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

American Tower has disclosed Net Margin across 18 years of filings, most recently posting 31.4% for Q1 2026.

• Net Margin for Q1 2026 came in at 31.4%, up 1233.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 26.81% (up 886.0% YoY), and the FY2025 annual result was 23.76%, down 816.0% from the prior year.
• Net Margin came in at 31.4% for Q1 2026 at American Tower, up from 29.98% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 48.27% in Q4 2024 to a low of 31.41% in Q3 2024.
• The 5-year median for Net Margin is 26.75% (2022), against an average of 19.81%.
• Across the five-year window, Net Margin plunged 5469 bps in 2024 and surged 6281 bps in 2025, its largest moves.
• American Tower's Net Margin stood at 24.85% in 2022, then surged by 114 bps to 3.46% in 2023, then jumped by 1296 bps to 48.27% in 2024, then sank by 38 bps to 29.98% in 2025, then increased by 5 bps to 31.4% in 2026.
• The last three Net Margin figures came in at 31.4% (Q1 2026), 29.98% (Q4 2025), and 31.4% (Q3 2025), per Business Quant data.