T-Mobile US (TMUS) TMUS Q4 Financial Results Summary
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T-Mobile US, Inc. (TMUS) Q4 2025 Financial Results Summary
Release Date: February 11, 2026
T-Mobile US, Inc. (NASDAQ: TMUS) reported its financial results for the fourth quarter of 2025, highlighting significant growth across several key metrics and maintaining its position as a leading player in the wireless market. Below is a summary of the company’s performance and operational highlights from the report.
Key Financial Metrics
- Total Service Revenues
- Q4 2025: $18.7 billion (up 10% from Q4 2024)
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Full Year 2025: $71.3 billion (up 8% from 2024)
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Postpaid Service Revenues
- Q4 2025: $15.4 billion (up 14% from Q4 2024)
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Full Year 2025: $57.9 billion (up 11% from 2024)
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Net Income
- Q4 2025: $2.1 billion (down 22.5% from Q4 2024; impacted by severance and other costs)
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Full Year 2025: $11.0 billion (down 3.1% from 2024)
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Diluted Earnings Per Share (EPS)
- Q4 2025: $1.88 (down 22% from Q4 2024)
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Full Year 2025: $9.72 (up 0.6% from 2024)
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Core Adjusted EBITDA
- Q4 2025: $8.4 billion (up 7% from Q4 2024)
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Full Year 2025: $33.9 billion (up 6.7% from 2024)
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Net Cash Provided by Operating Activities
- Q4 2025: $6.7 billion (up 20% from Q4 2024)
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Full Year 2025: $28.0 billion (up 25% from 2024)
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Adjusted Free Cash Flow
- Q4 2025: $4.2 billion (up 2% from Q4 2024)
- Full Year 2025: $18.0 billion (up 6% from 2024)
Customer Growth Highlights
- Postpaid Net Customer Additions
- Q4 2025: 2.4 million (up from 2.0 million in Q4 2024)
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Full Year 2025: 7.8 million (up from 6.3 million in 2024)
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Postpaid Phone Net Customer Additions
- Q4 2025: 962,000 (up from 903,000 in Q4 2024)
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Full Year 2025: 3.3 million (up from 3.1 million in 2024)
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Total Broadband Net Customer Additions
- Q4 2025: 558,000 (up from 432,000 in Q4 2024)
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Full Year 2025: 2.0 million (up from 1.7 million in 2024)
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5G Broadband Customers
- Total Customers Ending Q4 2025: 142.4 million
Shareholder Returns and Corporate Actions
- Stockholder Returns
- Cumulative to December 31, 2025: $45.4 billion
- Share Repurchases: 216 million shares repurchased for $37.2 billion since the initiation of the return program; 11.9 million shares repurchased for $2.5 billion in Q4 2025.
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Cash Dividends: $8.2 billion total dividends paid since initiation, with $1.1 billion in Q4 2025.
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Dividends
- Cash dividends of $4.1 billion for the full year 2025.
Network Recognition and Leadership
- T-Mobile ranked highest in network quality for the first time across five of six regions in the J.D. Power 2026 U.S. Wireless Network Quality Study.
- T-Mobile won all five overall network experience categories from Opensignal, reaffirming their network reliability and consistency.
- Recognized as the Best Mobile Network in the U.S. by Ookla, highlighting outstanding performance in 5G connectivity and customer experience.
Outlook for 2026
- Management projects continued growth, expecting postpaid net account additions between 900,000 and 1.0 million.
- Core Adjusted EBITDA forecasted to range between $37 billion and $37.5 billion.
- Anticipate cash purchases of property and equipment approximately $10 billion and adjusted free cash flow between $18 billion and $18.7 billion.
The results underscore T-Mobile’s focus on maintaining its market leadership through innovative services and robust customer engagement strategies. For further financial details and metrics, refer to the T-Mobile Investor Relations website.
Condensed Consolidated Statements of Income (in millions)
| Q4 2025 | Q4 2024 | Year Ended December 31, 2025 | Year Ended December 31, 2024 | |
|---|---|---|---|---|
| Total service revenues | 18,700 | 16,900 | 71,300 | 66,100 |
| Postpaid service revenues | 15,400 | 13,500 | 57,900 | 52,300 |
| Total revenues | 24,300 | 21,800 | 88,300 | 81,400 |
| Net income | 2,103 | 2,981 | 10,900 | 11,300 |
| Diluted EPS | 1.88 | 2.57 | 9.72 | 9.66 |
| Adjusted EBITDA | 8,447 | 7,916 | 33,900 | 31,800 |
| Core Adjusted EBITDA | 8,445 | 7,905 | 33,900 | 31,700 |
| Net cash provided by operating activities | 6,654 | 5,549 | 27,900 | 22,200 |
| Cash purchases of property and equipment | 2,469 | 2,212 | 9,955 | 8,840 |
| Adjusted Free Cash Flow | 4,185 | 4,084 | 17,900 | 17,000 |
Condensed Consolidated Balance Sheets (in millions)
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Current assets | 15,941 | 14,982 |
| Property and equipment, net | 28,954 | 26,558 |
| Other long-term assets | 4,655 | 5,211 |
| Total assets | 49,550 | 46,751 |
| Current liabilities | 16,302 | 15,942 |
| Long-term liabilities | 15,447 | 14,487 |
| Total liabilities | 31,749 | 30,429 |
| Total equity | 17,801 | 16,322 |
| Total liabilities and equity | 49,550 | 46,751 |