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"repayments_of_financing_lease_obligations": -664000000, "repayments_of_long_term_debt": -7771000000, "repurchases_of_common_stock": -7146000000, "dividends_paid": -2221000000, "net_cash_used_in_financing_activities": -11622000000, "adjusted_free_cash_flow": 9396000000, "free_cash_flow": 9396000000 }, "operating_metrics": { "postpaid_net_account_additions": 494000, "postpaid_account_churn_percent": 1.02, "postpaid_arpa_usd": 152.42 } }, "trailing_twelve_months": { "label": "Trailing twelve months ended June 30, 2026", "period_start": "2025-07-01", "period_end": "2026-06-30", "period_type": "trailing twelve months", "source_accession": "0001283699-26-000010; 0001283699-26-000101", "derivation": "the year ended December 31, 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025", "income_statement": { "postpaid_revenues": 61742000000, "prepaid_revenues": 10201000000, "wholesale_and_other_service_revenues": 2814000000, "total_service_revenues": 74757000000, "equipment_revenues": 16349000000, "other_revenues": 1083000000, "total_revenues": 92189000000, "cost_of_services": 12495000000, "cost_of_equipment_sales": 22363000000, "selling_general_and_administrative": 24385000000, "impairment_expense": 278000000, "depreciation_and_amortization": 14415000000, "total_operating_expenses": 73936000000, "operating_income": 18253000000, "interest_expense_net": -4022000000, "other_income_expense_net": -406000000, "total_other_expense_net": -4428000000, "income_before_income_taxes": 13825000000, "income_tax_expense": -3265000000, "net_income": 10560000000, "adjusted_ebitda": 35909000000, "core_adjusted_ebitda": 35902000000 }, "cash_flow": { "net_income": 10560000000, "depreciation_and_amortization": 14415000000, "stock_based_compensation_expense": 866000000, "deferred_income_tax_expense": 2731000000, "bad_debt_expense": 1606000000, "operating_cash_flow": 28833000000, "capex": -10434000000, "purchases_of_spectrum_licenses_and_other_intangibles": -2163000000, "net_cash_used_in_investing_activities": -18540000000, "repurchases_of_common_stock": -12071000000, "dividends_paid": -4343000000, "net_cash_used_in_financing_activities": -17691000000, "free_cash_flow": 18399000000, "adjusted_free_cash_flow": 18399000000 } }, "notes": [ "All figures are taken from two filings: T-Mobile US, Inc.'s Form 10-K for the year ended December 31, 2025 (accession 0001283699-26-000010, filed February 11, 2026) and its Form 10-Q for the quarter ended June 30, 2026 (accession 0001283699-26-000101, filed July 23, 2026). These figures cover exactly the periods those two filings print on the face of their statements, and nothing else.", "The 10-K's income statement and cash flow statement each present three years (2025, 2024 and 2023), so all three are here. Its balance sheet presents two dates (December 31, 2025 and December 31, 2024), so FY2023 carries no balance sheet.", "The 10-Q prints discrete three-month columns alongside its six-month columns for both the income statement and the cash flow statement. Every quarterly figure here is therefore a figure the filing itself prints for a three-month period - nothing was obtained by subtracting one cumulative column from another.", "The six-month columns are reported separately under 'year_to_date', with the prior-year six-month column nested inside it as its own period. They are not quarters and are deliberately kept out of the quarterly list.", "The 10-Q's condensed balance sheet presents June 30, 2026 and December 31, 2025 only. There is no June 30, 2025 balance sheet in it, so the Q2 2025 entry carries only the two June 30, 2025 amounts the filing does print - total stockholders' equity of $61.107 billion and 1,127,450,618 shares outstanding, both from the condensed consolidated statement of stockholders' equity - and no asset or liability detail.", "'total_liabilities' is the sum of the two subtotals the balance sheet prints, Total current liabilities and Total long-term liabilities; the statement itself shows no combined total liabilities line. Assets equal that sum plus total stockholders' equity in every period shown.", "'total_debt' is the amount the debt notes label Total debt (Note 9 in the 10-K, Note 8 in the 10-Q): short-term debt plus long-term debt plus long-term debt to affiliates. It excludes tower obligations and finance lease liabilities, which the balance sheet reports on separate lines and which are carried here under their own names. Total debt was $84.621 billion at June 30, 2026, against $86.282 billion at December 31, 2025 and $78.265 billion at December 31, 2024.", "The $1.498 billion of long-term debt to affiliates outstanding at December 31, 2025 was repaid during the first half of 2026; the June 30, 2026 balance is nil.", "'free_cash_flow' is net cash provided by operating activities less cash purchases of property and equipment, on the same basis in every period. T-Mobile also publishes its own non-GAAP Adjusted Free Cash Flow, which adds back proceeds from sales of tower