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Companies $TMUS
$147.32 +$0.39 (0.27%) Live
T-Mobile US Inc logo

T-Mobile US Inc

t-mobile.com

What Do They Do?

Provides wireless and broadband connectivity, phones and accessories to consumers, businesses and wholesale partners.

How Do They Make Money?

Most revenue comes from wireless and broadband service: customers pay monthly in advance or prepay, and service is provided through the billing period. T-Mobile also sells devices and accessories, with payment sometimes spread over installments.

revenue
SegmentShareRevenue
Service
Recurring

81%
FY2022: 77%
Equipment revenues
Sold outright

18%
FY2022: 22%
Other revenues
1.2%
FY2022: 1.4%

Who Are Their Customers?

Consumers and businesses buy service through T-Mobile’s own stores, websites, apps and customer-care channels; devices are also sold through national retailers and independent dealers. Wholesale partners manage relationships with network-access customers and resell wireless service.

Do Revenues Turn Into Profits?

Yes. It kept 12 cents of every revenue dollar as net income in FY2025 and turned 20 cents into free cash flow.

Operating income, FY2025
21% of revenue
▲ +1% vs FY2024 ($18B, 22%)
Net income, FY2025
12% of revenue
▼ −3% vs FY2024 ($11.3B, 14%)
Free cash flow, FY2025
20% of revenue
▲ +34% vs FY2024 ($13.5B, 17%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +8%
vs $21.1B in Q2 FY2025
Net income
▲ +1%
vs $3.2B in Q2 FY2025
Service share of revenue vs 82.5% in Q2 FY2025
  • Sep 3, 2026 Peter Osvaldik plans to retire as CFO; Jessica Uhl is named successor Uhl is expected to take over in February 2027, while Osvaldik plans to remain an adviser through July 2027.

Growing. Revenue grew 10% in 4 years, from $80.1B in FY2021 to $88.3B in FY2025, about 2% a year.

Fiber joins fixed wireless The latest report describes fiber service alongside fixed wireless broadband, while the older report described its home broadband offer as fixed wireless.

Revenue over time
Service Equipment revenues Other revenues
$100B$50B$0

Who Do They Compete With?

Competes with AT&T, Verizon, Charter Communications, Comcast, EchoStar, Cox Communications, and Altice USA

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