United States was American Tower’s largest segment in fiscal 2025, bringing in $19.89B of $31.93B (62%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $18.00B | $18.55B | $19.06B | $19.89B | |||||||
| Salesrevenuenet | — | — | — | — | |||||||
| India | — | — | — | — | |||||||
| Brazil | $2.23B | $2.36B | $2.36B | $2.12B | |||||||
| Mexico | $1.77B | $1.84B | $1.63B | $1.53B | |||||||
| Nigeria | $1.43B | $1.49B | $1.15B | $1.39B | |||||||
| Spain | $945.30M | $894.00M | $932.40M | $1.06B | |||||||
| Germany | $960.00M | $1.09B | $1.21B | $1.37B | |||||||
| Uganda | $599.10M | $711.60M | $807.30M | $893.70M | |||||||
| South Africa | $494.40M | $473.70M | $522.00M | $517.80M | |||||||
| Ghana | $433.20M | $385.80M | $380.10M | $548.40M | |||||||
| Kenya | $369.30M | $360.00M | $423.30M | $532.80M | |||||||
| France | $298.80M | $340.20M | $365.10M | $390.90M | |||||||
| Colombia | $318.30M | $351.00M | $331.20M | $366.60M | |||||||
| Chile | $275.40M | $318.90M | $311.10M | $352.20M | |||||||
| Peru | $254.10M | $273.30M | $285.00M | $296.70M | |||||||
| Niger | $126.30M | $145.20M | $153.90M | $157.20M | |||||||
| Burkina Faso | $123.60M | $114.30M | $120.30M | $169.50M | |||||||
| Argentina | $117.60M | $131.40M | $108.60M | $130.80M | |||||||
| Costa Rica | $71.70M | $74.10M | $75.90M | $77.10M | |||||||
| Paraguay | $46.20M | $48.90M | $48.90M | $52.80M | |||||||
| Canada | $37.50M | $35.10M | $39.90M | $36.00M | |||||||
| Philippines | $15.90M | $26.70M | $27.60M | $31.20M | |||||||
| Bangladesh | $11.70M | $17.10M | $23.70M | $33.00M | |||||||
| Australia | $5.40M | $7.80M | $7.80M | — | |||||||
| New Zealand | — | $4.80M | $4.80M | — | |||||||
| New Zealand (4) | $900.00K | — | — | — | |||||||
| Poland | $3.00M | $1.80M | — | — | |||||||
| Total | $28.94B | $30.04B | $30.38B | $31.93B |
American Tower brought in $31.93B from its 22 segments in fiscal 2025, the year ended December 31, 2025. American Tower regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $30.38B. United States was the largest at $19.89B (62.3%), ahead of Brazil at $2.12B (6.7%) and Mexico at $1.53B (4.8%). The other 19 segments brought in $8.39B combined.
Compared with fiscal 2024, Nigeria grew fastest, up 20.1% to $1.39B, while Brazil fell the most, down 9.9% to $2.12B.
American Tower stopped reporting Australia ($7.80M in fiscal 2024), New Zealand ($4.80M in fiscal 2024), Poland ($1.80M in fiscal 2023) and one other as separate segments.
Property was American Tower’s largest product and service line in fiscal 2025, bringing in $30.92B of $31.93B (97%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Property | $28.21B | $29.61B | $29.80B | $30.92B | |||||
| Services | $723.30M | $429.00M | $581.10M | $1.02B | |||||
| Total | $28.94B | $30.04B | $30.38B | $31.93B |
American Tower brought in $31.93B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 5.1% from $30.38B in fiscal 2024. Property was the largest at $30.92B (96.8%), ahead of Services at $1.02B (3.2%).
Compared with fiscal 2024, Services grew 75.3% to $1.02B and Property grew 3.7% to $30.92B. From fiscal 2022 to 2025, combined revenue from these lines grew from $28.94B to $31.93B, a compound annual growth rate of 3.3%. Property's share of the total fell from 97.5% to 96.8%.
Rental & Management was American Tower’s largest segment in fiscal 2008, bringing in $3.96B of $4.10B (97%).
| Segment Reporting Information, by Segment | FY 2008 |
|---|---|
| Rental & Management | $3.96B |
| Network Development Services | $139.41M |
| Total | $4.10B |
American Tower brought in $4.10B from its two segments in fiscal 2008, the year ended December 31, 2008. Rental & Management was the largest at $3.96B (96.6%), ahead of Network Development Services at $139.41M (3.4%).
American Tower (AMT) reports its revenue by segment, by product and service and by segment reporting information, by segment. In fiscal 2025, United States was its largest segment, bringing in $19.89B (62.3% of the total), followed by Brazil at $2.12B (6.7%).
United States was American Tower's largest segment in fiscal 2025, bringing in $19.89B, or 62.3% of the $31.93B total across its 22 segments.
Property was American Tower's largest product and service line in fiscal 2025, bringing in $30.92B, or 96.8% of the $31.93B total across its two product and service lines.
Services grew faster than Property in fiscal 2025, up 75.3% from $581.10M to $1.02B. Property grew 3.7% to $30.92B.
Every figure comes from American Tower's annual financial filings, as reported. Each line keeps the name American Tower gives it, and years follow its fiscal calendar.
American Tower's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.