TMUS · Earnings call · 2026Q3T · Full report
Capital Return Program
T-Mobile US, Inc. · 2026-10-28 · Importance 49 · Surprise 32 · In source text
Through October 23, 2026, T-Mobile had repurchased $10.3 billion of shares during the year, versus $9.9 billion in all of 2025. The company also increased its dividend per share by 15%. Management said its capital-allocation sequence prioritizes leverage, investment in the core business, spectrum opportunities, and accretive M&A before balanced shareholder returns through buybacks and dividends. For 2027 and 2028, management expects to devote more of its capital-allocation envelope to spectrum auctions, while applying disciplined valuation standards.
Key facts
- Through October 23, 2026, T-Mobile had completed $10.3 billion in share buybacks, compared with $9.9 billion in all of 2025.
- T-Mobile increased its dividend per share by 15%.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | — | Through October 23, 2026, T-Mobile had completed $10.3 billion in share buybacks, compared with $9.9 billion in all of 2025. |
| cash | negative | committed | — | T-Mobile increased its dividend per share by 15%. |