primary wireless account holders that subscribe to consumer postpaid phone service. AT&T refers to these customers as converged customers. Convergence rate represents the ratio of converged customers to advanced home internet connections. This 3Q26 convergence metric is presented based on available information and is subject to revision.
3 Total consumer and business locations reached with fiber represents the sum of: (1) AT&T Owned and Operated locations, which reflect its customer locations passed by AT&T's fiber network and (2) AT&T Fiber Ventures locations, which represent locations served from the recently acquired mass markets fiber business, Gigapower, and other commercial open access providers.
4 The Company's long-term outlook for 2026-2028 is presented on a continuing operations basis and excludes discontinued operations related to Forged Fiber 37. AT&T's long-term outlook for 2027-2028 excludes the held-for-sale Mexico wireless business.
5 The strategy to remove legacy fixed costs across a geography is tied to the decommissioning of infrastructure after all customers have been upgraded to newer services. Gaining approvals could delay this decommissioning beyond 2029.
6 Effective with the Company’s first-quarter 2026 reporting, AT&T revised its operating segments to reflect the evolution of its business model to focus on delivering converged advanced connectivity services.
About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.
* Further clarification and explanation of non-GAAP measures and reconciliations to the most comparable GAAP measures can be found in the “Non-GAAP Measures and Reconciliations to GAAP Measures” section of the release and at investors.att.com.
© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
Non-GAAP Measures and Reconciliations to GAAP Measures
Schedules and reconciliations of non-GAAP financial measures cited in this document to the most comparable financial measures under generally accepted accounting principles (GAAP) can be found at investors.att.com and in our Form 8-K dated October 21, 2026. Adjusted EPS, adjusted operating income, EBITDA, EBITDA margin, adjusted EBITDA, free cash flow, and net debt are non-GAAP financial measures frequently used by investors and credit rating agencies. The information below refers only to AT&T’s continuing operations and does not include discussion of balances or activity related to discontinued operations.
Adjusted EPS is calculated by excluding from operating revenues, operating expenses, other income (expenses) and income tax expense, certain significant items that are non-operational or non-recurring in nature, including dispositions and merger integration and transaction costs, actuarial gains and losses, significant abandonments and impairments, benefit-related gains and losses, employee separation and other material gains and losses. Non-operational items arising from asset acquisitions and dispositions include the amortization of intangible assets. While the expense associated with the amortization of certain wireless licenses and customer lists is excluded, the revenue of the acquired companies is reflected in the measure and those assets contribute to revenue generation. We also adjust for net actuarial gains or losses associated with our pension and postemployment benefit plans due to the often-significant impact on our results (we immediately recognize this gain or loss in the income statement, pursuant to our accounting policy for the recognition of actuarial gains and losses). Consequently, our adjusted results reflect an expected return on plan assets rather than the actual return on plan assets, as included in the GAAP measure of income. The tax impact of adjusting items is calculated using the adjusted effective tax rate during the quarter except for adjustments that, given their magnitude, can drive a change in the effective tax rate; in these cases, we use the actual tax expense or combined marginal rate of approximately 25%.
For 3Q26, adjusted EPS of $0.65 is diluted EPS from continuing operations of $0.13 adjusted for $0.41 impairment charge associated with the held-for-sale Mexico wireless business, $0.09 employee separation charges, and $0.02 for benefit-related, transaction, legal and other items. For 3Q25, adjusted EPS of $0.54 is diluted EPS of $1.29 minus $0.79 gain on the sale of the DIRECTV investment, plus $0.04 benefit-related, transaction, legal and other items. Transaction, legal and other costs include certain legal reserves and settlements that cover extended historical periods, novel theories of liability, and/or are unpredictable in both magnitude and timing, and therefore are distinct and separate from normal, recurring legal matters. Such costs are presented net of expected insurance recoveries.
The Company expects adjustments to 2026 reported diluted EPS from continuing operations to include acquisition-related amortization of approximately $0.3 billion (based on preliminary information), a non-cash mark-to-market benefit plan gain/loss and other items. The Company expects the mark-to-market adjustment, which is driven by interest rates and investment returns that are not reasonably estimable at this time, to be a significant item. AT&T’s projected adjusted EPS depends on future levels of revenues and expenses, most of which are not reasonably estimable at this time. Accordingly, the Company cannot provide a reconciliation between this projected non-GAAP metric and the most comparable GAAP metric without unreasonable effort.
Adjusted operating income is operating income adjusted for revenues and costs the Company considers non-operational in nature, including items arising from asset acquisitions or dispositions. For 3Q26, adjusted operating income of $7.6 billion is calculated as operating income of $4.1 billion, plus adjustments of $3.5 billion, which includes the impairment charge associated with the held-for-sale Mexico wireless business. For 3Q25, adjusted operating income of $6.6 billion is calculated as operating income of $6.1 billion, plus $435 million of adjustments. Adjustments for all periods are detailed in the Discussion and Reconciliation of Non-GAAP Measures included in our Form 8-K dated October 21, 2026, and include transaction, legal, and other costs as discussed above.
EBITDA is income from continuing operations plus income tax, interest, and depreciation and amortization expenses minus equity in net income (loss) of affiliates and other income (expense) – net. Adjusted EBITDA is calculated by excluding from EBITDA certain significant items that are non-operational or non-recurring in nature, including dispositions and merger integration and transaction costs, significant abandonments and impairments, benefit-related gains and losses, employee separation, and other material gains and losses. Adjustments include transaction, legal, and other costs as discussed above.
* Further clarification and explanation of non-GAAP measures and reconciliations to the most comparable GAAP measures can be found in the “Non-GAAP Measures and Reconciliations to GAAP Measures” section of the release and at investors.att.com.
© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
For 3Q26, adjusted EBITDA of $12.5 billion is calculated as income from continuing operations of $1.3 billion, plus income tax expense of $1.4 billion, plus interest expense of $2.0 billion, plus equity in net income (loss) of affiliates of $(10) million, minus other income (expense) – net of $0.6 billion, plus depreciation and amortization of $5.0 billion, plus adjustments of $3.4 billion, which includes the impairment charge associated with the held-for-sale Mexico wireless business. For 3Q25, adjusted EBITDA of $11.9 billion is calculated as income from continuing operations of $9.7 billion, plus income tax expense of $1.0 billion, plus interest expense of $1.7 billion, plus equity in net income (loss) of affiliates of $(20) million, minus other income (expense) – net of $6.3 billion, plus depreciation and amortization of $5.3 billion, plus adjustments of $425 million. Adjustments for all periods are detailed in the Discussion and Reconciliation of Non-GAAP Measures included in our Form 8-K dated October 21, 2026.
At the segment level, EBITDA is operating income before depreciation and amortization. EBITDA margin is EBITDA divided by total revenues. For 3Q26, Advanced Connectivity EBITDA of $12.3 billion is operating income of $7.6 billion plus depreciation and amortization of $4.7 billion. For 3Q25, Advanced Connectivity EBITDA of $11.5 billion is operating income of $6.4 billion plus depreciation and amortization of $5.1 billion.
Adjusted EBITDA, Advanced Connectivity EBITDA, and Legacy EBITDA estimates depend on future levels of revenues and expenses which are not reasonably estimable at this time. Accordingly, we cannot provide reconciliations between these projected non-GAAP metrics and the most comparable GAAP metrics without unreasonable effort.
