NYSE:TDS
Telephone & Data Systems Inc.
Telephone & Data Systems Inc.'s revenue fell 5.3% in fiscal 2025 to $1.2B while operating margin rose to −7.9%. Free cash flow was $199.4M, 16.2% of revenue, and the diluted share count rose 4.3%.Summary generated from Telephone & Data Systems Inc.'s SEC filings. Latest annual report filed Feb 24, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$1.2B
Revenue growth−5.3%
Revenue, 5-yr CAGR−25.1%
Gross marginn/a
Operating margin−7.9%
Net margin−0.5%
ROIC−1.6%
Return on equity−0.1%
Debt / equity0.17
Free cash flow$199.4M
FCF margin16.2%
Share count change+4.3%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 5,329 | 5,413 | 1,355 | 1,297 | 1,228 |
| Operating income | 261 | 122 | −683 | −191 | −97 |
| Net income | 156 | 62 | −500 | −28 | −6 |
| Free cash flow | −28 | −6 | 498 | 780 | 199 |
Recent filings
- 4Insider transaction report
Sep 17, 2026 - 4Insider transaction report
Sep 15, 2026 - 8-KOther events
Sep 2, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 7, 2026 - 8-KResults of operations and financial condition
Aug 7, 2026 - 8-KCompletion of an acquisition or disposition
Jun 1, 2026 - 8-KResults of a shareholder vote
May 26, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 8, 2026