At&T annual free cash flow
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2025
At&T Free Cash Flow (FCF) History (T)
At&T reported $19.44B in free cash flow for fiscal 2025, an increase of 5.05% from the previous fiscal year, with a free cash flow margin of 15.47%.
View full At&T company overviewAt&T free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $19.44B | $934.0M | +5.05% | +15.47% |
| 2024 | 2024-12-31 | $18.51B | −$1.95B | −9.54% | +15.13% |
| 2023 | 2023-12-31 | $20.46B | $4.28B | +26.41% | +16.71% |
| 2022 | 2022-12-31 | $16.19B | −$10.23B | −38.72% | +13.41% |
| 2021 | 2021-12-31 | $26.41B | −$2.03B | −7.13% | +19.70% |
| 2020 | 2020-12-31 | $28.44B | −$593.0M | −2.04% | +19.88% |
| 2019 | 2019-12-31 | $29.03B | $6.68B | +29.90% | +16.02% |
| 2018 | 2018-12-31 | $22.35B | $4.99B | +28.73% | +13.09% |
| 2017 | 2017-12-31 | $17.36B | $437.0M | +2.58% | +10.81% |
| 2016 | 2016-12-31 | $16.93B | $264.0M | +1.58% | +10.33% |
| 2015 | 2015-12-31 | $16.66B | $6.52B | +64.34% | +11.35% |
| 2014 | 2014-12-31 | $10.14B | −$3.71B | −26.80% | +7.66% |
| 2013 | 2013-12-31 | $13.85B | −$5.86B | −29.72% | +10.76% |
| 2012 | 2012-12-31 | $19.71B | $5.08B | +34.70% | +15.47% |
| 2011 | 2011-12-31 | $14.63B | −$1.06B | −6.75% | +11.55% |
| 2010 | 2010-12-31 | $15.69B | −$2.16B | −12.09% | +12.63% |
| 2009 | 2009-12-31 | $17.85B | $3.87B | +27.70% | +14.57% |
| 2008 | 2008-12-31 | $13.98B | −$2.55B | −15.41% | +11.32% |
| 2007 | 2007-12-31 | $16.52B | — | — | +13.89% |
At&T quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $5.10B | $235.0M | +4.83% | +16.16% |
| Q1 2026 | 2026-03-31 | $2.72B | −$2.05B | −43.04% | +8.63% |
| Q4 2025 | 2025-12-31 | $4.54B | −$514.0M | −10.17% | +13.56% |
| Q3 2025 | 2025-09-30 | $5.26B | $332.0M | +6.73% | +17.14% |
| Q2 2025 | 2025-06-30 | $4.87B | $133.0M | +2.81% | +15.77% |
| Q1 2025 | 2025-03-31 | $4.77B | $983.0M | +25.94% | +15.58% |
| Q4 2024 | 2024-12-31 | $5.05B | −$1.72B | −25.44% | +15.64% |
| Q3 2024 | 2024-09-30 | $4.93B | −$756.0M | −13.29% | +16.33% |
| Q2 2024 | 2024-06-30 | $4.73B | −$919.0M | −16.26% | +15.88% |
| Q1 2024 | 2024-03-31 | $3.79B | $1.45B | +61.72% | +12.62% |
| Q4 2023 | 2023-12-31 | $6.78B | −$1.24B | −15.47% | +21.16% |
| Q3 2023 | 2023-09-30 | $5.69B | $1.52B | +36.33% | +18.74% |
| Q2 2023 | 2023-06-30 | $5.65B | $2.82B | +99.58% | +18.89% |
| Q1 2023 | 2023-03-31 | $2.34B | $1.18B | +101.29% | +7.77% |
| Q4 2022 | 2022-12-31 | $8.02B | $257.0M | +3.31% | +25.58% |
| Q3 2022 | 2022-09-30 | $4.17B | −$1.22B | −22.66% | +13.89% |
| Q2 2022 | 2022-06-30 | $2.83B | −$4.53B | −61.53% | +9.55% |
| Q1 2022 | 2022-03-31 | $1.16B | −$4.73B | −80.25% | +3.92% |
| Q4 2021 | 2021-12-31 | $7.76B | −$915.0M | −10.55% | +24.96% |
| Q3 2021 | 2021-09-30 | $5.40B | −$2.88B | −34.77% | +17.23% |
| Q2 2021 | 2021-06-30 | $7.36B | −$231.0M | −3.04% | +20.60% |
| Q1 2021 | 2021-03-31 | $5.89B | $1.99B | +51.13% | +16.43% |
| Q4 2020 | 2020-12-31 | $8.68B | $524.0M | +6.43% | +51.09% |
| Q3 2020 | 2020-09-30 | $8.27B | $2.18B | +35.87% | +19.54% |
| Q2 2020 | 2020-06-30 | $7.59B | −$1.27B | −14.33% | +18.54% |
| Q1 2020 | 2020-03-31 | $3.90B | −$2.03B | −34.24% | +9.12% |
