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

At&T (TBB) 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 (TBB) Operating Expenses (2009 - 2026) Analysis & Trends

At&T (TBB) 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 TBB'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 TBB'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
DateValue
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