Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

T-Mobile US Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Postpaid revenues	14,078)	13,594)	13,502)	13,308)	12,899)	12,631)	12,472)	12,288)	12,070)	11,862)	11,725)	11,548)	11,445)	11,201)	10,963)	10,804)	10,492)	10,303)	10,251)	10,209)	9,959)	5,887)
Prepaid revenues	2,643)	2,643)	2,688)	2,716)	2,592)	2,403)	2,433)	2,473)	2,444)	2,417)	2,449)	2,484)	2,469)	2,455)	2,474)	2,481)	2,427)	2,351)	2,354)	2,383)	2,311)	2,373)
Wholesale and other service revenues	717)	688)	738)	701)	938)	1,062)	1,138)	1,153)	1,224)	1,267)	1,344)	1,329)	1,402)	1,472)	1,526)	1,437)	1,573)	1,538)	1,708)	1,547)	960)	453)
Service revenues	17,438)	16,925)	16,928)	16,725)	16,429)	16,096)	16,043)	15,914)	15,738)	15,546)	15,518)	15,361)	15,316)	15,128)	14,963)	14,722)	14,492)	14,192)	14,313)	14,139)	13,230)	8,713)
Equipment revenues	3,439)	3,704)	4,699)	3,207)	3,106)	3,251)	4,174)	3,076)	3,169)	3,719)	4,451)	3,855)	4,130)	4,694)	5,506)	4,660)	5,215)	5,346)	5,973)	4,953)	4,269)	2,117)
Other revenues	255)	257)	245)	230)	237)	247)	261)	262)	289)	367)	304)	261)	255)	298)	316)	242)	243)	221)	55)	180)	172)	283)
Revenues	21,132)	20,886)	21,872)	20,162)	19,772)	19,594)	20,478)	19,252)	19,196)	19,632)	20,273)	19,477)	19,701)	20,120)	20,785)	19,624)	19,950)	19,759)	20,341)	19,272)	17,671)	11,113)
Cost of services, exclusive of depreciation and amortization	(2,717)	(2,602)	(2,697)	(2,722)	(2,664)	(2,688)	(2,792)	(2,886)	(2,916)	(3,061)	(3,167)	(3,712)	(4,060)	(3,727)	(3,521)	(3,538)	(3,491)	(3,384)	(3,827)	(3,314)	(3,098)	(1,639)
Cost of equipment sales, exclusive of depreciation and amortization	(4,659)	(4,798)	(6,088)	(4,307)	(4,088)	(4,399)	(5,608)	(4,249)	(4,088)	(4,588)	(5,504)	(4,982)	(5,108)	(5,946)	(6,931)	(5,145)	(5,453)	(5,142)	(5,825)	(4,367)	(3,667)	(2,529)
Cost of revenues	(7,376)	(7,400)	(8,785)	(7,029)	(6,752)	(7,087)	(8,400)	(7,135)	(7,004)	(7,649)	(8,671)	(8,694)	(9,168)	(9,673)	(10,452)	(8,683)	(8,944)	(8,526)	(9,652)	(7,681)	(6,765)	(4,168)
Gross profit	13,756)	13,486)	13,087)	13,133)	13,020)	12,507)	12,078)	12,117)	12,192)	11,983)	11,602)	10,783)	10,533)	10,447)	10,333)	10,941)	11,006)	11,233)	10,689)	11,591)	10,906)	6,945)
Selling, general and administrative	(5,397)	(5,488)	(5,352)	(5,186)	(5,142)	(5,138)	(5,280)	(5,334)	(5,272)	(5,425)	(5,577)	(5,118)	(5,856)	(5,056)	(5,398)	(5,212)	(4,823)	(4,805)	(4,758)	(4,876)	(5,604)	(3,688)
Impairment expense	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(477)	—)	—)	—)	—)	—)	—)	—)	(418)	—)
Gain (loss) on disposal group held for sale	—)	—)	—)	—)	—)	—)	—)	—)	(17)	42)	(16)	(1,071)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Depreciation and amortization	(3,146)	(3,198)	(3,149)	(3,151)	(3,248)	(3,371)	(3,318)	(3,187)	(3,110)	(3,203)	(3,262)	(3,313)	(3,491)	(3,585)	(3,872)	(4,145)	(4,077)	(4,289)	(4,219)	(4,150)	(4,064)	(1,718)
Operating income	5,213)	4,800)	4,586)	4,796)	4,630)	3,998)	3,480)	3,596)	3,793)	3,397)	2,747)	1,281)	709)	1,806)	1,063)	1,584)	2,106)	2,139)	1,712)	2,565)	820)	1,539)
Interest expense, net	(922)	(916)	(841)	(836)	(854)	(880)	(849)	(790)	(861)	(835)	(822)	(827)	(851)	(864)	(821)	(836)	(850)	(835)	(790)	(806)	(833)	(272)
Other income (expense), net	(11)	(46)	94)	7)	(8)	20)	12)	41)	6)	9)	2)	(3)	(21)	(11)	(13)	(60)	(1)	(125)	(101)	(99)	(195)	(10)
Other expense, net	(933)	(962)	(747)	(829)	(862)	(860)	(837)	(749)	(855)	(826)	(820)	(830)	(872)	(875)	(834)	(896)	(851)	(960)	(891)	(905)	(1,028)	(282)
Income (loss) from continuing operations before income taxes	4,280)	3,838)	3,839)	3,967)	3,768)	3,138)	2,643)	2,847)	2,938)	2,571)	1,927)	451)	(163)	931)	229)	688)	1,255)	1,179)	821)	1,660)	(208)	1,257)
Income tax (expense) benefit	(1,058)	(885)	(858)	(908)	(843)	(764)	(629)	(705)	(717)	(631)	(450)	57)	55)	(218)	193)	3)	(277)	(246)	(71)	(407)	(2)	(306)
Income (loss) from continuing operations	3,222)	2,953)	2,981)	3,059)	2,925)	2,374)	2,014)	2,142)	2,221)	1,940)	1,477)	508)	(108)	713)	422)	691)	978)	933)	750)	1,253)	(210)	951)
Income from discontinued operations, net of tax	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	320)	—)
Net income (loss)	3,222)	2,953)	2,981)	3,059)	2,925)	2,374)	2,014)	2,142)	2,221)	1,940)	1,477)	508)	(108)	713)	422)	691)	978)	933)	750)	1,253)	110)	951)

