Tracking telecoms opex in North America: trends and analysis 1H 2026

This report tracks and analyses opex for seven major telecoms operators in North America through 1H 2026. USA-based telecoms operators are running large cost transformation and workforce reduction programmes, which are starting to deliver results, while Canadian operators are facing the financial strain of a highly competitive environment and regulatory pressure.

Information provided in this report

•  A detailed benchmark of recurring opex, opex intensity and special factors across seven major North American operators, covering 2023–2025 and 1H 2026
• An assessment of headcount and employee cost trends, including operators' workforce reduction programmes
• A review of the latest financial guidance, including revisions made during the year, to show what operators expect to spend in 2026 and beyond