American Tower (AMT) Gross Margin (2009 - 2026)

American Tower has disclosed Gross Margin across 18 years of filings, most recently posting 98.59% for Q1 2026.

• Gross Margin for Q1 2026 came in at 98.59%, down 4.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 98.36% (down 53.0% YoY), and the FY2025 annual result was 98.37%, down 72.0% from the prior year.
• Gross Margin came in at 98.59% for Q1 2026 at American Tower, roughly flat from 98.64% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 99.54% in Q4 2023 to a low of 94.94% in Q1 2023.
• The 5-year median for Gross Margin is 99.01% (2024), against an average of 98.68%.
• Across the five-year window, Gross Margin surged 860 bps in 2022 and sank 408 bps in 2023, its largest moves.
• American Tower's Gross Margin stood at 99.46% in 2022, then climbed by 0 bps to 99.54% in 2023, then decreased by 1 bps to 98.75% in 2024, then declined by 0 bps to 98.64% in 2025, then declined by 0 bps to 98.59% in 2026.
• The last three Gross Margin figures came in at 98.59% (Q1 2026), 98.64% (Q4 2025), and 98.02% (Q3 2025), per Business Quant data.