T-Mobile US (TMUS) Operating Leases (2019 - 2026)

T-Mobile US's (TMUS) quarterly Operating Leases came in at $25.9 billion in Q1 2026, little changed year-on-year from $26.0 billion in Q1 2025, and down 1.95% quarter-over-quarter from $26.4 billion in Q4 2025.

T-Mobile US (TMUS) Operating Leases (2019 - 2026) Analysis & Trends

T-Mobile US has disclosed Operating Leases across 8 years of filings, most recently posting $25.9 billion for Q1 2026.

  • Operating Leases for Q1 2026 came in at $25.9 billion, changed 0.45% year-over-year; the trailing twelve-month figure through Mar 2026 was $25.9 billion (changed 0.45% YoY), and the FY2025 annual result was $26.4 billion, changed 0.14% from the prior year.
  • Operating Leases came in at $25.9 billion for Q1 2026 at T-Mobile US, down from $26.4 billion in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $34.3 billion in Q2 2022 to a low of $25.6 billion in Q2 2025.
  • The 5-year median for Operating Leases is $27.8 billion (2024), against an average of $28.4 billion.
  • Across the five-year window, Operating Leases climbed 29.22% in 2022 and fell 15.55% in 2023, its largest moves.
  • T-Mobile US's Operating Leases stood at $29.9 billion in 2022, then dropped by 5.41% to $28.2 billion in 2023, then slipped by 6.49% to $26.4 billion in 2024, then decreased by 0.14% to $26.4 billion in 2025, then fell by 1.95% to $25.9 billion in 2026.
  • The last three Operating Leases figures came in at $25.9 billion (Q1 2026), $26.4 billion (Q4 2025), and $26.8 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Bce 382.57 Bn 381.58 Bn -
2 T-Mobile US 195.94 Bn 192.42 Bn 17.62 Bn
3 Verizon Communications 190.78 Bn 183.73 Bn 27.94 Bn
4 At&T 159.64 Bn 149.68 Bn 25.25 Bn
5 Telefonica Brasil 146.21 Bn 144.47 Bn 1.32 Bn
6 America Movil Sab De Cv 128.31 Bn 126.27 Bn 10.13 Bn
7 Chunghwa Telecom 109.39 Bn 107.21 Bn 719.92 Mn
8 Millicom International Cellular 106.22 Bn 104.67 Bn -
9 Veon 82.81 Bn 80.59 Bn -
10 EchoStar 33.61 Bn 33.48 Bn 3.13 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 25.86 Bn
Dec 31, 2025 26.37 Bn
Sep 30, 2025 26.78 Bn
Jun 30, 2025 25.65 Bn
Mar 31, 2025 25.97 Bn
Dec 31, 2024 26.41 Bn
Sep 30, 2024 26.82 Bn
Jun 30, 2024 27.27 Bn
Mar 31, 2024 27.83 Bn
Dec 31, 2023 28.24 Bn
Sep 30, 2023 28.68 Bn
Jun 30, 2023 29.05 Bn
Mar 31, 2023 29.38 Bn
Dec 31, 2022 29.86 Bn
Sep 30, 2022 33.96 Bn
Jun 30, 2022 34.26 Bn
Mar 31, 2022 31.19 Bn
Dec 31, 2021 25.82 Bn
Sep 30, 2021 29.36 Bn
Jun 30, 2021 26.52 Bn