v3.25.3
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Total revenues $ 21,957 $ 20,162 $ 63,975 $ 59,528
Operating expenses        
Selling, general and administrative 6,015 5,186 16,900 15,466
Impairment expense 278 0 278 0
Depreciation and amortization 3,408 3,151 9,752 9,770
Total operating expenses 17,427 15,366 49,432 46,104
Operating income 4,530 4,796 14,543 13,424
Other expense, net        
Interest expense, net 924 836 2,762 2,570
Other (expense) income, net (78) 7 (135) 19
Total other expense, net (1,002) (829) (2,897) (2,551)
Income before income taxes 3,528 3,967 11,646 10,873
Income tax expense (814) (908) (2,757) (2,515)
Net income 2,714 3,059 8,889 8,358
Other comprehensive income (loss), net of tax        
Reclassification of loss from cash flow hedges, net of tax effect of $16, $15, $48 and $45 48 44 141 130
Losses on fair value hedges, net of tax effect of $(7), $(5), $(55) and $(15) (20) (12) (160) (42)
Unrealized loss on foreign currency translation adjustment, net of tax effect of $0, $0, $0 and $0 0 0 (1) 0
Amortization of actuarial gain, net of tax effect of $0, $(2), $(1) and $(5) (1) (4) (4) (13)
Other comprehensive income (loss) 27 28 (24) 75
Total comprehensive income $ 2,741 $ 3,087 $ 8,865 $ 8,433
Earnings per share        
Basic (in USD per share) $ 2.42 $ 2.62 $ 7.84 $ 7.12
Diluted (in USD per share) $ 2.41 $ 2.61 $ 7.82 $ 7.10
Weighted-average shares outstanding        
Basic (in shares) 1,123,754,096 1,166,961,755 1,133,743,367 1,174,069,336
Diluted (in shares) 1,126,627,708 1,170,649,561 1,136,920,521 1,177,637,145
Service        
Revenues        
Total revenues $ 18,241 $ 16,725 $ 52,604 $ 49,250
Operating expenses        
Cost of services, exclusive of depreciation and amortization shown separately below 2,873 2,722 8,192 8,074
Postpaid revenues        
Revenues        
Total revenues 14,882 13,308 42,554 38,838
Prepaid revenues        
Revenues        
Total revenues 2,625 2,716 7,911 7,711
Wholesale and other service revenues        
Revenues        
Total revenues 734 701 2,139 2,701
Equipment revenues        
Revenues        
Total revenues 3,465 3,207 10,608 9,564
Operating expenses        
Cost of services, exclusive of depreciation and amortization shown separately below 4,853 4,307 14,310 12,794
Other revenues        
Revenues        
Total revenues $ 251 $ 230 $ 763 $ 714