American Tower (AMT) Operating Leases (2019 - 2026)
American Tower's (AMT) quarterly Operating Leases came in at $7.8 billion in Q2 2026, up 0.8% year-over-year from $7.7 billion in Q2 2025, and little changed quarter-over-quarter from $7.8 billion in Q1 2026.
Analysis
American Tower (AMT) Operating Leases (2019 - 2026) Analysis & Trends
American Tower has disclosed Operating Leases across 8 years of filings, most recently posting $7.8 billion for Q2 2026.
- In Q2 2026, Operating Leases rose 0.8% year-over-year to $7.8 billion; the TTM figure through Jun 2026 stood at $7.8 billion (up 0.8% YoY), while the FY2025 annual figure was $7.7 billion, up 3.91% from the prior year.
- Operating Leases came in at $7.8 billion for Q2 2026 at American Tower, roughly flat from $7.8 billion in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $8.8 billion in Q1 2022 to a low of $7.5 billion in Q4 2024.
- Average Operating Leases over 5 years is $8.1 billion, with a median of $8.0 billion recorded in 2023.
- Year-over-year, Operating Leases rose 18.86% in 2022 and retreated 12.35% in 2025.
- Over 5 years, Operating Leases stood at $8.4 billion in 2022, then slipped by 10.44% to $7.5 billion in 2023, then fell by 0.71% to $7.5 billion in 2024, then grew by 3.91% to $7.7 billion in 2025, then advanced by 0.6% to $7.8 billion in 2026.
- Per Business Quant data, the three most recent Operating Leases figures were $7.8 billion in Q2 2026, $7.8 billion in Q1 2026, and $7.7 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | American Tower | 81.89 Bn | 86.66 Bn | 2.72 Bn |
| 2 | Crown Castle | 32.30 Bn | 31.26 Bn | 989.00 Mn |
| 3 | Sba Communications | 20.10 Bn | 20.18 Bn | 539.27 Mn |
| 4 | Array Digital Infrastructure | 3.33 Bn | 2.92 Bn | 30.57 Mn |
| 5 | IHS Holding | 2.84 Bn | 1.77 Bn | 207.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.79 Bn |
| Mar 31, 2026 | 7.81 Bn |
| Dec 31, 2025 | 7.74 Bn |
| Sep 30, 2025 | 7.77 Bn |
| Jun 30, 2025 | 7.73 Bn |
| Mar 31, 2025 | 7.52 Bn |
| Dec 31, 2024 | 7.45 Bn |
| Sep 30, 2024 | 7.68 Bn |
| Jun 30, 2024 | 8.42 Bn |
| Mar 31, 2024 | 8.58 Bn |
| Dec 31, 2023 | 7.51 Bn |
| Sep 30, 2023 | 8.22 Bn |
| Jun 30, 2023 | 8.38 Bn |
| Mar 31, 2023 | 8.37 Bn |
| Dec 31, 2022 | 8.38 Bn |
| Sep 30, 2022 | 8.33 Bn |
| Jun 30, 2022 | 8.62 Bn |
| Mar 31, 2022 | 8.76 Bn |
| Dec 31, 2021 | 8.75 Bn |
| Sep 30, 2021 | 8.60 Bn |