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T-Mobile US (TMUS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 23, 2025
T-Mobile US (TMUS) reported revenue of $22.0B for the third quarter 2025 (Q3 2025), +9% from a year earlier and +4% from the quarter before. Operating margin was 20.6%, net earnings $2.7B (12.4% of revenue).
T-Mobile US, Q3 2025: revenue $22.0B (+9% year over year), operating margin 20.6%, net earnings $2.7B, operating cash flow $7.5B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.0B | +4% | +9% |
| Operating profit | $4.5B | -13% | -6% |
| Net earnings | $2.7B | -16% | -11% |
| Operating cash flow | $7.5B | +7% | +21% |
| Free cash flow | $4.8B | — | -7% |
What changed
Revenue was $22.0B in Q3 2025, up 9% year over year and up 4% from the previous quarter. Postpaid phone revenues was the largest line at 58% of revenue. Postpaid phone revenues added $1.0B year over year (up 9%), 58% of the total change. Prepaid revenues declined 3%.
Operating profit was $4.5B, a 20.6% margin (down 3.2 points year over year). Operating profit fell $0.27B even though revenue rose $1.8B versus a year earlier, so costs grew faster than sales. Total costs grew 13% against revenue growth of 9%. The fastest-growing cost line was SG&A (+16%). Net earnings were $2.7B, down 11% year over year. The effective tax rate was 23.1%.
Operating cash flow was $7.5B (up 21% year over year), 275% of net earnings. Non-cash charges added back $3.4B of depreciation and amortization and $0.23B of share-based compensation. Working capital and other items added $1.1B. After cash purchases of property and equipment, including capitalized interest ($2.6B), adjusted free cash flow as the company reports it was $4.8B.
Questions
What was T-Mobile US' revenue in the third quarter 2025?
T-Mobile US (TMUS) reported revenue of $22.0B for the third quarter 2025 (Q3 2025), +9% from a year earlier and +4% from the quarter before.
Was T-Mobile US profitable in the third quarter 2025?
Operating profit was $4.5B (20.6% of revenue) and net earnings $2.7B.
Source: T-Mobile US 10-Q on SEC EDGAR.