Income StatementBalance SheetCash FlowSegments
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American Tower Income Statement

Revenue, expenses, and profitability over time

American Tower generated $10.8B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $3.0B with a 27.81% net margin. Diluted EPS is $6.20, which grew 0.6% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$10.8BOperating Income (TTM)$4.8BNet Income (TTM)$3.0BEps Diluted (TTM)$6.20
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$85.7B
P/E Ratio28.47
ROE85.26%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Expense, Net—$55.8M———-$19.4M
Other operating income (expense), net—$55.8M———-$19.4M
Selling, general and administrative$243.1M$237.5M$233.7M$233.0M$236.5M$257.4M
Total operating expenses$1.5B$1.3B$1.4B$1.5B$1.6B$1.5B
Lease Costs$622.6M$599.6M$640.6M$657.0M$676.9M$664.8M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Income—$55.8M———-$19.4M
Other operating income (expense), net—$55.8M———-$19.4M
Operating income$1.1B$1.3B$1.2B$1.2B$1.2B$1.2B

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$1.2B$488.7M$366.8M$853.3M$820.7M$859.5M
Net Income Allocated to Common (Diluted)$1.2B$488.7M$366.8M$853.3M$820.7M$859.5M
Net earnings to common$1.2B$488.7M$366.8M$853.3M$820.7M$859.5M
Net Income Available to Common Stockholders (Diluted)$1.2B$488.7M$366.8M$853.3M$820.7M$859.5M
Net Income Available to Common Shareholders$1.2B$488.7M$366.8M$853.3M$820.7M$859.5M
Net income$1.2B$498.6M$380.5M$912.6M$836.8M$878.5M
Net income attributable to common stock$1.2B$488.7M$366.8M$853.3M$820.7M$859.5M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reclassifications Net of Tax$1.2B$488.7M$366.8M$853.3M$820.7M$859.5M
Interest Income, Other$32.1M$26.9M$30.6M$36.1M$40.4M$36.0M
Other income, net (Note 6)$514.7M-$338.2M-$373.9M$27.7M—$90.2M
Other income, net—$55.8M———-$19.4M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$2.63$1.05$0.78$1.82$1.76$1.84
Diluted earnings per share$2.62$1.04$0.78$1.82$1.76$1.84
Weighted-average shares, basic92K467.6M468.2M468.3M—466.2M
Weighted-average shares, diluted119K468.5M468.8M469M—466.8M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Charges$514.7M-$338.2M-$373.9M$27.7M—$90.2M
Interest expense$321.2M$325.3M$342.6M$347.1M$344.4M$347.3M
Other income (expense), net—-$636.6M-$685.9M-$283.3M-$195.8M-$221.1M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$1.3B$617.5M$511.8M$950.0M$964.9M$1.0B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$75.2M$118.9M$131.3M$37.4M$128.1M$139.6M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$2.5B$2.6B$2.6B$2.7B$2.7B$2.7B