Filing Flows › T-Mobile US (TMUS) › Q2 2025
T-Mobile US (TMUS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 23, 2025
T-Mobile US (TMUS) reported revenue of $21.1B for the second quarter 2025 (Q2 2025), +7% from a year earlier and +1% from the quarter before. Operating margin was 24.7%, net earnings $3.2B (15.2% of revenue).
T-Mobile US, Q2 2025: revenue $21.1B (+7% year over year), operating margin 24.7%, net earnings $3.2B, operating cash flow $7.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.1B | +1% | +7% |
| Operating profit | $5.2B | +9% | +13% |
| Net earnings | $3.2B | +9% | +10% |
| Operating cash flow | $7.0B | +2% | +27% |
| Free cash flow | $4.6B | — | +4% |
What changed
Revenue was $21.1B in Q2 2025, up 7% year over year and up 1% from the previous quarter. Postpaid phone revenues was the largest line at 57% of revenue. Postpaid phone revenues added $0.81B year over year (up 7%), 59% of the total change. Wholesale and other service revenues declined 24%.
Operating profit was $5.2B, a 24.7% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 43% reached operating profit, above the 23% margin then. Total costs grew 5% against revenue growth of 7%. Net earnings were $3.2B, up 10% year over year. The effective tax rate was 24.7%.
Operating cash flow was $7.0B (up 27% year over year), 217% of net earnings. Non-cash charges added back $3.1B of depreciation and amortization and $0.20B of share-based compensation. Working capital and other items added $0.42B. After cash purchases of property and equipment, including capitalized interest ($2.4B), adjusted free cash flow as the company reports it was $4.6B.
Questions
What was T-Mobile US' revenue in the second quarter 2025?
T-Mobile US (TMUS) reported revenue of $21.1B for the second quarter 2025 (Q2 2025), +7% from a year earlier and +1% from the quarter before.
Was T-Mobile US profitable in the second quarter 2025?
Operating profit was $5.2B (24.7% of revenue) and net earnings $3.2B.
Source: T-Mobile US 10-Q on SEC EDGAR.