AT&T INC. Earnings Per Share Disclosure
| Year Ended December 31, | 2025 | 2024 | 2023 | ||||||||||||||
Numerators | |||||||||||||||||
Numerator for basic earnings per share: | |||||||||||||||||
Net Income Attributable to Common Stock | $ | 21,889 | $ | 10,746 | $ | 14,192 | |||||||||||
| Dilutive potential common shares: | |||||||||||||||||
Mobility preferred interests | — | — | 72 | ||||||||||||||
Share-based compensation | 12 | — | 13 | ||||||||||||||
| Numerator for diluted earnings per share | $ | 21,901 | $ | 10,746 | $ | 14,277 | |||||||||||
| Denominators (000,000) | |||||||||||||||||
| Denominator for basic earnings per share: | |||||||||||||||||
| Weighted average number of common shares outstanding | 7,169 | 7,199 | 7,181 | ||||||||||||||
| Dilutive potential common shares: | |||||||||||||||||
| Mobility preferred interests (in shares) | — | — | 71 | ||||||||||||||
Share-based compensation (in shares) | 10 | 5 | 6 | ||||||||||||||
Denominator for diluted earnings per share | 7,179 | 7,204 | 7,258 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 9, 2026 | Showing above |
| 2024 | Feb 12, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 13, 2023 | |
| 2021 | Feb 16, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Feb 20, 2019 | |
| 2017 | Feb 20, 2018 | |
| 2016 | Feb 17, 2017 | |
| 2015 | Feb 18, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.