sites and proceeds related to beneficial interests in securitization transactions; that measure is carried separately as 'adjusted_free_cash_flow'. The two agree for FY2025 and for every 2025 and 2026 interim period here because those add-backs were nil, but they differ for FY2024 ($13.453 billion versus $17.032 billion) and FY2023 ($8.758 billion versus $13.586 billion), when the securitization proceeds were substantial.", "'adjusted_ebitda' and 'core_adjusted_ebitda' are the company's own non-GAAP measures, taken from the reconciliations to net income in each filing's Management's Discussion and Analysis. Core Adjusted EBITDA is Adjusted EBITDA excluding lease revenues.", "The trailing-twelve-month block is arithmetic, not a column either filing prints: the year ended December 31, 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. It shows no per-share amounts and no share count, because weighted-average share counts cannot be added across periods. Its impairment expense of $278 million is the FY2025 amount: the 10-Q's four operating-expense lines sum exactly to its total operating expenses in both six-month columns, so neither six-month period includes any impairment expense.", "Operating measures come on two different bases here, and the two are not interchangeable. The FY2025 10-K reports both: ending postpaid accounts and postpaid net account additions for 2025, 2024 and 2023, and ending customers and net customer additions for the same three years. The 10-K also states that starting with the three months ending March 31, 2026 the company will shift away from reporting total customers - including total postpaid, postpaid phone, prepaid and broadband customers - and will correspondingly no longer report postpaid phone ARPU or prepaid ARPU. The Q2 2026 10-Q reports account measures only: ending postpaid accounts, postpaid net account additions, postpaid account churn and postpaid ARPA. The annual periods here therefore carry both the customer measures the 10-K reports and the account measures it reports, while the quarterly and year-to-date periods carry account measures alone. An account is a billing account number that generates revenue and a customer is a SIM number with a unique identifier associated with an account, so account counts and customer counts measure different things and must not be charted or compared against each other. Postpaid ARPA (average monthly postpaid service revenue per account) is reported on the same basis throughout.", "The 10-K attributes the bulk of FY2025's revenue and customer growth to acquisitions - the UScellular wireless business, Metronet, Lumos, Ka'ena, Vistar and Blis - which limits how much of the year-over-year change in the annual periods is organic.", "Per-share amounts are as the filings print them. The company reports in U.S. dollars, is not an American Depositary Receipt issuer, and has had no stock split in the period covered, so no currency, depositary-ratio or split adjustment was applied." ], "uncertainties": [ "Q2 2025 has no complete balance sheet, because the Q2 2026 10-Q does not present one at June 30, 2025. Only total stockholders' equity and shares outstanding at that date are shown, both read off the statement of stockholders' equity.", "FY2023 has no balance sheet at all: the FY2025 10-K's balance sheet presents only December 31, 2025 and December 31, 2024.", "Total liabilities is derived by adding the two subtotals the balance sheet prints, not read off a printed line.", "The trailing-twelve-month figures are derived by arithmetic across the two filings and appear in neither of them as a reported column. The treatment of impairment expense in that block rests on the 10-Q's operating-expense lines summing exactly to its printed total, which they do, rather than on an explicit statement that no impairment was recognized in the first half of either year.", "Postpaid ARPA and postpaid account churn are ratios and are not additive, so no trailing-twelve-month value is given for either. The year-to-date values are the six-month figures the 10-Q prints, not an average of the two quarters.", "Adjusted EBITDA, Core Adjusted EBITDA and Adjusted Free Cash Flow are the company's own definitions of non-GAAP measures and are not comparable to similarly named measures published by other carriers." ], "headline": { "period": "Q2 FY2026", "period_end_words": "June 30, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 22791000000, "text": "$22.79 billion", "exact": "$22,791,000,000", "compact": "$22.79B", "abs": "$22.79 billion", "prior_value": 21132000000, "prior": "$21.13 billion", "priorabs": "$21.13 billion", "yoy": "up 7.9%", "source": { "array": "quarterly", "field": "income_statement.total_revenues", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001283699-26-000101", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001283699-26-000101", "gap_days": 365 } }, { "label": "Net income", "format": "usd", "value": 3239000000, "text": "$3.24 billion", "exact": "$3,239,000,000", "compact": "$3.24B", "abs": "$3.24 