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Carrier Signal

hybrid

AT&T Inc.

Filing regime: GAAP · SEC CIK 0000732717

Appears in: Carrier Signal, Wireless Signal

T
Revenue$31.6BQ2-2026 | SEC structured dataSource detail

SEC structured tag Revenues | SEC structured data | SEC structured tag Revenues | 10-Q | Accessed 2026-08-11

Capital expenditures$5.7BQ2-2026 | SEC structured dataSource detail

SEC structured tag PaymentsToAcquireProductiveAssets | SEC structured data | SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q | Accessed 2026-08-11

Net income$4.6BQ2-2026 | SEC structured dataSource detail

SEC structured tag NetIncomeLoss | SEC structured data | SEC structured tag NetIncomeLoss | 10-Q | Accessed 2026-08-11

Source-reviewed points49Latest: FWA subscribersSource detail

FWA subscribers | 2026-07-29: 2,000,000

AT&T Internet Air Doubles Subscribers in Almost Half the Time | Independently verified | Accessed 2026-08-11

Postpaid phone net adds and churn | Q2-2026: 0.9%

AT&T Inc. Press Release 2nd Quarter 2026, Exhibit 99.1 | Independently verified | Accessed 2026-08-05

Postpaid phone net adds and churn | Q2-2026: 432,000

AT&T Inc. Press Release 2nd Quarter 2026, Exhibit 99.1 | Independently verified | Accessed 2026-08-05

Fiber passings, activations, and take rate | Q2-2026: 12,144,000

Fiber passings, activations, and take rate | Q2-2026: 38,600,000

2Q26 AT&T Financial and Operational Trends | Independently verified | Accessed 2026-08-05

Capex vs. capital investment | Q2-2026: $6.1B

2Q26 AT&T Financial and Operational Trends | Independently verified | Accessed 2026-08-05

Capex vs. capital investment | Q2-2026: $5.7B

AT&T Inc. Press Release 2nd Quarter 2026, Exhibit 99.1 | Independently verified | Accessed 2026-08-05

Postpaid phone net adds and churn | Q1-2026: 0.9%

2Q26 AT&T Financial and Operational Trends | Independently verified | Accessed 2026-08-05

Postpaid phone net adds and churn | Q1-2026: 294,000

2Q26 AT&T Financial and Operational Trends | Independently verified | Accessed 2026-08-05

Fiber passings, activations, and take rate | Q1-2026: 11,800,000

2Q26 AT&T Financial and Operational Trends | Independently verified | Accessed 2026-08-05

SEC structured data

SEC Structured Data Trend Charts

Points render directly from data.sec.gov company-facts provenance and carry the filing tag used for extraction.

Revenue

AT&T Inc. Revenue$35.1B$0Q2-2023Q2-2026$31.6B
Source trail for rendered points

Revenue · Q2-2023: $29.9B

revenue: SEC structured tag Revenues · SEC structured tag Revenues | 10-Q · Accessed 2026-08-11 · SEC structured data

Revenue · Q3-2023: $30.4B

revenue: SEC structured tag Revenues · SEC structured tag Revenues | 10-Q · Accessed 2026-08-11 · SEC structured data

Revenue · Q4-2023: $32B

revenue: SEC structured tag Revenues · SEC structured tag Revenues | 10-K · Accessed 2026-08-11 · SEC structured data

Revenue · Q1-2024: $30B

revenue: SEC structured tag Revenues · SEC structured tag Revenues | 10-Q · Accessed 2026-08-11 · SEC structured data

Revenue · Q2-2024: $29.8B

revenue: SEC structured tag Revenues · SEC structured tag Revenues | 10-Q · Accessed 2026-08-11 · SEC structured data

Revenue · Q3-2024: $30.2B

revenue: SEC structured tag Revenues · SEC structured tag Revenues | 10-Q · Accessed 2026-08-11 · SEC structured data

Revenue · Q1-2025: $30.6B

revenue: SEC structured tag Revenues · SEC structured tag Revenues | 10-Q · Accessed 2026-08-11 · SEC structured data

