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.

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

US$ in millions

Microsoft Excel
3 months ended: 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) from continuing operations before income taxes
Income tax (expense) benefit
Net income (loss)

Based on: 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).

Overall revenue exhibited a generally positive trajectory throughout the observed period, although with some fluctuations. Service revenues consistently represented the largest component of total revenues, demonstrating steady growth over the timeframe. Equipment revenues were more volatile, while other revenues remained relatively stable, albeit at a smaller scale. Profitability, as indicated by gross profit and operating income, showed considerable variation, influenced by cost management and operational efficiency.

Revenue Trends
Total revenues began at US$19.759 billion in March 2021 and generally increased, peaking at US$24.334 billion in December 2025. However, there were periods of decline, notably in the first half of 2022. Postpaid revenues consistently contributed the most significant portion of service revenues, showing a strong upward trend. Prepaid revenues remained relatively flat, with a slight increase towards the end of the period. Wholesale and other service revenues experienced a consistent decline throughout the observed timeframe.
Cost of Revenues and Gross Profit
Cost of revenues increased over the period, driven by both cost of services and cost of equipment sales. The increase in cost of equipment sales was particularly pronounced in certain quarters, correlating with fluctuations in equipment revenues. Gross profit mirrored the revenue trends, generally increasing but with periods of stagnation or decline. The gross profit margin fluctuated, suggesting changes in the cost structure relative to revenue.
Operating Income
Operating income demonstrated significant volatility. A substantial decrease was observed in the first half of 2021, followed by a recovery and peak in late 2022 and early 2023. Operating income then experienced a decline in 2024 and 2025, despite continued revenue growth, indicating potential pressures on operating expenses. Selling, general and administrative expenses remained relatively stable, with a noticeable increase in later periods. Depreciation and amortization remained consistent throughout the period.
Net Income
Net income followed a similar pattern to operating income, with fluctuations influenced by income tax expense. The company experienced a net loss in the second quarter of 2022. Income tax expense varied considerably, impacting the final net income figures. Other expenses, net, also contributed to the volatility in net income.

In summary, the financial performance demonstrated revenue growth, but profitability was subject to considerable variation due to cost management, tax implications, and other expenses. The trends suggest a dynamic operating environment requiring careful monitoring of both revenue streams and expense control.