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American Tower AMT Total costs & expenses

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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$79.77B-18.4%
Enterprise value$123B+16.3%
P/E22.7×-50.9×
P/S7.3×-2.2×

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:CostsAndExpenses.

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
Depreciation, amortization and accretion514.4510.31,032.61,002.8
Selling, general, administrative and development expense233.8233.7491.2471.2
Other operating (income) expense(9.2)(3.5)10.2(59.3)
Total operating expenses1,480.31,429.22,978.62,737.9
OPERATING INCOME1,268.81,197.72,508.02,451.8
OTHER INCOME (EXPENSE):
Interest income44.430.680.457.5
Interest expense(354.5)(342.6)(701.8)(667.9)

ITEM 1. UNAUDITED CONSOLIDATED AND CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is American Tower's total costs & expenses?
American Tower (AMT) reported total costs & expenses of $1.48B in Q2 2026.
How has American Tower's total costs & expenses changed year-over-year?
American Tower's total costs & expenses increased by 3.6% year-over-year, from $1.43B to $1.48B.
What is the long-term trend for American Tower's total costs & expenses?
Over 4 years (2021 to 2025), American Tower's total costs & expenses has grown at a -1.8% compound annual growth rate (CAGR), from $6.22B to $5.8B.
What does total costs & expenses mean?
The aggregate sum of all operating costs, including cost of revenue, selling, general, and administrative expenses, and depreciation. It serves as a comprehensive measure of the total resources consumed to generate the company's operating revenue. Analyzing this metric helps evaluate the company's overall cost structure and operational discipline.

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