Telephone and Data Systems, Inc. (TDS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TDS Revenue Growth
Revenue Breakdown (FY 2024)
TDS's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
TDS Revenue Analysis (2014–2025)
As of May 7, 2026, Telephone and Data Systems, Inc. (TDS) generated trailing twelve-month (TTM) revenue of $2.98 billion, reflecting significant decline in growth of -73.3% year-over-year. The most recent quarter (Q4 2025) recorded $330.7 million in revenue, up 7.2% sequentially.
Looking at the longer-term picture, TDS's 5-year compound annual growth rate (CAGR) stands at -25.1%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $5.41 billion in 2022.
Revenue diversification analysis shows TDS's business is primarily driven by Service (83%), and Product (17%). With over half of revenue concentrated in Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including LUMN (-6.8% YoY), SHEN (-18.8% YoY), and T (+2.9% YoY), TDS has underperformed the peer group in terms of revenue growth. Compare TDS vs LUMN →
TDS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TDSCurrent | $3.0B | -73.3% | -25.1% | -5.0% | |
 LUMN | $12.4B | -6.8% | -9.7% | -1.5% | |
 SHEN | $358M | -18.8% | +10.1% | -6.2% | |
 T | $125.6B | +2.9% | -6.1% | 19.2% | |
 VZ | $138.2B | +2.5% | +1.5% | 21.2% | |
 TMUS | $88.3B | +9.5% | +5.2% | 21.2% |
TDS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.23B | -75.3% | $-61,999,999 | -5.0% | $-62,000,000 | -5.0% |
| 2024 | $4.96B | -3.8% | $2.83B | 57.0% | $63.0M | 1.3% |
| 2023 | $5.16B | -4.7% | $2.83B | 54.8% | $-414,000,000 | -8.0% |
| 2022 | $5.41B | +1.6% | $2.85B | 52.6% | $122.0M | 2.3% |
| 2021 | $5.33B | +2.0% | $2.86B | 53.6% | $261.0M | 4.9% |
| 2020 | $5.22B | +0.9% | $2.87B | 54.9% | $259.0M | 5.0% |
| 2019 | $5.18B | +1.3% | $2.84B | 54.8% | $179.0M | 3.5% |
| 2018 | $5.11B | +1.3% | $2.77B | 54.3% | $205.0M | 4.0% |
| 2017 | $5.04B | -1.2% | $2.69B | 53.2% | $-105,000,000 | -2.1% |
| 2016 | $5.10B | -1.4% | $2.67B | 52.4% | $60.0M | 1.2% |
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Start ComparisonTDS — Frequently Asked Questions
Quick answers to the most common questions about buying TDS stock.
Is TDS's revenue growth accelerating or slowing?
TDS revenue declined -73.3% year-over-year, contrasting with the 5-year CAGR of -25.1%. TTM revenue fell to $3.0B. This reverses the prior growth trend.
What is TDS's long-term revenue growth rate?
Telephone and Data Systems, Inc.'s 5-year revenue CAGR of -25.1% reflects the variable expansion pattern. Current YoY growth of -73.3% is below this long-term average.
How is TDS's revenue distributed by segment?
TDS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.