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American Tower AMT U.S. & Canada — Segment operating expenses

Other segment segments

Africa & APAC
$146.8M+40.5%
Latin America
$130.8M+5.1%
Data Centers
$113.8M+10.6%
Europe
$96.1M+11.0%
Services
$33.4M-30.6%

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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:CostOfRevenue.

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 U.S. & canada — segment operating expenses?
American Tower (AMT) reported U.S. & canada — segment operating expenses of $220.4M in Q2 2026.
How has American Tower's U.S. & canada — segment operating expenses changed year-over-year?
American Tower's U.S. & canada — segment operating expenses decreased by 0.8% year-over-year, from $222.2M to $220.4M.
What is the long-term trend for American Tower's U.S. & canada — segment operating expenses?
Over 4 years (2021 to 2025), American Tower's U.S. & canada — segment operating expenses has grown at a 0.5% compound annual growth rate (CAGR), from $852.6M to $870M.
What does U.S. & canada — segment operating expenses mean?
This includes all direct costs associated with operating and maintaining tower sites and data centers within the U.S. and Canada. It encompasses site maintenance, utilities, property taxes, and ground lease payments.