American Tower (AMT) Operating Expenses (2009 - 2026)

American Tower has disclosed Operating Expenses across 18 years of filings, most recently posting $1.5 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $1.5 billion, up 14.49% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.0 billion (up 7.94% YoY), and the FY2025 annual result was $5.8 billion, up 3.35% from the prior year.
• Operating Expenses came in at $1.5 billion for Q1 2026 at American Tower, down 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.
• The 5-year median for Operating Expenses is $1.5 billion (2026), against an average of $1.6 billion.
• Across the five-year window, Operating Expenses slumped 41.66% in 2022 and jumped 73.73% in 2023, its largest moves.
• American Tower's 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 decreased by 4.98% to $1.5 billion in 2026.
• The last three Operating Expenses figures came in at $1.5 billion (Q1 2026), $1.6 billion (Q4 2025), and $1.5 billion (Q3 2025), per Business Quant data.