T-Mobile US

TMUS · Communication Services · Market cap $190B

Q2 FY26 Jun 30, 2026 reported Jul 23, 2026

Revenue$22.8B +8% year over year

Gross profit$14.8B

Operating profit$5.5B

Net profit$3.2B 14% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	22.8	100%	+8%
Branded Postpaid Revenue	15.9	70%	+13%
Product Equipment	3.5	15%	+2%
Branded Prepaid Revenue	2.5	11%	−6%
Wholesale and Other Service	0.7	3%	−8%
Product and Service Other	0.3	1%	+11%
Cost of revenue	−8	35%
Gross profit	14.8	65% margin	+0pp
SG&A	−5.9	26%	+0pp
Other	−3.4	15%	+0pp
Operating profit	5.5	24% margin	−1pp
Tax	−1.1
Interest & other costs	−1.2
Net profit	3.2	14%	−1pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	23.1	100%	+11%
Branded Postpaid Revenue	15.6	68%	+15%
Product Equipment	4	17%	+8%
Branded Prepaid Revenue	2.5	11%	−5%
Wholesale and Other Service	0.7	3%	+0%
Product and Service Other	0.3	1%	+9%
Cost of revenue	−8.8	38%
Gross profit	14.3	62% margin	−3pp
SG&A	−6	26%	+0pp
Other	−3.8	17%	+0pp
Operating profit	4.5	19% margin	−4pp
Tax	−0.8
Interest & other costs	−1.2
Net profit	2.5	11%	−3pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	24.3	100%	+11%
Branded Postpaid Revenue Phone	12.9	53%	+11%
Product Equipment	5.4	22%	+14%
Branded Prepaid Revenue	2.6	11%	−4%
Branded Postpaid Revenue Other	2.4	10%	+35%
Wholesale and Other Service	0.7	3%	+0%
Product and Service Other	0.3	1%	+9%
Cost of revenue	−10.3	42%
Gross profit	14.1	58% margin	−2pp
SG&A	−6.6	27%	+3pp
Other	−3.8	15%	+0pp
Operating profit	3.7	15% margin	−6pp
Tax	−0.5
Interest & other costs	−1.1
Net profit	2.1	9%	−5pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	22	100%	+9%
Branded Postpaid Revenue Phone	12.6	57%	+9%
Product Equipment	3.5	16%	+8%
Branded Prepaid Revenue	2.6	12%	−3%
Branded Postpaid Revenue Other	2.2	10%	+31%
Wholesale and Other Service	0.7	3%	+5%
Product and Service Other	0.3	1%	+9%
Cost of revenue	−8	36%
Gross profit	14	64% margin	−2pp
SG&A	−6	27%	+2pp
Other	−3.4	16%	+0pp
Operating profit	4.5	21% margin	−3pp
Tax	−0.8
Interest & other costs	−1
Net profit	2.7	12%	−3pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Jun 30, 2026	Jul 23, 2026	$22.8B	+8%	24%	$3.2B	14%
Q1 FY26	Jan 1 – Mar 31, 2026	Apr 28, 2026	$23.1B	+11%	19%	$2.5B	11%
Q4 FY25	Oct 1 – Dec 31, 2025	Feb 11, 2026	$24.3B	+11%	15%	$2.1B	9%
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 23, 2025	$22B	+9%	20%	$2.7B	12%