T D S Telecom was Telephone & Data Systems’s largest segment in fiscal 2025, bringing in $1.04B of $1.23B (84%).
| 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 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Uscellular | — | — | — | — | ||||||||||||||
| U.S. Cellular | — | — | — | — | ||||||||||||||
| U S Cellular | — | — | — | — | ||||||||||||||
| Wireless | $4.08B | — | — | — | ||||||||||||||
| T D S Telecom | $1.02B | $1.02B | $1.06B | $1.04B | ||||||||||||||
| Wireline | — | — | — | — | ||||||||||||||
| Tdstelecom Wireline | — | — | — | — | ||||||||||||||
| Tdstelecom Ilec | — | — | — | — | ||||||||||||||
| Tdstelecom Clec | — | — | — | — | ||||||||||||||
| Hms | — | — | — | — | ||||||||||||||
| Tdstelecom Hosted & Managed Services | — | — | — | — | ||||||||||||||
| All Other | $228.00M | $231.38M | $137.20M | $29.02M | ||||||||||||||
| Corporate, Eliminations & Other | — | — | — | — | ||||||||||||||
| Other | — | — | — | — | ||||||||||||||
| Array | — | $100.28M | $102.75M | $162.78M | ||||||||||||||
| Cable | — | — | — | — | ||||||||||||||
| Towers | $93.00M | — | — | — | ||||||||||||||
| Non Reportable | — | — | — | — | ||||||||||||||
| T D S Telecom Eliminations | — | — | — | — | ||||||||||||||
| Tdstelecom Eliminations | — | — | — | — | ||||||||||||||
| Tdstelecom Ileccleceliminations | — | — | — | — | ||||||||||||||
| Other Reconciling Items | — | — | — | — | ||||||||||||||
| Total | $5.41B | $1.36B | $1.30B | $1.23B |
Telephone & Data Systems brought in $1.23B from its three segments in fiscal 2025, the year ended December 31, 2025. That was down 5.3% from $1.30B in fiscal 2024. T D S Telecom was the largest at $1.04B (84.4%), ahead of Array at $162.78M (13.3%) and All Other at $29.02M (2.4%).
Compared with fiscal 2024, Array grew fastest, up 58.4% to $162.78M, while All Other fell the most, down 78.8% to $29.02M.
Telephone & Data Systems began breaking out Array in fiscal 2023, when it brought in $100.28M. Telephone & Data Systems stopped reporting Wireless ($4.08B in fiscal 2022) and Towers ($93.00M in fiscal 2022) as separate segments.
Service was Telephone & Data Systems’s largest product and service line in fiscal 2025, bringing in $1.04B of $1.23B (85%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Service | $4.24B | $1.13B | $1.12B | $1.04B | ||||||
| Equipment & Product Sales | $1.17B | $129.55M | $70.54M | $29.75M | ||||||
| Corporate, Eliminations & Other | — | — | — | — | ||||||
| Site Rental | — | $100.38M | $102.61M | $154.65M | ||||||
| Total | $5.41B | $1.36B | $1.30B | $1.23B |
Telephone & Data Systems brought in $1.23B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 5.3% from $1.30B in fiscal 2024. Service was the largest at $1.04B (85.0%), ahead of Site Rental at $154.65M (12.6%) and Equipment & Product Sales at $29.75M (2.4%).
Compared with fiscal 2024, Site Rental grew fastest, up 50.7% to $154.65M, while Equipment & Product Sales fell the most, down 57.8% to $29.75M.
Telephone & Data Systems began breaking out Site Rental in fiscal 2023, when it brought in $100.38M.
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 $1.04B (84.4% of the total), followed by Array at $162.78M (13.3%).
T D S Telecom was Telephone & Data Systems' largest segment in fiscal 2025, bringing in $1.04B, or 84.4% of the $1.23B total across its three segments.
Service was Telephone & Data Systems' largest product and service line in fiscal 2025, bringing in $1.04B, or 85.0% of the $1.23B total across its three product and service lines.
Among Telephone & Data Systems' segments that make up at least 2% of revenue, Array grew fastest in fiscal 2025, up 58.4% from $102.75M to $162.78M.
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.