A plain-English look at T-Mobile's revenue, profits, and market value, drawn strictly from public filings and market data.
From Merger to Market Leader
Few American telecom stories involve as much consolidation as this one. T-Mobile US, Inc. traces its current shape to Deutsche Telekom's 2013 merger of its T-Mobile USA unit with prepaid specialist MetroPCS, followed by a landmark 2020 combination with Sprint. The result is the second-largest wireless carrier in the country, headquartered in Bellevue, Washington, and employing roughly 75,000 people.
Who T-Mobile Serves
The company now counts about 86 million postpaid and 26 million prepaid phone customers, which together add up to around 30% of the US retail wireless market. That is a substantial share of a market that touches nearly every American household.
Beyond the Phone Business
T-Mobile hasn't stood still with wireless-only ambitions. Starting in 2021, it pushed aggressively into fixed-wireless broadband, an internet service delivered over its cellular network rather than cables. That business now serves 8 million residential and business customers.
A Foothold in Fiber
The company has also stepped into fiber broadband, though through joint ventures with fiber network owners rather than building everything itself. That arm currently serves 1 million fiber broadband customers, a smaller but growing complement to its wireless-delivered internet service.
Sizing Up the Revenue
In fiscal year 2025, T-Mobile generated $88.3 billion in revenue. That figure puts it among the largest companies in American telecom, reflecting a business that spans phone plans, broadband, and enterprise services across tens of millions of customers.
Growth Over Time
That revenue figure represents 10% growth from fiscal year 2021 to fiscal year 2025. It's not explosive growth, but it is steady expansion for a company already operating at massive scale, suggesting the business has found ways to keep adding customers and revenue even after years of rapid market share gains.
Profitability in Plain Terms
T-Mobile is solidly profitable. The company reported net income of $11.0 billion in fiscal year 2025, meaning that after all expenses, taxes, and costs of running a nationwide wireless and broadband network, billions of dollars remained as profit.
What Its Balance Sheet Shows
T-Mobile's total assets stand at $219.2 billion, a figure that reflects everything from spectrum licenses and network infrastructure to cash and equipment. It's a useful reminder of just how capital-intensive running a national wireless carrier really is.
How the Market Values the Company
Investors currently value T-Mobile at a market capitalization of $192.7 billion, with shares recently trading at $177.52 on a 15-minute delayed basis. The stock is trading 31% below its 52-week high, though no single figure like this tells the whole story of a company's health.
Reading the P/E Ratio
T-Mobile trades at a price-to-earnings ratio of 18.3, a way of comparing its stock price to its profits per share. The company also pays a dividend yielding about 2.3% annually, meaning shareholders receive a portion of profits as regular cash payments.
A Public Company Since 2007
T-Mobile has traded on the NASDAQ exchange under the ticker TMUS since its April 2007 initial public offering, giving investors nearly two decades of history to track alongside the company's evolution from a single carrier into the broadband and wireless giant it is today.
The Bottom Line
This snapshot draws entirely from public filings and market data as reported, and it is intended as factual reporting, not investment advice.
