American Tower annual operating margin
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2025
American Tower Operating Margin Growth & History (AMT)
American Tower's operating margin was 517.77% for fiscal 2025.
View full American Tower company overviewAmerican Tower annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 517.77% | −65.31 pp |
| 2024 | 2024-12-31 | 583.08% | +164.84 pp |
| 2023 | 2023-12-31 | 418.24% | +92.49 pp |
| 2022 | 2022-12-31 | 325.75% | −110.95 pp |
| 2021 | 2021-12-31 | 436.70% | −145.81 pp |
| 2020 | 2020-12-31 | 582.51% | +72.57 pp |
| 2019 | 2019-12-31 | 509.94% | +477.91 pp |
| 2016 | 2016-12-31 | 32.03% | −1.77 pp |
| 2015 | 2015-12-31 | 33.80% | −2.47 pp |
| 2014 | 2014-12-31 | 36.27% | +0.14 pp |
| 2013 | 2013-12-31 | 36.12% | −2.81 pp |
| 2012 | 2012-12-31 | 38.93% | +1.28 pp |
| 2011 | 2011-12-31 | 37.66% | −1.85 pp |
| 2010 | 2010-12-31 | 39.51% | +0.52 pp |
| 2009 | 2009-12-31 | 38.99% | +0.91 pp |
| 2008 | 2008-12-31 | 38.08% | +12.10 pp |
| 2007 | 2007-12-31 | 25.98% | — |
American Tower quarterly operating margin
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Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-03-31 | 573.44% | +18.53 pp |
| Q4 2025 | 2025-12-31 | 528.07% | +25.23 pp |
| Q3 2025 | 2025-09-30 | 500.53% | −97.79 pp |
| Q2 2025 | 2025-06-30 | 491.46% | −97.23 pp |
| Q1 2025 | 2025-03-31 | 554.91% | −104.63 pp |
| Q4 2024 | 2024-12-31 | 502.84% | +150.18 pp |
| Q3 2024 | 2024-09-30 | 598.32% | +106.67 pp |
| Q2 2024 | 2024-06-30 | 588.70% | +143.39 pp |
| Q1 2024 | 2024-03-31 | 659.54% | +282.48 pp |
| Q4 2023 | 2023-12-31 | 352.66% | +54.26 pp |
| Q3 2023 | 2023-09-30 | 491.65% | +195.69 pp |
| Q2 2023 | 2023-06-30 | 445.31% | +84.80 pp |
| Q1 2023 | 2023-03-31 | 377.05% | +30.61 pp |
| Q4 2022 | 2022-12-31 | 298.40% | −29.66 pp |
| Q3 2022 | 2022-09-30 | 295.97% | −108.28 pp |
| Q2 2022 | 2022-06-30 | 360.51% | −112.32 pp |
| Q1 2022 | 2022-03-31 | 346.44% | −237.56 pp |
| Q4 2021 | 2021-12-31 | 328.06% | −195.87 pp |
| Q3 2021 | 2021-09-30 | 404.25% | −192.33 pp |
| Q2 2021 | 2021-06-30 | 472.83% | −116.01 pp |
| Q1 2021 | 2021-03-31 | 584.00% | −40.40 pp |
| Q4 2020 | 2020-12-31 | 523.93% | −7.66 pp |
| Q3 2020 | 2020-09-30 | 596.58% | +66.14 pp |
| Q2 2020 | 2020-06-30 | 588.84% | +101.39 pp |
| Q1 2020 | 2020-03-31 | 624.41% | +133.27 pp |
| Q4 2019 | 2019-12-31 | 531.59% | +66.29 pp |
| Q3 2019 · Sep 30 | 2019-09-30 | 530.44% | +499.79 pp |
| Q2 2019 · Jun 30 | 2019-06-30 | 487.46% | +464.32 pp |
| Q1 2019 · Mar 31 | 2019-03-31 | 491.13% | +457.75 pp |
| Q3 2019 · Sep 30 | 2018-09-30 | 465.30% | +430.60 pp |
| Q2 2019 · Jun 30 | 2018-06-30 | 30.66% | −2.22 pp |
| Q1 2019 · Mar 31 | 2018-03-31 | 23.13% | −8.65 pp |
| Q3 2017 | 2017-09-30 | 33.38% | +1.76 pp |
| Q2 2017 | 2017-06-30 | 34.70% | +4.69 pp |
| Q1 2017 | 2017-03-31 | 32.88% | −2.17 pp |
| Q4 2016 | 2016-12-31 | 31.78% | +0.37 pp |
| Q3 2016 | 2016-09-30 | 31.63% | −0.76 pp |
| Q2 2016 | 2016-06-30 | 30.01% | −3.18 pp |
| Q1 2016 | 2016-03-31 | 35.05% | −3.86 pp |
| Q4 2015 | 2015-12-31 | 31.41% | −1.65 pp |
| Q3 2015 | 2015-09-30 | 32.39% | −4.68 pp |
| Q2 2015 | 2015-06-30 | 33.19% | −5.83 pp |
| Q1 2015 | 2015-03-31 | 38.91% | +2.98 pp |
| Q4 2014 | 2014-12-31 | 33.07% | +1.97 pp |
| Q3 2014 | 2014-09-30 | 37.07% | −1.17 pp |
| Q2 2014 | 2014-06-30 | 39.02% | +0.35 pp |
| Q1 2014 | 2014-03-31 | 35.94% | −1.40 pp |
| Q4 2013 | 2013-12-31 | 31.10% | −5.24 pp |
| Q3 2013 | 2013-09-30 | 38.23% | −3.20 pp |
| Q2 2013 | 2013-06-30 | 38.67% | −0.09 pp |
| Q1 2013 | 2013-03-31 | 37.33% | −2.07 pp |
| Q4 2012 | 2012-12-31 | 36.34% | −1.59 pp |
| Q3 2012 | 2012-09-30 | 41.43% | +5.22 pp |
| Q2 2012 | 2012-06-30 | 38.77% | +0.96 pp |
| Q1 2012 | 2012-03-31 | 39.40% | +0.61 pp |
| Q4 2011 | 2011-12-31 | 37.93% | +0.78 pp |
| Q3 2011 | 2011-09-30 | 36.22% | −5.35 pp |
| Q2 2011 | 2011-06-30 | 37.81% | −2.35 pp |
| Q1 2011 | 2011-03-31 | 38.80% | −0.56 pp |
| Q4 2010 | 2010-12-31 | 37.15% | −2.24 pp |
| Q3 2010 | 2010-09-30 | 41.57% | +1.24 pp |
| Q2 2010 | 2010-06-30 | 40.16% | +0.84 pp |
| Q1 2010 | 2010-03-31 | 39.36% | +2.58 pp |
| Q4 2009 | 2009-12-31 | 39.39% | +1.67 pp |
| Q3 2009 | 2009-09-30 | 40.32% | +1.01 pp |
| Q2 2009 | 2009-06-30 | 39.32% | — |
| Q1 2009 | 2009-03-31 | 36.77% | — |
| Q3 2008 | 2008-09-30 | 37.72% | — |
| Q2 2008 | 2008-06-30 | 39.31% | — |
American Tower operating margin trends
Over the last five reported fiscal years, American Tower's operating margin decreased from 582.51% to 517.77%, a change of −64.74 percentage points. The latest reported quarter, Q1 2026, shows 573.44%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review American Tower filings at SEC.gov ↗