At&T (T) Operating Expenses (2009 - 2026)
At&T's (T) quarterly Operating Expenses came in at $24.5 billion in Q2 2026, up 0.71% year-over-year from $24.3 billion in Q2 2025, and down 1.32% quarter-over-quarter from $24.8 billion in Q1 2026.
Analysis
At&T (T) Operating Expenses (2009 - 2026) Analysis & Trends
At&T (T) has reported Operating Expenses for 18 consecutive years, with $24.5 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 0.71% year-over-year to $24.5 billion in Q2 2026; TTM through Jun 2026 was $101.6 billion, a 2.54% decrease from a year earlier, with the FY2025 full-year figure at $101.5 billion, down 1.74% from the prior year.
- Operating Expenses was $24.5 billion for Q2 2026 at At&T, down from $24.8 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 $26.6 billion and a median of $24.6 billion in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 100.13% in 2022 and plunged 48.98% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $52.4 billion in 2022, then sank by 48.98% to $26.8 billion in 2023, then rose by 0.83% to $27.0 billion in 2024, then advanced by 2.62% to $27.7 billion in 2025, then declined by 11.41% to $24.5 billion in 2026.
- The last three Operating Expenses figures came in at $24.5 billion (Q2 2026), $24.8 billion (Q1 2026), and $27.7 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 208.28 Bn | 207.80 Bn | 27.03 Bn | 27.07 Bn |
| 2 | T-Mobile US | 195.10 Bn | 192.28 Bn | 17.74 Bn | 17.30 Bn |
| 3 | At&T | 175.90 Bn | 174.32 Bn | 25.25 Bn | 24.52 Bn |
| 4 | Chunghwa Telecom | 34.00 Bn | 31.91 Bn | 728.80 Mn | 309.31 Mn |
| 5 | Rogers Communications | 20.60 Bn | 23.90 Bn | 1.77 Bn | 152.54 Mn |
| 6 | Telefonica Brasil | 18.63 Bn | 16.94 Bn | 1.42 Bn | -203.00 Mn |
| 7 | Telus | 14.98 Bn | 14.45 Bn | - | 7.94 Bn |
| 8 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 14.67 Bn | -40,057.33 Bn | - | - |
| 9 | Bce | 14.36 Bn | 14.24 Bn | - | -2.51 Bn |
| 10 | Kt | 9.55 Bn | 12.24 Bn | - | 4.75 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.52 Bn |
| 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 |