T-Mobile US (TMUS) Financial History
Review T-Mobile US annual and quarterly financial results, key ratios, insider transactions and SEC filing history in one chronological view. Data available from FY2008 through FY2025.
Financials
18 fiscal years, FY2008 to FY2025
Insider trades
514 trades
Risk factor changes
60 changes in the latest 10-K
Filings
Annual and quarterly reports
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T-Mobile US Financial Statements
History since FY2008. Annual, in US dollars. Source: 10-K XBRL data.
T-Mobile US Revenue and Growth
Compare reported revenue and year-over-year revenue growth across available fiscal years.
T-Mobile US Income Statements
Review revenue, gross profit, operating income, net income and earnings per share.
T-Mobile US Balance Sheets
Review reported debt and book-value-based ratios where company data is available.
T-Mobile US Cash Flow Statements
Compare reported free cash flow across the available fiscal history.
T-Mobile US Financial Ratios
Compare net margin, price-to-earnings and price-to-book ratios by fiscal year.
| Fiscal year | FY2008 🔒 | FY2009 🔒 | FY2010 🔒 | FY2011 🔒 | FY2012 🔒 | FY2013 🔒 | FY2014 🔒 | FY2015 🔒 | FY2016 🔒 | FY2017 🔒 | FY2018 🔒 | FY2019 🔒 | FY2020 🔒 | FY2021 | FY2022 | FY202327 new risk factorsInsiders net sold $90.7M | FY202431 new risk factorsInsiders net sold $4.7B | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $80.1B | $79.6B | $78.6B | $81.4B | $88.3B |
| Revenue growth | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | — | -0.7% | -1.3% | +3.6% | +8.5% |
| Gross profit | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | — | — | — | — | — |
| Operating income | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $6.9B | $6.5B | $14.3B | $18.0B | $18.3B |
| Net income | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $3.0B | $2.6B | $8.3B | $11.3B | $11.0B |
| Debt | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $80.1B | $79.7B | $81.1B | $84.7B | $93.7B |
| Free cash flow | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $1.6B | $2.8B | $8.8B | $13.5B | $18.0B |
| Net margin | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | 3.8% | 3.3% | 10.6% | 13.9% | 12.4% |
| EPS (diluted) | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $2.41 | $2.06 | $6.93 | $9.66 | $9.72 |
| P/E ratio | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | 48.1× | 68.0× | 23.1× | 22.9× | 20.9× |
| P/B ratio | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | 2.1× | 2.5× | 3.0× | 4.1× | 3.8× |
Daily closing prices, aggregated by calendar year.
| Year | 2007 🔒 | 2008 🔒 | 2009 🔒 | 2010 🔒 | 2011 🔒 | 2012 🔒 | 2013 🔒 | 2014 🔒 | 2015 🔒 | 2016 🔒 | 2017 🔒 | 2018 🔒 | 2019 🔒 | 2020 🔒 | 2021 🔒 | 2022 | 2023 | 2024 | 2025 | 2026 (YTD) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Open | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $115.69 | $138.87 | $160.55 | $222.33 | $202.25 |
| Close | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $140.00 | $160.35 | $220.75 | $203.02 | $160.72 |
| High | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $154.38 | $161.16 | $248.14 | $276.44 | $224.62 |
| Low | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $101.54 | $124.93 | $157.58 | $194.10 | $143.14 |
| Annual return | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | +20.7% | +14.5% | +37.7% | -8.0% | -20.8% |
T-Mobile US Insider Transactions
From Form 4 filings. Showing the latest 5 of 514 trades.
| Traded | Filed | Insider | Type | Shares | Value | % of holdings |
|---|---|---|---|---|---|---|
| 2026-11-01 | 2026-11-03 | Daniel James Drobac VP & Chief Accounting Officer | Tax withholding | 36.525 | $5,714 | — |
| 2026-11-02 | 2026-11-03 | Daniel James Drobac VP & Chief Accounting Officer | Sold | 113 | $17K at ~$154 | <1% |
| 2026-09-24 | 2026-09-28 | Daniel James Drobac VP & Chief Accounting Officer | Grant or award (2 trades) | 5,536 | — | — |
| 2026-09-10 | 2026-09-14 | Mark Wolfe Nelson Chief Legal Officer & GC | Grant or award | 102.942 | $18K | — |
| 2026-09-10 | 2026-09-14 | Daniel James Drobac VP & Chief Accounting Officer | Sold | 772 | $138K at ~$178 | — |
T-Mobile US Risk Factor Changes
Latest 10-K compared with the year before. 60 changes found.
