Millicom International Cellular (TIGO) Operating Expenses (2009 - 2026)
Millicom International Cellular (TIGO) posted Operating Expenses of -$650.0 million for Q1 2026, down 27.95% on a QoQ basis from -$508.0 million in Q4 2025, and down 54.39% year-over-year from -$1.4 billion in Q1 2025.
Millicom International Cellular (TIGO) Operating Expenses (2009 - 2026) Analysis & Trends
Millicom International Cellular's Operating Expenses history runs 14 years deep, the most recent figure standing at -$650.0 million for Q1 2026.
- Quarterly Operating Expenses fell 54.39% year-over-year to -$650.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$2.0 billion (up 15.16% YoY) and the FY2025 annual result came in at $493.0 million, down 0.6% from the prior year.
- Operating Expenses was -$650.0 million for Q1 2026 at Millicom International Cellular, down from -$508.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$412.0 million in Q3 2025 and bottomed at -$1.9 billion in Q4 2022.
- A 5-year average of -$655.9 million and a median of -$490.0 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2025 — Operating Expenses soared 46.24% — and 2026, when it tumbled 54.39%.
- Millicom International Cellular's Operating Expenses stood at -$1.9 billion in 2022, then advanced by 19.79% to -$1.5 billion in 2023, then soared by 37.66% to -$945.0 million in 2024, then surged by 46.24% to -$508.0 million in 2025, then dropped by 27.95% to -$650.0 million in 2026.
- Business Quant data shows TIGO's Operating Expenses at -$650.0 million in Q1 2026, -$508.0 million in Q4 2025, and -$412.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | America Movil Sab De Cv | 1,543.97 Bn | 1,543.97 Bn | 7.08 Bn | 8.32 Bn |
| 2 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 1,427.96 Bn | -8,564.04 Bn | - | - |
| 3 | Grupo Televisa, S.A.B | 958.85 Bn | 957.15 Bn | 317.18 Mn | -114.72 Mn |
| 4 | Chunghwa Telecom | 334.17 Bn | 331.99 Bn | 719.92 Mn | 305.28 Mn |
| 5 | Verizon Communications | 198.41 Bn | 190.05 Bn | 29.14 Bn | 26.20 Bn |
| 6 | T-Mobile US | 192.12 Bn | 189.29 Bn | 17.74 Bn | 17.30 Bn |
| 7 | At&T | 169.04 Bn | 151.47 Bn | 25.25 Bn | 24.52 Bn |
| 8 | Veon | 90.84 Bn | 90.84 Bn | - | -683.00 Mn |
| 9 | Tim | 50.18 Bn | 50.03 Bn | 677.20 Mn | -389.44 Mn |
| 10 | Millicom International Cellular | 15.93 Bn | 14.66 Bn | - | -650.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -650.00 Mn |
| Dec 31, 2025 | -508.00 Mn |
| Sep 30, 2025 | -412.00 Mn |
| Jun 30, 2025 | -416.00 Mn |
| Mar 31, 2025 | -421.00 Mn |
| Dec 31, 2024 | -945.00 Mn |
| Sep 30, 2024 | -504.00 Mn |
| Jun 30, 2024 | -471.00 Mn |
| Mar 31, 2024 | -473.00 Mn |
| Dec 31, 2023 | -1.52 Bn |
| Sep 30, 2023 | -528.00 Mn |
| Jun 30, 2023 | -498.00 Mn |
| Mar 31, 2023 | -490.00 Mn |
| Dec 31, 2022 | -1.89 Bn |
| Sep 30, 2022 | -479.00 Mn |
| Jun 30, 2022 | -475.00 Mn |
| Mar 31, 2022 | -474.00 Mn |
| Dec 31, 2021 | -1.55 Bn |
| Sep 30, 2021 | -367.00 Mn |
| Jun 30, 2021 | -373.00 Mn |