Millicom International Cellular (TIGO) Net Margin (2009 - 2026)
Millicom International Cellular's Net Margin was 5.00% in Q2 2026, down 44.45 percentage points from 49.45% a year earlier and down 0.49 percentage points from the prior quarter.
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Analysis
Millicom International Cellular (TIGO) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Millicom International Cellular's Net Margin was 9.19% through Jun 30, 2026, down 7.81 percentage points year-over-year; for FY2025, it came in at 20.35%, up 11.76 percentage points from FY2024.
- Net Margin shows a five-year change of +28.60 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 8.59% in FY2024 (+10.55 pp), -1.96% in FY2023 (-6.13 pp), 4.17% in FY2022 (-15.46 pp) and 19.63% in FY2021 (+27.87 pp).
- The Q2 2026 figure marks the lowest quarterly Net Margin since Q4 2024.
- Compared with a year earlier, Net Margin was higher in five of the last seven quarters, with an average year-over-year change of +4.09 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q2 2025 (a gain of 44.10 percentage points); the worst was Q2 2026 (a drop of 44.45 percentage points).
- Per Business Quant data, TIGO's Net Margin in the three quarters before Q2 2026 was 5.49% (Q1 2026), 15.25% (Q4 2025) and 13.73% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 190.87 Bn | 155.27 Bn | 27.03 Bn | 11.20% |
| 2 | T-Mobile US | 175.88 Bn | 160.63 Bn | 14.76 Bn | 14.21% |
| 3 | At&T | 166.65 Bn | 114.60 Bn | 25.82 Bn | 14.55% |
| 4 | Grupo Televisa, S.A.B | 142.49 Bn | 131.12 Bn | 318.12 Mn | -3.48% |
| 5 | Comcast | 76.29 Bn | 40.54 Bn | - | 11.78% |
| 6 | Chunghwa Telecom | 35.81 Bn | 31.66 Bn | 728.80 Mn | 18.36% |
| 7 | EchoStar | 27.35 Bn | 18.48 Bn | 1.65 Bn | 236.63% |
| 8 | AST SpaceMobile | 22.74 Bn | 23.25 Bn | 7.95 Mn | -732.58% |
| 9 | Telefonica Brasil | 18.42 Bn | 12.42 Bn | 1.42 Bn | 9.98% |
| 10 | Millicom International Cellular | 14.93 Bn | 7.24 Bn | - | 5.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.00% |
| Mar 31, 2026 | 5.49% |
| Dec 31, 2025 | 15.25% |
| Sep 30, 2025 | 13.73% |
| Jun 30, 2025 | 49.45% |
| Mar 31, 2025 | 14.11% |
| Dec 31, 2024 | 2.17% |
| Sep 30, 2024 | 3.56% |
| Jun 30, 2024 | 5.35% |
| Mar 31, 2024 | 6.19% |
| Dec 31, 2023 | -4.27% |
| Jun 30, 2023 | -1.58% |
| Mar 31, 2023 | 0.22% |
| Sep 30, 2022 | -2.31% |
| Jun 30, 2022 | 8.91% |
| Mar 31, 2022 | 1.63% |
| Sep 30, 2021 | 0.50% |
| Jun 30, 2021 | -9.99% |
| Mar 31, 2021 | 4.20% |
| Dec 31, 2020 | -2.07% |
API Access
Millicom International Cellular Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=TIGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "TIGO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=TIGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();