Charter Communications
Financial Performance
Charter Communications Revenue & Financials
Revenue
$54.8B (FY2025)
Market Cap
$19B
Employees
91,900
What is Charter Communications's revenue?
Charter Communications had $54.8B in revenue for fiscal year 2025, down 0.6% from 2024.
- Latest revenue
- $54.8B (FY2025)
- Year-over-year
- -0.6%
- Growth rate (CAGR)
- 7.3% over 9 years
- Peak revenue
- $55.1B (FY2024)
- Years of data
- 10
- Employees
- 91,900
- What is Charter Communications's operating income?
- Charter Communications reported operating income of $12.9B for fiscal year 2025. sec.gov
- How many employees does Charter Communications have?
- Charter Communications has about 91,900 employees.
Financial Analysis
Charter's finances follow the John Malone model of cable: run with high leverage, put capital into the network, and return extra cash through buybacks. In 2025, revenue dipped 0.6% to $54.774 billion, Adjusted EBITDA rose 0.6% to about $22.7 billion, capital spending reached about $11.7 billion, and net income attributable to shareholders was $4.987 billion. In Q2 2026, revenue fell 1.7% to $13.5 billion and net income was about $1.3 billion. The Cox deal paid Cox Enterprises about $4 billion in cash plus partnership units and convertible preferred units, so leverage stays a central issue for investors. Charter Communications is a massive telecommunications and mass media entity, sustaining a market valuation generally exceeding $60 billion.
Revenue Trend Analysis
YoY Change
-0.6%
9-Year CAGR
+7.3%
Peak Year
2024
Trend
Consistent Growth
Charter Communications has 10 full fiscal year figures on this page, compounding at +7.3% annually over 9 years. The most recent year saw a 0.6% decline versus the prior year. Annual revenue peaked in fiscal year 2024 at $55.1B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $54.8B | $12.9Bfiling | — | -0.6% | data.sec.gov Revenue was $54.774 billion, reflecting a nearly flat connectivity business under competitive pressure. |
| FY2024 | $55.1B | $13.1Bfiling | — | +0.9% | data.sec.gov Revenue rose to $55.085 billion before slipping in 2025. |
| FY2023 | $54.6B | $12.6Bfiling | — | +1.1% | data.sec.gov Revenue was $54.607 billion, with broadband gains offsetting linear video pressure. |
| FY2022 | $54B | $12Bfiling | — | +4.5% | data.sec.gov Revenue reached $54.022 billion as growth began to slow. |
| FY2021 | $51.7B | $10.5Bfiling | — | +7.5% | data.sec.gov Revenue increased to $51.682 billion on broadband and business services growth. |
| FY2020 | $48.1B | $8.4Bfiling | — | +5.1% | data.sec.gov Revenue was $48.097 billion as broadband demand rose during the pandemic period. |
| FY2019 | $45.8B | $6.5B | $1.7B | +4.9% | Charter Communications annual report (Form 10-K, SEC EDGAR, filed 2022-01-28) Fiscal year ended 2019-12-31. |
| FY2018 | $43.6B | $5.2B | $1.2B | +4.9% | Charter Communications annual report (Form 10-K, SEC EDGAR, filed 2021-01-29) Fiscal year ended 2018-12-31. |
| FY2017 | $41.6B | $4.1B | $9.9B | +43.4% | Charter Communications annual report (Form 10-K, SEC EDGAR, filed 2020-01-31) Fiscal year ended 2017-12-31. |
| FY2016 | $29B | $2.5Bfiling | $3.5B | — | Charter Communications annual report (Form 10-K, SEC EDGAR, filed 2017-02-16) Fiscal year ended 2016-12-31. |
Click any row to see year details.
Charter Communications balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $16.1B | $11.7B | $154.2B | $16.1B | $4.4B | Form 10-K |
| FY2024ended Dec 31, 2024 | $14.4B | $11.3B | $150B | $15.6B | $3.2B | Form 10-K |
| FY2023ended Dec 31, 2023 | $14.4B | $11.1B | $147.2B | $11.1B | $3.3B | Form 10-K |
| FY2022ended Dec 31, 2022 | $14.9B | $9.4B | $144.5B | $9.1B | $5.5B | Form 10-K |
| FY2021ended Dec 31, 2021 | $16.2B | $7.6B | $142.5B | $14.1B | $8.6B | Form 10-K |
| FY2020ended Dec 31, 2020 | $14.6B | $7.4B | $144.2B | $23.8B | $7.1B | Form 10-K |
| FY2019ended Dec 31, 2019 | $11.7B | $7.2B | $148.2B | $31.4B | $4.6B | Form 10-K |
| FY2018ended Dec 31, 2018 | $11.8B | $9.1B | $146.1B | $36.3B | $2.6B | Form 10-K |
| FY2017ended Dec 31, 2017 | $12B | $8.7B | $146.6B | $39.1B | $3.3B | Form 10-K |
| FY2016ended Dec 31, 2016 | $8B | $5.3B | $149.1B | $40.1B | $2.7B | Form 10-K |
Keep researching Charter Communications
Charter Communications Revenue and Financial FAQ
What was Charter Communications' total annual revenue in recent fiscal years?
Charter Communications reported revenue of $54.8 billion for fiscal year 2025, down from $55.1 billion in fiscal 2024.
What is Charter's Adjusted EBITDA and operating margin profile?
Charter produces between $21.5 billion and $23.0 billion in annual Adjusted EBITDA, maintaining a strong Adjusted EBITDA margin of approximately 39% to 41%, supported by high-margin broadband subscriptions.
How much annual free cash flow does Charter Communications produce?
Charter generates between $3.5 billion and $5.0 billion in annual free cash flow (after investing over $10 billion to $12 billion in annual capital expenditures for network upgrades and rural fiber buildouts).
What is Charter's target balance sheet leverage ratio?
Charter maintains a disciplined target debt leverage policy of 4.0x to 4.5x Adjusted EBITDA, issuing long-term fixed-rate senior notes and deploying excess free cash flow into aggressive common stock repurchases.
How much capital has Charter returned to shareholders through share buybacks?
Charter has repurchased tens of billions of dollars in CHTR shares under board-authorized programs, reducing its total outstanding share count significantly and compounding free cash flow per share over the past decade.
What is Charter's market capitalization on NASDAQ?
Charter Communications' market capitalization typically ranges between $45 billion and $65 billion, reflecting its essential utility-like broadband cash flows and rapid Spectrum Mobile expansion.
How did the expiration of the federal Affordable Connectivity Program (ACP) affect Charter?
The expiration of federal ACP monthly internet subsidies in mid-2024 created temporary broadband subscriber headwinds across the industry, which Charter mitigated by launching affordable low-cost Spectrum Internet Assist tiers and customer retention plans.
What is Charter's capital expenditure allocation for rural broadband construction?
Charter invests between $3.0 billion and $4.0 billion annually in subsidized rural subsidized buildouts (RDOF), constructing tens of thousands of route miles of pure fiber-to-the-home infrastructure with high customer penetration rates.
Is Charter Communications profitable?
Yes, highly profitable. Because broadband internet essentially operates as a massive utility with very little physical competition, Charter generates massive, predictable monthly cash flows, which it heavily uses to buy back its own stock.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Charter Communications Revenue & Financials." CorpDigest, https://corpdigest.com/company/charter/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Charter Communications reported $54.8B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/charter/financials" target="_blank" rel="noopener">CorpDigest — Charter Communications financials</a></div>Related Financial Audits
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