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

American Tower has disclosed Cost of Revenue across 18 years of filings, most recently posting $38.5 million for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $38.5 million, up 10.32% year-over-year; the trailing twelve-month figure through Mar 2026 was $177.6 million (up 56.34% YoY), and the FY2025 annual result 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.
• The 5-year median for Cost of Revenue is $26.1 million (2022), against an average of $34.2 million.
• Across the five-year window, Cost of Revenue plunged 96.06% in 2022 and jumped 388.51% in 2023, its largest moves.
• American Tower's Cost of Revenue stood at $8.8 million in 2022, then grew by 28.41% to $11.3 million in 2023, then soared by 181.42% to $31.8 million in 2024, then climbed by 16.98% to $37.2 million in 2025, then grew by 3.49% to $38.5 million in 2026.
• The last three Cost of Revenue figures came in at $38.5 million (Q1 2026), $37.2 million (Q4 2025), and $53.8 million (Q3 2025), per Business Quant data.