What is American Tower's services — capex?

American Tower (AMT) reported services — capex of $0 in Q2 2026.

What does services — capex mean?

Reflects the cash spent by the Services segment to acquire, upgrade, or maintain physical assets necessary for service delivery. This is a key indicator of the segment's reinvestment strategy and long-term growth commitment.

American Tower AMT Services — CapEx

Other segment segments

Data Centers

$115.3M+21.4%

U.S. & Canada

$80.2M+4.7%

Europe

$75.7M+24.5%

Latin America

$33.1M+1.8%

Africa & APAC

$21.9M-51.8%

Similar metrics at other companies

DXPEService Center — CapEx

$1.72M-15.5%

KGSContract Services — CapEx

$118.37M+52.6%

DXPESupply Chain Services — CapEx

$0—

AITService Center — CapEx

$4.27M-35.9%

CVCOFinancial services — CapEx

$65K+6,400%

KNFEnergy Services — CapEx

$2.2M+35.9%

Other financials

Income statement

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Revenue$2.7B+4.7%

Operating income$1.3B+5.9%

Net income$887.5M+133%

EPS (diluted)$1.86+138%

Balance sheet

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Cash & equivalents$1.8B-15.1%

Total debt$45.0B+348%

Total equity$3.7B+0.2%

Total assets$63.3B-0.7%

Cash flow

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Operating cash flow$1.5B+16.0%

CapEx$320.9M+5.4%

Free cash flow$1.2B+19.3%

Valuation

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Market cap$81.29B-16.7%

Enterprise value$124.52B+18.0%

P/E23.1×-50.3×

P/S7.4×-2.1×

Profitability

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Gross margin99.5%—

Operating margin44.8%-0.7pp

Net margin32.1%+19.2pp

FCF margin36.2%-0.3pp

Returns & leverage

See full

Return on equity94.6%+59.5pp

Debt / equity12.1×+9.4×

Current ratio0.4×-0.3×

Where this comes from

Reported directly by American Tower in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

The official record: American Tower’s 10-Q, filed July 28, 2026, on SEC EDGAR. View the filing →

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What is American Tower's services — capex?: American Tower (AMT) reported services — capex of $0 in Q2 2026.
What does services — capex mean?: Reflects the cash spent by the Services segment to acquire, upgrade, or maintain physical assets necessary for service delivery. This is a key indicator of the segment's reinvestment strategy and long-term growth commitment.