v3.26.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Total revenues $ 23,107 $ 20,886
Operating expenses    
Selling, general and administrative 5,966 5,488
Depreciation and amortization 3,817 3,198
Total operating expenses 18,610 16,086
Operating income 4,497 4,800
Other expense, net    
Interest expense, net (1,031) (916)
Other expense, net (132) (46)
Total other expense, net (1,163) (962)
Income before income taxes 3,334 3,838
Income tax expense (830) (885)
Net income 2,504 2,953
Other comprehensive income (loss), net of tax    
Reclassification of loss from cash flow hedges, net of tax effect of $17 and $16 50 46
Losses on fair value hedges, net of tax effect of $(12) and $(61) (36) (177)
Amortization of actuarial gain, net of tax effect of $0 and $0 (1) (1)
Other comprehensive income (loss) 13 (132)
Total comprehensive income $ 2,517 $ 2,821
Earnings per share    
Basic (in USD per share) $ 2.28 $ 2.59
Diluted (in USD per share) $ 2.27 $ 2.58
Weighted-average shares outstanding    
Basic (in shares) 1,100,174,423 1,140,537,935
Diluted (in shares) 1,102,053,246 1,144,655,297
Service    
Revenues    
Total revenues $ 18,831 $ 16,925
Operating expenses    
Cost of services, exclusive of depreciation and amortization shown separately below 3,339 2,602
Postpaid revenues    
Revenues    
Total revenues 15,629 13,594
Prepaid revenues    
Revenues    
Total revenues 2,517 2,643
Wholesale and other service revenues    
Revenues    
Total revenues 685 688
Equipment revenues    
Revenues    
Total revenues 3,996 3,704
Operating expenses    
Cost of services, exclusive of depreciation and amortization shown separately below 5,488 4,798
Other revenues    
Revenues    
Total revenues $ 280 $ 257