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:	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	15,629)	15,378)	14,882)	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)
Prepaid revenues	2,517)	2,586)	2,625)	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)
Wholesale and other service revenues	685)	738)	734)	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)
Service revenues	18,831)	18,702)	18,241)	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)
Equipment revenues	3,996)	5,364)	3,465)	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)
Other revenues	280)	268)	251)	255)	257)	245)	230)	237)	247)	261)	262)	289)	367)	304)	261)	255)	298)	316)	242)	243)	221)
Revenues	23,107)	24,334)	21,957)	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)
Cost of services, exclusive of depreciation and amortization	(3,339)	(3,305)	(2,873)	(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)
Cost of equipment sales, exclusive of depreciation and amortization	(5,488)	(6,967)	(4,853)	(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)
Cost of revenues	(8,827)	(10,272)	(7,726)	(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)
Gross profit	14,280)	14,062)	14,231)	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)
Selling, general and administrative	(5,966)	(6,570)	(6,015)	(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)
Impairment expense	—)	—)	(278)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(477)	—)	—)	—)	—)	—)
Gain (loss) on disposal group held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(17)	42)	(16)	(1,071)	—)	—)	—)	—)	—)	—)
Depreciation and amortization	(3,817)	(3,756)	(3,408)	(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)
Operating income	4,497)	3,736)	4,530)	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)
Interest expense, net	(1,031)	(1,012)	(924)	(922)	(916)	(841)	(836)	(854)	(880)	(849)	(790)	(861)	(835)	(822)	(827)	(851)	(864)	(821)	(836)	(850)	(835)
Other income (expense), net	(132)	(89)	(78)	(11)	(46)	94)	7)	(8)	20)	12)	41)	6)	9)	2)	(3)	(21)	(11)	(13)	(60)	(1)	(125)
Other expense, net	(1,163)	(1,101)	(1,002)	(933)	(962)	(747)	(829)	(862)	(860)	(837)	(749)	(855)	(826)	(820)	(830)	(872)	(875)	(834)	(896)	(851)	(960)
Income (loss) before income taxes	3,334)	2,635)	3,528)	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)
Income tax (expense) benefit	(830)	(532)	(814)	(1,058)	(885)	(858)	(908)	(843)	(764)	(629)	(705)	(717)	(631)	(450)	57)	55)	(218)	193)	3)	(277)	(246)
Net income (loss)	2,504)	2,103)	2,714)	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)

The financial performance between March 2021 and March 2026 is characterized by a sustained expansion in service-based revenues and a significant trajectory of growth in operating profitability.

Revenue Stream Analysis: Postpaid revenues exhibit a consistent and strong upward trend, increasing from 10,303 million in March 2021 to 15,629 million by March 2026. This growth serves as the primary catalyst for total service revenues, which climbed from 14,192 million to 18,831 million over the period. Conversely, wholesale and other service revenues show a steady decline, falling from 1,538 million to 685 million. Prepaid revenues remained relatively stagnant, fluctuating within a narrow range between 2,351 million and 2,716 million.
Equipment Revenue and Cost Volatility: Equipment revenues display significant seasonal volatility, with pronounced peaks occurring every December. Despite these cyclical spikes, there is a general downward trend in equipment sales over the long term, although a substantial increase is observed in December 2024. The cost of equipment sales closely correlates with these revenue fluctuations, leading to periodic volatility in the total cost of revenues.
Operational Efficiency and Gross Profit: Gross profit has increased from 11,233 million in March 2021 to 14,280 million by March 2026. This expansion is supported by the growth in high-margin service revenues. Operating income has more than doubled, rising from 2,139 million to 4,497 million, despite a temporary contraction during the second quarter of 2022. Selling, general, and administrative expenses have remained relatively controlled, generally fluctuating between 4,800 million and 6,500 million.
Net Income and Bottom-Line Trends: Net income demonstrates a positive overall trend, growing from 933 million in March 2021 to 2,504 million in March 2026. A notable net loss was recorded in June 2022, but performance recovered strongly in subsequent quarters. The increase in net profitability is primarily driven by higher operating income, although it is partially offset by a gradual increase in net interest expenses, which rose from 835 million to 1,031 million over the analyzed timeframe.

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T-Mobile US Inc. (NASDAQ:TMUS)

Income StatementQuarterly Data

Income Statement
Quarterly Data