Free cash flow for 3Q26 of $5.0 billion is cash from operating activities from continuing operations of $10.5 billion, minus capital expenditures of $5.1 billion and cash paid for vendor financing of $0.5 billion. For 3Q25, free cash flow of $4.9 billion is cash from operating activities of $10.2 billion, minus capital expenditures of $4.9 billion and cash paid for vendor financing of $0.4 billion. Due to high variability and difficulty in predicting items that impact cash from operating activities, capital expenditures and vendor financing payments, the Company is not able to provide a reconciliation between projected free cash flow and the most comparable GAAP metric without unreasonable effort.
Capital investment provides a comprehensive view of cash used to invest in our networks, product developments, and support systems. In connection with capital improvements, we have favorable payment terms of 120 days or more with certain vendors, referred to as vendor financing, which are excluded from capital expenditures and reported as financing activities. Capital investment includes capital expenditures and cash paid for vendor financing ($0.5 billion in 3Q26, $0.4 billion in 3Q25). Due to high variability and difficulty in predicting items that impact capital expenditures and vendor financing payments, the Company is not able to provide a reconciliation between projected capital investment and the most comparable GAAP metric without unreasonable effort.
Net debt of $149.8 billion at September 30, 2026, is calculated as total debt (debt maturing within one year and long-term debt) of $159.6 billion, plus debt classified as held-for-sale related to the Mexico wireless business of $1.2 billion, less cash and cash equivalents of $10.8 billion and time deposits (i.e., deposits at financial institutions that are greater than 90 days) of $0.3 billion. Net debt-to-adjusted EBITDA is calculated by dividing net debt by the sum of the most recent four quarters of adjusted EBITDA. Net debt and adjusted EBITDA estimates depend on future levels of revenues, expenses and other metrics which are not reasonably estimable at this time. Accordingly, we cannot provide a reconciliation between projected net debt-to-adjusted EBITDA and the most comparable GAAP metrics and related ratios without unreasonable effort.
For more information, contact:
Brennan Edwards
AT&T Inc.
Phone: (972) 209-2753
Email: brennan.edwards@att.com
* Further clarification and explanation of non-GAAP measures and reconciliations to the most comparable GAAP measures can be found in the “Non-GAAP Measures and Reconciliations to GAAP Measures” section of the release and at investors.att.com.
© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
EX-99.2 — EX-99.2 AT&T INC. SELECTED FINANCIAL STATEMENTS AND OPERATING DATA
EX-99.2
Filename: t-3q2026exhibit992.htm · Sequence: 3
Document
AT&T Inc.
Financial Data
Consolidated Statements of Income
Dollars in millions except per share amounts
Unaudited Third Quarter Percent Nine-Month Period Percent
2026 2025 Change 2026 2025 Change
Operating Revenues
Service $ 26,301 $ 25,336 3.8 % $ 77,756 $ 75,766 2.6 %
Equipment 6,021 5,373 12.1 % 17,630 16,416 7.4 %
Total Operating Revenues 32,322 30,709 5.3 % 95,386 92,182 3.5 %
Operating Expenses
Cost of revenues
Equipment 6,098 5,468 11.5 % 18,144 16,900 7.4 %
Other cost of revenues (exclusive of depreciation
and amortization shown separately below)
6,344 6,351 (0.1) % 18,911 19,102 (1.0) %
Selling, general and administrative 7,435 7,454 (0.3) % 21,972 21,544 2.0 %
Asset impairments and abandonments and restructuring 3,372 — — % 3,658 504 — %
Depreciation and amortization 4,978 5,317 (6.4) % 14,910 15,758 (5.4) %
Total Operating Expenses 28,227 24,590 14.8 % 77,595 73,808 5.1 %
Operating Income 4,095 6,119 (33.1) % 17,791 18,374 (3.2) %
Interest Expense 1,979 1,700 16.4 % 5,675 5,013 13.2 %
Equity in Net Income (Loss) of Affiliates (10) (20) 50.0 % (80) 1,905 — %
Other Income (Expense) — Net 590 6,254 (90.6) % 1,880 7,476 (74.9) %
Income from Continuing Operations Before
Income Taxes
2,696 10,653 (74.7) % 13,916 22,742 (38.8) %
Income tax expense on continuing operations 1,390 976 42.4 % 3,353 3,512 (4.5) %
Income From Continuing Operations 1,306 9,677 (86.5) % 10,563 19,230 (45.1) %
Loss from discontinued operations, net of tax (37) — — % (103) — — %
Net Income 1,269 9,677 (86.9) % 10,460 19,230 (45.6) %
Net Income Attributable to Noncontrolling Interest (378) (363) (4.1) % (1,113) (1,065) (4.5) %
Net Income Attributable to AT&T $ 891 $ 9,314 (90.4) % $ 9,347 $ 18,165 (48.5) %
Preferred Stock Dividends and Redemption Gain (36) (36) — % (108) (28) — %
Net Income Attributable to Common Stock $ 855 $ 9,278 (90.8) % $ 9,239 $ 18,137 (49.1) %
Basic Earnings Per Share Attributable to
Common Stock
Income from continuing operations $ 0.13 $ 1.29 (89.9) % $ 1.34 $ 2.51 (46.6) %
Loss from discontinued operations (0.01) — — % (0.01) — — %
$ 0.12 $ 1.29 (90.7) % $ 1.33 $ 2.51 (47.0) %
Weighted Average Common Shares
Outstanding (000,000)
6,835 7,156 (4.5) % 6,929 7,193 (3.7) %
Diluted Earnings Per Share Attributable to
Common Stock
Income from continuing operations $ 0.13 $ 1.29 (89.9) % $ 1.34 $ 2.51 (46.6) %
Loss from discontinued operations (0.01) — — % (0.01) — — %
$ 0.12 $ 1.29 (90.7) % $ 1.33 $ 2.51 (47.0) %
Weighted Average Common Shares
Outstanding with Dilution (000,000)
6,844 7,169 (4.5) % 6,938 7,203 (3.7) %
1
AT&T Inc.
Financial Data
Consolidated Balance Sheets
Dollars in millions
Sep. 30, Dec. 31,
2026 2025
Assets (Unaudited)
Current Assets
Cash and cash equivalents $ 10,767 $ 18,234
Accounts receivable – net of related allowances for credit loss of $272 and $429 7,992 8,843
Inventories 2,893 2,420
Prepaid and other current assets 19,477 19,235
Assets held for sale 11,216 —
Total current assets 52,345 48,732
Property, Plant and Equipment – Net 132,154 131,559
Goodwill – Net 63,865 63,425
Licenses – Net 149,357 128,148
Other Intangible Assets – Net 5,987 5,254
Investments in and Advances to Equity Affiliates 1,173 1,106
Operating Lease Right-Of-Use Assets 22,352 22,642
Other Assets 18,638 19,332
Total Assets $ 445,871 $ 420,198
Liabilities and Stockholders’ Equity
Current Liabilities
Debt maturing within one year $ 9,483 $ 9,011
Accounts payable and accrued liabilities 38,335 38,514
Advanced billings and customer deposits 3,909 4,266
Dividends payable 1,912 1,989
Liabilities held for sale 6,636 —
Total current liabilities 60,275 53,780
Long-Term Debt 150,144 127,089
Deferred Credits and Other Noncurrent Liabilities
Noncurrent deferred tax liabilities 61,551 58,312
Postemployment benefit obligation 8,100 8,478
Operating lease liabilities 18,520 18,943
Other noncurrent liabilities 22,521 25,104
Total deferred credits and other noncurrent liabilities 110,692 110,837
Redeemable Noncontrolling Interest 2,006 2,001
Stockholders’ Equity
Preferred stock — —
Common stock 7,621 7,621
Additional paid-in capital 106,239 106,533
Retained earnings 19,265 15,768
Treasury stock (25,268) (18,529)
Accumulated other comprehensive income (loss) (1,082) (860)
Noncontrolling interest 15,979 15,958
Total stockholders’ equity 122,754 126,491
Total Liabilities and Stockholders’ Equity $ 445,871 $ 420,198
2
AT&T Inc.
