American Tower (AMT) Operating Expenses (2009 - 2026)
American Tower (AMT) posted Operating Expenses of $1.5 billion for Q2 2026, down 1.2% sequentially from $1.5 billion in Q1 2026, and up 3.58% YoY from $1.4 billion in Q2 2025.
American Tower (AMT) Operating Expenses (2009 - 2026) Analysis & Trends
American Tower has reported Operating Expenses for 18 years, with the latest figure at $1.5 billion in Q2 2026.
- Quarterly Operating Expenses rose 3.58% year-over-year to $1.5 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $6.0 billion (up 8.07% YoY) and the FY2025 annual result came in at $5.8 billion, up 3.35% from the prior year.
- Operating Expenses eased to $1.5 billion in Q2 2026 per AMT's latest filing, from $1.5 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $2.0 billion in Q3 2022 and troughed at $1.1 billion in Q4 2022.
- A 5-year average of $1.6 billion and a median of $1.5 billion in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses slumped 41.66% in 2022, then soared 73.73% in 2023.
- Over 5 years, Operating Expenses stood at $1.1 billion in 2022, then jumped by 73.73% to $1.8 billion in 2023, then decreased by 20.39% to $1.5 billion in 2024, then advanced by 7.45% to $1.6 billion in 2025, then retreated by 6.12% to $1.5 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.5 billion, $1.5 billion, and $1.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.74 Bn | 104.52 Bn | 1.40 Bn | 1.96 Bn |
| 2 | American Tower | 82.05 Bn | 80.29 Bn | 2.72 Bn | 1.48 Bn |
| 3 | Digital Realty Trust | 68.79 Bn | 66.93 Bn | - | 1.46 Bn |
| 4 | Iron Mountain | 36.65 Bn | 36.44 Bn | 1.07 Bn | 1.66 Bn |
| 5 | Crown Castle | 32.67 Bn | 31.63 Bn | 989.00 Mn | 538.00 Mn |
| 6 | Sba Communications | 19.18 Bn | 19.18 Bn | 539.27 Mn | 363.41 Mn |
| 7 | Weyerhaeuser | 17.80 Bn | 17.27 Bn | 311.00 Mn | 116.00 Mn |
| 8 | Lamar Advertising | 15.33 Bn | 15.26 Bn | 422.53 Mn | 408.79 Mn |
| 9 | Gaming & Leisure Properties | 12.49 Bn | 12.49 Bn | - | 98.13 Mn |
| 10 | Rayonier | 6.43 Bn | 6.01 Bn | 75.67 Mn | 361.86 Mn |
Historic Data
Download 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 |