Filing Flows › T-Mobile US (TMUS) › How it makes money
How T-Mobile US (TMUS) makes money
T-Mobile US (TMUS) made $23.6B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Service brought in $19.4B (82%); Equipment revenues brought in $3.9B (17%); Other revenues brought in $280M (1%). Of every dollar of revenue, 24¢ was left as operating profit, 15¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Service | $19.4B | 82.2% | +2% | +6% |
| ↳ Postpaid revenues | $16.3B | 69.0% | +3% | +9% |
| ↳ Prepaid revenues | $2.4B | 10.3% | -2% | -8% |
| ↳ Wholesale and other service revenues | $679M | 2.9% | +3% | -7% |
| Equipment revenues | $3.9B | 16.7% | +11% | +13% |
| Other revenues | $280M | 1.2% | -1% | +12% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $23.6B | 100.0% |
| Operating profit | $5.7B | 24.0% |
| Income tax | $1.1B | 4.6% |
| Net earnings | $3.5B | 14.6% |
| Operating cash flow | $7.3B | 31.1% |
| Free cash flow | $5.1B | 21.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $23.6B | +7% |
| Q2 2026 | $22.8B | +8% |
| Q1 2026 | $23.1B | +11% |
| Q4 2025 | $24.3B | +11% |
| Q3 2025 | $22.0B | +9% |
| Q2 2025 | $21.1B | +7% |
| Q1 2025 | $20.9B | +7% |
From T-Mobile US' 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does T-Mobile US make money?
T-Mobile US (TMUS) made $23.6B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Service brought in $19.4B (82%); Equipment revenues brought in $3.9B (17%); Other revenues brought in $280M (1%). Of every dollar of revenue, 24¢ was left as operating profit, 15¢ was left as net earnings.
What is T-Mobile US' biggest business?
Service: $19.4B in the third quarter 2026, 82% of revenue, +6% from a year earlier.
What is T-Mobile US' profit margin?
Net earnings were $3.5B, 14.6% of revenue, in the third quarter 2026; the operating margin was 24.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.