Financial Data
Consolidated Statements of Cash Flows
Dollars in millions
Unaudited Nine-Month Period
2026 2025
Operating Activities
Income from continuing operations $ 10,563 $ 19,230
Adjustments to reconcile income from continuing operations to net cash provided by
operating activities from continuing operations:
Depreciation and amortization 14,910 15,758
Provision for uncollectible accounts 1,817 1,592
Asset impairments and abandonments and restructuring 3,658 504
Pension and postretirement benefit expense (credit) (1,187) (1,191)
Net (gain) loss on investments (277) (5,722)
Changes in operating assets and liabilities:
Receivables (903) (613)
Equipment installment receivables and related sales (1,016) 806
Contract asset and cost deferral (617) (482)
Inventories, prepaid and other current assets (823) (1,952)
Accounts payable and other accrued liabilities (1,253) (2,029)
Changes in income taxes 3,209 2,609
Postretirement claims and contributions (364) (593)
Other - net 1,198 1,047
Total adjustments 18,352 9,734
Net Cash Provided by Operating Activities from Continuing Operations 28,915 28,964
Investing Activities
Capital expenditures (15,638) (14,061)
Acquisitions, net of cash acquired (25,677) (47)
Dispositions 858 439
(Purchases), sales and settlements of securities - net (1) 25
Other - net (1,062) (789)
Net Cash Used in Investing Activities from Continuing Operations (41,520) (14,433)
Financing Activities
Issuance of other short-term borrowings 3,000 —
Repayment of other short-term borrowings (3,000) —
Issuance of long-term debt 35,870 14,027
Repayment of long-term debt (10,172) (1,849)
Payment of vendor financing (1,148) (823)
Redemption of preferred stock — (2,075)
Purchase of treasury stock (7,472) (2,669)
Issuance of treasury stock 1 19
Issuance of preferred interests in subsidiary — 2,221
Dividends paid (5,923) (6,168)
Other - net (1,487) (292)
Net Cash Provided by Financing Activities from Continuing Operations 9,669 2,391
Net increase (decrease) in cash and cash equivalents and restricted cash from continuing operations (2,936) 16,922
Cash flows from Discontinued Operations:
Cash provided by operating activities 197 —
Cash used in investing activities (4,607) —
Cash used in financing activities — —
Net increase (decrease) in cash and cash equivalents and restricted cash from discontinued operations (4,410) —
Net increase (decrease) in cash and cash equivalents and restricted cash $ (7,346) $ 16,922
Cash and cash equivalents and restricted cash beginning of year 18,527 3,406
Cash and Cash Equivalents and Restricted Cash End of Period $ 11,181 $ 20,328
3
AT&T Inc.
Consolidated Supplementary Data
Supplementary Financial Data
Dollars in millions except per share amounts
Unaudited Third Quarter Percent Nine-Month Period Percent
2026 2025 Change 2026 2025 Change
Capital expenditures
Purchase of property and equipment $ 5,010 $ 4,843 3.4 % $ 15,496 $ 13,940 11.2 %
Interest during construction 51 44 15.9 % 142 121 17.4 %
Total Capital Expenditures $ 5,061 $ 4,887 3.6 % $ 15,638 $ 14,061 11.2 %
Acquisitions, net of cash acquired
Business acquisitions $ 11 $ — — % $ 1,702 $ — — %
Spectrum acquisitions 22,842 (13) — % 23,876 1 — %
Interest during construction - spectrum 99 12 — % 99 46 — %
Total Acquisitions $ 22,952 $ (1) — % $ 25,677 $ 47 — %
Cash paid for interest $ 1,990 $ 1,855 7.3 % $ 5,724 $ 5,171 10.7 %
Cash paid for income taxes, net of (refunds) $ 21 $ 17 23.5 % $ 112 $ 897 (87.5) %
Dividends Declared per Common Share $ 0.2775 $ 0.2775 — % $ 0.8325 $ 0.8325 — %
End of Period Common Shares Outstanding (000,000) 6,761 7,109 (4.9) %
Debt Ratio 56.1 % 52.0 % 410 BP
Total Employees 127,150 135,670 (6.3) %
4
ADVANCED CONNECTIVITY SEGMENT
The segment provides domestic 5G and fiber-based wireless, internet and other advanced connectivity services to consumer and business customers.
Segment Results
Dollars in millions
Unaudited Third Quarter Percent Nine-Month Period Percent
2026 2025 Change 2026 2025 Change
Operating Revenues
Wireless service
$ 17,764 $ 16,926 5.0 % $ 52,118 $ 50,430 3.3 %
Advanced home internet
2,975 2,411 23.4 % 8,700 6,908 25.9 %
Business fiber and advanced connectivity
1,992 1,832 8.7 % 5,820 5,356 8.7 %
Business transitional and other
1,023 1,198 (14.6) % 3,148 3,741 (15.9) %
Other service
148 162 (8.6) % 457 488 (6.4) %
Total Service Revenues
23,902 22,529 6.1 % 70,243 66,923 5.0 %
Equipment 5,579 4,974 12.2 % 16,324 15,269 6.9 %
Total Segment Operating Revenues 29,481 27,503 7.2 % 86,567 82,192 5.3 %
Operating Expenses
Operations and support 17,151 16,010 7.1 % 50,647 48,613 4.2 %
Depreciation and amortization 4,702 5,076 (7.4) % 14,094 15,084 (6.6) %
Total Segment Operating Expenses 21,853 21,086 3.6 % 64,741 63,697 1.6 %
Operating Income $ 7,628 $ 6,417 18.9 % $ 21,826 $ 18,495 18.0 %
Operating Income Margin 25.9 % 23.3 % 260 BP 25.2 % 22.5 % 270 BP
5
Supplementary Operating Data
Subscribers and connections in thousands
Unaudited September 30, Percent
2026 2025 Change
Retail Wireless Subscribers1
110,237 108,799 1.3 %
Phone
91,736 90,755 1.1 %
Postpaid phone
75,283 73,801 2.0 %
Prepaid phone
16,453 16,954 (3.0) %
Other
18,501 18,044 2.5 %
Third Quarter Percent Nine-Month Period Percent
2026 2025 Change 2026 2025 Change
Retail Wireless Net Adds1, 2
537 161 — % 1,244 744 67.2 %
Phone 358 322 11.2 % 1,016 993 2.3 %
Postpaid phone 379 405 (6.4) % 1,105 1,130 (2.2) %
Prepaid phone (21) (83) 74.7 % (89) (137) 35.0 %
Other 179 (161) — % 228 (249) — %
Phone churn3
1.19 % 1.24 % (5) BP 1.17 % 1.18 % (1) BP
Postpaid phone churn3
0.92 % 0.92 % — BP 0.89 % 0.87 % 2 BP
Prepaid phone churn3
2.41 % 2.63 % (22) BP 2.44 % 2.53 % (9) BP
1Wireless subscribers and net additions exclude customers with free lines provided under promotional pricing until such lines are converted to paying lines.
