American Tower (AMT) Operating Expenses (2009 - 2026)
American Tower (AMT) reported Operating Expenses of $1.5 billion for Q1 2026, up 14.49% on a YoY basis from $1.3 billion in Q1 2025, and down 4.98% sequentially from $1.6 billion in Q4 2025.
American Tower (AMT) Operating Expenses (2009 - 2026) Analysis & Trends
American Tower (AMT) has 18 years of Operating Expenses data on file, last reported at $1.5 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 14.49% year-over-year to $1.5 billion; the trailing twelve-month figure through Mar 2026 stood at $6.0 billion (up 7.94% YoY), and the FY2025 full-year result was $5.8 billion, up 3.35% from the prior year.
- Operating Expenses fell to $1.5 billion in Q1 2026, from $1.6 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.0 billion in Q3 2022 to a low of $1.1 billion in Q4 2022.
- A 5-year average of $1.6 billion and a median of $1.5 billion in 2026 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses plunged 41.66% in 2022 and jumped 73.73% in 2023, its largest moves.
- Tracing AMT's Operating Expenses over 5 years: stood at $1.1 billion in 2022, then jumped by 73.73% to $1.8 billion in 2023, then declined by 20.39% to $1.5 billion in 2024, then increased by 7.45% to $1.6 billion in 2025, then retreated by 4.98% to $1.5 billion in 2026.
- Business Quant data shows AMT's Operating Expenses at $1.5 billion in Q1 2026, $1.6 billion in Q4 2025, and $1.5 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.00 Bn | 98.94 Bn | 1.26 Bn | 1.87 Bn |
| 2 | American Tower | 76.76 Bn | 83.27 Bn | 2.70 Bn | 1.50 Bn |
| 3 | Digital Realty Trust | 61.91 Bn | 61.08 Bn | - | 1.37 Bn |
| 4 | Iron Mountain | 37.06 Bn | 37.09 Bn | 1.05 Bn | 1.54 Bn |
| 5 | Crown Castle | 32.50 Bn | 32.44 Bn | 23.00 Mn | 545.00 Mn |
| 6 | Sba Communications | 18.50 Bn | 18.59 Bn | 532.10 Mn | 360.59 Mn |
| 7 | Weyerhaeuser | 17.05 Bn | 16.75 Bn | 318.00 Mn | 120.00 Mn |
| 8 | Lamar Advertising | 15.99 Bn | 15.96 Bn | 344.69 Mn | 381.94 Mn |
| 9 | Gaming & Leisure Properties | 12.58 Bn | 12.98 Bn | - | 86.64 Mn |
| 10 | Rayonier | 6.43 Bn | 5.79 Bn | 46.45 Mn | 322.44 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.50 Bn |
| Dec 31, 2025 | 1.58 Bn |
| Sep 30, 2025 | 1.48 Bn |
| Jun 30, 2025 | 1.43 Bn |
| Mar 31, 2025 | 1.31 Bn |
| Dec 31, 2024 | 1.47 Bn |
| Sep 30, 2024 | 1.38 Bn |
| Jun 30, 2024 | 1.39 Bn |
| Mar 31, 2024 | 1.37 Bn |
| Dec 31, 2023 | 1.84 Bn |
| Sep 30, 2023 | 1.61 Bn |
| Jun 30, 2023 | 1.90 Bn |
| Mar 31, 2023 | 1.99 Bn |
| Dec 31, 2022 | 1.06 Bn |
| Sep 30, 2022 | 2.02 Bn |
| Jun 30, 2022 | 1.89 Bn |
| Mar 31, 2022 | 1.94 Bn |
| Dec 31, 2021 | 1.82 Bn |
| Sep 30, 2021 | 1.63 Bn |
| Jun 30, 2021 | 1.45 Bn |