Operating Income for AT&T (T)
According to AT&T's latest reported financial statements, the company's current operating income (TTM) is $24.49B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
T
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$24.49B
YoY change
-0.4%
5Y CAGR
-1.2%
Peak year (2013)
$30.48B
Cumulative operating income
$532.92B
Operating Income history chart for AT&T (T) from 1985 to 2025
Operating Income history table for AT&T (T) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $24.16B | -0.4% | ||
| 2024 | $24.26B | -2.0% | ||
| 2023 | $24.77B | -640.0% | ||
| 2022 | -$4.59B | -117.7% | ||
| 2021 | $25.90B | +0.7% | ||
| 2020 | $25.72B | -15.3% | ||
| 2019 | $30.38B | +11.3% | ||
| 2018 | $27.29B | +16.1% | ||
| 2017 | $23.51B | -9.1% | ||
| 2016 | $25.87B | -3.1% | ||
| 2015 | $26.71B | +92.6% | ||
| 2014 | $13.87B | -54.5% | ||
| 2013 | $30.48B | +134.5% | ||
| 2012 | $13.00B | +7.2% | ||
| 2011 | $12.13B | -38.0% | ||
| 2010 | $19.57B | -6.8% | ||
| 2009 | $21.00B | -12.6% | ||
| 2008 | $24.04B | +10.9% | ||
| 2007 | $21.68B | +96.0% | ||
| 2006 | $11.06B | +57.6% | ||
| 2005 | $7.02B | +18.9% | ||
| 2004 | $5.90B | -6.1% | ||
| 2003 | $6.28B | -25.5% | ||
| 2002 | $8.44B | -19.7% | ||
| 2001 | $10.51B | +0.4% | ||
| 2000 | $10.47B | -9.7% | ||
| 1999 | $11.60B | +3.3% | ||
| 1998 | $11.22B | +47.6% | ||
| 1997 | $7.60B | +22.1% | ||
| 1996 | $6.23B | +21.6% | ||
| 1995 | $5.12B | +85.4% | ||
| 1994 | $2.76B | +17.0% | ||
| 1993 | $2.36B | +7.4% | ||
| 1992 | $2.20B | +3.0% | ||
| 1991 | $2.13B | +4.0% | ||
| 1990 | $2.05B | +1.9% | ||
| 1989 | $2.01B | +10.4% | ||
| 1988 | $1.82B | -12.3% | ||
| 1987 | $2.08B | -5.3% | ||
| 1986 | $2.20B | +3.5% | ||
| 1985 | $2.12B | — |
Operating Income values are taken from AT&T's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of AT&T (T) operating income is $24.16B – edged down 0.4% year-over-year.
AT&T operating income has contracted on net over the period, with a -1.2% compound annual growth rate over 2020–2025 (5 years).
AT&T operating income peaked at $30.48B in 2013; the latest annual figure is $24.16B in 2025 (20.7% below peak).
The highest annual operating income of $30.48B was reported in 2013. The lowest in the available history was -$4.59B in 2022.
Within Communication Services, AT&T (T) ranks 4th among 8 peers we track. The peer median for operating income is $19.71B.
AT&T Operating Income by Year
AT&T Operating Income 2025: $24.16B
AT&T operating income in 2025 was $24.16B, edged down 0.4% below 2024.
AT&T Operating Income 2024: $24.26B
AT&T operating income in 2024 was $24.26B, edged down 2.0% below 2023.
AT&T Operating Income 2023: $24.77B
AT&T operating income in 2023 was $24.77B, plunged 640.0% below 2022.
AT&T Operating Income 2022: -$4.59B
AT&T operating income in 2022 was -$4.59B, plunged 117.7% below 2021. This figure represents the lowest annual value in the available history.
AT&T Operating Income 2021: $25.90B
AT&T operating income in 2021 was $25.90B.
See more financial history for AT&T (T).
Sector peers — Operating Income
Companies in the same sector as AT&T, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $129.17B | Communication Services |
| Meta Platforms, Inc. (META) | $83.28B | Communication Services |
| Verizon Communications Inc. (VZ) | $29.26B | Communication Services |
| Comcast Corporation (CMCSA) | $20.67B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $18.74B | Communication Services |
| The Walt Disney Company (DIS) | $13.83B | Communication Services |
| Netflix, Inc. (NFLX) | $13.33B | Communication Services |
| Spotify Technology S.A. (SPOT) | $2.20B | Communication Services |
Frequently asked questions
What is AT&T's operating income?
- Latest reported operating income for AT&T (T) is $24.49B (period ending March 31, 2026).
How has AT&T operating income changed year-over-year?
- AT&T (T) operating income changed -0.4% year-over-year on the latest annual filing.
What is the long-term growth rate of AT&T operating income?
- AT&T (T) operating income compound annual growth rate is -1.2% over the most recent 5 years available.
When did AT&T operating income hit its highest annual value?
- AT&T operating income reached its highest annual value of $30.48B in 2013.
What was AT&T operating income in 2024?
- AT&T (T) operating income in 2024 was $24.26B.
What was AT&T operating income in 2025?
- AT&T (T) operating income in 2025 was $24.16B.
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