Operating Income for American Tower (AMT)
According to American Tower's latest reported financial statements, the company's current operating income (TTM) is $4.79B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$4.79B
YoY change
+8.1%
5Y CAGR
+11.1%
Peak year (2025)
$4.88B
Cumulative operating income
$38.63B
Operating Income history chart for American Tower (AMT) from 1997 to 2025
Operating Income history table for American Tower (AMT) from 1997 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $4.88B | +8.1% | ||
| 2024 | $4.52B | +44.5% | ||
| 2023 | $3.13B | +14.1% | ||
| 2022 | $2.74B | -12.6% | ||
| 2021 | $3.13B | +8.5% | ||
| 2020 | $2.89B | +7.4% | ||
| 2019 | $2.69B | +41.1% | ||
| 2018 | $1.91B | -4.7% | ||
| 2017 | $2.00B | +7.8% | ||
| 2016 | $1.85B | +14.9% | ||
| 2015 | $1.61B | +8.5% | ||
| 2014 | $1.49B | +22.5% | ||
| 2013 | $1.21B | +8.4% | ||
| 2012 | $1.12B | +21.7% | ||
| 2011 | $920.13M | +17.3% | ||
| 2010 | $784.38M | +16.7% | ||
| 2009 | $672.26M | +10.8% | ||
| 2008 | $606.75M | +60.4% | ||
| 2007 | $378.36M | +32.1% | ||
| 2006 | $286.47M | +61.5% | ||
| 2005 | $177.43M | +154.4% | ||
| 2004 | $69.75M | +121.5% | ||
| 2003 | $31.49M | -132.9% | ||
| 2002 | -$95.64M | -49.5% | ||
| 2001 | -$189.33M | +86.3% | ||
| 2000 | -$101.63M | +147.5% | ||
| 1999 | -$41.06M | +45.9% | ||
| 1998 | -$28.14M | -3117.2% | ||
| 1997 | $932,709 | — |
Operating Income values are taken from American Tower's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for American Tower (AMT) came in at $4.88B – grew 8.1% year-over-year.
American Tower operating income compound annual growth for the 2020–2025 (5 years) window is +11.1%, sustaining 3 straight years of year-over-year growth.
The highest annual operating income of $4.88B was reported in 2025. The lowest in the available history was -$189.33M in 2001.
American Tower (AMT) sits 1st of 8 Real Estate peers we track on this metric, against a peer median of $1.74B.
American Tower Operating Income by Year
American Tower Operating Income 2025: $4.88B
American Tower operating income in 2025 was $4.88B, grew 8.1% from 2024. This figure represents the highest annual value in the available history.
American Tower Operating Income 2024: $4.52B
American Tower operating income in 2024 was $4.52B, surged 44.5% from 2023.
American Tower Operating Income 2023: $3.13B
American Tower operating income in 2023 was $3.13B, grew 14.1% from 2022.
American Tower Operating Income 2022: $2.74B
American Tower operating income in 2022 was $2.74B, declined 12.6% below 2021.
American Tower Operating Income 2021: $3.13B
American Tower operating income in 2021 was $3.13B.
See more financial history for American Tower (AMT).
Sector peers — Operating Income
Companies in the same sector as American Tower, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Prologis, Inc. (PLD) | $3.54B | Real Estate |
| Simon Property Group, Inc. (SPG) | $3.18B | Real Estate |
| Public Storage (PSA) | $2.25B | Real Estate |
| Equinix, Inc. (EQIX) | $1.85B | Real Estate |
| Realty Income Corporation (O) | $1.63B | Real Estate |
| CBRE Group, Inc. (CBRE) | $1.29B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $658.49M | Real Estate |
| Welltower Inc. (WELL) | $355.17M | Real Estate |
Frequently asked questions
What is American Tower's operating income?
- Latest reported operating income for American Tower (AMT) is $4.79B (period ending March 31, 2026).
How has American Tower operating income changed year-over-year?
- American Tower (AMT) operating income changed +8.1% year-over-year on the latest annual filing.
What is the long-term growth rate of American Tower operating income?
- American Tower (AMT) operating income compound annual growth rate is +11.1% over the most recent 5 years available.
When did American Tower operating income hit its highest annual value?
- American Tower operating income reached its highest annual value of $4.88B in 2025.
What was American Tower operating income in 2024?
- American Tower (AMT) operating income in 2024 was $4.52B.
What was American Tower operating income in 2025?
- American Tower (AMT) operating income in 2025 was $4.88B.
Metrics overview
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