v3.25.4
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Total revenues $ 88,309 $ 81,400 $ 78,558
Operating expenses      
Selling, general and administrative 23,470 20,818 21,311
Gain on disposal group held for sale 0 0 (25)
Impairment expense 278 0 0
Depreciation and amortization 13,508 12,919 12,818
Total operating expenses 70,030 63,390 64,292
Operating income 18,279 18,010 14,266
Other expense, net      
Interest expense, net (3,774) (3,411) (3,335)
Other (expense) income, net (224) 113 68
Total other expense, net (3,998) (3,298) (3,267)
Income before income taxes 14,281 14,712 10,999
Income tax expense (3,289) (3,373) (2,682)
Net income 10,992 11,339 8,317
Other comprehensive income, net of tax      
Reclassification of loss from cash flow hedges, net of tax effect of $65, $60 and $56 190 176 163
(Losses) gains on fair value hedges, net of tax effect of $(64), $5 and $0 (187) 16 0
Unrealized (loss) gain on foreign currency translation adjustment, net of tax effect of $0, $0 and $0 (1) 0 9
Actuarial gain (loss), net of amortization and reclassification, on pension and other postretirement benefits, net of tax effect of $2, $(29) and $(31) 7 (85) (90)
Other comprehensive income 9 107 82
Total comprehensive income $ 11,001 $ 11,446 $ 8,399
Earnings per share      
Basic (in USD per share) $ 9.75 $ 9.70 $ 7.02
Diluted (in USD per share) $ 9.72 $ 9.66 $ 6.93
Weighted-average shares outstanding      
Basic (in shares) 1,127,984,348 1,169,195,373 1,185,121,562
Diluted (in shares) 1,131,076,251 1,173,213,898 1,200,286,264
Service      
Revenues      
Total revenues $ 71,306 $ 66,178 $ 63,241
Operating expenses      
Cost of services, exclusive of depreciation and amortization shown separately below 11,497 10,771 11,655
Postpaid revenues      
Revenues      
Total revenues 57,932 52,340 48,692
Prepaid revenues      
Revenues      
Total revenues 10,497 10,399 9,767
Wholesale and other service revenues      
Revenues      
Total revenues 2,877 3,439 4,782
Equipment revenues      
Revenues      
Total revenues 15,972 14,263 14,138
Operating expenses      
Cost of services, exclusive of depreciation and amortization shown separately below 21,277 18,882 18,533
Other revenues      
Revenues      
Total revenues $ 1,031 $ 959 $ 1,179