Filing Flows › American Tower (AMT) › Q3 2026 › vs Q3 2025
American Tower (AMT) Q3 2026 vs Q3 2025 (year over year)
American Tower's revenue rose $68.0M (+3%) from $2.7B in Q3 2025 to $2.8B in Q3 2026. The biggest changes: U.S. & Canada −$93.3M (-7%); Africa & APAC +$57.1M (+15%); Data Centers +$46.4M (+17%). Operating margin 45.6% against 45.4% (+0.2 pts).
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 draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 45.6% | 45.4% | +0.2 pts |
| Net margin | 27.5% | 31.4% | -3.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| U.S. & Canada | $1.3B | $1.4B | −$93.3M | -7% |
| Latin America | $460M | $416M | $43.5M | +10% |
| Africa & APAC | $428M | $371M | $57.1M | +15% |
| Data Centers | $313M | $267M | $46.4M | +17% |
| Europe | $258M | $244M | $14.3M | +6% |
| Revenue | $2.8B | $2.7B | $68.0M | +3% |
| Operating profit | $1.3B | $1.2B | $35.7M | +3% |
| Costs & expenses | $1.5B | $1.5B | $32.3M | +2% |
| Pre-tax earnings | $898M | $950M | −$51.6M | -5% |
| Other expense, net | $371M | $283M | $87.3M | +31% |
| SG&A | $228M | $233M | −$4.8M | -2% |
| Other operating costs | $1.3B | $1.3B | $37.1M | +3% |
| Net earnings | $766M | $853M | −$87.5M | -10% |
| Minority interests | $15.0M | $59.3M | −$44.3M | -75% |
| Income tax | $118M | $37.4M | $80.2M | +214% |
| Depreciation & amortization | $519M | $523M | −$3.5M | -0.7% |
| Share-based compensation | $31.5M | $41.9M | −$10.4M | -25% |
| Working capital & other | $76.1M | $41.9M | $34.2M | +82% |
| Operating cash flow | $1.4B | $1.5B | −$67.2M | -5% |
Questions
How much did American Tower's revenue grow year over year in Q3 2026?
American Tower's revenue rose $68.0M (+3%) from $2.7B in Q3 2025 to $2.8B in Q3 2026.
What drove American Tower's revenue change in Q3 2026?
U.S.