American Tower (AMT) Operating Income (2009 - 2026)
American Tower's Operating Income came in at $1.27 billion for Q3 2026, up 2.9% from $1.23 billion a year earlier and unchanged from the prior quarter.
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Analysis
American Tower (AMT) Operating Income (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, American Tower reported Operating Income of $4.94 billion, up 3.6% year-over-year; for FY2025, it was $4.85 billion, up 7.3% from FY2024.
- Operating Income has increased in each of the last three years, with a five-year compound annual growth rate of 10.9% (FY2020 to FY2025).
- Going back by year, Operating Income was $4.52 billion in FY2024 (+44.5%), $3.13 billion in FY2023 (+14.1%), $2.74 billion in FY2022 (-12.6%) and $3.13 billion in FY2021 (+8.5%).
- The Q3 2026 figure represents the highest quarterly Operating Income in data going back to Q1 2009.
- Year-over-year, Operating Income increased in seven of the last eight quarters, with growth averaging 14.1%.
- The fastest year-over-year change in Operating Income over five years came in Q4 2024 (growth of 76.3%), and the weakest in Q3 2022 (a decline of 21.1%).
- Business Quant data shows AMT's Operating Income at $1.27 billion (Q2 2026), $1.24 billion (Q1 2026) and $1.16 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 86.72 Bn | 80.00 Bn | 2.75 Bn | 1.27 Bn |
| 2 | Digital Realty Trust | 67.98 Bn | 59.43 Bn | - | 302.13 Mn |
| 3 | Crown Castle | 37.11 Bn | 35.78 Bn | 982.00 Mn | 465.00 Mn |
| 4 | Sba Communications | 19.86 Bn | 18.40 Bn | 542.40 Mn | 367.74 Mn |
| 5 | Lamar Advertising | 16.11 Bn | 15.92 Bn | 422.53 Mn | 207.96 Mn |
| 6 | OUTFRONT Media | 5.53 Bn | 5.27 Bn | 276.40 Mn | 116.10 Mn |
| 7 | IHS Holding | 2.84 Bn | -723.51 Mn | 207.10 Mn | 82.80 Mn |
| 8 | Array Digital Infrastructure | 2.59 Bn | 1.48 Bn | 30.57 Mn | 399.26 Mn |
| 9 | Clear Channel Outdoor Holdings | 1.23 Bn | 518.82 Mn | 241.86 Mn | 89.06 Mn |
| 10 | Fermi | 1.03 Bn | 171.55 Mn | - | -26.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.27 Bn |
| Jun 30, 2026 | 1.27 Bn |
| Mar 31, 2026 | 1.24 Bn |
| Dec 31, 2025 | 1.16 Bn |
| Sep 30, 2025 | 1.23 Bn |
| Jun 30, 2025 | 1.20 Bn |
| Mar 31, 2025 | 1.25 Bn |
| Dec 31, 2024 | 1.08 Bn |
| Sep 30, 2024 | 1.14 Bn |
| Jun 30, 2024 | 1.16 Bn |
| Mar 31, 2024 | 1.14 Bn |
| Dec 31, 2023 | 612.80 Mn |
| Sep 30, 2023 | 913.00 Mn |
| Jun 30, 2023 | 852.70 Mn |
| Mar 31, 2023 | 747.00 Mn |
| Dec 31, 2022 | 578.30 Mn |
| Sep 30, 2022 | 652.90 Mn |
| Jun 30, 2022 | 782.30 Mn |
| Mar 31, 2022 | 725.10 Mn |
| Dec 31, 2021 | 626.60 Mn |
API Access
American Tower Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "AMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();