American Tower (AMT) income statement
NYSE · Real Estate · REIT - Specialty · 4,866 employees · CEO Steven O. Vondran
- Price
- $187.78 +1.02%
- Market cap
- $87.1B
- Enterprise value
- $131B
- Last report
- Q3 '26 filed 2026-10-27
- Next report
- 2027-02-23 EPS est. $1.62
American Tower (AMT) reported revenue of $2.79B for Q3 '26 (+2.5% year on year), operating income of $1.27B (45.6% of revenue) and net income of $766M. Over the last four quarters revenue was $11B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.79B | $2.83B | $2.9B | $2.52B | $2.55B | $2.56B | $2.63B | $2.72B | $2.74B | $2.74B | $2.75B | $2.79B | |
| Cost of revenue | $811M | $788M | $822M | $652M | $654M | $635M | $689M | $676M | $802M | $714M | $741M | $757M | |
| Gross profit | $1.98B | $2.05B | $2.08B | $1.87B | $1.89B | $1.93B | $1.94B | $2.04B | $1.94B | $2.02B | $2.01B | $2.03B | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $240M | $237M | $0 | $0 | |
| Other operating expenses | $1.01B | $552M | $560M | $504M | $570M | $437M | $507M | $540M | $535M | $626M | $505M | $760M | |
| Operating expenses | $1.26B | $809M | $794M | $731M | $813M | $674M | $741M | $773M | $775M | $863M | $739M | $760M | |
| Operating income | $717M | $1.24B | $1.28B | $1.14B | $1.08B | $1.25B | $1.2B | $1.27B | $1.16B | $1.16B | $1.27B | $1.27B | |
| Interest income | $36.3M | $48M | $43.7M | $37.7M | $32.1M | $26.9M | $30.6M | $36.1M | $0 | $40.4M | $44.4M | $47.7M | |
| Interest expense | $351M | $367M | $365M | $357M | $321M | $325M | $343M | $0 | $350M | $344M | $355M | $366M | |
| Other non-operating income (gains on investments, FX ...) | $331M | -$161M | -$110M | $232M | -$547M | $311M | -$1.6M | $318M | -$154M | -$149M | -$95M | $4.5M | |
| Total non-operating income | -$682M | -$206M | -$256M | -$589M | $226M | -$637M | -$686M | -$318M | -$196M | -$196M | -$260M | -$371M | |
| Income before tax | $35.2M | $1.03B | $1.03B | $551M | $1.31B | $618M | $512M | $950M | $965M | $965M | $1.01B | $898M | |
| Income tax | $21.9M | $109M | $120M | $122M | $75.2M | $119M | $131M | $37.4M | $128M | $128M | $122M | $118M | |
| Net income | $84.9M | $917M | $900M | -$792M | $1.23B | $489M | $367M | $853M | $821M | $837M | $868M | $766M | |
| EPS (basic) | $0.18 | $1.97 | $1.93 | -$1.70 | $2.63 | $1.05 | $0.78 | $1.82 | $1.75 | $1.84 | $1.87 | $1.65 | |
| EPS (diluted) | $0.18 | $1.96 | $1.92 | -$1.69 | $2.62 | $1.04 | $0.78 | $1.82 | $1.75 | $1.84 | $1.86 | $1.64 | |
| Shares (basic, weighted) | 466M | 467M | 467M | 467M | 467M | 468M | 468M | 468M | 469M | 466M | 466M | 465M | |
| Shares (diluted, weighted) | 467M | 468M | 468M | 468M | 468M | 469M | 469M | 469M | 469M | 467M | 467M | 466M | |
| Depreciation & amortization | $765M | $549M | $562M | $513M | $501M | $493M | $510M | $523M | $516M | $518M | $514M | $519M | |
| EBITDA | $1.15B | $1.95B | $1.96B | $1.42B | $2.13B | $1.44B | $1.71B | $1.47B | $1.83B | $1.83B | $1.88B | $1.78B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.79B | $6.66B | $7.44B | $7.58B | $8.04B | $9.36B | $9.65B | $10B | $10.1B | $10.6B | |
| Cost of revenue | $1.79B | $2.05B | $2.18B | $2.21B | $2.23B | $2.68B | $2.57B | $2.56B | $2.57B | $2.8B | |
| Gross profit | $4B | $4.61B | $5.26B | $5.37B | $5.81B | $6.67B | $7.08B | $7.45B | $7.55B | $7.84B | |
| Sales & marketing | $0 | $0 | -$3.3M | $0 | -$3M | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $546M | $640M | $737M | $733M | $782M | $812M | $0 | $0 | $0 | $944M | |
| Other operating expenses | -$47.8M | $31.3M | $23.8M | $1.94B | $2.15B | $2.73B | $3.44B | $3.38B | $2.1B | $2.02B | |
| Operating expenses | $2.14B | $2.61B | $3.36B | $2.68B | $2.93B | $3.54B | $4.34B | $4.33B | $3.04B | $2.96B | |
| Operating income | $1.85B | $2B | $1.91B | $2.69B | $2.89B | $3.13B | $2.74B | $3.13B | $4.52B | $4.88B | |
| Interest income | $37.7M | $47.4M | $54.7M | $46.8M | $39.7M | $40.4M | $49.1M | $119M | $135M | $93.6M | |
| Interest expense | $718M | $751M | $826M | $814M | $794M | $871M | $1.14B | $1.39B | $1.4B | $1.02B | |
| Other non-operating income (gains on investments, FX ...) | $8.8M | -$7.3M | -$75.2M | -$42.2M | $273M | -$568M | -$483M | $208M | -$513M | $819M | |
| Total non-operating income | -$727M | -$742M | -$750M | -$772M | -$1.07B | -$303M | -$653M | -$1.6B | -$892M | -$1.84B | |
| Income before tax | $1.13B | $1.26B | $1.15B | $1.92B | $1.82B | $2.83B | $2.09B | $1.53B | $3.62B | $3.04B | |
| Income tax | $156M | $30.7M | -$110M | -$200K | $130M | $262M | $113M | $90.8M | $366M | $416M | |
| Net income | $956M | $1.24B | $1.24B | $1.89B | $1.69B | $2.57B | $1.77B | $1.48B | $2.26B | $2.53B | |
| EPS (basic) | $2.00 | $2.69 | $2.81 | $4.27 | $3.81 | $5.69 | $3.83 | $3.18 | $4.83 | $5.40 | |
| EPS (diluted) | $1.98 | $2.67 | $2.79 | $4.24 | $3.79 | $5.66 | $3.82 | $3.18 | $4.82 | $5.39 | |
| Shares (basic, weighted) | 425M | 428M | 440M | 442M | 444M | 451M | 462M | 466M | 467M | 469M | |
| Shares (diluted, weighted) | 429M | 432M | 443M | 446M | 446M | 453M | 463M | 467M | 468M | 469M | |
| Depreciation & amortization | $1.53B | $1.72B | $2.11B | $1.78B | $1.88B | $2.33B | $3.36B | $3.09B | $2.12B | $2.04B | |
| EBITDA | $3.37B | $3.72B | $4.09B | $4.51B | $4.5B | $6.03B | $6.58B | $6B | $7.15B | $6.1B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01