2Excludes migrations between wireless subscriber categories, including connected devices, and acquisition-related activity.
3Calculated by dividing the aggregate number of wireless subscribers who canceled service during a month by the total number of wireless subscribers at the beginning of that month. The churn rate for the period is equal to the average of the churn rate for each month of that period.
September 30, Percent
2026 2025 Change
Internet Connections
16,248 12,565 29.3 %
Fiber
13,310 10,789 23.4 %
AT&T Fiber
12,560 10,123 24.1 %
AT&T Business Fiber1
750 666 12.6 %
Fixed Wireless
2,938 1,776 65.4 %
AT&T Internet Air (AIA)
2,231 1,276 74.8 %
Business Fixed Wireless2
707 500 41.4 %
Third Quarter Percent Nine-Month Period Percent
2026 2025 Change 2026 2025 Change
Internet Net Adds3
769 613 25.4 % 1,999 1,638 22.0 %
Fiber 442 309 43.0 % 1,101 861 27.9 %
AT&T Fiber
416 288 44.4 % 1,033 792 30.4 %
AT&T Business Fiber1
26 21 23.8 % 68 69 (1.4) %
Fixed Wireless 327 304 7.6 % 898 777 15.6 %
AT&T Internet Air (AIA) 280 270 3.7 % 734 654 12.2 %
Business Fixed Wireless2
47 34 38.2 % 164 123 33.3 %
1Includes fiber broadband internet for businesses and excludes dedicated and ethernet fiber.
2Includes AT&T Internet Air for Business and historical fixed wireless services. Excludes integrated gateway wireless connections used for secondary or back-up connectivity.
3Excludes acquisition-related activity and the impact of customer disconnections resulting from the termination of AIA services in areas with unfavorable regulatory requirements in the first quarter of 2025.
6
LEGACY SEGMENT
The segment provides domestic legacy voice and data services to consumer and business customers over our copper-based network. Legacy segment results include revenues derived from copper-based services and direct operating costs.
Segment Results
Dollars in millions
Unaudited Third Quarter Percent Nine-Month Period Percent
2026 2025 Change 2026 2025 Change
Segment Operating Revenues $ 1,519 $ 2,013 (24.5) % $ 4,919 $ 6,583 (25.3) %
Segment Operating Expenses
Operations and support 1,021 1,334 (23.5) % 3,286 3,926 (16.3) %
Depreciation and amortization — — — % — — — %
Total Operating Expenses 1,021 1,334 (23.5) % 3,286 3,926 (16.3) %
Operating Income $ 498 $ 679 (26.7) % $ 1,633 $ 2,657 (38.5) %
Operating Income Margin 32.8 % 33.7 % (90) BP 33.2 % 40.4 % (720) BP
7
LATIN AMERICA SEGMENT
The segment provides wireless services and equipment to customers in Mexico. We agreed to sell our Latin America business and applied held-for-sale accounting at September 30, 2026.
Segment Results
Dollars in millions
Unaudited Third Quarter Percent Nine-Month Period Percent
2026 2025 Change 2026 2025 Change
Operating Revenues
Wireless service $ 798 $ 696 14.7 % $ 2,331 $ 1,973 18.1 %
Wireless equipment 442 399 10.8 % 1,306 1,147 13.9 %
Total Segment Operating Revenues 1,240 1,095 13.2 % 3,637 3,120 16.6 %
Operating Expenses
Operations and support 1,004 896 12.1 % 2,954 2,527 16.9 %
Depreciation and amortization 191 177 7.9 % 580 482 20.3 %
Total Segment Operating Expenses 1,195 1,073 11.4 % 3,534 3,009 17.4 %
Operating Income $ 45 $ 22 — % $ 103 $ 111 (7.2) %
Operating Income Margin 3.6 % 2.0 % 160 BP 2.8 % 3.6 % (80) BP
Supplementary Operating Data
Subscribers and connections in thousands
Unaudited September 30, Percent
2026 2025 Change
Mexico Wireless Subscribers
Postpaid 7,939 6,423 23.6 %
Prepaid 15,317 17,508 (12.5) %
Reseller 77 218 (64.7) %
Total Mexico Wireless Subscribers 23,333 24,149 (3.4) %
Third Quarter Percent Nine-Month Period Percent
2026 2025 Change 2026 2025 Change
Mexico Wireless Net Additions
Postpaid 482 243 98.4 % 1,188 586 — %
Prepaid (512) 68 — % (2,413) 22 — %
Reseller (72) (5) — % (122) (35) — %
Total Mexico Wireless Net Additions (102) 306 — % (1,347) 573 — %
8
SUPPLEMENTAL INFORMATION - ADVANCED CONNECTIVITY
We provide supplemental information on our advanced consumer and business customer relationships in the following tables as the product lifecycles in these customer categories influence the growth trajectories of Advanced Connectivity segment results.
Consumer Results
Dollars in millions
Unaudited Third Quarter Percent Nine-Month Period Percent
2026 2025 Change 2026 2025 Change
Operating Revenues
Wireless service
$ 15,283 $ 14,594 4.7 % $ 44,859 $ 43,523 3.1 %
Advanced home internet
2,975 2,411 23.4 % 8,700 6,908 25.9 %
Other service
148 162 (8.6) % 457 488 (6.4) %
Total Service Revenues
18,406 17,167 7.2 % 54,016 50,919 6.1 %
Equipment 4,642 4,107 13.0 % 13,513 12,626 7.0 %
Total Operating Revenues 23,048 21,274 8.3 % 67,529 63,545 6.3 %
Operating Expenses
Operations and support 12,735 11,573 10.0 % 37,558 35,240 6.6 %
Depreciation and amortization 2,973 3,069 (3.1) % 8,971 9,136 (1.8) %
Total Operating Expenses 15,708 14,642 7.3 % 46,529 44,376 4.9 %
Operating Income $ 7,340 $ 6,632 10.7 % $ 21,000 $ 19,169 9.6 %
Operating Income Margin 31.8 % 31.2 % 60 BP 31.1 % 30.2 % 90 BP
Business Results
Dollars in millions
Unaudited Third Quarter Percent Nine-Month Period Percent
2026 2025 Change 2026 2025 Change
Operating Revenues
Wireless service
$ 2,481 $ 2,332 6.4 % $ 7,259 $ 6,907 5.1 %
Fiber and advanced connectivity
1,992 1,832 8.7 % 5,820 5,356 8.7 %
Transitional and other service
1,023 1,198 (14.6) % 3,148 3,741 (15.9) %
Total Service Revenues
5,496 5,362 2.5 % 16,227 16,004 1.4 %
Equipment 937 867 8.1 % 2,811 2,643 6.4 %
Total Operating Revenues 6,433 6,229 3.3 % 19,038 18,647 2.1 %
Operating Expenses
Operations and support 4,416 4,437 (0.5) % 13,089 13,373 (2.1) %
Depreciation and amortization 1,729 2,007 (13.9) % 5,123 5,948 (13.9) %
Total Operating Expenses 6,145 6,444 (4.6) % 18,212 19,321 (5.7) %
Operating Income (Loss) $ 288 $ (215) — % $ 826 $ (674) — %
Operating Income Margin 4.5 % (3.5) % 800 BP 4.3 % (3.6) % 790 BP
9
SUPPLEMENTAL SEGMENT RECONCILIATION
Three Months Ended
Dollars in millions
Unaudited
September 30, 2026
Advanced Connectivity Legacy Latin America Total Segment Corporate & Other AT&T Inc.