| Q4 2019 | 2019-12-31 | $8.15B | $627.0M | +8.33% | +17.41% |
| Q3 2019 | 2019-09-30 | $6.09B | −$522.0M | −7.90% | +13.65% |
| Q2 2019 | 2019-06-30 | $8.86B | $3.64B | +69.56% | +19.71% |
| Q1 2019 | 2019-03-31 | $5.93B | $2.94B | +98.36% | +13.23% |
| Q4 2018 | 2018-12-31 | $7.52B | $3.37B | +81.04% | +15.68% |
| Q3 2018 | 2018-09-30 | $6.61B | $813.0M | +14.02% | +14.45% |
| Q2 2018 | 2018-06-30 | $5.23B | $998.0M | +23.60% | +13.41% |
| Q1 2018 | 2018-03-31 | $2.99B | −$191.0M | −6.00% | +7.86% |
| Q4 2017 | 2017-12-31 | $4.16B | $1.15B | +38.21% | +9.97% |
| Q3 2017 | 2017-09-30 | $5.80B | $383.0M | +7.07% | +12.67% |
| Q2 2017 | 2017-06-30 | $4.23B | −$827.0M | −16.36% | +10.85% |
| Q1 2017 | 2017-03-31 | $3.18B | −$268.0M | −7.77% | +8.36% |
| Q4 2016 | 2016-12-31 | $3.01B | −$316.0M | −9.51% | +7.19% |
| Q3 2016 | 2016-09-30 | $5.41B | −$355.0M | −6.15% | +13.24% |
| Q2 2016 | 2016-06-30 | $5.06B | $376.0M | +8.03% | +12.48% |
| Q1 2016 | 2016-03-31 | $3.45B | $559.0M | +19.34% | +8.51% |
| Q4 2015 | 2015-12-31 | $3.32B | $1.95B | +141.67% | +7.89% |
| Q3 2015 | 2015-09-30 | $5.77B | $2.23B | +62.78% | +14.76% |
| Q2 2015 | 2015-06-30 | $4.68B | $2.54B | +119.00% | +14.18% |
| Q1 2015 | 2015-03-31 | $2.89B | −$193.0M | −6.26% | +8.87% |
| Q4 2014 | 2014-12-31 | $1.38B | −$1.16B | −45.82% | +3.99% |
| Q3 2014 | 2014-09-30 | $3.54B | $276.0M | +8.45% | +10.75% |
| Q2 2014 | 2014-06-30 | $2.14B | −$1.96B | −47.87% | +6.56% |
| Q1 2014 | 2014-03-31 | $3.08B | −$864.0M | −21.89% | +9.49% |
| Q4 2013 | 2013-12-31 | $2.54B | −$2.14B | −45.70% | +7.65% |
| Q3 2013 | 2013-09-30 | $3.27B | −$3.19B | −49.36% | +10.16% |
| Q2 2013 | 2013-06-30 | $4.10B | −$900.0M | −18.00% | +12.78% |
| Q1 2013 | 2013-03-31 | $3.95B | $363.0M | +10.13% | +12.59% |
| Q4 2012 | 2012-12-31 | $4.67B | $2.57B | +121.73% | +14.35% |
| Q3 2012 | 2012-09-30 | $6.45B | $1.28B | +24.76% | +20.52% |
| Q2 2012 | 2012-06-30 | $5.00B | $1.25B | +33.20% | +15.83% |
| Q1 2012 | 2012-03-31 | $3.58B | −$15.0M | −0.42% | +11.26% |
| Q4 2011 | 2011-12-31 | $2.11B | −$1.40B | −39.98% | +6.49% |
| Q3 2011 | 2011-09-30 | $5.17B | $948.0M | +22.44% | +16.43% |
| Q2 2011 | 2011-06-30 | $3.75B | −$112.0M | −2.90% | +11.92% |
| Q1 2011 | 2011-03-31 | $3.60B | −$491.0M | −12.00% | +11.52% |
| Q4 2010 | 2010-12-31 | $3.51B | $71.0M | +2.06% | +11.20% |
| Q3 2010 | 2010-09-30 | $4.22B | −$1.43B | −25.29% | +13.38% |
| Q2 2010 | 2010-06-30 | $3.87B | −$148.0M | −3.69% | +12.55% |
| Q1 2010 | 2010-03-31 | $4.09B | −$652.0M | −13.75% | +13.40% |
| Q4 2009 | 2009-12-31 | $3.44B | — | — | +11.21% |
| Q3 2009 | 2009-09-30 | $5.66B | $1.46B | +34.64% | +18.40% |
| Q2 2009 | 2009-06-30 | $4.01B | — | — | +13.11% |
| Q1 2009 | 2009-03-31 | $4.74B | — | — | +15.57% |
| Q3 2008 | 2008-09-30 | $4.20B | — | — | +13.40% |
At&T free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $28.44B to $19.44B, a compound annual decline of 7.33%. At&T's latest reported quarter, Q2 2026, generated $5.10B in free cash flow, an increase of 4.83% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
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