v3.26.3
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Total revenues $ 23,584 $ 21,957 $ 69,482 $ 63,975
Operating expenses        
Selling, general and administrative 6,020 6,015 17,820 16,900
Impairment expense 0 278 0 278
Depreciation and amortization 3,452 3,408 10,703 9,752
Total operating expenses 17,923 17,427 53,834 49,432
Operating income 5,661 4,530 15,648 14,543
Other expense, net        
Interest expense, net (1,031) (924) (3,117) (2,762)
Other expense, net (90) (78) (329) (135)
Total other expense, net (1,121) (1,002) (3,446) (2,897)
Income before income taxes 4,540 3,528 12,202 11,646
Income tax expense (1,085) (814) (3,004) (2,757)
Net income 3,455 2,714 9,198 8,889
Other comprehensive income (loss), net of tax        
Reclassification of loss from cash flow hedges, net of tax effect of $18, $16, $52 and $48 52 48 152 141
Gains (losses) on fair value hedges, net of tax effect of $9, $(7), $45 and $(55) 27 (20) 133 (160)
Unrealized gain (loss) on foreign currency translation adjustment, net of tax effect of $1, $0, $1 and $0 1 0 10 (1)
Prior service cost, net of amortization, and amortization of actuarial gain, on pension and other postretirement benefits, net of tax effect of $(13), $0, $(14) and $(1) (40) (1) (42) (4)
Other comprehensive income (loss) 40 27 253 (24)
Total comprehensive income $ 3,495 $ 2,741 $ 9,451 $ 8,865
Earnings per share        
Basic (in USD per share) $ 3.23 $ 2.42 $ 8.49 $ 7.84
Diluted (in USD per share) $ 3.22 $ 2.41 $ 8.47 $ 7.82
Weighted-average shares outstanding        
Basic (in shares) 1,070,648,134 1,123,754,096 1,084,089,790 1,133,743,367
Diluted (in shares) 1,071,630,434 1,126,627,708 1,085,476,683 1,136,920,521
Service        
Revenues        
Total revenues $ 19,375 $ 18,241 $ 57,189 $ 52,604
Operating expenses        
Cost of services, exclusive of depreciation and amortization shown separately below 3,007 2,873 9,324 8,192
Postpaid revenues        
Revenues        
Total revenues 16,269 14,882 47,751 42,554
Prepaid revenues        
Revenues        
Total revenues 2,427 2,625 7,417 7,911
Wholesale and other service revenues        
Revenues        
Total revenues 679 734 2,021 2,139
Equipment revenues        
Revenues        
Total revenues 3,929 3,465 11,449 10,608
Operating expenses        
Cost of services, exclusive of depreciation and amortization shown separately below 5,444 4,853 15,987 14,310
Other revenues        
Revenues        
Total revenues $ 280 $ 251 $ 844 $ 763