Operating Revenues
Wireless service $ 17,764 $ — $ 798 $ 18,562 $ — $ 18,562
Consumer
15,283
Business
2,481
Advanced home internet 2,975 — — 2,975 — 2,975
Business fiber and advanced connectivity 1,992 — — 1,992 — 1,992
Business transitional and other 1,023 — — 1,023 — 1,023
Other service 148 1,519 — 1,667 82 1,749
Total Service 23,902 1,519 798 26,219 82 26,301
Equipment 5,579 — 442 6,021 — 6,021
Operating Revenues 29,481 1,519 1,240 32,240 82 32,322
Operating Expenses
Operations and support expenses
17,151 1,021 1,004 19,176 657 19,833
Asset impairments and abandonments and restructuring — — — — 3,372 3,372
Transaction, legal and other costs — — — — 44 44
Depreciation and amortization 4,702 — 191 4,893 85 4,978
Operating Expenses 21,853 1,021 1,195 24,069 4,158 28,227
Operating Income (Loss) $ 7,628 $ 498 $ 45 $ 8,171 $ (4,076) $ 4,095
Total other income (expense) (1,399)
Income from continuing operations before income tax $ 2,696
September 30, 2025
Advanced Connectivity Legacy Latin America Total Segment Corporate & Other AT&T Inc.
Operating Revenues
Wireless service $ 16,926 $ — $ 696 $ 17,622 $ — $ 17,622
Consumer
14,594
Business
2,332
Advanced home internet 2,411 — — 2,411 — 2,411
Business fiber and advanced connectivity 1,832 — — 1,832 — 1,832
Business transitional and other 1,198 — — 1,198 — 1,198
Other service 162 2,013 — 2,175 98 2,273
Total Service 22,529 2,013 696 25,238 98 25,336
Equipment 4,974 — 399 5,373 — 5,373
Operating Revenues 27,503 2,013 1,095 30,611 98 30,709
Operating Expenses
Operations and support expenses 16,010 1,334 896 18,240 546 18,786
Asset impairments and abandonments and restructuring — — — — — —
Transaction, legal and other costs — — — — 487 487
Depreciation and amortization 5,076 — 177 5,253 64 5,317
Operating Expenses 21,086 1,334 1,073 23,493 1,097 24,590
Operating Income (Loss) $ 6,417 $ 679 $ 22 $ 7,118 $ (999) $ 6,119
Total other income (expense) 4,534
Income from continuing operations before income tax $ 10,653
10
SUPPLEMENTAL SEGMENT RECONCILIATION
Nine Months Ended
Dollars in millions
Unaudited
September 30, 2026
Advanced Connectivity Legacy Latin America Total Segment Corporate & Other AT&T Inc.
Operating Revenues
Wireless service $ 52,118 $ — $ 2,331 $ 54,449 $ — $ 54,449
Consumer
44,859
Business
7,259
Advanced home internet 8,700 — — 8,700 — 8,700
Business fiber and advanced connectivity 5,820 — — 5,820 — 5,820
Business transitional and other 3,148 — — 3,148 — 3,148
Other service 457 4,919 — 5,376 263 5,639
Total Service 70,243 4,919 2,331 77,493 263 77,756
Equipment 16,324 — 1,306 17,630 — 17,630
Operating Revenues 86,567 4,919 3,637 95,123 263 95,386
Operating Expenses
Operations and support expenses
50,647 3,286 2,954 56,887 1,801 58,688
Asset impairments and abandonments and restructuring — — — — 3,658 3,658
Transaction, legal and other costs — — — — 339 339
Depreciation and amortization 14,094 — 580 14,674 236 14,910
Operating Expenses 64,741 3,286 3,534 71,561 6,034 77,595
Operating Income (Loss) $ 21,826 $ 1,633 $ 103 $ 23,562 $ (5,771) $ 17,791
Total other income (expense) (3,875)
Income from continuing operations before income tax $ 13,916
September 30, 2025
Advanced Connectivity Legacy Latin America Total Segment Corporate & Other AT&T Inc.
Operating Revenues
Wireless service $ 50,430 $ — $ 1,973 $ 52,403 $ — $ 52,403
Consumer
43,523
Business
6,907
Advanced home internet 6,908 — — 6,908 — 6,908
Business fiber and advanced connectivity 5,356 — — 5,356 — 5,356
Business transitional and other 3,741 — — 3,741 — 3,741
Other service 488 6,583 — 7,071 287 7,358
Total Service 66,923 6,583 1,973 75,479 287 75,766
Equipment 15,269 — 1,147 16,416 — 16,416
Operating Revenues 82,192 6,583 3,120 91,895 287 92,182
Operating Expenses
Operations and support expenses
48,613 3,926 2,527 55,066 1,865 56,931
Asset impairments and abandonments and restructuring — — — — 504 504
Transaction, legal and other costs — — — — 615 615
Depreciation and amortization 15,084 — 482 15,566 192 15,758
Operating Expenses 63,697 3,926 3,009 70,632 3,176 73,808
Operating Income (Loss) $ 18,495 $ 2,657 $ 111 $ 21,263 $ (2,889) $ 18,374
Total other income (expense) 4,368
Income from continuing operations before income tax $ 22,742
11
EX-99.3 — EX-99.3 DISCUSSION AND RECONCILIATION OF NON-GAAP MEASURES
EX-99.3
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Document
Discussion and Reconciliation of Non-GAAP Measures
We believe the following measures are relevant and useful information to investors as they are part of AT&T's internal management reporting and planning processes and are important metrics that management uses to evaluate the operating performance of AT&T and its segments. Management also uses these measures as a method of comparing performance with that of many of our competitors. These measures should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with U.S. generally accepted accounting principles (GAAP).
On February 2, 2026, we closed our transaction with Lumen Technologies, Inc. (Lumen) and acquired substantially all of Lumen’s Mass Markets fiber business. The acquisition included customer relationships, which we include with our advanced home internet services, and fiber network assets that were placed in a wholly owned subsidiary, Forged Fiber 37 Services, LLC (Forged Fiber). Upon acquisition, we initially sought an equity partner to co-invest in Forged Fiber and have since agreed to sell a controlling interest in the business. As such, Forged Fiber met the criteria of held-for-sale and accordingly is reflected as discontinued operations in the accompanying financial statements. The information below refers only to our continuing operations and does not include discussion of balances or activity of Forged Fiber.
Free Cash Flow
Free cash flow is defined as cash from operations minus cash flows related to our DIRECTV equity investment that was sold in July 2025, minus capital expenditures and cash paid for vendor financing (classified as financing activities). Free cash flow after dividends is defined as cash from operations minus cash flows related to our DIRECTV equity investment, capital expenditures, cash paid for vendor financing and dividends on common and preferred shares. Free cash flow dividend payout ratio is defined as the percentage of dividends paid on common and preferred shares to free cash flow. We believe these metrics provide useful information to our investors because management views free cash flow as an important indicator of how much cash is generated by routine business operations, including capital expenditures and vendor financing, and makes decisions based on it. Management also views free cash flow as a measure of cash available to pay debt and return cash to shareowners.
Free Cash Flow and Free Cash Flow Dividend Payout Ratio
Dollars in millions
Third Quarter Nine-Month Period
2026 2025 2026 2025
Net Cash Provided by Operating Activities from Continuing Operations
$ 10,519 $ 10,152 $ 28,915 $ 28,964
Less: Distributions from DIRECTV classified as operating activities — — — (1,926)
Less: Cash taxes paid on DIRECTV — — — 251
Less: Capital expenditures (5,061) (4,887) (15,638) (14,061)
Less: Payment of vendor financing (505) (400) (1,148) (823)
Free Cash Flow 4,953 4,865 12,129 12,405
Less: Dividends paid (1,950) (2,033) (5,923) (6,168)
Free Cash Flow after Dividends $ 3,003 $ 2,832 $ 6,206 $ 6,237
Free Cash Flow Dividend Payout Ratio 39.4 % 41.8 % 48.8 % 49.7 %
Cash Paid for Capital Investment
In connection with capital improvements, we negotiate with some of our vendors to obtain favorable payment terms of 120 days or more, referred to as vendor financing, which are excluded from capital expenditures and reported in accordance with GAAP as financing activities. We present an additional view of cash paid for capital investment to provide investors with a comprehensive view of cash used to invest in our networks, product developments and support systems.
Cash Paid for Capital Investment
Dollars in millions
Third Quarter Nine-Month Period
2026 2025 2026 2025
Capital expenditures
$ (5,061) $ (4,887) $ (15,638) $ (14,061)
Payment of vendor financing
(505) (400) (1,148) (823)
Cash paid for Capital Investment $ (5,566) $ (5,287) $ (16,786) $ (14,884)
1
EBITDA
Our calculation of EBITDA, as presented, may differ from similarly titled measures reported by other companies. For AT&T, EBITDA excludes other income (expense) – net, and equity in net income (loss) of affiliates, as these do not reflect the operating results of our subscriber base or operations that are not under our control. Equity in net income (loss) of affiliates represents the proportionate share of the net income (loss) of affiliates in which we exercise significant influence, but do not control. Because we do not control these entities, management excludes these results when evaluating the performance of our primary operations. EBITDA also excludes interest expense and the provision for income taxes. Excluding these items eliminates the expenses associated with our capital and tax structures. Finally, EBITDA excludes depreciation and amortization in order to eliminate the impact of capital investments. EBITDA does not give effect to cash used for debt service requirements and thus does not reflect available funds for distributions, reinvestment or other discretionary uses. EBITDA is not presented as an alternative measure of operating results or cash flows from operations, as determined in accordance with GAAP.
These measures are used by management as a gauge of our success in acquiring, retaining and servicing subscribers because we believe these measures reflect AT&T's ability to generate and grow subscriber revenues while providing a high level of customer service in a cost-effective manner. Management also uses these measures as a method of comparing cash generation potential with that of many of its competitors. The financial and operating metrics which affect EBITDA include the key revenue and expense drivers for which management is responsible and upon which we evaluate performance.
There are material limitations to using these non-GAAP financial measures. EBITDA and EBITDA margin, as we have defined them, may not be comparable to similarly titled measures reported by other companies. Furthermore, these performance measures do not take into account certain significant items, including depreciation and amortization, interest expense, tax expense and equity in net income (loss) of affiliates. For market comparability, management analyzes performance measures that are similar in nature to EBITDA as we present it, and considering the economic effect of the excluded expense items independently as well as in connection with its analysis of net income as calculated in accordance with GAAP. EBITDA and EBITDA margin should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with GAAP.
EBITDA and Adjusted EBITDA
Dollars in millions
Third Quarter Nine-Month Period
2026 2025 2026 2025
Income from Continuing Operations
$ 1,306 $ 9,677 $ 10,563 $ 19,230
Additions:
Income Tax Expense 1,390 976 3,353 3,512
Interest Expense 1,979 1,700 5,675 5,013
Equity in Net (Income) Loss of Affiliates 10 20 80 (1,905)
Other (Income) Expense - Net (590) (6,254) (1,880) (7,476)
Depreciation and amortization 4,978 5,317 14,910 15,758
EBITDA 9,073 11,436 32,701 34,132
Transaction, legal and other costs
44 487 339 615
Benefit-related (gain) loss 16 (62) (60) (126)
Asset impairments and abandonments and restructuring 3,372 — 3,658 504
Adjusted EBITDA1
$ 12,505 $ 11,861 $ 36,638 $ 35,125
1See "Adjusting Items" section for additional discussion and reconciliation of adjusted items.
2
Segment EBITDA and EBITDA Margin
Dollars in millions
Third Quarter Nine-Month Period
2026 2025 2026 2025
Advanced Connectivity Segment
Operating Income $ 7,628 $ 6,417 $ 21,826 $ 18,495
Add: Depreciation and amortization 4,702 5,076 14,094 15,084
EBITDA $ 12,330 $ 11,493 $ 35,920 $ 33,579
Total Operating Revenues $ 29,481 $ 27,503 $ 86,567 $ 82,192
Operating Income Margin 25.9 % 23.3 % 25.2 % 22.5 %
EBITDA Margin 41.8 % 41.8 % 41.5 % 40.9 %
Legacy Segment
Operating Income $ 498 $ 679 $ 1,633 $ 2,657
Add: Depreciation and amortization — — — —
EBITDA $ 498 $ 679 $ 1,633 $ 2,657
Total Operating Revenues $ 1,519 $ 2,013 $ 4,919 $ 6,583
Operating Income Margin 32.8 % 33.7 % 33.2 % 40.4 %
EBITDA Margin 32.8 % 33.7 % 33.2 % 40.4 %
Latin America Segment
Operating Income
$ 45 $ 22 $ 103 $ 111
Add: Depreciation and amortization 191 177 580 482
EBITDA $ 236 $ 199 $ 683 $ 593
Total Operating Revenues $ 1,240 $ 1,095 $ 3,637 $ 3,120
Operating Income Margin 3.6 % 2.0 % 2.8 % 3.6 %
EBITDA Margin 19.0 % 18.2 % 18.8 % 19.0 %
Adjusting Items
Adjusting items include revenues and costs we consider non-operational in nature, including items arising from asset acquisitions or dispositions, including the amortization of intangible assets. While the expense associated with the amortization of certain wireless licenses and customer lists is excluded, the revenue of the acquired companies is reflected in the measure and that those assets contribute to revenue generation. We also adjust for net actuarial gains or losses associated with our pension and postemployment benefit plans due to the often-significant impact on our results (we immediately recognize this gain or loss in the income statement, pursuant to our accounting policy for the recognition of actuarial gains and losses). Consequently, our adjusted results reflect an expected return on plan assets rather than the actual return on plan assets, as included in the GAAP measure of income.
