American Tower (AMT) financials
American Tower revenue and earnings by year
American Tower's revenue was $10.6 billion in the fiscal year to December 31, 2025, up 5.1% from the year before. Net income was $2.53 billion, 23.8% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 7.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.6 | 10.1 | 10.0 | 9.6 | 9.4 | 8.0 | 7.6 | 7.4 | 6.7 | 5.8 |
| Revenue growth | 5.1% | 1.1% | 3.8% | 3.1% | 16.4% | 6.1% | 1.9% | 11.6% | 15.2% | — |
| Operating income | 4.8 | 4.5 | 3.1 | 2.7 | 3.1 | 2.9 | 2.7 | 1.9 | 2.0 | 1.9 |
| Operating margin | 45.5% | 44.6% | 31.2% | 28.4% | 33.5% | 35.9% | 35.5% | 25.6% | 30.0% | 32.0% |
| Net income | 2.5 | 2.3 | 1.5 | 1.8 | 2.6 | 1.7 | 1.9 | 1.2 | 1.2 | 1.0 |
| Net margin | 23.8% | 22.3% | 14.8% | 18.3% | 27.4% | 21.0% | 24.9% | 16.6% | 18.6% | 16.5% |
| Diluted EPS | $5.40 | $4.81 | $3.18 | $3.82 | $5.66 | $3.79 | $4.23 | $2.77 | $2.67 | $1.97 |
| Free cash flow | 3.8 | 3.7 | 2.9 | 1.8 | 3.4 | 2.8 | 2.8 | 2.8 | 2.1 | 2.0 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AMT in Markets.
How American Tower makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Property Revenue | $2.73B | 98.2% |
| Services | $51.4M | 1.8% |
See also: AMT valuation and P/E history · AMT returns
No forecast, no recommendation. This page describes American Tower from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.