AMT

American Tower
D

AMT

Arincen73/100B

American Tower income statement 1997–2026

11.01B USD over the last twelve months, and 10.65B USD in fiscal year 2025.

Revenue Operating income Net income

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Fiscal year
TTM
30 Sept 2026
FY2025
31 Dec 2025
FY2024
31 Dec 2024
FY2023
31 Dec 2023
FY2022
31 Dec 2022
FY2021
31 Dec 2021
FY2020
31 Dec 2020
FY2019
31 Dec 2019
FY2018
31 Dec 2018
FY2017
31 Dec 2017
FY2016
31 Dec 2016
Revenue
11.01B10.65B10.13B10.01B9.65B9.36B8.04B7.58B7.44B6.66B5.79B
Revenue growth
+5.31%+5.11%+1.15%+3.80%+3.08%+16.36%+6.08%+1.88%+11.65%+15.18%+21.25%
Cost of revenue
3.01B2.80B2.57B2.56B2.57B2.68B2.23B2.21B2.18B2.05B1.79B
Gross profit
8.00B7.84B7.55B7.45B7.08B6.67B5.81B5.37B5.26B4.61B4.00B
Gross margin
72.62%73.68%74.58%74.42%73.36%71.34%72.30%70.79%70.73%69.18%69.10%
Research and development
———————————
Selling, general and administrative
—944.20M933.40M946.00M902.10M811.60M778.70M733.20M733.20M639.90M545.83M
Operating expenses
3.06B3.00B3.04B4.33B4.34B3.54B2.93B2.68B3.36B2.61B2.14B
4.94B4.85B4.52B3.13B2.74B3.13B2.89B2.69B1.91B2.00B1.85B
Operating income growth
+3.62%+7.29%+44.50%+14.13%-12.56%+8.47%+7.41%+41.12%-4.67%+7.85%+14.90%
Operating margin
44.85%45.52%44.60%31.22%28.39%33.47%35.91%35.47%25.60%29.99%32.03%
Interest income
—93.60M135.20M118.60M49.10M40.40M39.70M46.80M54.70M47.40M37.74M
Interest expense
1.42B1.02B1.40B1.39B1.14B870.90M793.50M814.20M825.60M750.80M718.29M
Other non-operating income
-1.02B-1.84B-891.70M-1.60B-652.60M-302.60M-1.07B-772.00M-750.40M-742.30M-727.14M
Pretax income
3.84B3.04B3.62B1.53B2.09B2.83B1.82B1.92B1.15B1.26B1.13B
Income tax
495.60M415.70M366.30M90.80M112.80M261.80M129.60M-200.00K-110.10M30.70M155.50M
Effective tax rate
12.91%13.66%10.11%5.94%5.41%9.25%7.12%-0.01%-9.54%2.44%13.81%
3.29B2.53B2.26B1.48B1.77B2.57B1.69B1.89B1.24B1.24B956.43M
Net income growth
+12.00%+12.19%+52.03%-16.00%-31.23%+51.88%-10.45%+52.69%-0.20%+29.53%+39.61%
Net margin
29.89%23.76%22.27%14.81%18.31%27.44%21.02%24.90%16.62%18.59%16.53%
Basic shares
466.68M469.14M467.01M466.06M461.52M451.50M443.64M442.32M439.61M428.18M425.14M
Diluted shares
467.08M469.14M468.12M467.16M462.75M453.29M446.10M445.52M442.96M431.69M429.28M
Change in diluted shares
-0.33%+0.22%+0.21%+0.95%+2.09%+1.61%+0.13%+0.58%+2.61%+0.56%+1.48%
EPS (basic)
7.115.404.833.183.835.693.814.272.812.692.00
EPS (diluted)
7.095.394.823.183.825.663.794.242.792.671.98
EPS growth
+13.26%+11.83%+51.57%-16.75%-32.51%+49.34%-10.61%+51.97%+4.49%+34.85%+40.43%
Dividends per share
7.076.806.486.455.865.214.533.783.152.622.17
Dividend growth
-15.23%+4.94%+0.47%+10.07%+12.48%+15.01%+19.84%+20.00%+20.23%+20.74%+19.89%
EBITDA
7.32B6.10B7.15B6.00B6.58B6.03B4.50B4.51B4.09B3.72B3.37B
EBITDA margin
66.49%57.34%70.64%59.97%68.19%64.48%55.92%59.48%54.99%55.85%58.24%
EBIT
5.25B4.06B5.03B2.92B3.22B3.70B2.61B2.73B1.98B2.01B1.84B

Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

Figures underlined with dots are from the company's SEC filings, where our data provider's differ.

Common questions about American Tower's income statement

Source: Financial Modeling PrepVerified against SEC filings