SBA Communications

SBAC Real Estate Market cap $19.4B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 6, 2026

Revenue$0.72B +2% year over year

Gross profit$0.54B 75% margin

Operating profit$0.35B 49% margin

Net profit$0.20B 28% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	0.72	100%	+2%
Domestic site leasing	0.45	63%	−4%
International site leasing	0.21	30%	+31%
Development construction	0.05	7%	−24%
Cost of revenue	−0.18	25%
Gross profit	0.54	75% margin	+0pp
SG&A	−0.08	11%	+1pp
Other	−0.11	15%
Operating profit	0.35	49% margin	+1pp
Interest & other costs	−0.12
Tax	−0.04
Net profit	0.20	28% margin	−5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	0.70	100%	+6%
Domestic site leasing	0.45	64%	−2%
International site leasing	0.21	29%	+33%
Development construction	0.05	7%	−2%
Cost of revenue	−0.17	24%
Gross profit	0.53	76% margin	−1pp
SG&A	−0.07	10%	+0pp
Other	−0.12	17%	+0pp
Operating profit	0.34	49% margin	−2pp
Interest & other costs	−0.11
Tax	−0.05
Net profit	0.19	26% margin	−7pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.72	100%	+4%
Domestic site leasing	0.47	65%	−2%
International site leasing	0.20	28%	+16%
Development construction	0.05	7%	+13%
Cost of revenue	−0.18	24%
Gross profit	0.54	76% margin	−2pp
SG&A	−0.07	10%	+1pp
Other	−0.17	24%	+0pp
Operating profit	0.30	42% margin	−14pp
Other income, net	0.13
Tax	−0.06
Net profit	0.37	51% margin	+26pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.73	100%	+10%
Domestic site leasing	0.47	64%	+1%
International site leasing	0.19	26%	+16%
Development construction	0.08	10%	+81%
Cost of revenue	−0.19	26%
Gross profit	0.54	74% margin	−3pp
SG&A	−0.07	9%	+0pp
Other	−0.10	14%
Operating profit	0.37	51% margin	−5pp
Interest & other costs	−0.09
Tax	−0.05
Net profit	0.24	32% margin	−6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.70	100%	+6%
Domestic site leasing	0.47	67%	+1%
International site leasing	0.16	23%	−1%
Development construction	0.07	10%	+98%
Cost of revenue	−0.17	25%
Gross profit	0.53	75% margin	−3pp
SG&A	−0.07	10%	+1pp
Other	−0.12	17%	+0pp
Operating profit	0.34	48% margin	−6pp
Interest & other costs	−0.07
Tax	−0.04
Net profit	0.23	32% margin	+8pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.66	100%	+1%
Domestic site leasing	0.46	70%	+0%
International site leasing	0.16	23%	−7%
Development construction	0.05	7%	+62%
Cost of revenue	−0.15	23%
Gross profit	0.51	77% margin	−2pp
SG&A	−0.07	10%	+0pp
Other	−0.11	17%	+0pp
Operating profit	0.34	50% margin	+1pp
Interest & other costs	−0.07
Tax	−0.04
Net profit	0.22	33% margin	+10pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	0.67	100%	−2%
Domestic site leasing	0.47	70%	−1%
International site leasing	0.16	24%	−5%
Development construction	0.04	6%	−7%
Cost of revenue	−0.15	22%
Gross profit	0.52	77% margin	−1pp
SG&A	−0.06	9%	+0pp
Other	−0.08	12%	+0pp
Operating profit	0.38	56% margin	+20pp
Interest & other costs	−0.08
Tax	−0.04
Net profit	0.26	39% margin	+26pp

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 6, 2026 Operating margin 49% Net profit $0.20B	Apr 1 – Jun 30, 2026	Aug 6, 2026	$0.72B	+2%	49%	$0.20B	28%
Q1 FY26 Jan 1 – Mar 31, 2026 reported May 5, 2026 Operating margin 49% Net profit $0.19B	Jan 1 – Mar 31, 2026	May 5, 2026	$0.70B	+6%	49%	$0.19B	26%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 27, 2026 Operating margin 42% Net profit $0.37B	Oct 1 – Dec 31, 2025	Feb 27, 2026	$0.72B	+4%	42%	$0.37B	51%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 6, 2025 Operating margin 51% Net profit $0.24B	Jul 1 – Sep 30, 2025	Nov 6, 2025	$0.73B	+10%	51%	$0.24B	32%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 7, 2025 Operating margin 48% Net profit $0.23B	Apr 1 – Jun 30, 2025	Aug 7, 2025	$0.70B	+6%	48%	$0.23B	32%
Q1 FY25 Jan 1 – Mar 31, 2025 reported May 1, 2025 Operating margin 50% Net profit $0.22B	Jan 1 – Mar 31, 2025	May 1, 2025	$0.66B	+1%	50%	$0.22B	33%
Q3 FY24 Jul 1 – Sep 30, 2024 reported Nov 1, 2024 Operating margin 56% Net profit $0.26B	Jul 1 – Sep 30, 2024	Nov 1, 2024	$0.67B	−2%	56%	$0.26B	39%