At&T annual free cash flow
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2024
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% | +33.69% |
| 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% | +13.41% |
| 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% | +14.61% |
| Q2 2017 | 2017-06-30 | $4.23B | −$827.0M | −16.36% | +10.62% |
| Q1 2017 | 2017-03-31 | $3.18B | −$268.0M | −7.77% | +8.08% |
| 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 | −$759.0M | −18.07% | +11.25% |
| Q3 2009 | 2009-09-30 | $5.66B | — | — | +18.40% |
| Q2 2009 | 2009-06-30 | $4.01B | — | — | +13.11% |
| Q1 2009 | 2009-03-31 | $4.74B | — | — | +15.51% |
| 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 SEC-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.
Review At&T filings at SEC.gov ↗