At&T annual net debt
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2025
At&T Net Debt Growth & History (T)
At&T's net debt was $140.39B for fiscal 2025.
View full At&T company overviewAt&T annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $140.39B | −$768.0M | −0.54% |
| 2024 | 2024-12-31 | $141.16B | −$10.54B | −6.95% |
| 2023 | 2023-12-31 | $151.70B | −$2.69B | −1.74% |
| 2022 | 2022-12-31 | $154.40B | −$24.36B | −13.63% |
| 2021 | 2021-12-31 | $178.76B | $3.70B | +2.11% |
| 2020 | 2020-12-31 | $175.06B | −$3.64B | −2.03% |
| 2019 | 2019-12-31 | $178.70B | $14.60B | +8.90% |
| 2018 | 2018-12-31 | $164.09B | $88.62B | +117.42% |
| 2017 | 2017-12-31 | $75.47B | −$32.42B | −30.05% |
| 2016 | 2016-12-31 | $107.89B | −$5.50B | −4.85% |
| 2015 | 2015-12-31 | $113.39B | $46.22B | +68.80% |
| 2014 | 2014-12-31 | $67.17B | $1.20B | +1.83% |
| 2013 | 2013-12-31 | $65.97B | $4.48B | +7.29% |
| 2012 | 2012-12-31 | $61.49B | −$457.0M | −0.74% |
| 2011 | 2011-12-31 | $61.95B | −$3.28B | −5.03% |
| 2010 | 2010-12-31 | $65.22B | −$3.82B | −5.53% |
| 2009 | 2009-12-31 | $69.04B | −$4.22B | −5.76% |
| 2008 | 2008-12-31 | $73.26B | — | — |
At&T quarterly net debt
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Q2.09
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Q1.10
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Q2.22
Q3.22
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Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $136.00B | $5.67B | +4.35% |
| Q1 2026 | 2026-03-31 | $138.53B | $10.72B | +8.39% |
| Q4 2025 | 2025-12-31 | $140.39B | −$768.0M | −0.54% |
| Q3 2025 | 2025-09-30 | $126.84B | −$14.28B | −10.12% |
| Q2 2025 | 2025-06-30 | $130.32B | −$9.12B | −6.54% |
| Q1 2025 | 2025-03-31 | $127.81B | −$11.67B | −8.37% |
| Q4 2024 | 2024-12-31 | $141.16B | −$10.54B | −6.95% |
| Q3 2024 | 2024-09-30 | $141.12B | $691.0M | +0.49% |
| Q2 2024 | 2024-06-30 | $139.44B | −$874.0M | −0.62% |
| Q1 2024 | 2024-03-31 | $139.47B | −$3.37B | −2.36% |
| Q4 2023 | 2023-12-31 | $151.70B | −$2.69B | −1.74% |
| Q3 2023 | 2023-09-30 | $140.43B | −$14.47B | −9.34% |
| Q2 2023 | 2023-06-30 | $140.31B | −$15.52B | −9.96% |
| Q1 2023 | 2023-03-31 | $142.85B | −$44.90B | −23.92% |
| Q4 2022 | 2022-12-31 | $154.40B | −$24.36B | −13.63% |
| Q3 2022 | 2022-09-30 | $154.90B | −$7.21B | −4.45% |
| Q2 2022 | 2022-06-30 | $155.83B | −$13.35B | −7.89% |
| Q1 2022 | 2022-03-31 | $187.75B | $13.07B | +7.48% |
| Q4 2021 | 2021-12-31 | $178.76B | $3.70B | +2.11% |
| Q3 2021 | 2021-09-30 | $162.11B | −$6.66B | −3.94% |
| Q2 2021 | 2021-06-30 | $169.19B | $7.04B | +4.34% |
| Q1 2021 | 2021-03-31 | $174.68B | $12.41B | +7.65% |
| Q4 2020 | 2020-12-31 | $175.06B | −$3.64B | −2.03% |
| Q3 2020 | 2020-09-30 | $168.76B | −$3.96B | −2.29% |
