Crown Castle (CCI) Operating Expenses (2009 - 2026)
Crown Castle's Operating Expenses came in at $538 million for Q2 2026, down 2.9% from $554 million a year earlier and down 1.3% from the prior quarter.
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Analysis
Crown Castle (CCI) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Crown Castle reported Operating Expenses of $2.18 billion, down 2.4% year-over-year; for FY2025, it was $2.19 billion, down 6.5% from FY2024.
- Operating Expenses has declined in each of the last three years, with a five-year compound annual growth rate of -12.8% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $2.34 billion in FY2024 (-11.2%), $2.64 billion in FY2023 (-42.2%), $4.56 billion in FY2022 (+5.1%) and $4.34 billion in FY2021 (unchanged).
- The Q2 2026 figure represents the lowest quarterly Operating Expenses since Q4 2023.
- Year-over-year, Operating Expenses increased in 1 of the last seven quarters, with an average decline of 11.1%.
- The fastest year-over-year change in Operating Expenses over five years came in Q1 2022 (growth of 8.4%), and the weakest in Q3 2024 (a decline of 50.2%).
- Business Quant data shows CCI's Operating Expenses at $545 million (Q1 2026), $548 million (Q4 2025) and $547 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 1.48 Bn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 1.46 Bn |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 538.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 363.41 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 408.79 Mn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 406.40 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | -345.19 Mn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | -125.40 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | 26.76 Mn |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 69.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 538.00 Mn |
| Mar 31, 2026 | 545.00 Mn |
| Dec 31, 2025 | 548.00 Mn |
| Sep 30, 2025 | 547.00 Mn |
| Jun 30, 2025 | 554.00 Mn |
| Mar 31, 2025 | 540.00 Mn |
| Dec 31, 2024 | 549.00 Mn |
| Sep 30, 2024 | 588.00 Mn |
| Jun 30, 2024 | 612.00 Mn |
| Mar 31, 2024 | 594.00 Mn |
| Dec 31, 2023 | -889.00 Mn |
| Sep 30, 2023 | 1.18 Bn |
| Jun 30, 2023 | 1.20 Bn |
| Mar 31, 2023 | 1.15 Bn |
| Dec 31, 2022 | 1.15 Bn |
| Sep 30, 2022 | 1.14 Bn |
| Jun 30, 2022 | 1.14 Bn |
| Mar 31, 2022 | 1.12 Bn |
| Dec 31, 2021 | 1.13 Bn |
| Sep 30, 2021 | 1.09 Bn |
API Access
Crown Castle Operating Expenses 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-expenses&ticker=CCI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CCI", "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-expenses&ticker=CCI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();