American Tower annual capital expenditures (capex)
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American Tower Capital Expenditures (CapEx) Growth & History (AMT)
American Tower's capital expenditures (capex) was $1.68B for fiscal 2025.
View full American Tower company overviewAmerican Tower annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.68B | $90.4M | +5.69% |
| 2024 | 2024-12-31 | $1.59B | −$208.1M | −11.57% |
| 2023 | 2023-12-31 | $1.80B | −$75.5M | −4.03% |
| 2022 | 2022-12-31 | $1.87B | $496.9M | +36.09% |
| 2021 | 2021-12-31 | $1.38B | $345.0M | +33.44% |
| 2020 | 2020-12-31 | $1.03B | $40.4M | +4.08% |
| 2019 | 2019-12-31 | $991.3M | $78.1M | +8.55% |
| 2018 | 2018-12-31 | $913.2M | $109.6M | +13.64% |
| 2017 | 2017-12-31 | $803.6M | $121.1M | +17.74% |
| 2016 | 2016-12-31 | $682.5M | −$46.2M | −6.35% |
| 2015 | 2015-12-31 | $728.8M | −$245.7M | −25.21% |
| 2014 | 2014-12-31 | $974.4M | $249.9M | +34.49% |
| 2013 | 2013-12-31 | $724.5M | $156.5M | +27.55% |
| 2012 | 2012-12-31 | $568.0M | $45.0M | +8.61% |
| 2011 | 2011-12-31 | $523.0M | $176.4M | +50.87% |
| 2010 | 2010-12-31 | $346.7M | $96.4M | +38.52% |
| 2009 | 2009-12-31 | $250.3M | $6.8M | +2.78% |
| 2008 | 2008-12-31 | $243.5M | $89.1M | +57.72% |
| 2007 | 2007-12-31 | $154.4M | — | — |
American Tower quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $320.9M | $16.3M | +5.35% |
| Q1 2026 | 2026-03-31 | $449.5M | $118.4M | +35.76% |
| Q4 2025 | 2025-12-31 | $579.2M | $135.8M | +30.63% |
| Q3 2025 | 2025-09-30 | $465.5M | $40.8M | +9.61% |
| Q2 2025 | 2025-06-30 | $304.6M | −$20.6M | −6.33% |
| Q1 2025 · Mar 31 | 2025-03-31 | $331.1M | −$65.6M | −16.54% |
| Q4 2024 | 2024-12-31 | $443.4M | — | — |
| Q3 2024 | 2024-09-30 | $424.7M | $34.0M | +8.70% |
| Q2 2024 | 2024-06-30 | $325.2M | −$95.7M | −22.74% |
| Q1 2024 · Mar 31 | 2024-03-31 | $396.7M | −$65.2M | −14.12% |
| Q3 2023 | 2023-09-30 | $390.7M | −$68.5M | −14.92% |
| Q2 2023 | 2023-06-30 | $420.9M | $50.8M | +13.73% |
| Q1 2023 · Mar 31 | 2023-03-31 | $461.9M | $75.8M | +19.63% |
| Q3 2022 | 2022-09-30 | $459.2M | $145.2M | +46.24% |
| Q2 2022 | 2022-06-30 | $370.1M | $92.2M | +33.18% |
| Q1 2022 | 2022-03-31 | $386.1M | $61.3M | +18.87% |
| Q3 2021 | 2021-09-30 | $314.0M | $70.1M | +28.74% |
| Q2 2021 | 2021-06-30 | $277.9M | $67.4M | +32.02% |
| Q1 2021 · Mar 31 | 2021-03-31 | $324.8M | $110.4M | +51.49% |
| Q3 2020 | 2020-09-30 | $243.9M | −$16.4M | −6.30% |
| Q2 2020 | 2020-06-30 | $210.5M | −$33.0M | −13.55% |
| Q1 2020 | 2020-03-31 | $214.4M | −$6.4M | −2.90% |
| Q4 2019 | 2019-12-31 | $266.7M | −$36.1M | −11.92% |
