T-Mobile
Runs nationwide wireless networks alongside 5G home internet and fiber broadband.
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Profile
Sells postpaid and prepaid wireless service, 5G home internet, fiber broadband, devices and wholesale network access across the United States and its territories. Most service revenue comes from postpaid customers, while Deutsche Telekom controls the voting stock and Lumos and Metronet joint ventures supply the fiber networks.
Runs a nationwide wireless and broadband network serving consumers, businesses and wholesale partners across the United States, Puerto Rico and the U.S. Virgin Islands. Postpaid plans, including T-Mobile for Business and 5G Home Internet, generate most service revenue; Metro by T-Mobile, Mint Mobile and Ultra Mobile cover prepaid customers. Device and accessory sales add equipment revenue.
Pairs low-, mid- and high-band spectrum with a standalone 5G network, while the acquired UScellular wireless operations add customers, spectrum and a rural footprint. T-Mobile Fiber sells service over Lumos and Metronet networks operated through noncontrolling joint ventures, with T-Mobile retaining the customer relationships. Deutsche Telekom holds voting control, and operations depend on licensed spectrum, network investment, telecommunications regulation and coordination with fiber joint-venture partners.
Company facts
Categories
Key statistics
Year to date −9.1% · Average volume (30d) 4.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | Wolfe Research | Downgrade | Outperform | Peer Perform | ||
| Jul 24, 2026 | Scotiabank | Target | $243 | $232 | ||
| Jul 24, 2026 | Deutsche Bank | Target | $285 | $250 | ||
| Jul 24, 2026 | UBS | Reiterate | Buy | $255 | $235 | |
| Jul 24, 2026 | Williams Trading | Target | $261 | $260 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $2.59 | $2.99 | +15.4% | $22.95B | $22.79B | −0.7% | +5.67% |
| Apr 28, 2026Q1 FY26 | $2.01 | $2.28 | +13.4% | $22.98B | $23.11B | +0.5% | +6.13% |
| Feb 11, 2026Q4 FY25 | $2.05 | $1.88 | −8.3% | $24.17B | $24.33B | +0.7% | +2.45% |
| Oct 23, 2025Q3 FY25 | $2.40 | $2.59 | +7.9% | $21.91B | $21.96B | +0.2% | −1.01% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $20.89B | $21.13B | $21.96B | $24.33B | $23.11B | $22.79B | |
| Gross profit | $13.49B | $13.76B | $10.82B | $10.34B | $14.28B | $14.76B | |
| Operating income | $4.80B | $5.21B | $4.86B | $3.86B | $4.50B | $5.49B | |
| Net income | $2.95B | $3.22B | $2.71B | $2.10B | $2.50B | $3.24B | |
| Diluted EPS | $2.58 | $2.84 | $2.41 | $1.88 | $2.27 | $2.99 | |
| Gross margin | 64.6% | 65.1% | 49.3% | 42.5% | 61.8% | 64.8% | |
| Operating margin | 23.0% | 24.7% | 22.1% | 15.9% | 19.5% | 24.1% |
Fiscal years (4-quarter sums)FY21 $80.12B · FY22 $79.57B · FY23 $78.56B · FY24 $81.40B · FY25 $88.31B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.83B · Total debt $116.00B · Total assets $213.55B · Shareholders' equity $56.27B
Dividends
Raised for 2 straight years — most recently to $1.02 from $0.88 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 28, 2026 | Aug 28 | Sep 10 | $1.02 | |
| May 29, 2026 | May 29 | Jun 11 | $1.02 | |
| Feb 27, 2026 | Feb 27 | Mar 12 | $1.02 | |
| Nov 26, 2025 | Nov 26 | Dec 11 | $1.02 | raised from $0.88 |
| Aug 29, 2025 | Aug 29 | Sep 11 | $0.88 | |
| May 30, 2025 | May 30 | Jun 12 | $0.88 | |
| Feb 28, 2025 | Feb 28 | Mar 13 | $0.88 | |
| Nov 27, 2024 | Nov 27 | Nov 28 | $0.88 | raised from $0.65 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 1.07B · Float 486.28M · 45.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Deutsche Telekom AG | 592.07M | 53.70% | 13D | Mar 23, 2026 |
| BlackRock, Inc. | 39.50M | 3.68% | 13F | Aug 7, 2026 |
| Invesco Ltd. | 31.88M | 2.97% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 29.36M | 2.74% | 13F | Aug 13, 2026 |
| Price T Rowe Associates Inc /MD/ | 25.48M | 2.38% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 21, 2026 | Jon Freier | officer: Chief Operating Officer | −4,799 | $190.00 |
| May 1, 2026 | Michael J. Katz | officer: Chief Bus. and Prod. Officer | −5,000 | $195.81 |
| May 1, 2026 | Andre Almeida | officer: Chief Broadband, Ent. & Emerg | +5,097 | $196.18 |
| Mar 10, 2026 | Srikant M. Datar | director | −1,000 | $218.25 |
| Mar 4, 2026 | Srikant M. Datar | director | −3,291 | $221.10 |
Peers
- Verizon
Largest U.S. carrier; direct rival in postpaid, enterprise, and FWA broadband.
- AT&T
Fiber+wireless convergence player; FirstNet public-safety edge in enterprise.
- Charter Communications
#1 U.S. MVNO by lines; Spectrum Mobile bundles wireless with broadband cheaply.
- Comcast
Xfinity Mobile MVNO bundles wireless with Comcast broadband at a discount.
- EchoStar
Boost Mobile MVNO in bankruptcy; ~7.5M prepaid subs on AT&T; failed 4th carrier.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| T-Mobile | $181.32 | −0.06% | $194.55B | 19.0 | 14.4 | 2.1 | +7.9% |
| Verizon | $49.91 | −0.34% | $209.20B | 13.0 | 9.8 | 1.5 | −0.7% |
| AT&T | $25.98 | −0.08% | $178.16B | 8.6 | 10.7 | 1.4 | +2.3% |
| Charter Communications | $153.50 | −0.04% | $20.70B | 4.0 | 3.6 | 0.4 | −1.7% |
| Comcast | $27.08 | +0.09% | $96.03B | 8.8 | 7.7 | 0.8 | −1.2% |
| EchoStar | $86.98 | −5.04% | $25.07B | — | 38.3 | 1.7 | −5.2% |
| Median | 8.7 | 9.8 | 1.4 | −1.2% |