The tax impact of adjusting items is calculated using the adjusted effective tax rate during the quarter except for adjustments that, given their magnitude, can drive a change in the effective tax rate, in these cases we use the actual tax expense or combined marginal rate of approximately 25%.
3
Adjusting Items
Dollars in millions
Third Quarter Nine-Month Period
2026 2025 2026 2025
Operating Expenses
Transaction, legal and other costs1
$ 44 $ 487 $ 339 $ 615
Benefit-related (gain) loss 16 (62) (60) (126)
Asset impairments and abandonments and restructuring
3,372 — 3,658 504
Adjustments to Operations and Support Expenses 3,432 425 3,937 993
Amortization of intangible assets 80 10 221 28
Adjustments to Operating Expenses 3,512 435 4,158 1,021
Other
Equity in net income of DIRECTV
— — — (1,926)
Gain on sale of DIRECTV — (5,479) — (5,479)
Benefit-related (gain) loss, impairments of investments and other
(10) (99) (71) (224)
Adjustments to Income from Continuing Operations Before
Income Taxes
3,502 (5,143) 4,087 (6,608)
Tax impact of adjustments (34) 67 106 (266)
Tax-related items — 177 365 177
Adjustments to Income From Continuing Operations
$ 3,536 $ (5,387) $ 3,616 $ (6,519)
Preferred stock redemption gain
— — — (90)
Adjustments to Income From Continuing Operations
Attributable to Common Stock
$ 3,536 $ (5,387) $ 3,616 $ (6,609)
1Includes certain legal reserves and settlements that cover extended historical periods, novel theories of liability and/or are unpredictable in both magnitude and timing, and therefore are distinct and separate from normal, recurring legal matters. Such costs are presented net of expected insurance recoveries and are primarily associated with legacy legal matters and cybersecurity events.
Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted EBITDA, Adjusted EBITDA margin and Adjusted diluted EPS are non-GAAP financial measures calculated by excluding from operating revenues, operating expenses, other income (expense) and income tax expense, certain significant items that are non-operational or non-recurring in nature, including dispositions and merger integration and transaction costs, actuarial gains and losses, significant abandonments and impairments, benefit-related gains and losses, employee separation and other material gains and losses. Management believes that these measures provide relevant and useful information to investors and other users of our financial data in evaluating the effectiveness of our operations and underlying business trends.
Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted EBITDA, Adjusted EBITDA margin and Adjusted diluted EPS should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with GAAP. AT&T's calculation of Adjusted items, as presented, may differ from similarly titled measures reported by other companies.
4
Adjusted Operating Income, Adjusted Operating Income Margin,
Adjusted EBITDA and Adjusted EBITDA Margin
Dollars in millions
Third Quarter Nine-Month Period
2026 2025 2026 2025
Operating Income $ 4,095 $ 6,119 $ 17,791 $ 18,374
Adjustments to Operating Expenses 3,512 435 4,158 1,021
Adjusted Operating Income $ 7,607 $ 6,554 $ 21,949 $ 19,395
EBITDA $ 9,073 $ 11,436 $ 32,701 $ 34,132
Adjustments to Operations and Support Expenses 3,432 425 3,937 993
Adjusted EBITDA $ 12,505 $ 11,861 $ 36,638 $ 35,125
Total Operating Revenues $ 32,322 $ 30,709 $ 95,386 $ 92,182
Operating Income Margin 12.7 % 19.9 % 18.7 % 19.9 %
Adjusted Operating Income Margin 23.5 % 21.3 % 23.0 % 21.0 %
Adjusted EBITDA Margin 38.7 % 38.6 % 38.4 % 38.1 %
Adjusted Diluted EPS
Third Quarter Nine-Month Period
2026 2025 2026 2025
Diluted Earnings Per Share (EPS) From Continuing
Operations
$ 0.13 $ 1.29 $ 1.34 $ 2.51
Gain on sale of DIRECTV — (0.79) — (0.79)
Equity in net income of DIRECTV — — — (0.21)
Restructuring and impairments 0.50 — 0.53 0.05
Benefit-related, transaction, legal and other items
0.02 0.04 0.04 0.04
Tax-related items — — (0.05) —
Adjusted EPS $ 0.65 $ 0.54 $ 1.86 $ 1.60
Year-over-year growth - Adjusted 20.4 % 16.3 %
Weighted Average Common Shares Outstanding with
Dilution (000,000)
6,844 7,169 6,938 7,203
5
Net Debt to Adjusted EBITDA
Net Debt to EBITDA ratios are non-GAAP financial measures frequently used by investors and credit rating agencies and management believes these measures provide relevant and useful information to investors and other users of our financial data. Our Net Debt to Adjusted EBITDA ratio is calculated by dividing the Net Debt by the sum of the most recent four quarters Adjusted EBITDA. Net Debt is calculated by adding debt classified as held-for-sale related to our Mexico wireless business and subtracting cash and cash equivalents and deposits at financial institutions that are greater than 90 days (e.g., certificates of deposit and time deposits), from the sum of debt maturing within one year and long-term debt.
Net Debt to Adjusted EBITDA - 2026
Dollars in millions
Three Months Ended
Dec. 31, March 31, June 30, Sept. 30,
Four
Quarters
20251
20261
20261
2026
Adjusted EBITDA $ 11,236 $ 11,795 $ 12,338 $ 12,505 $ 47,874
End-of-period current debt 9,483
End-of-period long-term debt 150,144
Total End-of-Period Debt 159,627
Add: Mexico held-for-sale finance leases 1,209
Less: Cash and Cash Equivalents 10,767
Less: Time Deposits 250
Net Debt Balance 149,819
Annualized Net Debt to Adjusted EBITDA Ratio 3.13
1As reported in AT&T's Form 8-K filed July 22, 2026.
Net Debt to Adjusted EBITDA - 2025
Dollars in millions
Three Months Ended
Dec. 31, March 31, June 30, Sept. 30,
Four
Quarters
20241
20251
20251
20251
Adjusted EBITDA $ 10,791 $ 11,533 $ 11,731 $ 11,861 $ 45,916
End-of-period current debt 11,378
End-of-period long-term debt 128,090
Total End-of-Period Debt 139,468
Less: Cash and Cash Equivalents 20,272
Less: Time Deposits 350
Net Debt Balance 118,846
Annualized Net Debt to Adjusted EBITDA Ratio 2.59
1As reported in AT&T's Form 8-K filed July 22, 2026.
6
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v3.26.3
Cover
Oct. 21, 2026
Entity Information [Line Items]
Document Type
8-K
Document Period End Date
Oct. 21, 2026
Entity Registrant Name
AT&T INC.
