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

American Tower has disclosed Gross Margin across 18 years of filings, most recently posting 98.79% for Q2 2026.

• In Q2 2026, Gross Margin rose 62.0% year-over-year to 98.79%; the TTM figure through Jun 2026 stood at 98.51% (down 13.0% YoY), while the FY2025 annual figure was 98.37%, down 72.0% from the prior year.
• Gross Margin came in at 98.79% for Q2 2026 at American Tower, roughly flat from 98.59% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 99.89% in Q1 2024 to a low of 59.19% in Q4 2022.
• Average Gross Margin over 5 years is 96.0%, with a median of 98.64% recorded in 2025.
• Year-over-year, Gross Margin tumbled 3168 bps in 2022 and surged 3425 bps in 2023.
• Over 5 years, Gross Margin stood at 59.19% in 2022, then surged by 58 bps to 93.44% in 2023, then grew by 6 bps to 98.75% in 2024, then declined by 0 bps to 98.64% in 2025, then climbed by 0 bps to 98.79% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 98.79% in Q2 2026, 98.59% in Q1 2026, and 98.64% in Q4 2025.