AT&T (T) revenue breakdown
By segment, Communications is the largest at 97% of fiscal 2025 revenue, growing 1% a year over 4 years.
By product, Wireless Service is the largest at 56% of fiscal 2025 revenue; Legacy Voice and Data grew fastest, 30% a year over 5 years.
Revenue by segment
Fiscal years, as AT&T reports them in its 10-K filings; fiscal 2025 total $125.3B.
| Segments | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|
| Communications | $114.7B | $117.1B | $118.0B | $117.7B | $120.9B | 97% |
| Latin America Business Segment | $2.7B | $3.1B | $3.9B | $4.2B | $4.4B | 3% |
Revenue by product
Fiscal years, as AT&T reports them in its 10-K filings; fiscal 2025 total $125.6B.
| Products | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| Wireless Service | $57.7B | $59.5B | $62.7B | $65.7B | $68.0B | $70.1B | 56% |
| Other Capitalized Property Plant and Equipment | $19.0B | $22.5B | $22.9B | $22.8B | $22.2B | $24.5B | 19% |
| Business Service | $24.6B | $23.3B | $21.9B | $12.9B | $14.4B | $16.0B | 13% |
| Legacy Voice and Data | $2.8B | $2.4B | $2.1B | $15.5B | $12.6B | $10.4B | 8% |
| IP Broadband | $8.5B | $9.1B | $9.7B | $4.2B | $3.8B | $3.5B | 3% |
| Other Service | $1.9B | $1.9B | $1.5B | $1.4B | $1.3B | $1.2B | 1% |
| Video Service | $28.5B | — | — | — | — | — | — |
| Video Service | — | $15.4B | — | — | — | — | — |
Revenue by region
Fiscal years, as AT&T reports them in its 10-K filings; fiscal 2025 total $125.6B.
| Regions | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| United States | $138.2B | $129.2B | $116.0B | $117.1B | $116.9B | $120.2B | 96% |
| Mexico | $2.7B | $2.8B | $3.2B | $4.0B | $4.3B | $4.4B | 4% |
| Asia/Pacific Rim | $816M | $747M | $592M | $521M | $462M | $395M | 0% |
| Europe | $1.0B | $907M | $584M | $504M | $441M | $382M | 0% |
| Other | $161M | $152M | $132M | $119M | $116M | $114M | 0% |
| Latin America | $212M | $251M | $217M | $194M | $149M | $110M | 0% |
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Where does AT&T make its money?
In fiscal 2025, by segment: Communications $120.9B, Latin America Business Segment $4.4B.
From AT&T's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.