AT&T Q3 FY25: where the revenue came from and where it went
The whole income statement of AT&T for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 31, 2025
Revenue$30.71B
+2% year over year
Gross profit$18.89B
62% margin
Operating profit$6.12B
20% margin
Net profit$9.31B
30% margin
Net profit is larger than what operations earned, because the statement adds $4.17B below it, under Other income, net.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 30.71 | 100% | +2% |
| Wireless service | 17.62 | 57% | +3% |
| Product | 5.37 | 18% | +6% |
| Fiber | 4.05 | 13% | +12% |
| Legacy voice & data | 2.50 | 8% | −18% |
| IP broadb & | 0.87 | 3% | −9% |
| Other service | 0.29 | 1% | −9% |
| Cost of revenue | −11.82 | 38% | |
| Gross profit | 18.89 | 62% margin | +15pp |
| SG&A | −7.45 | 24% | +1pp |
| Other | −5.32 | 18% | +0pp |
| Operating profit | 6.12 | 20% margin | +13pp |
| Other income, net | 4.17 | ||
| Tax | −0.98 | ||
| Net profit | 9.31 | 30% margin | +31pp |
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