At&T (T) Operating Expenses (2009 - 2026)

At&T has disclosed Operating Expenses across 18 years of filings, most recently posting $24.8 billion for Q1 2026.

• In Q1 2026, Operating Expenses changed 0.1% year-over-year to $24.8 billion; the TTM figure through Mar 2026 stood at $101.5 billion (down 2.42% YoY), while the FY2025 annual figure was $101.5 billion, down 1.74% from the prior year.
• Operating Expenses fell to $24.8 billion in Q1 2026, from $27.7 billion in the prior quarter.
• Over the last five years, Operating Expenses for T reached as high as $52.4 billion in Q4 2022 and fell as low as $23.5 billion in Q2 2023.
• The 5-year median for Operating Expenses is $24.6 billion (2025), against an average of $26.7 billion.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 100.13% — and 2023, when it sank 48.98%.
• A 5-year view of Operating Expenses shows it stood at $52.4 billion in 2022, then slumped 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.
• According to Business Quant data, Operating Expenses over the past three periods registered $24.8 billion, $27.7 billion, and $24.6 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.