AT&T (T) Revenue — Quarter Ended Sep 30, 2025
Revenue declined slightly from the prior quarter. Compared with the same period a year earlier, revenue rose.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue declined slightly from the prior quarter. Compared with the same period a year earlier, revenue rose.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$30.7B
Revenue reported for this quarter.
Quarter-over-quarter
-0.4%
Change from the immediately preceding quarter.
Year-over-year
+1.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$124.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $32.3B | +0.9% |
| Mar 31, 2025 | $30.6B | +2.0% |
| Jun 30, 2025 | $30.8B | +3.5% |
| Sep 30, 2025 | $30.7B | +1.6% |
Revenue performance
Operating revenues decreased compared with the immediately preceding quarter, driven by a decline in the Communications segment.
Quarterly comparison
When measured against the same quarter one year earlier, total operating revenues increased, with both Communications and Latin America contributing to the gain.
What to watch
Cash and cash equivalents were elevated in anticipation of announced transactions, as noted in the liquidity discussion.