American Tower (AMT) revenue breakdown
By segment, U.S. & Canada is the largest at 49% of fiscal 2025 revenue; Data Centers grew fastest, 136% a year over 6 years.
By product, Property is the largest at 97% of fiscal 2025 revenue, growing 5% a year over 7 years.
Revenue by segment
Fiscal years, as American Tower reports them in its 10-K filings; fiscal 2025 total $10.6B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S. & Canada | — | — | $3.8B | $4.2B | $4.5B | $4.9B | $5.0B | $5.2B | $5.2B | $5.2B | 49% |
| Latin America | — | — | $1.3B | $1.3B | $1.3B | $1.5B | $1.7B | $1.8B | $1.7B | $1.6B | 15% |
| Africa & APAC | — | — | $1.5B | $1.2B | $1.1B | $1.2B | $1.2B | $1.2B | $1.2B | $1.4B | 13% |
| Data Centers | — | — | — | $6M | — | $23M | $767M | $835M | $925M | $1.1B | 10% |
| Europe | — | — | $142M | $135M | $150M | $496M | $736M | $776M | $835M | $938M | 9% |
| Services | $73M | $98M | $125M | $115M | $88M | $247M | $241M | $143M | $194M | $340M | 3% |
| Property | $5.7B | $6.6B | — | — | — | — | — | — | — | — | — |
| Africa | — | — | $546M | $584M | $890M | $1.0B | — | — | — | — | — |
Revenue by product
Fiscal years, as American Tower reports them in its 10-K filings; fiscal 2025 total $10.6B.
| Products | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Property | $7.3B | $7.5B | $8.0B | $9.1B | $9.4B | $9.9B | $9.9B | $10.3B | 97% |
| Services | $125M | $115M | $88M | $247M | $241M | $143M | $194M | $340M | 3% |
Revenue by region
Fiscal years, as American Tower reports them in its 10-K filings; fiscal 2019 total $7.6B.
| Regions | 2016 | 2017 | 2018 | 2019 | Share |
|---|---|---|---|---|---|
| United States | $3.4B | $3.7B | $3.9B | $4.3B | 57% |
| Latin America | — | — | $1.3B | $1.3B | 18% |
| Asia | — | — | $1.5B | $1.2B | 16% |
| Africa | — | — | $546M | $584M | 8% |
| Europe | — | — | $142M | $135M | 2% |
| India | — | $1.2B | — | — | — |
| Brazil | — | $620M | — | — | — |
| Mexico | — | $364M | — | — | — |
| Nigeria | — | $214M | — | — | — |
| GHANA | — | $123M | — | — | — |
| South Africa | — | $106M | — | — | — |
| Colombia | — | $89M | — | — | — |
| Germany | — | $63M | — | — | — |
| Uganda | — | $60M | — | — | — |
| France | — | $60M | — | — | — |
| Chile | — | $40M | — | — | — |
| Costa Rica | — | $19M | — | — | — |
| Peru | — | $18M | — | — | — |
| Argentina | — | $16M | — | — | — |
| Paraguay | — | $3M | — | — | — |
| India | $828M | — | — | — | — |
| Brazil | $506M | — | — | — | — |
| Mexico | $331M | — | — | — | — |
| Nigeria | $215M | — | — | — | — |
| Ghana | $116M | — | — | — | — |
| South Africa | $80M | — | — | — | — |
| Colombia | $80M | — | — | — | — |
| Germany | $60M | — | — | — | — |
| Uganda | $58M | — | — | — | — |
| Chile | $34M | — | — | — | — |
| Costa Rica | $19M | — | — | — | — |
| Peru | $15M | — | — | — | — |
| Argentina | $1M | — | — | — | — |
Questions
Where does American Tower make its money?
In fiscal 2025, by segment: U.S. & Canada $5.2B, Latin America $1.6B, Africa & APAC $1.4B, Data Centers $1.1B, Europe $938M.
From American Tower's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.