American Tower (AMT) Operating Expenses (2009 - 2026)
American Tower's (AMT) quarterly Operating Expenses came in at $1.5 billion in Q2 2026, up 3.58% year-over-year from $1.4 billion in Q2 2025, and down 1.2% quarter-over-quarter from $1.5 billion in Q1 2026.
Analysis
American Tower (AMT) Operating Expenses (2009 - 2026) Analysis & Trends
American Tower has disclosed Operating Expenses across 18 years of filings, most recently posting $1.5 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 3.58% year-over-year to $1.5 billion; the TTM figure through Jun 2026 stood at $6.0 billion (up 8.07% YoY), while the FY2025 annual figure was $5.8 billion, up 3.35% from the prior year.
- Operating Expenses came in at $1.5 billion for Q2 2026 at American Tower, down from $1.5 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.
- Average Operating Expenses over 5 years is $1.6 billion, with a median of $1.5 billion recorded in 2025.
- Year-over-year, Operating Expenses sank 41.66% in 2022 and surged 73.73% in 2023.
- Over 5 years, Operating Expenses stood at $1.1 billion in 2022, then surged by 73.73% to $1.8 billion in 2023, then fell by 20.39% to $1.5 billion in 2024, then rose by 7.45% to $1.6 billion in 2025, then declined by 6.12% to $1.5 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.5 billion in Q2 2026, $1.5 billion in Q1 2026, and $1.6 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 80.54 Bn | 78.77 Bn | 2.72 Bn | 1.48 Bn |
| 2 | Crown Castle | 31.90 Bn | 30.86 Bn | 989.00 Mn | 538.00 Mn |
| 3 | Sba Communications | 19.24 Bn | 19.24 Bn | 539.27 Mn | 363.41 Mn |
| 4 | Array Digital Infrastructure | 3.30 Bn | 2.88 Bn | 30.57 Mn | -345.19 Mn |
| 5 | IHS Holding | 2.84 Bn | 1.77 Bn | 207.10 Mn | -125.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.48 Bn |
| 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 |