Revenue · Q2-2025: $30.8B

revenue: SEC structured tag Revenues · SEC structured tag Revenues | 10-Q · Accessed 2026-08-11 · SEC structured data

Revenue · Q3-2025: $30.7B

revenue: SEC structured tag Revenues · SEC structured tag Revenues | 10-Q · Accessed 2026-08-11 · SEC structured data

Revenue · Q4-2025: $35.1B

revenue: SEC structured tag Revenues · SEC structured tag Revenues | 10-K · Accessed 2026-08-11 · SEC structured data

Revenue · Q1-2026: $31.5B

revenue: SEC structured tag Revenues · SEC structured tag Revenues | 10-Q · Accessed 2026-08-11 · SEC structured data

Revenue · Q2-2026: $31.6B

revenue: SEC structured tag Revenues · SEC structured tag Revenues | 10-Q · Accessed 2026-08-11 · SEC structured data

Capital expenditures

AT&T Inc. Capital expenditures$6.4B$0Q1-2021Q2-2026$5.7B
Source trail for rendered points

Capital expenditures · Q1-2021: $4B

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capital expenditures · Q1-2022: $4.6B

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capital expenditures · Q3-2022: $5.9B

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capital expenditures · Q4-2022: $6.4B

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-K · Accessed 2026-08-11 · SEC structured data

Capital expenditures · Q1-2023: $4.3B

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capital expenditures · Q2-2023: $4.3B

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capital expenditures · Q3-2023: $4.6B

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capital expenditures · Q1-2024: $3.8B

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capital expenditures · Q1-2025: $4.3B

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capital expenditures · Q3-2025: $4.9B

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capital expenditures · Q1-2026: $4.9B

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capital expenditures · Q2-2026: $5.7B

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Net income

AT&T Inc. Net income$9.3B-$174MQ1-2023Q2-2026$4.6B
Source trail for rendered points

Net income · Q1-2023: $4.2B

net income: SEC structured tag NetIncomeLoss · SEC structured tag NetIncomeLoss | 10-Q · Accessed 2026-08-11 · SEC structured data

Net income · Q2-2023: $4.5B

net income: SEC structured tag NetIncomeLoss · SEC structured tag NetIncomeLoss | 10-Q · Accessed 2026-08-11 · SEC structured data

Net income · Q3-2023: $3.5B

net income: SEC structured tag NetIncomeLoss · SEC structured tag NetIncomeLoss | 10-Q · Accessed 2026-08-11 · SEC structured data

Net income · Q1-2024: $3.4B

net income: SEC structured tag NetIncomeLoss · SEC structured tag NetIncomeLoss | 10-Q · Accessed 2026-08-11 · SEC structured data

Net income · Q2-2024: $3.6B

net income: SEC structured tag NetIncomeLoss · SEC structured tag NetIncomeLoss | 10-Q · Accessed 2026-08-11 · SEC structured data

Net income · Q3-2024: -$174M

net income: SEC structured tag NetIncomeLoss · SEC structured tag NetIncomeLoss | 10-Q · Accessed 2026-08-11 · SEC structured data

Net income · Q1-2025: $4.4B

net income: SEC structured tag NetIncomeLoss · SEC structured tag NetIncomeLoss | 10-Q · Accessed 2026-08-11 · SEC structured data

Net income · Q2-2025: $4.5B

net income: SEC structured tag NetIncomeLoss · SEC structured tag NetIncomeLoss | 10-Q · Accessed 2026-08-11 · SEC structured data

Net income · Q3-2025: $9.3B

net income: SEC structured tag NetIncomeLoss · SEC structured tag NetIncomeLoss | 10-Q · Accessed 2026-08-11 · SEC structured data

Net income · Q4-2025: $5.6B

net income: SEC structured tag NetIncomeLoss · SEC structured tag NetIncomeLoss | 10-K · Accessed 2026-08-11 · SEC structured data

Net income · Q1-2026: $3.8B

net income: SEC structured tag NetIncomeLoss · SEC structured tag NetIncomeLoss | 10-Q · Accessed 2026-08-11 · SEC structured data

Net income · Q2-2026: $4.6B

net income: SEC structured tag NetIncomeLoss · SEC structured tag NetIncomeLoss | 10-Q · Accessed 2026-08-11 · SEC structured data

Tower and fiber sale-leasebacks shift capex to opex: Sale-leasebacks convert owned-asset capex into recurring lease opex, so falling reported capex may reflect financing structure rather than reduced network investment.

AT&T capital investment is not the same as capital expenditures: AT&T capital investment includes vendor financing while capital expenditures are cash capex, so every comparison must identify which figure is used.

Source-reviewed history

Source-Reviewed Operating Series

Capex vs. capital investment

Exposes vendor financing that can inflate apparent free cash flow.

AT&T Inc. Capex vs. capital investment$7.1B$0Q3-2024Q2-2026$5.7B$6.1B
Cash CapexCapital Investment Including Vendor Financing Payments
PeriodMeasureValue
Q3-2024Cash Capex$5.3B
Q4-2024Cash Capex$6.8B
Q1-2025Cash Capex$4.3B
Q2-2025Cash Capex$4.9B
Q3-2025Cash Capex$4.9B
Q4-2025Cash Capex$6.8B
Q1-2026Cash Capex$4.9B
Q2-2026Cash Capex$5.7B
Q3-2024Capital Investment Including Vendor Financing Payments$5.5B
Q4-2024Capital Investment Including Vendor Financing Payments$7.1B
Q1-2025Capital Investment Including Vendor Financing Payments$4.5B
Q2-2025Capital Investment Including Vendor Financing Payments$5.1B
Q3-2025Capital Investment Including Vendor Financing Payments$5.3B
Q4-2025Capital Investment Including Vendor Financing Payments$7.1B
Q1-2026Capital Investment Including Vendor Financing Payments$5.1B
Q2-2026Capital Investment Including Vendor Financing Payments$6.1B
Source trail for rendered points

Cash Capex · Q3-2024: $5.3B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Cash Capex · Q4-2024: $6.8B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Cash Capex · Q1-2025: $4.3B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Cash Capex · Q2-2025: $4.9B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Cash Capex · Q3-2025: $4.9B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Cash Capex · Q4-2025: $6.8B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Cash Capex · Q1-2026: $4.9B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Cash Capex · Q2-2026: $5.7B

capex vs capital investment: AT&T Inc. Press Release 2nd Quarter 2026, Exhibit 99.1 · Accessed 2026-08-05 · Independently verified

Quote
“Capital expenditures related to continuing operations were $5.7 billion; capital investment* was $6.1 billion”

Capital Investment Including Vendor Financing Payments · Q3-2024: $5.5B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Capital Investment Including Vendor Financing Payments · Q4-2024: $7.1B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Capital Investment Including Vendor Financing Payments · Q1-2025: $4.5B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Capital Investment Including Vendor Financing Payments · Q2-2025: $5.1B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Capital Investment Including Vendor Financing Payments · Q3-2025: $5.3B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Capital Investment Including Vendor Financing Payments · Q4-2025: $7.1B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Capital Investment Including Vendor Financing Payments · Q1-2026: $5.1B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Capital Investment Including Vendor Financing Payments · Q2-2026: $6.1B

capex vs capital investment: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700 Add: Vendor financing payments 841 550 180 221 1,792 203 220 400 358 1,181 212 431 Capital Investment1 $ 4,599 $ 4,910 $ 5,482 $ 7,064 $ 22,055 $ 4,480 $ 5,117 $ 5,287 $ 7,139 $ 22,023 $ 5,089 $ 6,131”

Tower and fiber sale-leasebacks shift capex to opex: Sale-leasebacks convert owned-asset capex into recurring lease opex, so falling reported capex may reflect financing structure rather than reduced network investment.

AT&T capital investment is not the same as capital expenditures: AT&T capital investment includes vendor financing while capital expenditures are cash capex, so every comparison must identify which figure is used.

Fiber passings, activations, and take rate

Best public proxy for fiber-overbuild ROI and competitive intensity.

AT&T Inc. Fiber passings, activations, and take rate38,600,0000Q3-2024Q2-202638,600,00012,144,000
Total Consumer Business Locations Reached With FiberAtt Fiber Subscribers
PeriodMeasureValue
Q3-2024Total Consumer Business Locations Reached With Fiber28,300,000
Q4-2024Total Consumer Business Locations Reached With Fiber28,900,000
Q1-2025Total Consumer Business Locations Reached With Fiber29,500,000
Q2-2025Total Consumer Business Locations Reached With Fiber30,300,000
Q3-2025Total Consumer Business Locations Reached With Fiber31,200,000
Q4-2025Total Consumer Business Locations Reached With Fiber32,000,000
Q1-2026Total Consumer Business Locations Reached With Fiber37,500,000
Q2-2026Total Consumer Business Locations Reached With Fiber38,600,000
Q3-2024Att Fiber Subscribers9,024,000
Q4-2024Att Fiber Subscribers9,331,000
Q1-2025Att Fiber Subscribers9,592,000
Q2-2025Att Fiber Subscribers9,835,000
Q3-2025Att Fiber Subscribers10,123,000
Q4-2025Att Fiber Subscribers10,406,000
Q1-2026Att Fiber Subscribers11,800,000
Q2-2026Att Fiber Subscribers12,144,000
Source trail for rendered points

Total Consumer Business Locations Reached With Fiber · Q3-2024: 28,300,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Total Consumer and Business Locations Reached14 27.1 27.8 28.3 28.9 28.9 29.5 30.3 31.2 32.0 32.0 37.5 38.6”

Total Consumer Business Locations Reached With Fiber · Q4-2024: 28,900,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Total Consumer and Business Locations Reached14 27.1 27.8 28.3 28.9 28.9 29.5 30.3 31.2 32.0 32.0 37.5 38.6”

Total Consumer Business Locations Reached With Fiber · Q1-2025: 29,500,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Total Consumer and Business Locations Reached14 27.1 27.8 28.3 28.9 28.9 29.5 30.3 31.2 32.0 32.0 37.5 38.6”

Total Consumer Business Locations Reached With Fiber · Q2-2025: 30,300,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Total Consumer and Business Locations Reached14 27.1 27.8 28.3 28.9 28.9 29.5 30.3 31.2 32.0 32.0 37.5 38.6”

Total Consumer Business Locations Reached With Fiber · Q3-2025: 31,200,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Total Consumer and Business Locations Reached14 27.1 27.8 28.3 28.9 28.9 29.5 30.3 31.2 32.0 32.0 37.5 38.6”

Total Consumer Business Locations Reached With Fiber · Q4-2025: 32,000,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Total Consumer and Business Locations Reached14 27.1 27.8 28.3 28.9 28.9 29.5 30.3 31.2 32.0 32.0 37.5 38.6”

Total Consumer Business Locations Reached With Fiber · Q1-2026: 37,500,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Total Consumer and Business Locations Reached14 27.1 27.8 28.3 28.9 28.9 29.5 30.3 31.2 32.0 32.0 37.5 38.6”

Total Consumer Business Locations Reached With Fiber · Q2-2026: 38,600,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Total Consumer and Business Locations Reached14 27.1 27.8 28.3 28.9 28.9 29.5 30.3 31.2 32.0 32.0 37.5 38.6”

Att Fiber Subscribers · Q3-2024: 9,024,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 AT&T Fiber12 8,559 8,798 9,024 9,331 9,331 9,592 10,123 9,835 10,406 10,406 11,800 12,144”

Att Fiber Subscribers · Q4-2024: 9,331,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 AT&T Fiber12 8,559 8,798 9,024 9,331 9,331 9,592 10,123 9,835 10,406 10,406 11,800 12,144”

Att Fiber Subscribers · Q1-2025: 9,592,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 AT&T Fiber12 8,559 8,798 9,024 9,331 9,331 9,592 10,123 9,835 10,406 10,406 11,800 12,144”

Att Fiber Subscribers · Q2-2025: 9,835,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 AT&T Fiber12 8,559 8,798 9,024 9,331 9,331 9,592 10,123 9,835 10,406 10,406 11,800 12,144”

Att Fiber Subscribers · Q3-2025: 10,123,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 AT&T Fiber12 8,559 8,798 9,024 9,331 9,331 9,592 10,123 9,835 10,406 10,406 11,800 12,144”

Att Fiber Subscribers · Q4-2025: 10,406,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 AT&T Fiber12 8,559 8,798 9,024 9,331 9,331 9,592 10,123 9,835 10,406 10,406 11,800 12,144”

Att Fiber Subscribers · Q1-2026: 11,800,000

fiber passings: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 AT&T Fiber12 8,559 8,798 9,024 9,331 9,331 9,592 10,123 9,835 10,406 10,406 11,800 12,144”

Att Fiber Subscribers · Q2-2026: 12,144,000

fiber passings: AT&T Inc. Selected Financial Statements and Operating Data, Exhibit 99.2 · Accessed 2026-08-05 · Independently verified

Quote
“Subscribers and connections in thousands Unaudited June 30, 2026 2025 Change AT&T Fiber 12,144 9,835 23.5%”

Fiber homes passed, locations, and activated accounts carry different attribution issues: AT&T blends owned build with Gigapower JV locations while T-Mobile counts fiber JV accounts rather than passings, so headline fiber numbers should not be summed.

FWA subscribers

Proof point for 5G monetization and cable substitution.

AT&T Inc. FWA subscribers2,000,00002026-07-292026-07-292,000,000
Att Internet Air Subscribers
PeriodMeasureValue
2026-07-29Att Internet Air Subscribers2,000,000
Source trail for rendered points

Att Internet Air Subscribers · 2026-07-29: 2,000,000

fwa subscribers: AT&T Internet Air Doubles Subscribers in Almost Half the Time · Accessed 2026-08-11 · Independently verified

Quote
“AT&T Internet Air® has reached 2 million subscribers, marking a major milestone for AT&T’s 5G home internet service.”

Postpaid phone net adds and churn

The most-watched competitive KPI in wireless.

AT&T Inc. Postpaid phone net adds and churn482,0000Q3-2024Q2-2026432,0000.9%
Postpaid Phone Net AddsPostpaid Phone Churn
PeriodMeasureValue
Q3-2024Postpaid Phone Net Adds403,000
Q4-2024Postpaid Phone Net Adds482,000
Q1-2025Postpaid Phone Net Adds324,000
Q2-2025Postpaid Phone Net Adds401,000
Q3-2025Postpaid Phone Net Adds405,000
Q4-2025Postpaid Phone Net Adds421,000
Q1-2026Postpaid Phone Net Adds294,000
Q2-2026Postpaid Phone Net Adds432,000
Q3-2024Postpaid Phone Churn0.8%
Q4-2024Postpaid Phone Churn0.9%
Q1-2025Postpaid Phone Churn0.8%
Q2-2025Postpaid Phone Churn0.9%
Q3-2025Postpaid Phone Churn0.9%
Q4-2025Postpaid Phone Churn1%
Q1-2026Postpaid Phone Churn0.9%
Q2-2026Postpaid Phone Churn0.9%
Source trail for rendered points

Postpaid Phone Net Adds · Q3-2024: 403,000

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Postpaid Phone Net Adds 349 419 403 1,653 482 324 401 405 1,551 421 294 432”

Postpaid Phone Net Adds · Q4-2024: 482,000

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Postpaid Phone Net Adds 349 419 403 1,653 482 324 401 405 1,551 421 294 432”

