Filing Flows › T-Mobile US (TMUS) › Q1 2026
T-Mobile US (TMUS) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
T-Mobile US (TMUS) reported revenue of $23.1B for the first quarter 2026 (Q1 2026), +11% from a year earlier and -5% from the quarter before. Operating margin was 19.5%, net earnings $2.5B (10.8% of revenue).
T-Mobile US, Q1 2026: revenue $23.1B (+11% year over year), operating margin 19.5%, net earnings $2.5B, operating cash flow $7.2B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.1B | -5% | +11% |
| Operating profit | $4.5B | +20% | -6% |
| Net earnings | $2.5B | +19% | -15% |
| Operating cash flow | $7.2B | +9% | +5% |
| Free cash flow | $4.6B | — | +5% |
What changed
Revenue was $23.1B in Q1 2026, up 11% year over year and down 5% from the previous quarter. Postpaid revenues was the largest line at 68% of revenue. Postpaid revenues added $2.0B year over year (up 15%), 92% of the total change. Prepaid revenues declined 5%.
Operating profit was $4.5B, a 19.5% margin (down 3.5 points year over year). Operating profit fell $0.30B even though revenue rose $2.2B versus Q1 2025, so costs grew faster than sales. Total costs grew 16% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $2.5B, down 15% year over year. The effective tax rate was 24.9%.
Operating cash flow was $7.2B (up 5% year over year), 288% of net earnings. Non-cash charges added back $3.8B of depreciation and amortization and $0.21B of share-based compensation. Working capital and other items added $0.69B. After cash purchases of property and equipment, including capitalized interest ($2.6B), adjusted free cash flow as the company reports it was $4.6B.
Questions
What was T-Mobile US' revenue in the first quarter 2026?
T-Mobile US (TMUS) reported revenue of $23.1B for the first quarter 2026 (Q1 2026), +11% from a year earlier and -5% from the quarter before.
Was T-Mobile US profitable in the first quarter 2026?
Operating profit was $4.5B (19.5% of revenue) and net earnings $2.5B.
Source: T-Mobile US 10-Q on SEC EDGAR.