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American Tower AMT Services — Total operating revenues

Other segment segments

Property
$2.69B+6.3%
U.S. & Canada
$1.34B-5.0%
Property, Latin America
$441.6M+13.4%
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$297.1M+13.4%
Property, Europe
$259.4M+11.5%

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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$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

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

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Questions, answered.

What is American Tower's services — total operating revenues?
American Tower (AMT) reported services — total operating revenues of $61.3M in Q2 2026.
How has American Tower's services — total operating revenues changed year-over-year?
American Tower's services — total operating 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 — total operating revenues?
Over 4 years (2021 to 2025), American Tower's services — total operating revenues has grown at a 8.3% compound annual growth rate (CAGR), from $247.3M to $339.6M.
What does services — total operating revenues mean?
This metric represents the total gross revenue generated by the Services segment, primarily derived from professional services, site development, and project management activities. It serves as a key indicator of the segment's market demand and its ability to monetize technical expertise beyond core infrastructure leasing. Growth in this metric reflects successful expansion of service-based offerings to mobile carriers and other clients.