At&T (T-PC) Operating Expenses (2009 - 2026)
At&T (T-PC) reported Operating Expenses of $24.8 billion for Q1 2026, little changed year-over-year from $24.9 billion in Q1 2025, and down 10.22% quarter-over-quarter from $27.7 billion in Q4 2025.
At&T (T-PC) Operating Expenses (2009 - 2026) Analysis & Trends
At&T (T-PC) has 18 years of Operating Expenses data on file, last reported at $24.8 billion in Q1 2026.
- Operating Expenses for Q1 2026 came in at $24.8 billion, changed 0.1% year-over-year; the trailing twelve-month figure through Mar 2026 was $101.5 billion (down 2.42% YoY), and the FY2025 annual result was $101.5 billion, down 1.74% from the prior year.
- Operating Expenses eased to $24.8 billion in Q1 2026 per T-PC's latest filing, from $27.7 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $52.4 billion in Q4 2022 and troughed at $23.5 billion in Q2 2023.
- A 5-year average of $26.7 billion and a median of $24.6 billion in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 100.13% in 2022, then tumbled 48.98% in 2023.
- A 5-year view of Operating Expenses shows it stood at $52.4 billion in 2022, then plunged by 48.98% to $26.8 billion in 2023, then gained by 0.83% to $27.0 billion in 2024, then climbed by 2.62% to $27.7 billion in 2025, then slipped by 10.22% to $24.8 billion in 2026.
- Business Quant data shows T-PC's Operating Expenses at $24.8 billion in Q1 2026, $27.7 billion in Q4 2025, and $24.6 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bce | 382.57 Bn | 381.58 Bn | - | -2.58 Bn |
| 2 | T-Mobile US | 195.94 Bn | 192.42 Bn | 17.62 Bn | 18.61 Bn |
| 3 | Verizon Communications | 190.78 Bn | 183.73 Bn | 27.94 Bn | 26.20 Bn |
| 4 | At&T | 159.64 Bn | 149.68 Bn | 25.25 Bn | 24.85 Bn |
| 5 | Telefonica Brasil | 146.21 Bn | 144.47 Bn | 1.32 Bn | -191.29 Mn |
| 6 | America Movil Sab De Cv | 128.31 Bn | 126.27 Bn | 10.13 Bn | 8.11 Bn |
| 7 | Chunghwa Telecom | 109.39 Bn | 107.21 Bn | 719.92 Mn | 305.28 Mn |
| 8 | Millicom International Cellular | 106.22 Bn | 104.67 Bn | - | -650.00 Mn |
| 9 | Veon | 82.81 Bn | 80.59 Bn | - | -533.00 Mn |
| 10 | At&T | - | - | 25.25 Bn | 24.85 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.85 Bn |
| Dec 31, 2025 | 27.68 Bn |
| Sep 30, 2025 | 24.59 Bn |
| Jun 30, 2025 | 24.35 Bn |
| Mar 31, 2025 | 24.87 Bn |
| Dec 31, 2024 | 26.97 Bn |
| Sep 30, 2024 | 28.10 Bn |
| Jun 30, 2024 | 24.04 Bn |
| Mar 31, 2024 | 24.18 Bn |
| Dec 31, 2023 | 26.75 Bn |
| Sep 30, 2023 | 24.57 Bn |
| Jun 30, 2023 | 23.51 Bn |
| Mar 31, 2023 | 24.14 Bn |
| Dec 31, 2022 | 52.44 Bn |
| Sep 30, 2022 | 24.03 Bn |
| Jun 30, 2022 | 24.69 Bn |
| Mar 31, 2022 | 24.18 Bn |
| Dec 31, 2021 | 26.20 Bn |
| Sep 30, 2021 | 25.09 Bn |
| Jun 30, 2021 | 28.17 Bn |