billion", "prior_value": 3222000000, "prior": "$3.22 billion", "priorabs": "$3.22 billion", "yoy": "up 0.5%", "source": { "array": "quarterly", "field": "income_statement.net_income", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001283699-26-000101", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001283699-26-000101", "gap_days": 365 } }, { "label": "Diluted EPS", "format": "eps", "value": 2.99, "text": "$2.99", "exact": "$2.99", "compact": "$2.99", "abs": "$2.99", "prior_value": 2.84, "prior": "$2.84", "priorabs": "$2.84", "yoy": "up 5.3%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001283699-26-000101", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001283699-26-000101", "gap_days": 365 } }, { "label": "Service revenue", "format": "usd", "value": 18983000000, "text": "$18.98 billion", "exact": "$18,983,000,000", "compact": "$18.98B", "abs": "$18.98 billion", "prior_value": 17438000000, "prior": "$17.44 billion", "priorabs": "$17.44 billion", "yoy": "up 8.9%", "source": { "array": "quarterly", "field": "income_statement.total_service_revenues", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001283699-26-000101", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001283699-26-000101", "gap_days": 365 } }, { "label": "Core adjusted EBITDA", "format": "usd", "value": 9537000000, "text": "$9.54 billion", "exact": "$9,537,000,000", "compact": "$9.54B", "abs": "$9.54 billion", "prior_value": 8541000000, "prior": "$8.54 billion", "priorabs": "$8.54 billion", "yoy": "up 11.7%", "source": { "array": "quarterly", "field": "income_statement.core_adjusted_ebitda", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001283699-26-000101", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001283699-26-000101", "gap_days": 365 } } ], "summary": "T-Mobile US reported $22.79 billion in total revenue for Q2 FY2026, the quarter ended June 30, 2026, up 7.9% from a year earlier, with service revenue of $18.98 billion (up 8.9%) as the UScellular acquisition and the Metronet fiber venture enlarged the postpaid account base and postpaid ARPA rose. Net income was $3.24 billion, up 0.5%, while core adjusted EBITDA, a non-GAAP measure that excludes the UScellular merger-related and network restructuring costs net income bears, reached $9.54 billion, up 11.7%. Diluted EPS of $2.99 was up 5.3%, rising faster than net income because share repurchases reduced the average share count.", "qa": [ { "q": "How much revenue did T-Mobile report in Q2 FY2026?", "a": "T-Mobile US reported $22.79 billion in total revenue for Q2 FY2026, the quarter ended June 30, 2026, up 7.9% from $21.13 billion a year earlier. Service revenue, the recurring part of the top line, was $18.98 billion, up 8.9%." }, { "q": "What was T-Mobile's net income in Q2 FY2026?", "a": "T-Mobile US earned $3.24 billion in net income in Q2 FY2026, the quarter ended June 30, 2026, up 0.5% from $3.22 billion in the same quarter a year earlier." }, { "q": "What was T-Mobile's earnings per share in Q2 FY2026?", "a": "T-Mobile US reported diluted earnings per share of $2.99 for Q2 FY2026, up 5.3% from $2.84 a year earlier. The per-share gain outpaced net income growth because share repurchases reduced the diluted share count." }, { "q": "Why was T-Mobile's net income flat in Q2 FY2026 when EBITDA grew?", "a": "T-Mobile US held net income roughly steady at $3.24 billion in Q2 FY2026 while core adjusted EBITDA, the company's non-GAAP profitability measure, reached $9.54 billion, up 11.7%. Higher depreciation and amortization on UScellular assets and the continued 5G build-out, higher net interest expense, and T-Mobile's share of losses from the Lumos and Metronet fiber joint ventures account for part of the difference, and the non-GAAP measure also excludes the UScellular merger-related and network restructuring costs net income bears." } ] }, "company_details": { "Name": "T-Mobile US, Inc.", "Ticker": "TMUS", "CIK": "0001283699", "Exchange": "Nasdaq", "State": "Washington", "Incorporation": "Delaware", "SIC": "4812", "Office": "Technology", "Industry": "Radiotelephone Communications" }, "next_filing": { "predicted_date": "2026-10-22", "predicted_type": "10-Q" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q2", "tag": "FY26Q2", "period_end": "2026-06-30", "form": "10-Q", "accession": "0001283699-26-000101", "fiscal_year_end": "1231", "source": "facts" }, "source_filings": [ { "role": "annual", "current": false, "form": "10-K", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-12-31", "filed": "2026-02-11", "accession": "0001283699-26-000010", "url": "https://www.sec.gov/Archives/edgar/data/1283699/000128369926000010/0001283699-26-000010-index.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "10-Q", "fiscal_year": 2026, "fiscal_period": "Q2", "tag": "FY26Q2", "period_end": "2026-06-30", "filed": "2026-07-23", "accession": "0001283699-26-000101", "url": "https://www.sec.gov/Archives/edgar/data/1283699/000128369926000101/0001283699-26-000101-index.htm", "source": "facts" } ] }