T AT&T

FY2025 10-K
Filed: Feb 9, 2026
Communication Services
Telephone Communications (No Radiotelephone)SEC EDGAR

AT&T (T) filed its fiscal year 2025 10-K annual report with the SEC on Feb 9, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business: Telecommunications services including wireless, broadband, and video entertainment delivery
  • New segment emphasis: Sale of DIRECTV Entertainment Holdings LLC completed in 2024 per Securities Purchase Agreement
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Management Discussion & Analysis

  • Revenue $125.6B, up 2.7% YoY; Communications $120.9B (up 2.8%), Latin America $4.4B (up 3.5%)
  • Operating margin 19.2% in 2025 vs 15.6% in 2024; operating income $24.2B up 26.8% YoY
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Risk Factors

  • FCC and state regulatory risks from broadband/wireless deployment rulings could impede cost recovery and lessen investment incentives
  • Political instability and currency fluctuations in Mexico increase exposure in AT&T’s largest international market
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Financial Summary
XBRL

Revenue

$125.6B

Net Income

$22.0B

Operating Margin

19.2%

Net Margin

17.5%

ROE

17.4%

Total Assets

$420.2B

EPS (Diluted)

$3.04

Operating Cash Flow

$40.3B

Source: XBRL data from AT&T FY2025 10-K filing on SEC EDGAR. All figures in USD.

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