T-Mobile US (TMUS) Q2 2025 Earnings
How Did TMUS Stock React to Q2 2025 Earnings?
S&P 500 over the same 30 days: +1.27%.
Did TMUS Beat Earnings? Q2 2025 Results
Yes. T-Mobile US reported Q2 2025 earnings of $2.84 a share on Jul 23, 2025, beating the $2.69 consensus estimate by 5.6%. Revenue was $21.1B against a $21.0B estimate.
T-Mobile US capped off a record-setting second quarter, posting diluted EPS of $2.84 against a consensus estimate of $2.69, a 5.55% beat, while revenue of $21.13 billion edged past the $20.98 billion forecast and climbed 6.9% year-over-year. The headline numbers were anchored by an extraordinary run of customer growth: the carrier added 1.7 million postpaid net customers and 830 thousand postpaid phone net additions in the quarter, both all-time Q2 records that fueled postpaid service revenue growth of 9.1% and lifted net income to an all-time record of $3.22 billion. The momentum was broad-based, with postpaid phone ARPU rising 3% to $50.62 on the back of rate plan optimization and premium tier adoption. Management responded by raising full-year guidance, lifting postpaid net customer addition expectations to 6.1 million to 6.4 million and bumping Adjusted Free Cash Flow guidance to $17.6 billion to $18.0 billion, moves that underscore growing confidence ahead of the pending UScellular acquisition closing and as <a href="https://247wallst.com/investing/2025/07/23/live-coverage-will-att-nyse-t-stock-beat-q2-earnings-projections/">rivals report their own results</a>.
- Record postpaid net customer additions of 1.7 million in Q2
- Postpaid phone net additions of 830 thousand, best-ever Q2
- 5G broadband net customer additions of 454 thousand, up 12% YoY
- Postpaid ARPA grew 5% YoY to $149.87 driven by rate plan optimizations and higher fee revenue
- Postpaid phone ARPU grew 3% YoY to $50.62
- Higher premium service adoption including high-end rate plans
- Service revenue growth rate more than double closest wireless competitors
- Network recognition from Ookla (back-to-back Best Mobile Network) and Opensignal (best Overall Experience four consecutive years)
“T-Mobile crushed our own growth records with the best-ever total postpaid and postpaid phone nets in a Q2 in our history.”
T-Mobile US CEO, on the earnings call
What Was T-Mobile US's Outlook in Q2 2025?
T-Mobile raised its full-year 2025 guidance across all key metrics. Postpaid net customer additions are now expected between 6.1 million and 6.4 million, up from the prior range of 5.5 million to 6.0 million, including 2.95 million to 3.10 million postpaid phone net additions and approximately 100 thousand fiber net customer additions. Core Adjusted EBITDA is expected between $33.3 billion and $33.7 billion (prior: $33.2–$33.7 billion). Net cash provided by operating activities is expected between $27.1 billion and $27.5 billion (prior: $27.0–$27.5 billion). Capital expenditures remain at approximately $9.5 billion. Adjusted Free Cash Flow is expected between $17.6 billion and $18.0 billion (prior: $17.5–$18.0 billion). The effective tax rate is expected to be 24%–26%. Guidance includes Metronet but excludes the pending UScellular acquisition. The company continues to target a net debt to Core Adjusted EBITDA ratio of approximately 2.5x at year-end 2025.
TMUS YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $21.1B | $19.8B | +6.9% |
| Operating Income | $5.2B | $4.6B | +12.6% |
| Net Income | $3.2B | $2.9B | +10.2% |
TMUS Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.