American Tower (AMT) Cost of Revenue (2009 - 2026)

American Tower's Cost of Revenue history runs 18 years deep, the most recent figure standing at $38.5 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 10.32% year-over-year to $38.5 million; the TTM figure through Mar 2026 stood at $177.6 million (up 56.34% YoY), while the FY2025 annual figure was $174.0 million, up 87.9% from the prior year.
• Cost of Revenue came in at $38.5 million for Q1 2026 at American Tower, up from $37.2 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $127.5 million in Q1 2023 to a low of $8.8 million in Q4 2022.
• A 5-year average of $34.2 million and a median of $26.1 million in 2022 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue tumbled 96.06% in 2022 and surged 388.51% in 2023, its largest moves.
• American Tower's Cost of Revenue stood at $8.8 million in 2022, then increased by 28.41% to $11.3 million in 2023, then jumped by 181.42% to $31.8 million in 2024, then grew by 16.98% to $37.2 million in 2025, then increased by 3.49% to $38.5 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $38.5 million, $37.2 million, and $53.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison