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

American Tower has disclosed Operating Margin across 18 years of filings, most recently posting 46.15% for Q2 2026.

• In Q2 2026, Operating Margin rose 56.0% year-over-year to 46.15%; the TTM figure through Jun 2026 stood at 44.8% (down 73.0% YoY), while the FY2025 annual figure was 45.52%, up 93.0% from the prior year.
• Operating Margin came in at 46.15% for Q2 2026 at American Tower, up from 45.27% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 48.93% in Q1 2025 to a low of 24.44% in Q3 2022.
• Average Operating Margin over 5 years is 38.5%, with a median of 42.4% recorded in 2024.
• Year-over-year, Operating Margin plunged 1114 bps in 2022 and soared 1745 bps in 2024.
• Over 5 years, Operating Margin stood at 35.28% in 2022, then declined by 29 bps to 24.95% in 2023, then soared by 70 bps to 42.4% in 2024, then gained by 0 bps to 42.4% in 2025, then climbed by 9 bps to 46.15% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 46.15% in Q2 2026, 45.27% in Q1 2026, and 42.4% in Q4 2025.