T-Mobile US (TMUS) Cost of Revenue (2009 - 2026)
T-Mobile US (TMUS) recorded Cost of Revenue of $8.03 billion in Q2 2026, up 8.9% from $7.38 billion a year earlier but down 9.0% from the prior quarter.
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Analysis
T-Mobile US (TMUS) Cost of Revenue (2009 - 2026) Analysis & Trends
On a TTM basis, T-Mobile US's Cost of Revenue came in at $34.86 billion as of Jun 30, 2026, up 14.0% year-over-year; for FY2025, it came in at $32.77 billion, up 10.5% from FY2024.
- Annual Cost of Revenue has a five-year compound annual growth rate of 3.0% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $29.65 billion in FY2024 (-1.8%), $30.19 billion in FY2023 (-16.6%), $36.21 billion in FY2022 (-1.1%) and $36.61 billion in FY2021 (+29.5%).
- Quarterly Cost of Revenue has ranged from $6.75 billion in Q2 2024 to $10.45 billion in Q4 2021 over the past five years.
- On a year-over-year basis, Cost of Revenue has increased for seven consecutive quarters, with growth averaging 9.0% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 19.3% in Q1 2026, against a decline of 23.6% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $8.83 billion (Q1 2026), $10.27 billion (Q4 2025) and $7.73 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 190.87 Bn | 155.27 Bn | 27.03 Bn | 7.23 Bn |
| 2 | T-Mobile US | 175.88 Bn | 160.63 Bn | 14.76 Bn | 8.03 Bn |
| 3 | At&T | 166.65 Bn | 114.60 Bn | 25.82 Bn | 5.74 Bn |
| 4 | Grupo Televisa, S.A.B | 142.49 Bn | 131.12 Bn | 318.12 Mn | 502.80 Mn |
| 5 | Comcast | 76.29 Bn | 40.54 Bn | - | - |
| 6 | Chunghwa Telecom | 35.81 Bn | 31.66 Bn | 728.80 Mn | 1.21 Bn |
| 7 | EchoStar | 27.35 Bn | 18.48 Bn | 1.65 Bn | 1.93 Bn |
| 8 | AST SpaceMobile | 22.74 Bn | 23.25 Bn | 7.95 Mn | 23.57 Mn |
| 9 | Telefonica Brasil | 18.42 Bn | 12.42 Bn | 1.42 Bn | 1.70 Bn |
| 10 | Bce | 18.40 Bn | 16.72 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.03 Bn |
| Mar 31, 2026 | 8.83 Bn |
| Dec 31, 2025 | 10.27 Bn |
| Sep 30, 2025 | 7.73 Bn |
| Jun 30, 2025 | 7.38 Bn |
| Mar 31, 2025 | 7.40 Bn |
| Dec 31, 2024 | 8.79 Bn |
| Sep 30, 2024 | 7.03 Bn |
| Jun 30, 2024 | 6.75 Bn |
| Mar 31, 2024 | 7.09 Bn |
| Dec 31, 2023 | 8.40 Bn |
| Sep 30, 2023 | 7.14 Bn |
| Jun 30, 2023 | 7.00 Bn |
| Mar 31, 2023 | 7.65 Bn |
| Dec 31, 2022 | 8.67 Bn |
| Sep 30, 2022 | 8.69 Bn |
| Jun 30, 2022 | 9.17 Bn |
| Mar 31, 2022 | 9.67 Bn |
| Dec 31, 2021 | 10.45 Bn |
| Sep 30, 2021 | 8.68 Bn |
API Access
T-Mobile US Cost of Revenue 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=cost-of-revenue&ticker=TMUS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "TMUS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TMUS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();