DT has incrementally sold limited amounts of shares of our common stock in the open market.
In addition, we license certain trademarks from DT, including the right to use the trademark “T-Mobile” as a name for the Company and our flagship brand under a trademark license agreement, as amended, with DT.
behalf of the Company, (ii) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or employee of the Company to the Company or its stockholders, (iii) any action asserting a claim ar…
In many cases, the application of existing, newly enacted, or amended tax laws may be uncertain and subject to different interpretations, especially when evaluated against new technologies and telecommunications servi…
With respect to taxes on our products and services, we calculate, collect, and remit various federal, state, and local taxes, fees, and regulatory charges (“taxes”) to numerous governmental authorities, including sale…
The financing of devices, such as through our EIP, and the offering of co-branded banking products, such as our T-Mobile Money debit card and T-Mobile Visa credit card, impact our regulatory compliance obligations.
In addition, we, along with equipment manufacturers and other carriers, are subject to current and potential future lawsuits alleging adverse health effects arising from the use of wireless handsets or from wireless t…
We have incurred and will continue to incur significant implementation costs to ensure compliance with the CCPA, new privacy laws in other states, and their related regulations, including managing the complexity of la…
Compliance with the current regulatory framework, including our national security obligations, and any changes in regulations or in the regulatory framework under which we operate could adversely affect our business,…
Additionally, we are subject to emerging and evolving regulatory requirements and frameworks regarding environmental, social and governance matters, including recently enacted or proposed legislation in jurisdictions…
Our suppliers and third-party technology partners are also subject to their own risks, including, but not limited to, cybersecurity, economic, financial and credit conditions, labor force disruptions, geopolitical ten…
We have a broad set of suppliers to help us develop, maintain, and troubleshoot products and services such as wireless and fiber network components, software development services, and billing and customer service supp…
We continue to expand our offerings beyond traditional wireless services to include broadband (fixed wireless and fiber), specialized network solutions, such as network slicing for first responders (“T-Priority”) and…
The telecommunications industry, broadly, is dependent on population growth, including growth in the immigrant population.
Our business, financial condition, and operating results are affected by changes in general economic and political conditions, including interest rates, consumer credit conditions, consumer debt levels, consumer confi…
Additionally, in connection with our merger (the “Sprint Merger”) with Sprint Corporation (“Sprint”) and related transactions, including the acquisition by DISH Network Corporation (“DISH”) of certain prepaid wireless…
We formed joint ventures aimed at establishing fiber broadband networks that complement our fixed wireless services.
•any business, technology, service, or product involved in any such transaction may significantly underperform relative to our expectations, and we may not achieve the benefits we expect from the transaction, which co…
•potential exposure to material liabilities not discovered in the due diligence process in connection with any such transaction;
•risks of entering markets in which we have no or limited experience and where competitors have stronger market positions;
•potential loss of talent during integration due to differences in culture, location, or other factors;
We have pursued and may continue to pursue additional acquisitions of, investments in, or joint ventures or mergers with, other companies, or the acquisition of spectrum, technologies, services, products, or other ass…
If we cannot acquire needed spectrum from the government or other sources, if competitors acquire spectrum that enables them to provide services competitive with ours, or if we cannot deploy services over acquired spe…
The continued interest in acquiring spectrum by existing carriers and others, including satellite providers and speculators, may reduce our ability to acquire or renew spectrum holdings (such as 600 MHz and 2.5 GHz),…
in our corporate culture, organizational changes, limited remote working opportunities, and our compensation programs, may affect our ability to effectively manage our workforce.
Our future success depends in substantial part on our ability to attract, recruit, hire, motivate, develop, and retain talented personnel possessing the qualifications, experience, capabilities and skills we need for…
We are engaged in complex digital transformation efforts intended to streamline operations, enhance customer experience, and improve our overall competitiveness.
Our competitive advantage and reputation depend on our ability to provide industry-leading network coverage, speed, and reliability.
If we fail to adopt and deploy emerging network technologies in a timely and effective manner, our competitive position could erode, which may adversely affect our business, financial condition, and operating results.
