At&T annual return on equity
2008
2009
2010
2011
2012
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2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
At&T Return on Equity (ROE) Growth & History (T)
At&T's return on equity was 17.94% for fiscal 2025.
View full At&T company overviewAt&T annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 17.94% | +8.65 pp |
| 2024 | 2024-12-31 | 9.29% | −3.57 pp |
| 2023 | 2023-12-31 | 12.86% | +18.74 pp |
| 2022 | 2022-12-31 | −5.87% | −16.93 pp |
| 2021 | 2021-12-31 | 11.06% | +13.78 pp |
| 2020 | 2020-12-31 | −2.72% | −9.74 pp |
| 2019 | 2019-12-31 | 7.02% | −4.51 pp |
| 2018 | 2018-12-31 | 11.53% | −10.60 pp |
| 2017 | 2017-12-31 | 22.13% | +11.66 pp |
| 2016 | 2016-12-31 | 10.48% | −2.00 pp |
| 2015 | 2015-12-31 | 12.48% | +5.51 pp |
| 2014 | 2014-12-31 | 6.97% | −12.39 pp |
| 2013 | 2013-12-31 | 19.36% | +12.15 pp |
| 2012 | 2012-12-31 | 7.21% | +3.59 pp |
| 2011 | 2011-12-31 | 3.62% | −14.95 pp |
| 2010 | 2010-12-31 | 18.57% | +6.33 pp |
| 2009 | 2009-12-31 | 12.24% | +14.72 pp |
| 2008 | 2008-12-31 | −2.48% | — |
At&T quarterly return on equity
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Q2.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.67% | −0.06 pp |
| Q1 2026 | 2026-03-31 | 3.04% | −0.62 pp |
| Q4 2025 | 2025-12-31 | 2.99% | −0.49 pp |
| Q3 2025 | 2025-09-30 | 7.51% | +7.65 pp |
| Q2 2025 | 2025-06-30 | 3.73% | +0.71 pp |
| Q1 2025 | 2025-03-31 | 3.65% | +0.74 pp |
| Q4 2024 | 2024-12-31 | 3.48% | +1.62 pp |
| Q3 2024 | 2024-09-30 | −0.15% | −3.14 pp |
| Q2 2024 | 2024-06-30 | 3.02% | −0.98 pp |
| Q1 2024 | 2024-03-31 | 2.92% | −1.02 pp |
| Q4 2023 | 2023-12-31 | 1.86% | +20.95 pp |
| Q3 2023 | 2023-09-30 | 2.99% | −1.39 pp |
| Q2 2023 | 2023-06-30 | 4.00% | +1.42 pp |
| Q1 2023 | 2023-03-31 | 3.94% | +1.34 pp |
| Q4 2022 | 2022-12-31 | −19.09% | −21.85 pp |
| Q3 2022 | 2022-09-30 | 4.38% | +1.10 pp |
| Q2 2022 | 2022-06-30 | 2.58% | +1.72 pp |
| Q1 2022 | 2022-03-31 | 2.60% | −1.57 pp |
| Q4 2021 | 2021-12-31 | 2.76% | +10.18 pp |
| Q3 2021 | 2021-09-30 | 3.28% | +1.83 pp |
| Q2 2021 | 2021-06-30 | 0.87% | +0.21 pp |
| Q1 2021 | 2021-03-31 | 4.17% | +1.85 pp |
| Q4 2020 | 2020-12-31 | −7.42% | −8.63 pp |
| Q3 2020 | 2020-09-30 | 1.45% | −0.46 pp |
| Q2 2020 | 2020-06-30 | 0.66% | −1.25 pp |
| Q1 2020 | 2020-03-31 | 2.32% | +0.21 pp |
| Q4 2019 | 2019-12-31 | 1.21% | −1.36 pp |
| Q3 2019 | 2019-09-30 | 1.91% | −0.65 pp |
| Q2 2019 | 2019-06-30 | 1.91% | −1.19 pp |
| Q1 2019 | 2019-03-31 | 2.11% | −1.12 pp |
| Q4 2018 | 2018-12-31 | 2.56% | −11.64 pp |
| Q3 2018 | 2018-09-30 | 2.56% | −1.19 pp |
| Q2 2018 | 2018-06-30 | 3.10% | −0.99 pp |
| Q1 2018 | 2018-03-31 | 3.23% | −0.52 pp |
| Q4 2017 | 2017-12-31 | 14.20% | +12.24 pp |
| Q3 2017 | 2017-09-30 | 3.74% | +1.07 pp |
| Q2 2017 | 2017-06-30 | 4.09% | +1.35 pp |
| Q1 2017 | 2017-03-31 | 3.74% | +0.68 pp |
| Q4 2016 | 2016-12-31 | 1.96% | −1.29 pp |
| Q3 2016 | 2016-09-30 | 2.67% | −0.17 pp |
| Q2 2016 | 2016-06-30 | 2.74% | −0.79 pp |
| Q1 2016 | 2016-03-31 | 3.07% | −0.61 pp |
| Q4 2015 | 2015-12-31 | 3.25% | +7.61 pp |
| Q3 2015 | 2015-09-30 | 2.85% | −0.52 pp |
| Q2 2015 | 2015-06-30 | 3.53% | −0.41 pp |
| Q1 2015 | 2015-03-31 | 3.68% | −0.29 pp |
| Q4 2014 | 2014-12-31 | −4.36% | −12.01 pp |
| Q3 2014 | 2014-09-30 | 3.37% | −1.05 pp |
| Q2 2014 | 2014-06-30 | 3.94% | −0.44 pp |
| Q1 2014 | 2014-03-31 | 3.97% | −0.06 pp |
| Q4 2013 | 2013-12-31 | 7.65% | +11.57 pp |
| Q3 2013 | 2013-09-30 | 4.42% | +0.87 pp |
| Q2 2013 | 2013-06-30 | 4.38% | +0.64 pp |
| Q1 2013 | 2013-03-31 | 4.02% | +0.62 pp |
| Q4 2012 | 2012-12-31 | −3.92% | +2.16 pp |
| Q3 2012 | 2012-09-30 | 3.55% | +0.37 pp |
| Q2 2012 | 2012-06-30 | 3.74% | +0.57 pp |
| Q1 2012 | 2012-03-31 | 3.40% | +0.37 pp |
| Q4 2011 | 2011-12-31 | −6.08% | −7.05 pp |
| Q3 2011 | 2011-09-30 | 3.18% | −8.19 pp |
| Q2 2011 | 2011-06-30 | 3.16% | −0.72 pp |
| Q1 2011 | 2011-03-31 | 3.03% | +0.63 pp |
| Q4 2010 | 2010-12-31 | 0.97% | −1.74 pp |
| Q3 2010 | 2010-09-30 | 11.37% | +8.20 pp |
| Q2 2010 | 2010-06-30 | 3.89% | +0.66 pp |
| Q1 2010 | 2010-03-31 | 2.40% | — |
| Q4 2009 | 2009-12-31 | 2.70% | — |
| Q3 2009 | 2009-09-30 | 3.17% | — |
| Q2 2009 | 2009-06-30 | 3.23% | — |
At&T return on equity trends
Over the last five fiscal years, At&T's return on equity increased from −2.72% to 17.94%, a change of +20.66 percentage points. The latest reported quarter, Q2 2026, shows 3.67%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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