v3.25.2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Revenues $ 21,132 $ 19,772 $ 42,018 $ 39,366
Operating expenses        
Selling, general and administrative 5,397 5,142 10,885 10,280
Depreciation and amortization 3,146 3,248 6,344 6,619
Total operating expenses 15,919 15,142 32,005 30,738
Operating income 5,213 4,630 10,013 8,628
Other expense, net        
Interest expense, net 922 854 1,838 1,734
Other (expense) income, net (11) (8) (57) 12
Total other expense, net (933) (862) (1,895) (1,722)
Income before income taxes 4,280 3,768 8,118 6,906
Income tax expense (1,058) (843) (1,943) (1,607)
Net income 3,222 2,925 6,175 5,299
Other comprehensive income (loss), net of tax        
Reclassification of loss from cash flow hedges, net of tax effect of $16, $15, $32 and $30 47 43 93 86
Gains (losses) on fair value hedges, net of tax effect of $13, $(10), $(48) and $(10) 37 (30) (140) (30)
Unrealized loss on foreign currency translation adjustment, net of tax effect of $0, $0, $0 and $0 (1) 0 (1) 0
Amortization of actuarial gain, net of tax effect of $(1), $(1), $(1) and $(3) (2) (4) (3) (9)
Other comprehensive income (loss) 81 9 (51) 47
Total comprehensive income $ 3,303 $ 2,934 $ 6,124 $ 5,346
Earnings per share        
Basic (in USD per share) $ 2.84 $ 2.50 $ 5.43 $ 4.50
Diluted (in USD per share) $ 2.84 $ 2.49 $ 5.42 $ 4.49
Weighted-average shares outstanding        
Basic (in shares) 1,132,760,465 1,170,025,862 1,136,627,715 1,177,662,179
Diluted (in shares) 1,134,846,966 1,172,447,353 1,139,770,739 1,180,929,879
Service        
Revenues        
Revenues $ 17,438 $ 16,429 $ 34,363 $ 32,525
Operating expenses        
Cost of services, exclusive of depreciation and amortization shown separately below 2,717 2,664 5,319 5,352
Postpaid revenues        
Revenues        
Revenues 14,078 12,899 27,672 25,530
Prepaid revenues        
Revenues        
Revenues 2,643 2,592 5,286 4,995
Wholesale and other service revenues        
Revenues        
Revenues 717 938 1,405 2,000
Equipment revenues        
Revenues        
Revenues 3,439 3,106 7,143 6,357
Operating expenses        
Cost of services, exclusive of depreciation and amortization shown separately below 4,659 4,088 9,457 8,487
Other revenues        
Revenues        
Revenues $ 255 $ 237 $ 512 $ 484