AT&T (T) Q3 2025 10-Q Quarterly Report

Filed: Oct 31, 2025Period ending Sep 30, 2025

Communication Services

Telephone Communications (No Radiotelephone)SEC EDGAR

AT&T (T) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 31, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AT&T Q3 2025 10-Q Analysis

Management Discussion & Analysis

• Revenue $30.7B Q3 2025, up 1.6% YoY from $30.2B Q3 2024; 9-month revenue $92.2B, up 2.4% YoY from $90.0B
• Operating margin 19.9% Q3 2025 vs 7.0% Q3 2024; 9-month margin 19.9% vs 15.2% YoY
• Best performing: Consumer Wireline operating income margin 9.1% Q3 2025 vs 5.7% YoY; worst: Business Wireline loss margin (8.3)% vs (0.9)%
• Cash $20.3B at Sept 30, 2025, up $17.0B from Dec 31, 2024; operating cash flow $28.96B, up from $26.88B YoY; Capex $14.06B YTD
• Management expects continued fiber build, strategic spectrum acquisitions; noted increased competition impacting Mobility churn; tax rate down to 9.2% Q3 from 89.9% YoY due to DIRECTV sale gains and impairments

Risk Factors

• No new or changed risk factors reported for Q3 2025 versus 2024 10-K
• Continued exposure to competitive pressure in telecommunications and media markets
• Regulatory compliance risks related to FCC and DOJ requirements persist without update
• Operational reliance on network infrastructure remains critical for service delivery
• Financial risks include substantial debt load and liquidity management from prior disclosures

AT&T Q3 2025 Quarterly Financials
XBRL

Revenue

$30.7B

▲ +1.6% YoY▼ -0.4% QoQ

Net Income

$9.3B

▲ +5452.9% YoY▲ +107.0% QoQ

Operating Margin

19.9%

▲ +1292bp YoY▼ -115bp QoQ

Net Margin

30.3%

▲ +3091bp YoY▲ +1574bp QoQ

ROE

7.3%

Total Assets

$423.2B

EPS (Diluted)

$1.29

▲ +4400.0% YoY▲ +111.5% QoQ

Operating Cash Flow

$10.2B

▼ -0.8% YoY▲ +4.0% QoQ

Source: XBRL data from AT&T Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

Other AT&T Quarterly Reports

Q2 2025 10-Q

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