| Q2 2020 | 2020-06-30 | $162.15B | −$11.13B | −6.42% |
| Q1 2020 | 2020-03-31 | $162.27B | −$16.48B | −9.22% |
| Q4 2019 | 2019-12-31 | $178.70B | $14.60B | +8.90% |
| Q3 2019 | 2019-09-30 | $172.72B | $12.87B | +8.05% |
| Q2 2019 | 2019-06-30 | $173.28B | $18.31B | +11.81% |
| Q1 2019 | 2019-03-31 | $178.75B | $93.90B | +110.66% |
| Q4 2018 | 2018-12-31 | $164.09B | $88.62B | +117.42% |
| Q3 2018 | 2018-09-30 | $159.86B | $53.63B | +50.48% |
| Q2 2018 | 2018-06-30 | $154.97B | $47.77B | +44.55% |
| Q1 2018 | 2018-03-31 | $84.85B | −$20.83B | −19.71% |
| Q4 2017 | 2017-12-31 | $75.47B | −$32.42B | −30.05% |
| Q3 2017 | 2017-09-30 | $106.23B | −$5.12B | −4.59% |
| Q2 2017 | 2017-06-30 | $107.21B | −$2.89B | −2.63% |
| Q1 2017 | 2017-03-31 | $105.68B | −$6.41B | −5.72% |
| Q4 2016 | 2016-12-31 | $107.89B | −$5.50B | −4.85% |
| Q3 2016 | 2016-09-30 | $111.34B | −$1.85B | −1.63% |
| Q2 2016 | 2016-06-30 | $110.10B | $25.99B | +30.90% |
| Q1 2016 | 2016-03-31 | $112.10B | $28.27B | +33.72% |
| Q4 2015 | 2015-12-31 | $113.39B | $46.22B | +68.80% |
| Q3 2015 | 2015-09-30 | $113.19B | $45.13B | +66.32% |
| Q2 2015 | 2015-06-30 | $84.11B | $21.85B | +35.09% |
| Q1 2015 | 2015-03-31 | $83.83B | $15.86B | +23.34% |
| Q4 2014 | 2014-12-31 | $67.17B | $1.20B | +1.83% |
| Q3 2014 | 2014-09-30 | $68.06B | $1.08B | +1.61% |
| Q2 2014 | 2014-06-30 | $62.27B | −$5.10B | −7.58% |
| Q1 2014 | 2014-03-31 | $67.96B | $1.15B | +1.73% |
| Q4 2013 | 2013-12-31 | $65.97B | $4.48B | +7.29% |
| Q3 2013 | 2013-09-30 | $66.98B | $5.02B | +8.10% |
| Q2 2013 | 2013-06-30 | $67.37B | $4.71B | +7.52% |
| Q1 2013 | 2013-03-31 | $66.81B | $3.45B | +5.45% |
| Q4 2012 | 2012-12-31 | $61.49B | −$457.0M | −0.74% |
| Q3 2012 | 2012-09-30 | $61.96B | $1.49B | +2.47% |
| Q2 2012 | 2012-06-30 | $62.66B | −$85.0M | −0.14% |
| Q1 2012 | 2012-03-31 | $63.36B | −$279.0M | −0.44% |
| Q4 2011 | 2011-12-31 | $61.95B | −$3.28B | −5.03% |
| Q3 2011 | 2011-09-30 | $60.46B | −$5.26B | −8.00% |
| Q2 2011 | 2011-06-30 | $62.74B | −$5.88B | −8.57% |
| Q1 2011 | 2011-03-31 | $63.64B | −$3.28B | −4.90% |
| Q4 2010 | 2010-12-31 | $65.22B | −$3.82B | −5.53% |
| Q3 2010 | 2010-09-30 | $65.72B | −$846.0M | −1.27% |
| Q2 2010 | 2010-06-30 | $68.62B | −$824.0M | −1.19% |
| Q1 2010 | 2010-03-31 | $66.91B | — | — |
| Q4 2009 | 2009-12-31 | $69.04B | −$4.16B | −5.68% |
| Q3 2009 | 2009-09-30 | $66.57B | — | — |
| Q2 2009 | 2009-06-30 | $69.44B | — | — |
| Q4 2008 | 2008-12-31 | $73.20B | — | — |
At&T net debt trends
Over the last five fiscal years, At&T's net debt decreased from $175.06B to $140.39B, a change of −$34.67B. The latest reported quarter, Q2 2026, shows $136.00B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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