OpenNashEarnings

Telecom · Nasdaq: TMUS

T-Mobile US earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 10 Feb 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

T-Mobile reported Service revenues of $19.4 billion up 6% year-over-year, Net income of $3.5 billion up 27%, Diluted EPS of $3.22 up 34%, and Core Adjusted EBITDA of $9.6 billion up 11%.

T-Mobile added 274 thousand postpaid net accounts and raised postpaid ARPA 4% to $155.73. Service revenues rose 6% to $19.4 billion, net income rose 27% to $3.5 billion and diluted EPS rose 34% to $3.22. Core Adjusted EBITDA grew 11% to $9.6 billion. Operating cash flow slipped 2% to $7.3 billion, but lower capital spending lifted Adjusted Free Cash Flow 5% to $5.1 billion.

Read the Q3 2026 summary →Official transcript (PDF) ↗

Quarters

KPI history

Revenue$23.6B+7.4% y/yQ3 2026
Q4 2024: $21.9B (worked out from the annual figure)Q4 ’24$21.9BQ1 2025: $20.9BQ1 ’25$20.9BQ2 2025: $21.1BQ2 ’25$21.1BQ3 2025: $22.0BQ3 ’25$22.0BQ4 2025: $24.3B (worked out from the annual figure)Q4 ’25$24.3BQ1 2026: $23.1BQ1 ’26$23.1BQ2 2026: $22.8BQ2 ’26$22.8BQ3 2026: $23.6BQ3 ’26$23.6B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$21.9B *
Q1 2025$20.9B
Q2 2025$21.1B
Q3 2025$22.0B
Q4 2025$24.3B *
Q1 2026$23.1B
Q2 2026$22.8B
Q3 2026$23.6B
Diluted EPS (GAAP)$3.22+33.6% y/yQ3 2026
Q1 2025: $2.58Q1 ’25$2.58Q2 2025: $2.84Q2 ’25$2.84Q3 2025: $2.41Q3 ’25$2.41Q1 2026: $2.27Q1 ’26$2.27Q2 2026: $2.99Q2 ’26$2.99Q3 2026: $3.22Q3 ’26$3.22
Data
Q1 2025$2.58
Q2 2025$2.84
Q3 2025$2.41
Q1 2026$2.27
Q2 2026$2.99
Q3 2026$3.22

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin24.0%+3.4 pts y/yQ3 2026
Q4 2024: 21.0%Q4 ’2421.0%Q1 2025: 23.0%Q1 ’2523.0%Q2 2025: 24.7%Q2 ’2524.7%Q3 2025: 20.6%Q3 ’2520.6%Q4 2025: 15.4%Q4 ’2515.4%Q1 2026: 19.5%Q1 ’2619.5%Q2 2026: 24.1%Q2 ’2624.1%Q3 2026: 24.0%Q3 ’2624.0%
Data
Q4 202421.0%
Q1 202523.0%
Q2 202524.7%
Q3 202520.6%
Q4 202515.4%
Q1 202619.5%
Q2 202624.1%
Q3 202624.0%
Free cash flow$5.1B+5.3% y/yQ3 2026
Q4 2024: $3.3BQ4 ’24$3.3BQ1 2025: $4.4BQ1 ’25$4.4BQ2 2025: $4.6BQ2 ’25$4.6BQ3 2025: $4.8BQ3 ’25$4.8BQ4 2025: $4.2BQ4 ’25$4.2BQ1 2026: $4.6BQ1 ’26$4.6BQ2 2026: $4.8BQ2 ’26$4.8BQ3 2026: $5.1BQ3 ’26$5.1B
Data
Q4 2024$3.3B
Q1 2025$4.4B
Q2 2025$4.6B
Q3 2025$4.8B
Q4 2025$4.2B
Q1 2026$4.6B
Q2 2026$4.8B
Q3 2026$5.1B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$21.9Bd$20.9B$21.1B$22.0B$24.3Bd$23.1B$22.8B$23.6B
Operating income$4.6Bd$4.8B$5.2B$4.5B$3.7Bd$4.5B$5.5B$5.7B
Operating margin21.0%23.0%24.7%20.6%15.4%19.5%24.1%24.0%
Net income$3.0Bd$3.0B$3.2B$2.7B$2.1Bd$2.5B$3.2B$3.5B
Diluted EPS—$2.58$2.84$2.41—$2.27$2.99$3.22
Operating cash flow$5.5Bd$6.8B$7.0B$7.5B$6.7Bd$7.2B$7.5B$7.3B
Capital expenditure$2.2Bd$2.5B$2.4B$2.6B$2.5Bd$2.6B$2.7B$2.3B
Free cash flow$3.3B$4.4B$4.6B$4.8B$4.2B$4.6B$4.8B$5.1B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings