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T-Mobile US, Inc.

TMUSNasdaqRadiotelephone CommunicationsFiscal year ends December 31Also trades as TMUSI, TMUSL, TMUSZ
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 28, 2026Score 17/3020% below fair value
$160.15+3.71 (+2.37%)

Close on Nov 2, 2026Market cap $171.79BP/E 16.8Yield 2.37%

T-Mobile US Net Debt (Excluding Tower Obligations) by Quarter

Net Debt (Excluding Tower Obligations) ($M) ($M)

QuarterlyAnnual

T-Mobile US Net Debt (Excluding Tower Obligations): $84,095M in Q2 2026, up 12.1% from a year earlier.

Latest, Q2 2026
84,095
Period ended Jun 30, 2026
Change on a year earlier
+12.1%
75,009 in Q2 2025
History
42 quarters
Since Q1 2016
Sources
10
Documents cited below

Where the Q2 2026 figure comes from

“|| Net debt (excluding tower obligations) | $ | 75,994 | $ | 75,009 | $ | 83,229 | $ | 82,954 | $ | 84,706 | $ | 84,095”

Source: TMUS 2026 Q2 Investor Factbook (8-K_EX-99_2026-07-23_0001283699-26-000100_tmus06302026ex992.txt) ↗

Reported in T-Mobile Investor Factbook (Form 8-K EX-99.2) & Form 10-K / 10-Q.

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedNet Debt (Excluding Tower Obligations) ($M) ($M)Year on yearSource
Q2 2026Jun 30, 202684,095+12.1%TMUS 2026 Q2 Investor Factbook (8-K_EX-99_2026-07-23_0001283699-26-000100_tmus06302026ex992.txt) ↗
Q1 2026Mar 31, 202684,706+11.5%TMUS 2026 Q2 Investor Factbook (8-K_EX-99_2026-07-23_0001283699-26-000100_tmus06302026ex992.txt) ↗
Q4 2025Dec 31, 202582,954+10.3%TMUS 2026 Q2 Investor Factbook (8-K_EX-99_2026-07-23_0001283699-26-000100_tmus06302026ex992.txt) ↗
Q3 2025Sep 30, 202583,229+14.7%TMUS 2026 Q2 Investor Factbook (8-K_EX-99_2026-07-23_0001283699-26-000100_tmus06302026ex992.txt) ↗
Q2 2025Jun 30, 202575,009+2.0%TMUS 2026 Q2 Investor Factbook (8-K_EX-99_2026-07-23_0001283699-26-000100_tmus06302026ex992.txt) ↗
Q1 2025Mar 31, 202575,994+2.8%TMUS 2026 Q2 Investor Factbook (8-K_EX-99_2026-07-23_0001283699-26-000100_tmus06302026ex992.txt) ↗
Q4 2024Dec 31, 202475,182+3.9%TMUS 2025 Q4 Investor Factbook (8-K_EX-99_2026-02-11_0001283699-26-000007_tmus12312025ex992.txt) ↗
Q3 2024Sep 30, 202472,553-0.4%TMUS 2025 Q4 Investor Factbook (8-K_EX-99_2026-02-11_0001283699-26-000007_tmus12312025ex992.txt) ↗
Q2 2024Jun 30, 202473,534-0.2%TMUS 2025 Q4 Investor Factbook (8-K_EX-99_2026-02-11_0001283699-26-000007_tmus12312025ex992.txt) ↗
Q1 2024Mar 31, 202473,933+1.7%TMUS 2025 Q4 Investor Factbook (8-K_EX-99_2026-02-11_0001283699-26-000007_tmus12312025ex992.txt) ↗
Q4 2023Dec 31, 202372,379+3.4%TMUS 2024 Q4 Investor Factbook (8-K_EX-99_2025-01-29_0001283699-25-000008_tmus12312024ex992.txt) ↗
Q3 2023Sep 30, 202372,827+4.5%TMUS 2024 Q4 Investor Factbook (8-K_EX-99_2025-01-29_0001283699-25-000008_tmus12312024ex992.txt) ↗
Q2 2023Jun 30, 202373,699+4.3%TMUS 2024 Q4 Investor Factbook (8-K_EX-99_2025-01-29_0001283699-25-000008_tmus12312024ex992.txt) ↗
Q1 2023Mar 31, 202372,669+1.2%TMUS 2024 Q4 Investor Factbook (8-K_EX-99_2025-01-29_0001283699-25-000008_tmus12312024ex992.txt) ↗
Q4 2022Dec 31, 202269,984-0.2%TMUS 2023 Q4 Investor Factbook (8-K_EX-99_2024-01-25_0001283699-24-000004_tmus12312023ex992.txt) ↗
Q3 2022Sep 30, 202269,668-2.1%TMUS 2023 Q4 Investor Factbook (8-K_EX-99_2024-01-25_0001283699-24-000004_tmus12312023ex992.txt) ↗

Breakdown

What makes up net Debt (Excluding Tower Obligations)

Cite this data

StockData. (2026). T-Mobile US Net Debt (Excluding Tower Obligations) ($M), quarterly Q1 2016–Q2 2026 [Data set]. Compiled from T-Mobile US SEC filings and investor materials. https://stockdatahq.com/stocks/tmus/kpis/sec-net-debt-ex-towers-301

See every metric in the T-Mobile US KPI table. Data updated Oct 25, 2026.