How has American Tower's software and technology licenses, net changed year-over-year?

American Tower's software and technology licenses, net increased by 31.4% year-over-year, from $691.8M to $909.1M.

What is the long-term trend for American Tower's software and technology licenses, net?

Over 5 years (2020 to 2025), American Tower's software and technology licenses, net has grown at a 17.0% compound annual growth rate (CAGR), from $400.1M to $876.9M.

American Tower AMT Software and Technology Licenses, Net

Software and Technology Licenses, Net at other companies

SBA CommunicationsSBAC

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Crown CastleCCI

——

Equinix, Inc.EQIX

——

MTZ

MasTecMTZ

——

EquipmentShare.com, Inc. EQPT

——

TDS

Telephone and Data SystemsTDS

——

Other financials

Income statement

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Revenue$2.7B+6.8%

Operating income$1.2B-1.2%

Net income$878.5M+76.2%

EPS (diluted)$1.84+76.9%

Balance sheet

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Cash & equivalents$1.6B-23.5%

Total debt$13.9B+34.7%

Total equity$3.5B-0.3%

Total assets$63.2B+1.9%

Cash flow

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Operating cash flow$1.4B+8.2%

CapEx$449.5M+35.8%

Free cash flow$951.1M-1.3%

Valuation

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Market cap$76.87B-25.4%

Enterprise value$89.21B-19.6%

P/E25.6×-52.0×

P/S7.1×-2.9×

Profitability

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Gross margin99.5%—

Operating margin44.7%-0.8pp

Net margin27.8%+9.6pp

FCF margin34.9%-2.3pp

Returns & leverage

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Return on equity85.3%+36.3pp

Debt / equity4×+1.0×

Current ratio0.3×-0.3×

Where this comes from

Reported directly by American Tower in its filing.

Tagged under the XBRL concept us-gaap:OtherAssetsNoncurrent.

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

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Questions, answered.

What is American Tower's software and technology licenses, net?: American Tower (AMT) reported software and technology licenses, net of $909.1M in Q1 2026.
How has American Tower's software and technology licenses, net changed year-over-year?: American Tower's software and technology licenses, net increased by 31.4% year-over-year, from $691.8M to $909.1M.
What is the long-term trend for American Tower's software and technology licenses, net?: Over 5 years (2020 to 2025), American Tower's software and technology licenses, net has grown at a 17.0% compound annual growth rate (CAGR), from $400.1M to $876.9M.