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FCF Margin for AT&T (T)

As of · Reported

Metric

TTM

13.7%

YoY change

+0.34pp

Trough year (2000)

2.3%

Peak year (2003)

20.5%

FCF Margin history chart for AT&T (T) from 1989 to 2025

Latest: 15.5%

FCF Margin change chart for AT&T (T) from 1989 to 2025

Latest: +0.34pp

FCF Margin history table for AT&T (T) from 1989 to 2025

  • 202515.5%+0.34pp
  • 202415.1%-1.58pp
  • 202316.7%+6.45pp
  • 202210.3%-8.70pp
  • 202119.0%+2.99pp
  • 202016.0%-0.15pp
  • 201916.1%+2.76pp
  • 201813.4%+2.56pp
  • 201710.8%-0.07pp
  • 201610.9%-0.47pp
  • 201511.4%+3.69pp
  • 20147.7%-3.10pp
  • 201310.8%-4.71pp
  • 201215.5%+4.00pp
  • 201111.5%-0.97pp
  • 201012.4%-2.13pp
  • 200914.6%+3.24pp
  • 200811.3%-2.43pp
  • 200713.8%+2.18pp
  • 200611.6%-5.34pp
  • 200516.9%+2.53pp
  • 200414.4%-6.11pp
  • 200320.5%+0.87pp
  • 200219.6%+11.74pp
  • 20017.9%+5.59pp
  • 20002.3%-10.38pp
  • 199912.7%+7.36pp
  • 19985.3%+2.51pp
  • 19972.8%-4.34pp
  • 19967.1%-0.63pp
  • 19957.8%-5.97pp
  • 199413.7%+2.48pp
  • 199311.3%-3.43pp
  • 199214.7%+3.25pp
  • 199111.4%+1.63pp
  • 19909.8%-4.89pp
  • 198914.7%—

FCF Margin values are taken from AT&T's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at AT&T (T)

According to AT&T's latest reported financial statements, the company's latest reported free cash flow margin is 13.7%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

AT&T (T) most recent annual free cash flow margin stands at 15.47% (2025) – expanded 0.3 percentage points year-over-year.

The record annual free cash flow margin stands at 20.49%, reached in 2003; the historical low of 2.29% was recorded in 2000.

AT&T FCF Margin by Year

AT&T FCF Margin 2025: 15.5%

AT&T free cash flow margin in 2025 was 15.47%, expanded 0.3 percentage points from 2024.

AT&T FCF Margin 2024: 15.1%

2024's free cash flow margin for AT&T came in at 15.13%, contracted 1.6 percentage points from 2023.

AT&T FCF Margin 2023: 16.7%

AT&T posted free cash flow margin of 16.71% in 2023, expanded 6.4 percentage points from 2022.

AT&T FCF Margin 2022: 10.3%

In 2022, AT&T reported free cash flow margin of 10.27%, contracted 8.7 percentage points from 2021.

AT&T FCF Margin 2021: 19.0%

AT&T free cash flow margin in 2021 was 18.97%.

See more financial history for AT&T (T).

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Communication Services peers of AT&T (T), ranked by their latest free cash flow margin

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