Filing Flows › T-Mobile US (TMUS) › Q1 2025
T-Mobile US (TMUS) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
T-Mobile US (TMUS) reported revenue of $20.9B for the first quarter 2025 (Q1 2025), +7% from a year earlier and -5% from the quarter before. Operating margin was 23.0%, net earnings $3.0B (14.1% of revenue).
T-Mobile US, Q1 2025: revenue $20.9B (+7% year over year), operating margin 23.0%, net earnings $3.0B, operating cash flow $6.8B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.9B | -5% | +7% |
| Operating profit | $4.8B | +5% | +20% |
| Net earnings | $3.0B | -0.9% | +24% |
| Operating cash flow | $6.8B | +23% | +35% |
| Free cash flow | $4.4B | — | +31% |
What changed
Revenue was $20.9B in Q1 2025, up 7% year over year and down 5% from the previous quarter. Postpaid phone revenues was the largest line at 56% of revenue. Postpaid phone revenues added $0.59B year over year (up 5%), 46% of the total change. Wholesale and other service revenues declined 35%.
Operating profit was $4.8B, a 23.0% margin (up 2.6 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 20% margin then. Total costs grew 3% against revenue growth of 7%. Net earnings were $3.0B, up 24% year over year. The effective tax rate was 23.1%.
Operating cash flow was $6.8B (up 35% year over year), 232% of net earnings. Non-cash charges added back $3.2B of depreciation and amortization and $0.19B of share-based compensation. Working capital and other items added $0.51B. After cash purchases of property and equipment, including capitalized interest ($2.5B), adjusted free cash flow as the company reports it was $4.4B.
Questions
What was T-Mobile US' revenue in the first quarter 2025?
T-Mobile US (TMUS) reported revenue of $20.9B for the first quarter 2025 (Q1 2025), +7% from a year earlier and -5% from the quarter before.
Was T-Mobile US profitable in the first quarter 2025?
Operating profit was $4.8B (23.0% of revenue) and net earnings $3.0B.
Source: T-Mobile US 10-Q on SEC EDGAR.