Entity Incorporation, State or Country Code
DE
Entity File Number
001-08610
Entity Tax Identification Number
43-1301883
Entity Address, Address Line One
208 S. Akard St.
Entity Address, City or Town
Dallas
Entity Address, State or Province
TX
Entity Address, Postal Zip Code
75202
City Area Code
210
Local Phone Number
821-4105
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Entity Emerging Growth Company
false
Entity Central Index Key
0000732717
Amendment Flag
false
Common Shares (Par Value $1.00 Per Share)
Entity Information [Line Items]
Title of 12(b) Security
Common Shares (Par Value $1.00 Per Share)
Trading Symbol
T
Security Exchange Name
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of 5.000% Perpetual Preferred Stock, Series A
Entity Information [Line Items]
Title of 12(b) Security
Depositary Shares, each representing a 1/1000th interest in a share of 5.000% Perpetual Preferred Stock, Series A
Trading Symbol
T PRA
Security Exchange Name
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of 4.750% Perpetual Preferred Stock, Series C
Entity Information [Line Items]
Title of 12(b) Security
Depositary Shares, each representing a 1/1000th interest in a share of 4.750% Perpetual Preferred Stock, Series C
Trading Symbol
T PRC
Security Exchange Name
NYSE
AT&T Inc. 1.800% Global Notes due September 5, 2026
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 1.800% Global Notes due September 5, 2026
Trading Symbol
T 26D
Security Exchange Name
NYSE
AT&T Inc. 2.900% Global Notes due December 4, 2026
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 2.900% Global Notes due December 4, 2026
Trading Symbol
T 26A
Security Exchange Name
NYSE
AT&T Inc. Floating Rate Global Notes due September 16, 2027
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. Floating Rate Global Notes due September 16, 2027
Trading Symbol
T 27C
Security Exchange Name
NYSE
AT&T Inc. 1.600% Global Notes due May 19, 2028
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 1.600% Global Notes due May 19, 2028
Trading Symbol
T 28C
Security Exchange Name
NYSE
AT&T Inc. Floating Rate Global Notes due August 17, 2028
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. Floating Rate Global Notes due August 17, 2028
Trading Symbol
T 28E
Security Exchange Name
NYSE
AT&T Inc. 2.350% Global Notes due September 5, 2029
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 2.350% Global Notes due September 5, 2029
Trading Symbol
T 29D
Security Exchange Name
NYSE
AT&T Inc. 4.375% Global Notes due September 14, 2029
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 4.375% Global Notes due September 14, 2029
Trading Symbol
T 29B
Security Exchange Name
NYSE
AT&T Inc. 2.600% Global Notes due December 17, 2029
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 2.600% Global Notes due December 17, 2029
Trading Symbol
T 29A
Security Exchange Name
NYSE
AT&T Inc. 0.800% Global Notes due March 4, 2030
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 0.800% Global Notes due March 4, 2030
Trading Symbol
T 30B
Security Exchange Name
NYSE
AT&T Inc. 3.150% Global Notes due June 1, 2030
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 3.150% Global Notes due June 1, 2030
Trading Symbol
T 30C
Security Exchange Name
NYSE
AT&T Inc. 3.600% Global Notes due August 3, 2030
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 3.600% Global Notes due August 3, 2030
Trading Symbol
T 30E
Security Exchange Name
NYSE
AT&T Inc. 3.950% Global Notes due April 30, 2031
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 3.950% Global Notes due April 30, 2031
Trading Symbol
T 31F
Security Exchange Name
NYSE
AT&T Inc. 2.050% Global Notes due May 19, 2032
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 2.050% Global Notes due May 19, 2032
Trading Symbol
T 32A
Security Exchange Name
NYSE
AT&T Inc. 3.550% Global Notes due December 17, 2032
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 3.550% Global Notes due December 17, 2032
Trading Symbol
T 32
Security Exchange Name
NYSE
AT&T Inc. 3.600% Global Notes due June 1, 2033
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 3.600% Global Notes due June 1, 2033
Trading Symbol
T 33A
Security Exchange Name
NYSE
AT&T Inc. 5.200% Global Notes due November 18, 2033
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 5.200% Global Notes due November 18, 2033
Trading Symbol
T 33
Security Exchange Name
NYSE
AT&T Inc. 3.375% Global Notes due March 15, 2034
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 3.375% Global Notes due March 15, 2034
Trading Symbol
T 34
Security Exchange Name
NYSE
AT&T Inc. 4.150% Global Notes due August 3, 2034
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 4.150% Global Notes due August 3, 2034
Trading Symbol
T 34E
Security Exchange Name
NYSE
AT&T Inc. 4.300% Global Notes due November 18, 2034
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 4.300% Global Notes due November 18, 2034
Trading Symbol
T 34C
Security Exchange Name
NYSE
AT&T Inc. 2.450% Global Notes due March 15, 2035
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 2.450% Global Notes due March 15, 2035
Trading Symbol
T 35
Security Exchange Name
NYSE
AT&T Inc. 3.150% Global Notes due September 4, 2036
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 3.150% Global Notes due September 4, 2036
Trading Symbol
T 36A
Security Exchange Name
NYSE
AT&T Inc. 4.050% Global Notes due June 1, 2037
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 4.050% Global Notes due June 1, 2037
Trading Symbol
T 37B
Security Exchange Name
NYSE
AT&T Inc. 2.600% Global Notes due May 19, 2038
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 2.600% Global Notes due May 19, 2038
Trading Symbol
T 38C
Security Exchange Name
NYSE
AT&T Inc. 4.550% Global Notes due August 3, 2038
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 4.550% Global Notes due August 3, 2038
Trading Symbol
T 38D
Security Exchange Name
NYSE
AT&T Inc. 1.800% Global Notes due September 14, 2039
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 1.800% Global Notes due September 14, 2039
Trading Symbol
T 39B
Security Exchange Name
NYSE
AT&T Inc. 7.000% Global Notes due April 30, 2040
Entity Information [Line Items]
Title of 12(b) Security
AT&T Inc. 7.000% Global Notes due April 30, 2040
Trading Symbol
T 40
Security Exchange Name
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AT&T Inc. 4.250% Global Notes due June 1, 2043
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AT&T Inc. 4.250% Global Notes due June 1, 2043
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AT&T Inc. 4.875% Global Notes due June 1, 2044
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AT&T Inc. 4.875% Global Notes due June 1, 2044
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AT&T Inc. 5.050% Global Notes due August 3, 2045
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AT&T Inc. 5.050% Global Notes due August 3, 2045
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AT&T Inc. 4.000% Global Notes due June 1, 2049
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AT&T Inc. 4.000% Global Notes due June 1, 2049
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AT&T Inc. 4.250% Global Notes due March 1, 2050
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AT&T Inc. 4.250% Global Notes due March 1, 2050
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AT&T Inc. 3.750% Global Notes due September 1, 2050
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AT&T Inc. 3.750% Global Notes due September 1, 2050
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AT&T Inc. 7.050% Global Notes due August 3, 2052
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AT&T Inc. 7.050% Global Notes due August 3, 2052
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Security Exchange Name
NYSE
AT&T Inc. 5.350% Global Notes due November 1, 2066
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AT&T Inc. 5.350% Global Notes due November 1, 2066
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