T D S Telecom was Telephone & Data Systems’s largest segment in fiscal 2025, bringing in $8.31B of $9.63B (86%).
| Segment | FY 2008 | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2022 | FY 2023 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wireless | $32.61B | — | — | |||||||||||||
| Uscellular | — | — | — | |||||||||||||
| U.S. Cellular | — | — | — | |||||||||||||
| U S Cellular | — | — | — | |||||||||||||
| Revenues | — | — | — | |||||||||||||
| Tds Telecom Wireline | — | — | — | |||||||||||||
| Wireline | — | — | — | |||||||||||||
| T D S Telecom | $8.16B | $35.29M | $8.31B | |||||||||||||
| Total | $1.02B | $8.99B | $17.04M | |||||||||||||
| Towers | $1.73B | — | — | |||||||||||||
| Tds Telecom Cable | — | — | — | |||||||||||||
| T D S Telecom Cable | — | — | — | |||||||||||||
| Array | — | $803.75M | $1.30B | |||||||||||||
| Corporate, Eliminations & Other | — | — | — | |||||||||||||
| Hms | — | — | — | |||||||||||||
| Total | $43.51B | $9.83B | $9.63B |
Telephone & Data Systems brought in $9.63B from its three segments in fiscal 2025, the year ended December 31, 2025. That was down 2.0% from $9.83B in fiscal 2023, the previous year with figures. T D S Telecom was the largest at $8.31B (86.3%), ahead of Array at $1.30B (13.5%) and Total at $17.04M (0.2%).
Compared with fiscal 2023, the previous year with figures, T D S Telecom grew 23,440.2% to $8.31B and Array grew 62.2% to $1.30B.
Telephone & Data Systems began breaking out Array in fiscal 2023, when it brought in $803.75M. Telephone & Data Systems stopped reporting Wireless ($32.61B in fiscal 2022) and Towers ($1.73B in fiscal 2022) as separate segments.
Service was Telephone & Data Systems’s largest product and service line in fiscal 2025, bringing in $8.35B of $9.83B (85%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Service | $33.92B | $9.00B | $8.35B | ||||||
| Equipment & Product Sales | $9.38B | $1.04B | $237.96M | ||||||
| Site Rental | — | $803.06M | $1.24B | ||||||
| Total | $43.30B | $10.84B | $9.83B |
Telephone & Data Systems brought in $9.83B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 9.4% from $10.84B in fiscal 2023, the previous year with figures. Service was the largest at $8.35B (85.0%), ahead of Site Rental at $1.24B (12.6%) and Equipment & Product Sales at $237.96M (2.4%).
Compared with fiscal 2023, the previous year with figures, Site Rental grew fastest, up 54.1% to $1.24B, while Equipment & Product Sales fell the most, down 77.0% to $237.96M.
Telephone & Data Systems began breaking out Site Rental in fiscal 2023, when it brought in $803.06M.
Telephone & Data Systems (TDS) reports its revenue by segment and by product and service. In fiscal 2025, T D S Telecom was its largest segment, bringing in $8.31B (86.3% of the total), followed by Array at $1.30B (13.5%).
T D S Telecom was Telephone & Data Systems' largest segment in fiscal 2025, bringing in $8.31B, or 86.3% of the $9.63B total across its three segments.
Service was Telephone & Data Systems' largest product and service line in fiscal 2025, bringing in $8.35B, or 85.0% of the $9.83B total across its three product and service lines.
Every figure comes from Telephone & Data Systems' annual financial filings, as reported. Each line keeps the name Telephone & Data Systems gives it, and years follow its fiscal calendar.
Telephone & Data Systems' revenue by segment goes back to fiscal 2008, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.