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| Date | Value |
|---|---|
| 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 |