v3.26.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenues $ 22,791 $ 21,132 $ 45,898 $ 42,018
Operating expenses        
Selling, general and administrative 5,834 5,397 11,800 10,885
Depreciation and amortization 3,434 3,146 7,251 6,344
Total operating expenses 17,301 15,919 35,911 32,005
Operating income 5,490 5,213 9,987 10,013
Other expense, net        
Interest expense, net (1,055) (922) (2,086) (1,838)
Other expense, net (107) (11) (239) (57)
Total other expense, net (1,162) (933) (2,325) (1,895)
Income before income taxes 4,328 4,280 7,662 8,118
Income tax expense (1,089) (1,058) (1,919) (1,943)
Net income 3,239 3,222 5,743 6,175
Other comprehensive income (loss), net of tax        
Reclassification of loss from cash flow hedges, net of tax effect of $17, $16, $34 and $32 50 47 100 93
Gains (losses) on fair value hedges, net of tax effect of $48, $13, $36 and $(48) 142 37 106 (140)
Unrealized gain (loss) on foreign currency translation adjustment, net of tax effect of $0, $0, $0 and $0 9 (1) 9 (1)
Amortization of actuarial gain, net of tax effect of $(1), $(1), $(1) and $(1) (1) (2) (2) (3)
Other comprehensive income (loss) 200 81 213 (51)
Total comprehensive income $ 3,439 $ 3,303 $ 5,956 $ 6,124
Earnings per share        
Basic (in USD per share) $ 2.99 $ 2.84 $ 5.26 $ 5.43
Diluted (in USD per share) $ 2.99 $ 2.84 $ 5.26 $ 5.42
Weighted-average shares outstanding        
Basic (in shares) 1,081,771,279 1,132,760,465 1,090,922,014 1,136,627,715
Diluted (in shares) 1,082,409,636 1,134,846,966 1,092,356,249 1,139,770,739
Service        
Revenues        
Total revenues $ 18,983 $ 17,438 $ 37,814 $ 34,363
Operating expenses        
Cost of services, exclusive of depreciation and amortization shown separately below 2,978 2,717 6,317 5,319
Postpaid revenues        
Revenues        
Total revenues 15,853 14,078 31,482 27,672
Prepaid revenues        
Revenues        
Total revenues 2,473 2,643 4,990 5,286
Wholesale and other service revenues        
Revenues        
Total revenues 657 717 1,342 1,405
Equipment revenues        
Revenues        
Total revenues 3,524 3,439 7,520 7,143
Operating expenses        
Cost of services, exclusive of depreciation and amortization shown separately below 5,055 4,659 10,543 9,457
Other revenues        
Revenues        
Total revenues $ 284 $ 255 $ 564 $ 512