Stock Analysis on Net
Stock Analysis on Net

T-Mobile US Inc. (NASDAQ:TMUS)

$24.99

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

Microsoft Excel
3 months ended: Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 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
Postpaid revenues
Prepaid revenues
Wholesale and other service revenues
Service revenues
Equipment revenues
Other revenues
Revenues
Cost of services, exclusive of depreciation and amortization
Cost of equipment sales, exclusive of depreciation and amortization
Cost of revenues
Gross profit
Selling, general and administrative
Impairment expense
Gain (loss) on disposal group held for sale
Depreciation and amortization
Operating income
Interest expense, net
Other income (expense), net
Other expense, net
Income (loss) before income taxes
Income tax (expense) benefit
Net income (loss)

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


Revenue growth is primarily driven by the sustained expansion of the postpaid segment, which has consistently increased from $10.3 billion in March 2021 to $15.8 billion by June 2026. This growth is contrasted by a significant and steady decline in wholesale and other service revenues, which fell from $1.5 billion to $657 million over the same period. Service revenues overall have trended upward, moving from $14.2 billion to approximately $19.0 billion, while equipment revenues have exhibited high seasonality with periodic spikes in the fourth quarter of each year, though the general baseline has trended lower than 2021 levels.

Profitability and Margin Expansion
Gross profit has demonstrated a consistent upward trajectory, rising from $11.2 billion in March 2021 to $14.7 billion in June 2026. This expansion is supported by improved cost management in service delivery; the cost of services, exclusive of depreciation and amortization, decreased from $3.3 billion to $2.9 billion despite the substantial increase in service revenue volumes.
Operating Performance
Operating income showed significant volatility between 2021 and 2022, reaching a low of $709 million in June 2022. However, a strong recovery phase began in 2023, with operating income climbing to $5.49 billion by June 2026. This improvement indicates a successful scaling of operations and a reduction in the relative impact of selling, general, and administrative expenses compared to total revenue.
Net Income and Financing Costs
Net income transitioned from a volatile period, including a quarterly loss of $108 million in June 2022, to a period of stable growth, culminating in $3.2 billion in June 2026. This growth occurred despite a gradual increase in net interest expenses, which rose from $835 million in March 2021 to $1.05 billion by June 2026.
Expense Trends
Depreciation and amortization expenses remained relatively stable throughout the analysis period, fluctuating between $3.1 billion and $4.2 billion. Selling, general, and administrative expenses showed a gradual increase, peaking at $6.57 billion in September 2025 before moderating slightly, suggesting an increase in operational overhead to support the growing subscriber base.