Postpaid Phone Net Adds · Q1-2025: 324,000

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Postpaid Phone Net Adds 349 419 403 1,653 482 324 401 405 1,551 421 294 432”

Postpaid Phone Net Adds · Q2-2025: 401,000

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Postpaid Phone Net Adds 349 419 403 1,653 482 324 401 405 1,551 421 294 432”

Postpaid Phone Net Adds · Q3-2025: 405,000

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Postpaid Phone Net Adds 349 419 403 1,653 482 324 401 405 1,551 421 294 432”

Postpaid Phone Net Adds · Q4-2025: 421,000

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Postpaid Phone Net Adds 349 419 403 1,653 482 324 401 405 1,551 421 294 432”

Postpaid Phone Net Adds · Q1-2026: 294,000

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Volumes in thousands; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Postpaid Phone Net Adds 349 419 403 1,653 482 324 401 405 1,551 421 294 432”

Postpaid Phone Net Adds · Q2-2026: 432,000

postpaid churn: AT&T Inc. Press Release 2nd Quarter 2026, Exhibit 99.1 · Accessed 2026-08-05 · Independently verified

Quote
“432,000 postpaid phone net adds with postpaid phone churn of 0.86%”

Postpaid Phone Churn · Q3-2024: 0.8%

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Postpaid Phone Churn 0.72% 0.70% 0.78% 0.85% 0.76% 0.83% 0.87% 0.92% 0.98% 0.90% 0.89% 0.86%”

Postpaid Phone Churn · Q4-2024: 0.9%

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Postpaid Phone Churn 0.72% 0.70% 0.78% 0.85% 0.76% 0.83% 0.87% 0.92% 0.98% 0.90% 0.89% 0.86%”

Postpaid Phone Churn · Q1-2025: 0.8%

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Postpaid Phone Churn 0.72% 0.70% 0.78% 0.85% 0.76% 0.83% 0.87% 0.92% 0.98% 0.90% 0.89% 0.86%”

Postpaid Phone Churn · Q2-2025: 0.9%

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Postpaid Phone Churn 0.72% 0.70% 0.78% 0.85% 0.76% 0.83% 0.87% 0.92% 0.98% 0.90% 0.89% 0.86%”

Postpaid Phone Churn · Q3-2025: 0.9%

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Postpaid Phone Churn 0.72% 0.70% 0.78% 0.85% 0.76% 0.83% 0.87% 0.92% 0.98% 0.90% 0.89% 0.86%”

Postpaid Phone Churn · Q4-2025: 1%

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Postpaid Phone Churn 0.72% 0.70% 0.78% 0.85% 0.76% 0.83% 0.87% 0.92% 0.98% 0.90% 0.89% 0.86%”

Postpaid Phone Churn · Q1-2026: 0.9%

postpaid churn: 2Q26 AT&T Financial and Operational Trends · Accessed 2026-08-05 · Independently verified

Quote
“Postpaid Phone Churn 0.72% 0.70% 0.78% 0.85% 0.76% 0.83% 0.87% 0.92% 0.98% 0.90% 0.89% 0.86%”

Postpaid Phone Churn · Q2-2026: 0.9%

postpaid churn: AT&T Inc. Press Release 2nd Quarter 2026, Exhibit 99.1 · Accessed 2026-08-05 · Independently verified

Quote
“432,000 postpaid phone net adds with postpaid phone churn of 0.86%”

Postpaid phone churn and account churn use different denominators: Postpaid phone churn and postpaid account churn use different denominators, so never substitute one for the other or compare T-Mobile account churn directly to Verizon or AT&T phone-only churn.