Revenues: Postpaid revenues showed a steady and continuous increase throughout the periods, rising from 5,887 million USD in March 2020 to 14,078 million USD in December 2025. Prepaid revenues remained relatively stable with slight fluctuations, generally hovering around 2,400 to 2,700 million USD. Wholesale and other service revenues exhibited a declining trend, decreasing from 453 million USD in March 2020 to a low of 688 million USD by September 2025, with some minor recoveries.; Overall service revenues increased steadily, moving from 8,713 million USD in March 2020 to 17,438 million USD in December 2025. Equipment revenues, conversely, displayed volatility with several peaks and troughs, peaking at 6,174 million USD in December 2021 but trending downward afterward to 3,439 million USD by December 2025. Other revenues fluctuated irregularly but showed a mild overall increase, rising from 283 million USD to 255 million USD near the end of the timeline.; Total revenues fluctuated, initially increasing to 20,785 million USD in December 2021, then experiencing some declines and recoveries, ending at 21,132 million USD in December 2025. This suggests growth in core service revenue was somewhat offset by decreases in equipment and wholesale revenue components.
Costs and Gross Profit: Cost of services (exclusive of depreciation and amortization) steadily increased from -1,639 million USD in March 2020 to a peak near -4,060 million USD by June 2022, then generally decreased towards -2,717 million USD in December 2025. Similarly, the cost of equipment sales showed a sharp increase early on, peaking at -6,931 million USD in December 2021, before falling back to -4,659 million USD by December 2025.; The total cost of revenues followed the pattern of rising costs initially, hitting the highest at -10,452 million USD in December 2021, but then reduced to -7,376 million USD by December 2025. Correspondingly, gross profit displayed initial growth with a plateau around 12,000 million USD from 2022 onwards, ultimately increasing to approximately 13,756 million USD in December 2025.
Operating Expenses and Income: Selling, general and administrative expenses remained relatively stable but high, fluctuating roughly between -3,680 million USD to -5,400 million USD throughout the periods. Impairment expenses and losses on disposal, present sporadically, suggest occasional write-downs or asset disposals impacting operating results temporarily.; Depreciation and amortization expenses showed a decreasing trend from -4,150 million USD in late 2020 to stabilizing near -3,146 million USD by the end of 2025. Operating income saw considerable improvement over time, rising from 1,539 million USD in March 2020 to 5,213 million USD in December 2025, indicating enhanced profitability despite fluctuations in other expenses.
Interest and Other Expenses: Interest expense remained consistently negative, generally around -800 to -900 million USD, slightly increasing near the end of the timeline. Other income and expenses exhibited volatility with occasional positive and negative values, but net other expenses remained fairly consistent around -700 to -900 million USD, indicating stable financing and ancillary costs.
Net Income and Taxation: Income from continuing operations before income taxes fluctuated, with a negative value in June 2020, but generally increased thereafter, reaching over 4,000 million USD by late 2025. Income tax expense was also volatile with occasional tax benefits, but on balance, tax expenses increased in magnitude over time.; The resulting income from continuing operations and net income followed similar positive trends, improving from a loss or low positive earnings in early periods to over 3,000 million USD in net income by December 2025. Net income reflected the underlying growth and improved profitability reflected in revenues and operating income.

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T-Mobile US Inc. (NASDAQ:TMUS)

Income Statement Quarterly Data

Income Statement
Quarterly Data