| Q3 2019 | 2019-09-30 | $260.3M | $74.8M | +40.32% |
| Q2 2019 | 2019-06-30 | $243.5M | $17.1M | +7.55% |
| Q1 2019 | 2019-03-31 | $220.8M | $22.3M | +11.23% |
| Q4 2018 | 2018-12-31 | $302.8M | $54.2M | +21.80% |
| Q3 2018 | 2018-09-30 | $185.5M | $2.0M | +1.09% |
| Q2 2018 | 2018-06-30 | $226.4M | $23.0M | +11.31% |
| Q1 2018 | 2018-03-31 | $198.5M | $30.4M | +18.08% |
| Q4 2017 | 2017-12-31 | $248.6M | $41.3M | +19.90% |
| Q3 2017 | 2017-09-30 | $183.5M | $27.8M | +17.82% |
| Q2 2017 | 2017-06-30 | $203.4M | $38.2M | +23.12% |
| Q1 2017 | 2017-03-31 | $168.1M | $13.9M | +9.00% |
| Q4 2016 | 2016-12-31 | $207.3M | −$3.4M | −1.62% |
| Q3 2016 | 2016-09-30 | $155.7M | −$51.1M | −24.72% |
| Q2 2016 | 2016-06-30 | $165.2M | $13.3M | +8.73% |
| Q1 2016 | 2016-03-31 | $154.2M | −$5.0M | −3.12% |
| Q4 2015 | 2015-12-31 | $210.7M | −$40.3M | −16.06% |
| Q3 2015 | 2015-09-30 | $206.9M | −$50.2M | −19.53% |
| Q2 2015 | 2015-06-30 | $151.9M | −$100.4M | −39.79% |
| Q1 2015 | 2015-03-31 | $159.2M | −$54.7M | −25.58% |
| Q4 2014 | 2014-12-31 | $251.1M | −$25.2M | −9.13% |
| Q3 2014 | 2014-09-30 | $257.1M | $89.5M | +53.36% |
| Q2 2014 | 2014-06-30 | $252.4M | $95.7M | +61.04% |
| Q1 2014 | 2014-03-31 | $213.9M | $90.0M | +72.62% |
| Q4 2013 | 2013-12-31 | $276.3M | $85.3M | +44.63% |
| Q3 2013 | 2013-09-30 | $167.6M | $17.0M | +11.30% |
| Q2 2013 | 2013-06-30 | $156.7M | $51.3M | +48.71% |
| Q1 2013 | 2013-03-31 | $123.9M | $2.9M | +2.37% |
| Q4 2012 | 2012-12-31 | $191.0M | $65.1M | +51.69% |
| Q3 2012 | 2012-09-30 | $150.6M | −$9.9M | −6.16% |
| Q2 2012 | 2012-06-30 | $105.4M | −$33.3M | −24.02% |
| Q1 2012 | 2012-03-31 | $121.0M | $23.1M | +23.63% |
| Q4 2011 | 2011-12-31 | $125.9M | $7.7M | +6.55% |
| Q3 2011 | 2011-09-30 | $160.5M | $64.5M | +67.25% |
| Q2 2011 | 2011-06-30 | $138.7M | $61.2M | +79.05% |
| Q1 2011 | 2011-03-31 | $97.9M | $42.8M | +77.82% |
| Q4 2010 | 2010-12-31 | $118.2M | $50.3M | +74.22% |
| Q3 2010 | 2010-09-30 | $96.0M | $27.4M | +39.95% |
| Q2 2010 | 2010-06-30 | $77.5M | $13.2M | +20.59% |
| Q1 2010 | 2010-03-31 | $55.1M | $5.4M | +10.94% |
| Q4 2009 | 2009-12-31 | $67.8M | — | — |
| Q3 2009 | 2009-09-30 | $68.6M | $697,000 | +1.03% |
| Q2 2009 | 2009-06-30 | $64.2M | — | — |
| Q1 2009 | 2009-03-31 | $49.6M | — | — |
| Q3 2008 | 2008-09-30 | $67.9M | — | — |
American Tower capital expenditures (capex) trends
Over the last five fiscal years, American Tower's capital expenditures (capex) increased from $1.03B to $1.68B, a change of $648.7M. The latest reported quarter, Q2 2026, shows $320.9M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review American Tower source filings ↗