T-Mobile US (TMUS) Operating Expenses (2009 - 2026)

T-Mobile US's (TMUS) quarterly Operating Expenses came in at $18.6 billion in Q1 2026, up 15.69% year-on-year from $16.1 billion in Q1 2025, and down 9.65% quarter-over-quarter from $20.6 billion in Q4 2025.

T-Mobile US (TMUS) Operating Expenses (2009 - 2026) Analysis & Trends

T-Mobile US has disclosed Operating Expenses across 18 years of filings, most recently posting $18.6 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $18.6 billion, up 15.69% year-over-year; the trailing twelve-month figure through Mar 2026 was $72.6 billion (up 13.58% YoY), and the FY2025 annual result was $70.0 billion, up 10.47% from the prior year.
  • Operating Expenses came in at $18.6 billion for Q1 2026 at T-Mobile US, down from $20.6 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $20.6 billion in Q4 2025 to a low of $15.1 billion in Q2 2024.
  • The 5-year median for Operating Expenses is $17.0 billion (2023), against an average of $17.0 billion.
  • Across the five-year window, Operating Expenses dropped 18.9% in 2023 and climbed 19.16% in 2025, its largest moves.
  • T-Mobile US's Operating Expenses stood at $17.5 billion in 2022, then fell by 3.01% to $17.0 billion in 2023, then grew by 1.69% to $17.3 billion in 2024, then rose by 19.16% to $20.6 billion in 2025, then dropped by 9.65% to $18.6 billion in 2026.
  • The last three Operating Expenses figures came in at $18.6 billion (Q1 2026), $20.6 billion (Q4 2025), and $17.4 billion (Q3 2025), per Business Quant data.

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 EchoStar 33.61 Bn 33.48 Bn 3.13 Bn 3.27 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 18.61 Bn
Dec 31, 2025 20.60 Bn
Sep 30, 2025 17.43 Bn
Jun 30, 2025 15.92 Bn
Mar 31, 2025 16.09 Bn
Dec 31, 2024 17.29 Bn
Sep 30, 2024 15.37 Bn
Jun 30, 2024 15.14 Bn
Mar 31, 2024 15.60 Bn
Dec 31, 2023 17.00 Bn
Sep 30, 2023 15.66 Bn
Jun 30, 2023 15.40 Bn
Mar 31, 2023 16.24 Bn
Dec 31, 2022 17.53 Bn
Sep 30, 2022 18.20 Bn
Jun 30, 2022 18.99 Bn
Mar 31, 2022 18.31 Bn
Dec 31, 2021 19.72 Bn
Sep 30, 2021 18.04 Bn
Jun 30, 2021 17.84 Bn