TMUS · NASDAQ · Telecommunications Services

T-Mobile (TMUS)

Runs nationwide wireless networks alongside 5G home internet and fiber broadband.

$164.54
vs last close−0.74 (−0.44%)
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T-Mobile US, Inc.TMUS
Communication Services

Sells postpaid and prepaid wireless service, 5G home internet, fiber broadband, devices and wholesale network access across the United States and its territories. Most service revenue comes from postpaid customers, while Deutsche Telekom controls the voting stock and Lumos and Metronet joint ventures supply the fiber networks.

Runs a nationwide wireless and broadband network serving consumers, businesses and wholesale partners across the United States, Puerto Rico and the U.S. Virgin Islands. Postpaid plans, including T-Mobile for Business and 5G Home Internet, generate most service revenue; Metro by T-Mobile, Mint Mobile and Ultra Mobile cover prepaid customers. Device and accessory sales add equipment revenue.

Pairs low-, mid- and high-band spectrum with a standalone 5G network, while the acquired UScellular wireless operations add customers, spectrum and a rural footprint. T-Mobile Fiber sells service over Lumos and Metronet networks operated through noncontrolling joint ventures, with T-Mobile retaining the customer relationships. Deutsche Telekom holds voting control, and operations depend on licensed spectrum, network investment, telecommunications regulation and coordination with fiber joint-venture partners.

Company facts

CEOSrinivasan Gopalan
ListedApr 19, 2007
ExchangeNASDAQ
HeadquartersBellevue, WA
CountryUnited States
Employees75,000
CIK0001283699
ISINUS8725901040

Market cap$177.28B
EPS (ttm)$9.55
P/E (ttm)17.31
ROE18.2%
P/B3.15
P/S1.92
Dividend yieldDiv yield2.47%
Beta−0.34vs XLC 0.99

Price target$233.50+41.3%Average of 54 analysts
ConsensusBuy43 of 54 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 14, 2026Wolfe ResearchDowngrade
Rating: Outperform
Rating: Peer Perform
Jul 24, 2026ScotiabankTarget
Target: $243
Target: $232
Jul 24, 2026Deutsche BankTarget
Target: $285
Target: $250
Jul 24, 2026UBSReiterate
Rating: Target: $255
Rating: BuyTarget: $235
Jul 24, 2026Williams TradingTarget
Target: $261
Target: $260

Next report
Oct 28, 26
in 36 days
EPS estimate
$2.85
Revenue estimate
$23.15B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$2.57$2.58$2.84$2.59$1.88$2.27$2.99Pending
Estimate$2.29$2.47$2.67$2.40$2.05$2.01$2.59$2.85
Surprise+12.2%+4.5%+6.4%+7.9%−8.3%+12.9%+15.4%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$21.87B$20.89B$21.13B$21.96B$24.33B$23.11B$22.79BPending
Estimate$21.33B$20.63B$21.04B$21.91B$24.17B$22.98B$22.95B$23.15B
Surprise+2.5%+1.3%+0.5%+0.2%+0.7%+0.5%−0.7%
Estimate$2.85
ReportedDue Oct 28, 2026
Estimate$23.15B
ReportedDue Oct 28, 2026
View details

Debt to equity206.20%
Current ratio92.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$20.16B$21.87B$20.89B$21.13B$21.96B$24.33B$23.11B$22.79B
Net income$3.06B$2.98B$2.95B$3.22B$2.71B$2.10B$2.50B$3.24B
Net margin15.2%13.6%14.1%15.2%12.4%8.6%10.8%14.2%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$4.80B$4.59B$4.80B$5.21B$4.86B$3.86B$4.50B$5.49B
YoY growth+33.4%+31.8%+20.1%+12.6%+1.4%−15.7%−6.3%+5.3%

Balance sheet, Jun 30, 2026Cash & short-term investments $2.83B · Total debt $116.00B · Total assets $213.55B · Shareholders' equity $56.27B

Revenue
$22.79B
Operating income
$5.49B
Net income
$3.24B
View details

Dividend yield
2.47%
Next ex-date
Nov 28, 26
estimated · in 67 days
Annual dividend
$4.08
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26
Dividend$0.88$0.88$0.88$0.88$1.02$1.02$1.02$1.02
Annual yield1.15%1.13%1.36%1.40%1.77%1.75%2.10%2.25%
Ex-dateNov 27Feb 28May 30Aug 29Nov 26Feb 27May 29Aug 28
Payment dateNov 28Mar 13Jun 12Sep 11Dec 11Mar 12Jun 11Sep 10
View details

Institutions43.83%470.20M shares
1,739 holders · as of Jun 30, 2026
Insiders0.39%4.16M shares
21 holders · as of Sep 14, 2026
Strategic holders54.26%582.07M shares
1 holder · as of Oct 31, 2025
Other1.52%16.24M shares
remainder

1.07B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Deutsche Telekom AGStrategicdirector, 10 percent owner
54.26%582.07Mfiled Oct 31, 2025
BlackRock, Inc.Institution
3.68%39.50Mas of Jun 30, 2026
Invesco Ltd.Institution
2.97%31.88Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
2.74%29.36Mas of Jun 30, 2026
Price T Rowe Associates Inc /MD/Institution
2.38%25.48Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 10, 2026Daniel James Drobacofficer: VP & Chief Accounting Officer−772$178.33
May 21, 2026Jon Freierofficer: Chief Operating Officer−4,799$190.00
May 1, 2026Michael J. Katzofficer: Chief Bus. and Prod. Officer−5,000$195.81
May 1, 2026Andre Almeidaofficer: Chief Broadband, Ent. & Emerg+5,097$196.18
Mar 10, 2026Srikant M. Datardirector−1,000$218.25
View details

  • Verizon

    Largest U.S. carrier; direct rival in postpaid, enterprise, and FWA broadband.

  • AT&T

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  • Charter Communications

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  • Comcast

    Xfinity Mobile MVNO bundles wireless with Comcast broadband at a discount.

  • EchoStar

    Boost Mobile MVNO in bankruptcy; ~7.5M prepaid subs on AT&T; failed 4th carrier.

Compare

CompanyPriceChange
T-Mobile$164.54−0.44%$177.28B17.313.11.9+7.9%
Verizon$47.36−0.67%$199.09B12.49.31.4−0.7%
AT&T$25.38−0.29%$174.53B8.510.51.4+2.3%
Charter Communications$121.74−1.31%$16.62B3.22.80.3−1.7%
Comcast$22.86−0.33%$81.37B7.46.60.7−1.2%
EchoStar$86.98−5.04%$25.07B38.31.7−5.2%
Median7.99.31.4−1.2%