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Telephone and Data Systems, Inc. (TDS) is a communication services company in the US cellular network operations industry, based in Chicago, United States, with about 4,000 full-time employees.
It reported revenue of $1.23 billion for fiscal year 2025, down 75.3% from fiscal year 2024, and net income of -$75.46 million. In Q2 2026 (the quarter ended June 30, 2026) revenue was $309.28 million, down 73.9% from a year before. Its largest business segment, TDS Telecom, brought in 84% of segment revenue in fiscal year 2025. Its market capitalization was $3.86 billion as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
, a telecommunications company, provides communications services to residential, commercial, and wholesale customers in the United States. It operates through two segments: TDS Telecom and Array.
Telephone and Data Systems reported $1.23 billion in revenue for fiscal year 2025, down 75.3% from $4.96 billion in fiscal year 2024. In Q2 2026 revenue was $309.28 million.
TDS Telecom, with $1.04 billion or 84% of segment revenue in fiscal year 2025. Next: Array (13%) and ALL Other (2%).
$3.86 billion as of October 9, 2026.
Listed companies of a similar size in the same industry (US cellular network operations) include T-Mobile US, Inc. (TMUS), At&t Inc. (T), Array Digital Infrastructure, Inc. (AD), Spok Holdings, Inc. (SPOK).