Filing Flows › American Tower (AMT) › Operating margin
American Tower (AMT) operating margin by quarter
American Tower's operating margin was 45.6% in Q3 2026 (third quarter 2026), -0.6 pts from Q2 2026. Over the last 7 quarters it ranged from 42.4% (Q4 2025) to 48.9% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 45.6% | -0.6 pts | +0.2 pts |
| Q2 2026 | 46.2% | +0.9 pts | +0.6 pts |
| Q1 2026 | 45.3% | +2.9 pts | -3.7 pts |
| Q4 2025 | 42.4% | -3.0 pts | — |
| Q3 2025 | 45.4% | -0.2 pts | — |
| Q2 2025 | 45.6% | -3.3 pts | — |
| Q1 2025 | 48.9% | — | — |
Q3 2026 at a glance
American Tower, Q3 2026: revenue $2.8B (+2% year over year), operating margin 45.6%, net earnings $766M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
Questions
What is American Tower's operating margin?
American Tower's operating margin was 45.6% in Q3 2026 (third quarter 2026), -0.6 pts from Q2 2026.
How has American Tower's operating margin changed?
Over the last 7 quarters it ranged from 42.4% (Q4 2025) to 48.9% (Q1 2025).