• AT&T average return on tangible equity for 2023 was 4.41, a 126.73% decline from 2022.
• AT&T average return on tangible equity for 2022 was -16.5, a 176.38% decline from 2021.
• AT&T average return on tangible equity for 2021 was -5.97, a 32.08% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.