American Tower Corp /Ma/ (AMT) Operating Margin (2009 - 2026)
American Tower (AMT) reported Operating Margin of 46.15% for Q2 2026, up 0.56 percentage points from 45.59% a year earlier and up 0.89 percentage points from the prior quarter.
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Analysis
American Tower Corp /Ma/ (AMT) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, American Tower's Operating Margin came in at 44.80%, down 0.73 percentage points year-over-year; for FY2025, it came in at 45.52%, up 0.93 percentage points from FY2024.
- Operating Margin has increased for three consecutive years, with a five-year change of +9.62 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 44.60% in FY2024 (+13.38 pp), 31.22% in FY2023 (+2.82 pp), 28.39% in FY2022 (-5.08 pp) and 33.47% in FY2021 (-2.43 pp).
- The Q2 2026 figure ranks as the highest quarterly Operating Margin since Q1 2025.
- Year over year, Operating Margin gained in six of the last eight quarters, with an average year-over-year change of +3.40 percentage points.
- The high point for year-over-year Operating Margin in five years was Q4 2024 (a gain of 17.45 percentage points); the low point was Q1 2022 (a drop of 11.14 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 45.27% (Q1 2026), 42.40% (Q4 2025) and 45.39% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.15% |
| Mar 31, 2026 | 45.27% |
| Dec 31, 2025 | 42.40% |
| Sep 30, 2025 | 45.39% |
| Jun 30, 2025 | 45.59% |
| Mar 31, 2025 | 48.93% |
| Dec 31, 2024 | 42.40% |
| Sep 30, 2024 | 45.17% |
| Jun 30, 2024 | 45.44% |
| Mar 31, 2024 | 45.41% |
| Dec 31, 2023 | 24.95% |
| Sep 30, 2023 | 36.21% |
| Jun 30, 2023 | 33.91% |
| Mar 31, 2023 | 29.64% |
| Dec 31, 2022 | 35.28% |
| Sep 30, 2022 | 24.44% |
| Jun 30, 2022 | 29.25% |
| Mar 31, 2022 | 27.26% |
| Dec 31, 2021 | 25.63% |
| Sep 30, 2021 | 33.72% |
API Access
American Tower Corp /Ma/ Operating Margin 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-margin&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();