At&T (T) Invested Capital (2009 - 2026)
At&T (T) recorded Invested Capital of $270.39 billion in Q2 2026, up 6.6% from $253.71 billion a year earlier and up 2.4% from the prior quarter.
Powered by 
Analysis
At&T (T) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, At&T reported Invested Capital of $262.59 billion, up 8.6% from FY2024.
- Annual Invested Capital has a five-year compound annual growth rate of -4.8% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $241.78 billion in FY2024 (-5.1%), $254.77 billion in FY2023 (+5.1%), $242.35 billion in FY2022 (-32.6%) and $359.49 billion in FY2021 (+6.8%).
- The Q2 2026 figure is the highest quarterly Invested Capital since Q3 2022.
- On a year-over-year basis, Invested Capital has increased for five consecutive quarters, with growth averaging 2.6% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 8.6% in Q4 2025, against a decline of 37.6% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $264.03 billion (Q1 2026), $262.59 billion (Q4 2025) and $266.22 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 190.87 Bn | 155.27 Bn | 27.03 Bn | 270.43 Bn |
| 2 | T-Mobile US | 175.88 Bn | 160.63 Bn | 14.76 Bn | 140.89 Bn |
| 3 | At&T | 166.65 Bn | 114.60 Bn | 25.82 Bn | 270.39 Bn |
| 4 | Grupo Televisa, S.A.B | 142.49 Bn | 131.12 Bn | 318.12 Mn | 10.56 Bn |
| 5 | Comcast | 76.29 Bn | 40.54 Bn | - | 180.15 Bn |
| 6 | Chunghwa Telecom | 35.81 Bn | 31.66 Bn | 728.80 Mn | 11.79 Bn |
| 7 | EchoStar | 27.35 Bn | 18.48 Bn | 1.65 Bn | 31.63 Bn |
| 8 | AST SpaceMobile | 22.74 Bn | 23.25 Bn | 7.95 Mn | 5.37 Bn |
| 9 | Telefonica Brasil | 18.42 Bn | 12.42 Bn | 1.42 Bn | - |
| 10 | Bce | 18.40 Bn | 16.72 Bn | - | 47.68 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 270.39 Bn |
| Mar 31, 2026 | 264.03 Bn |
| Dec 31, 2025 | 262.59 Bn |
| Sep 30, 2025 | 266.22 Bn |
| Jun 30, 2025 | 253.71 Bn |
| Mar 31, 2025 | 246.02 Bn |
| Dec 31, 2024 | 241.78 Bn |
| Sep 30, 2024 | 245.29 Bn |
| Jun 30, 2024 | 249.95 Bn |
| Mar 31, 2024 | 251.38 Bn |
| Dec 31, 2023 | 254.77 Bn |
| Sep 30, 2023 | 255.86 Bn |
| Jun 30, 2023 | 259.36 Bn |
| Mar 31, 2023 | 245.83 Bn |
| Dec 31, 2022 | 242.35 Bn |
| Sep 30, 2022 | 273.46 Bn |
| Jun 30, 2022 | 271.26 Bn |
| Mar 31, 2022 | 394.11 Bn |
| Dec 31, 2021 | 359.49 Bn |
| Sep 30, 2021 | 360.46 Bn |
API Access
At&T Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=T&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "T", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=T&period=max&api_key=YOUR_API_KEY");
const data = await res.json();