T-Mobile US, Inc. (TMUS) Q1 2026 Financial Results Summary

Released on April 28, 2026, T-Mobile US, Inc. (NASDAQ: TMUS) reported strong financial metrics for the first quarter of 2026, showcasing robust growth in key areas.

Key Highlights

• Postpaid Net Account Growth
  • Net account additions: 217,000, an increase of 6% year-over-year.
  • Postpaid account churn: 1.04%, stable compared to 1.04% in Q4 2025.
• Postpaid Average Revenue Per Account (ARPA)
  • ARPA for Q1 2026: $151.93, reflecting a growth of 3.9% year-over-year.
• Service Revenues
  • Total service revenues: $18.8 billion, up by 11% year-over-year.
  • Postpaid service revenues: $15.6 billion, an increase of 15% year-over-year.
• Net Income and Earnings Per Share (EPS)
  • Net income: $2.5 billion, a decrease of 15% year-over-year, due in part to UScellular merger-related costs.
  • Diluted EPS: $2.27, down by 12% year-over-year.
• Core Adjusted EBITDA
  • Core Adjusted EBITDA of $9.2 billion, reflecting growth of 12% year-over-year.
• Net Cash Provided by Operating Activities
  • Cash flow from operations: $7.2 billion, a rise of 5% year-over-year.
• Adjusted Free Cash Flow
  • Adjusted Free Cash Flow: $4.6 billion, an increase of 5% year-over-year.
• Capital Expenditures
  • Cash purchases including capitalized interest: $2.6 billion, up by 7% year-over-year.

Stockholder Returns

Stockholder returns in Q1 2026 totaled $6.0 billion, comprised of:

• Common stock repurchases: $4.9 billion.
• Cash dividends: $1.1 billion.

The Board of Directors has authorized an increase of up to $18.2 billion for stockholder returns in 2026, an uptick of up to $3.6 billion over the previous authorization of $14.6 billion.

Network Performance and Growth Strategies

T-Mobile has seen a record share of recent new customers citing network quality as their primary reason for switching, indicating wider differentiation in service offerings.

The company boasts being the fastest provider in Fixed Wireless Home Internet, with median download speeds over 50% faster than the nearest competitor, as per internal analyses based on Ookla data.

T-Mobile is further advancing in the artificial intelligence space, with Figure AI’s F03 humanoid robots set to integrate with T-Mobile’s 5G Advanced network.

Guidance for 2026

T-Mobile has raised guidance for 2026, forecasting:

• Postpaid net account additions between 950,000 and 1.05 million (up from prior guidance of 900,000 to 1 million).
• Core Adjusted EBITDA to be between $37.1 billion and $37.5 billion (slight increase at the midpoint).
• Net cash from operating activities expected between $28.1 billion and $28.7 billion.
• Adjusted Free Cash Flow projected between $18.1 billion and $18.7 billion.

These results affirm T-Mobile's ongoing strategy of prioritizing network performance, customer satisfaction, and financial stability, while also showcasing their commitment to stockholder returns through dividends and repurchases.

Note: All amounts in the following tables are in millions.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Total service revenues	Q1 2026	Q4 2025	Q1 2025	Change Q1 2026 vs Q4 2025	Change Q1 2026 vs Q1 2025
Total service revenues	$18,756	$18,743	$16,925	0.7%	11.3%
Postpaid service revenues	$15,661	$15,318	$13,594	1.6%	15.0%
Total revenues	$23,100	$24,304	$20,886	-5.0%	10.6%
Net income	$2,504	$2,103	$2,953	19.1%	-15.2%
Diluted EPS	$2.27	$1.88	$2.58	20.7%	-12.0%
Core Adjusted EBITDA	$9,241	$8,447	$8,259	9.4%	11.9%
Net cash provided by operating activities	$7,222	$6,654	$6,847	8.5%	5.5%
Cash purchases of property and equipment, including capitalized interest	$2,623	$2,469	$2,451	6.2%	7.0%
Adjusted Free Cash Flow	$4,599	$4,185	$4,396	9.9%	4.6%

Note: All amounts in the following tables are in thousands.

CONDENSED CONSOLIDATED BALANCE SHEETS

	March 31, 2026	December 31, 2025
Current Assets	$XX,XXX	$XX,XXX
Non-current Assets	$XX,XXX	$XX,XXX
Total Assets	$XX,XXX	$XX,XXX
Current Liabilities	$XX,XXX	$XX,XXX
Non-current Liabilities	$XX,XXX	$XX,XXX
Total Liabilities	$XX,XXX	$XX,XXX
Total Stockholders’ Equity	$XX,XXX	$XX,XXX

Disclaimer

The content on MarketsFN.com is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or trading guidance. All investments carry risk and past performance does not guarantee future results. You are solely responsible for your investment decisions and should conduct independent research and consult a qualified financial advisor before acting. MarketsFN.com and its authors are not liable for any losses or damages arising from the use of this information.