Current source layer

Current Source-Backed Data

MetricValuePeriod
Revenue
$31,558MUSD millions
“Consolidated Statements of Income AT&T Inc. Dollars and shares in millions except per share amounts; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Operating Revenues Service $ 24,842 $ 25,006 $ 25,134 $ 25,153 $ 100,135 $ 25,138 $ 25,292 $ 25,336 $ 25,392 $ 101,158 $ 25,478 $ 25,977 Equipment 5,186 4,791 5,079 7,145 22,201 5,488 5,555 5,373 8,074 24,490 6,028 5,581 Total Operating Revenues 30,028 29,797 30,213 32,298 122,336 30,626 30,847 30,709 33,466 125,648 31,506 31,558”

AT&T Financial and Operational Trends 2Q 2026Accessed 2026-08-04Independently verified

Q2-2026
Net Income
$5,010MUSD millions
“Dollars and shares in millions except per share amounts; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Income from Continuing Operations 3,751 3,949 4,408 145 12,253 4,692 4,861 9,677 4,156 23,386 4,219 5,038 Loss from Discontinued Operations, Net of Tax - - - - - - - - - (38) - (28) Net Income 3,751 3,949 4,408 145 12,253 4,692 4,861 9,677 4,156 23,386 4,181 5,010”

AT&T Financial and Operational Trends 2Q 2026Accessed 2026-08-04Independently verified

Q2-2026
Capex
$5,700MUSD millions
“AT&T Inc. Additional Cash Flow Information - Continuing Operations Dollars in millions; Unaudited 3/31/24 6/30/24 9/30/24 12/31/24 2024 3/31/25 6/30/25 9/30/25 12/31/25 2025 3/31/26 6/30/26 Capital Investment Detail Purchase of property and equipment $ 3,721 $ 4,321 $ 5,259 $ 6,800 $ 20,101 $ 4,240 $ 4,857 $ 4,843 $ 6,737 $ 20,677 $ 4,835 $ 5,651 Interest during construction - capital expenditures 37 39 43 43 162 37 40 44 44 165 42 49 Capital expenditures $ 3,758 $ 4,360 $ 5,302 $ 6,843 $ 20,263 $ 4,277 $ 4,897 $ 4,887 $ 6,781 $ 20,842 $ 4,877 $ 5,700”

AT&T Financial and Operational Trends 2Q 2026Accessed 2026-08-04Independently verified

Q2-2026
Employees
133,030count
“Number of Employees As of December 31, 2025, we employed approximately 133,030 persons.”

AT&T Inc. Form 10-K FY2025Accessed 2026-08-04Independently verified

FY2025

Source-backed timeline

Entity Signals Feed

AT&T Inc.

exec change
AT&T CFO Pascal Desroches announced retirement; Jennifer Biry appointed deputy CFO
Source quote
“On June 11, 2026, Pascal Desroches announced his retirement as Senior Executive Vice President and Chief Financial Officer of AT&T Inc. (the “Company”), which will be effective as of December 31, 2026. On June 15, 2026, the Company appointed Jennifer Biry as Deputy Chief Financial Officer, effective as of July 6, 2026.”

AT&T Inc. Form 8-K dated June 11, 2026 · Accessed 2026-08-04

network build
AT&T committed $19 billion to California fiber and wireless networks
Source quote
“We’re bringing fiber – the best internet technology – to 4 million+ additional households and businesses and strengthening our wireless coverage with more than 1,200 new cell sites across California by 2030, meeting customers’ demand for reliable, affordable, always-on connectivity across urban, suburban and rural California.”

AT&T Makes $19 Billion Commitment to Bring High-Speed Connectivity to California · Accessed 2026-08-04

ma
AT&T, T-Mobile, and Verizon planned direct-to-device joint venture
Source quote
“AT&T, T-Mobile, and Verizon have an agreement in principle to form a new JV which aims to help end wireless dead zones in the U.S., including in rural areas, by pooling limited spectrum resources to increase capacity, improve the customer experience, and help satellite providers reach more customers through a unified platform.”

AT&T, T-Mobile, and Verizon Plan to Launch New Joint Venture · Accessed 2026-08-04

Honest gaps

Excluded and Undisclosed Items

Not disclosed

9

Rejected

1

Unverifiable

0

Rejected items exist in the audited workflow when source, quote, or period checks fail; they are excluded from every displayed chart and table.