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How American Tower (AMT) makes money
American Tower (AMT) made $2.8B of revenue in the third quarter 2026 (Q3 2026), +3% from a year earlier. U.S. & Canada brought in $1.3B (48%); Latin America brought in $460M (17%); Africa & APAC brought in $428M (15%). Of every dollar of revenue, 46¢ was left as operating profit, 27¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| U.S. & Canada | $1.3B | 47.6% | -0.7% | -7% |
| Latin America | $460M | 16.5% | +4% | +10% |
| Africa & APAC | $428M | 15.4% | +3% | +15% |
| Data Centers | $313M | 11.2% | +5% | +17% |
| Europe | $258M | 9.3% | -0.6% | +6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.8B | 100.0% |
| Operating profit | $1.3B | 45.6% |
| Income tax | $118M | 4.2% |
| Net earnings | $766M | 27.5% |
| Operating cash flow | $1.4B | 50.0% |
| Free cash flow | $986M | 35.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.8B | +2% |
| Q2 2026 | $2.7B | +5% |
| Q1 2026 | $2.7B | +7% |
| Q4 2025 | $2.7B | +8% |
| Q3 2025 | $2.7B | +8% |
| Q2 2025 | $2.6B | +3% |
| Q1 2025 | $2.6B | +2% |
From American Tower's 10-Q filed Oct 27, 2026 (on EDGAR).
Questions
How does American Tower make money?
American Tower (AMT) made $2.8B of revenue in the third quarter 2026 (Q3 2026), +3% from a year earlier. U.S. & Canada brought in $1.3B (48%); Latin America brought in $460M (17%); Africa & APAC brought in $428M (15%). Of every dollar of revenue, 46¢ was left as operating profit, 27¢ was left as net earnings.
What is American Tower's biggest business?
U.S. & Canada: $1.3B in the third quarter 2026, 48% of revenue, -7% from a year earlier.
What is American Tower's profit margin?
Net earnings were $766M, 27.5% of revenue, in the third quarter 2026; the operating margin was 45.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.