Cyberattacks against companies like ours are increasing in frequency and scope of potential harm over time, and the methods used to gain unauthorized access constantly evolve, making it increasingly difficult to antic…
We are subject to persistent cyberattacks and threats to our business from bad actors seeking to gain unauthorized access to Confidential Information and compromise Systems to undermine availability or integrity.
We have experienced cyberattacks and may experience disruptions, data loss and other security breaches, whether directly or indirectly through third parties whose products and services we rely on in operating our busi…
We expect to continue to see intense competition in all market segments from traditional Mobile Network Operators (“MNOs”), such as AT&T and Verizon, who have each invested heavily in spectrum, their wireless networks…
The telecommunications industry is highly competitive.
In the event that federal, state, and/or local municipalities were to significantly increase taxes and regulatory or public safety charges on our network, operations, or services, or seek to impose new taxes or charge…
business, we must navigate varying regulations that could impact our operations and product development.
AI-related laws and regulations continue to remain uncertain and may vary from jurisdiction to jurisdiction.
Further, government funded programs may be discontinued due to ongoing legal challenges to the FCC’s funding mechanism, which could result in the reduction in subsidies for low-income customers and the associated reve…
Additionally, we rely on third-party technology partners on various projects and developments.
control over financial reporting that we follow.
We are engaged in complex digital transformation efforts intended to streamline operations, enhance customer experience, and improve our overall competitiveness.
In November 2024, it was publicly reported that a nation-state actor called “Salt Typhoon” successfully infiltrated the telecommunications networks of certain of our competitors to obtain information on their customers.
expanding our customer base.
termination of the trademark license could have a material adverse effect on our business, financial condition, and operating results.
Our Certificate of Incorporation provides that, unless we consent in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware shall be the sole and exclusive forum for (i) any d…
We are subject to a wide variety of federal, state, and local taxes, fees, and regulatory charges.
Outside of the United States, as a result of our business acquisitions, we are subject to an expanding set of privacy, data protection, and related regulatory requirements in jurisdictions where we conduct operations…
AI-related laws and regulations continue to remain uncertain and may vary from jurisdiction to jurisdiction.
damages for contract breaches, and other significant costs, penalties, and other liabilities, as well as harm to our reputation and market position.
In addition, we operate under agreements with U.S.
and adoption may be slower than anticipated or may not occur at all.
Our attempts to mitigate potential disruptions to our supply chain and offset procurement and operational cost pressures, such as through alternative sourcing and/or increases in the selling prices of some of our prod…
As a provider of telecommunications services, we depend on suppliers to provide us, directly or through other suppliers, with items such as equipment for our network, handsets, tablets, accessories, other mobile commu…
Changes to trade policies, including higher tariffs, restrictions, and other economic disincentives to trade, may lead to operational delays, higher procurement and operational costs, and increased regulatory and comp…
Our restructuring and integration activities associated with the UScellular Acquisition are expected to occur over the next two years and may involve risks related to network integration and customer migration, includ…
•to the extent any acquired business has international operations, potential exposures to risks associated with maintaining and expanding such operations, including unfavorable and uncertain regulatory, political, eco…
Both external factors, such as fluctuations in economic and industry conditions, changes in U.S.
As a result, failure to effectively execute our digital transformation efforts, including driving meaningful customer and employee adoption, could materially and adversely affect our competitive position, financial pe…
The successful execution of our digital transformation depends not only on the effective development and deployment of new technologies, but also on the willingness and ability of customers and employees to adopt digi…
groups and persons, including nation state-sponsored parties, malicious actors, employees, contractors, and other third parties.
T-Mobile US SEC Filings
Latest annual and quarterly reports, current reports, proxy statements and ownership filings.
| Form | Filed | Description | Document |
|---|---|---|---|
| Ownership change (13D/13G) amendment | 2026-10-29 | Large shareholder report (5% or more) | View document |
| Quarterly report (10-Q) | 2026-10-28 | Quarter ended Sep 30, 2026 | View document |
| Current report (8-K) | 2026-10-28 | Quarterly results | View document |
| Current report (8-K) | 2026-10-28 | Executive change | View document |
| Current report (8-K) | 2026-09-03 | Executive change, Company update | View document |
T-Mobile US financial metrics by year
T-Mobile US in the S&P 500 rankings
- #41 by revenue as of FY2025
- #34 by net income as of FY2025
- #20 by operating income as of FY2025
- #13 by free cash flow as of FY2025
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