T-Mobile US, Inc.
Explore T-Mobile US, Inc.
Core profile pages, annual revenue records, and related research hubs for this company.
CorpDigest
T-Mobile US, Inc.
Explore T-Mobile US, Inc.
Core profile pages, annual revenue records, and related research hubs for this company.
Annual Revenue
FY2025 Revenue
$88.3B
▲ 6.1% vs FY2024 ($83.2B)
Source: Annual report / company filing
T-Mobile US, Inc. reported $88.3B in revenue for fiscal year 2025. This represents a growth of 6.1% compared to the 2024 figure of $83.2B.
T-Mobile generated $9 billion in net income on $88.3B in revenue in FY2025 — a 10.8% net margin that reflects the post-integration operating leverage as the Sprint cost base was eliminated and the combined network efficiency improved. Revenue grew from approximately $79.6 billion in both FY2021 and FY2022 through $78.6 billion in FY2023 and $88.3B in FY2025, with the FY2024 acceleration reflecting subscriber growth and the full contribution of the expanded service portfolio. The Sprint merger's financial rationale was straightforward in principle and complex in execution: two carriers each losing money competing for the same customers could achieve profitability together by eliminating redundant infrastructure, networks, and overhead. T-Mobile committed to approximately $43 billion in merger savings over three years in its merger presentation; the actual integration delivered those merger savings ahead of schedule, validating the merger's financial logic even as critics focused on the competitive implications. T-Mobile's median 5G download speed of approximately 220 Mbps in 2024 exceeded both AT&T and Verizon's 5G medians in independent Ookla benchmarks — a network performance leadership position that the company translates into marketing and that analysts translate into lower churn and higher-value subscriber additions. A carrier with demonstrably faster service can attract more valuable subscribers while holding prices relatively steady, improving revenue per user without the customer loss that pure price increases would generate. Market capitalization of approximately $265 billion at the time of last data implies roughly 3.2x revenue — a premium to the Verizon and AT&T multiples that reflects T-Mobile's growth rate differential, its spectrum position, and the market's recognition that the subscriber trajectory favors T-Mobile over its larger competitors for the first time in the carrier's history.
| Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $88.3B | — | +6.1% |
| FY2024 | $83.2B | $9.0B | +5.9% |
| FY2023 | $78.6B | — | -1.3% |
| FY2022 | $79.6B | — | +0.0% |
| FY2021 | $79.6B | — | +16.3% |
| FY2020 | $68.4B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.