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American Tower AMT Services — Segment revenues

Other product segments

Property Revenue
$2.69B

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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$78.31B-19.9%
Enterprise value$121.55B+14.9%
P/E22.3×-51.4×
P/S7.2×-2.4×

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

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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:Revenues.

The source filing: American Tower’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001053507-26-000133
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
REVENUES:
Property$2,687.8$2,527.4$5,357.7$5,015.6
Services61.399.5128.9174.1
Total operating revenues2,749.12,626.95,486.65,189.7
OPERATING EXPENSES:
Costs of operations (exclusive of items shown separately below):
Property707.9640.61,372.71,240.2
Services33.448.171.983.0

ITEM 1. UNAUDITED CONSOLIDATED AND CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is American Tower's services — segment revenues?
American Tower (AMT) reported services — segment revenues of $61.3M in Q2 2026.
How has American Tower's services — segment revenues changed year-over-year?
American Tower's services — segment revenues decreased by 38.4% year-over-year, from $99.5M to $61.3M.
What is the long-term trend for American Tower's services — segment revenues?
Over 4 years (2021 to 2025), American Tower's services — segment revenues has grown at a 8.3% compound annual growth rate (CAGR), from $247.3M to $339.6M.
What does services — segment revenues mean?
The total gross income generated by the Services segment from its customers, excluding inter-segment eliminations. It measures the top-line demand for the company's service offerings.

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