American Tower Corporation (AMT)

AMT Income Statement

Revenue, expenses, and profitability analysis

AMT Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	7.939B	2.023B	1.936B	2.041B	1.938B	1.928B	1.893B	1.871B	2.078B
Revenue	10.820B	2.737B	2.738B	2.717B	2.627B	2.563B	2.548B	2.522B	2.900B
Cost of Goods Sold	2.881B	714.100M	802.300M	676.000M	688.700M	634.500M	654.400M	651.800M	821.900M
Gross Profit Margin	73.9%	73.9%	70.7%	75.1%	73.8%	75.2%	74.3%	74.2%	71.7%
Total Operating Expenses	3.151B	862.700M	775.000M	773.300M	740.500M	674.200M	813.100M	731.300M	794.100M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	943.200M	236.500M	240.000M	233.000M	233.700M	237.500M	243.100M	227.700M	234.300M
Operating Income (EBIT)	4.787B	1.161B	1.161B	1.268B	1.198B	1.254B	1.080B	1.139B	1.284B
Operating Margin	42.4%	42.4%	42.4%	46.7%	45.6%	48.9%	42.4%	45.2%	44.3%
Income Before Tax (EBT)	3.392B	964.900M	964.900M	950.000M	511.800M	617.500M	1.306B	550.500M	1.028B
Interest Income	107.100M	40.400M	—	36.100M	30.600M	26.900M	32.100M	37.700M	43.700M
Interest Expense	1.037B	344.400M	350.000M	—	342.600M	325.300M	321.200M	356.800M	365.400M
Other Income/Expense	-1.396B	-195.800M	-195.800M	-318.100M	-685.900M	-636.600M	225.600M	-588.700M	-255.900M
Net Income	2.878B	836.800M	821.000M	853.300M	366.800M	488.700M	1.230B	-792.300M	900.300M
Income Tax Expense	424.900M	128.100M	128.100M	37.400M	131.300M	118.900M	75.200M	122.400M	120.000M
Net Profit Margin	30.6%	30.6%	30.0%	31.4%	14.0%	19.1%	48.3%	-31.4%	31.0%
EBITDA	6.707B	1.677B	1.850B	1.473B	1.708B	1.435B	2.128B	1.420B	1.956B
EBITDA Margin	61.2%	61.2%	67.6%	54.2%	65.0%	56.0%	83.5%	56.3%	67.4%
Depreciation & Amortization	2.084B	515.900M	535.000M	522.900M	510.300M	492.500M	500.900M	512.800M	561.700M
EPS Basic	6.19	1.84	1.75	1.82	0.78	1.05	2.63	-1.70	1.93
EPS Diluted	6.19	1.84	1.75	1.82	0.78	1.04	2.62	-1.69	1.92
Shares Outstanding	466.202M	466.202M	469.143M	468.036M	467.909M	467.640M	467.337M	467.196M	467.038M
Diluted Shares Outstanding	466.833M	466.833M	469.143M	468.856M	468.717M	468.519M	468.418M	468.261M	467.781M

AMT Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	7.844B	7.553B	7.451B	7.076B	6.675B	5.814B	5.366B	5.262B
Revenue	10.645B	10.127B	10.012B	9.645B	9.357B	8.041B	7.580B	7.440B
Cost of Goods Sold	2.801B	2.574B	2.562B	2.569B	2.682B	2.227B	2.214B	2.178B
Gross Profit Margin	73.7%	74.6%	74.4%	73.4%	71.3%	72.3%	70.8%	70.7%
Total Operating Expenses	2.963B	3.036B	4.325B	4.338B	3.543B	2.927B	2.678B	3.357B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	944.200M	933.400M	946.000M	902.100M	811.600M	778.700M	733.200M	733.200M
Operating Income (EBIT)	4.881B	4.516B	3.126B	2.739B	3.132B	2.888B	2.688B	1.905B
Operating Margin	45.8%	44.6%	31.2%	28.4%	33.5%	35.9%	35.5%	25.6%
Income Before Tax (EBT)	3.044B	3.625B	1.529B	2.086B	2.829B	1.821B	1.916B	1.155B
Interest Income	93.600M	135.200M	118.600M	49.100M	40.400M	39.700M	46.800M	54.700M
Interest Expense	1.018B	1.405B	1.388B	1.136B	870.900M	793.500M	814.200M	825.600M
Other Income/Expense	-1.836B	-891.700M	-1.596B	-652.600M	-302.600M	-1.066B	-772.000M	-750.400M
Net Income	2.530B	2.255B	1.483B	1.766B	2.568B	1.691B	1.888B	1.236B
Income Tax Expense	415.700M	366.300M	90.800M	112.800M	261.800M	129.600M	-200K	-110.100M
Net Profit Margin	23.8%	22.3%	14.8%	18.3%	27.4%	21.0%	24.9%	16.6%
EBITDA	6.123B	7.154B	6.004B	6.577B	6.033B	4.497B	4.509B	4.091B
EBITDA Margin	57.5%	70.6%	60.0%	68.2%	64.5%	55.9%	59.5%	55.0%
Depreciation & Amortization	2.061B	2.125B	3.087B	3.355B	2.333B	1.882B	1.778B	2.111B
EPS Basic	5.40	4.83	3.18	3.83	5.69	3.81	4.27	2.81
EPS Diluted	5.39	4.82	3.18	3.82	5.66	3.79	4.24	2.79
Shares Outstanding	469.143M	467.011M	466.063M	461.519M	451.498M	443.640M	442.319M	439.606M
Diluted Shares Outstanding	469.143M	468.120M	467.162M	462.750M	453.294M	446.104M	445.520M	442.960M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About American Tower Corporation

American Tower Corporation, a prominent global Real Estate Investment Trust (REIT), stands as a premier independent entity specializing in the ownership, operation, and development of shared telecommunications infrastructure. The company manages an extensive portfolio of approximately 219,000 communication sites worldwide. For additional details, including earnings materials and investor presentations, please visit their investor relations website at www.americantower.com.

Boston, MA

4,691 employees

www.americantower.com

Real Estate / REIT - Specialty

Sector: Real Estate
Industry: REIT - Specialty
CEO: Steven O. Vondran

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