Short answer
AT&T (T) filed its Q3 2025 10-Q quarterly report on Oct 31, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $30.7B (up 1.6% year over year) with net income of $9.3B.
Q3 2025 key 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%
- EPS (diluted)
- $1.29
- +4400.0% YoY · +111.5% QoQ
Source: XBRL data from the AT&T (T) Q3 2025 10-Q on SEC EDGAR. USD.
AT&T Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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