Millicom International Cellular (TIGO) Operating Expenses (2009 - 2026)

Millicom International Cellular (TIGO) reported Operating Expenses of -$650.0 million for Q1 2026, down 54.39% on a YoY basis from -$1.4 billion in Q1 2025, and down 27.95% quarter-over-quarter from -$508.0 million in Q4 2025.

Millicom International Cellular (TIGO) Operating Expenses (2009 - 2026) Analysis & Trends

Millicom International Cellular has reported Operating Expenses for 14 years, with the latest figure at -$650.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 54.39% year-over-year to -$650.0 million; the trailing twelve-month figure through Mar 2026 stood at -$2.0 billion (down 6.66% YoY), and the FY2025 full-year result was $493.0 million, down 0.6% from the prior year.
  • Operating Expenses for Q1 2026 stood at -$650.0 million, down from -$508.0 million in the prior quarter.
  • The five-year high for Operating Expenses was -$412.0 million in Q3 2025, with the low at -$650.0 million in Q1 2026.
  • Historically, Operating Expenses has averaged -$485.5 million across 5 years, with a median of -$475.0 million in 2022.
  • Annual changes were most pronounced in 2025 — Operating Expenses grew 18.25% — and 2026, when it plunged 54.39%.
  • Millicom International Cellular's Operating Expenses stood at -$462.0 million in 2022, then decreased by 14.07% to -$527.0 million in 2023, then increased by 11.57% to -$466.0 million in 2024, then retreated by 9.01% to -$508.0 million in 2025, then decreased by 27.95% to -$650.0 million in 2026.
  • The last three Operating Expenses figures came in at -$650.0 million (Q1 2026), -$508.0 million (Q4 2025), and -$412.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Bce 382.57 Bn 381.58 Bn - -2.58 Bn
2 T-Mobile US 195.94 Bn 192.42 Bn 17.62 Bn 18.61 Bn
3 Verizon Communications 190.78 Bn 183.73 Bn 27.94 Bn 26.20 Bn
4 At&T 159.64 Bn 149.68 Bn 25.25 Bn 24.85 Bn
5 Telefonica Brasil 146.21 Bn 144.47 Bn 1.32 Bn -191.29 Mn
6 America Movil Sab De Cv 128.31 Bn 126.27 Bn 10.13 Bn 8.11 Bn
7 Chunghwa Telecom 109.39 Bn 107.21 Bn 719.92 Mn 305.28 Mn
8 Millicom International Cellular 106.22 Bn 104.67 Bn - -650.00 Mn
9 Veon 82.81 Bn 80.59 Bn - -533.00 Mn
10 EchoStar 33.61 Bn 33.48 Bn 3.13 Bn 3.27 Bn

Historic Data

Download Data
DateValue
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 -466.00 Mn
Sep 30, 2024 -504.00 Mn
Jun 30, 2024 -471.00 Mn
Mar 31, 2024 -473.00 Mn
Dec 31, 2023 -527.00 Mn
Sep 30, 2023 -528.00 Mn
Jun 30, 2023 -498.00 Mn
Mar 31, 2023 -490.00 Mn
Dec 31, 2022 -462.00 Mn
Sep 30, 2022 -479.00 Mn
Jun 30, 2022 -475.00 Mn
Mar 31, 2022 -474.00 Mn
Dec 31, 2021 -447.00 Mn
Sep 30, 2021 -367.00 Mn
Jun 30, 2021 -373.00 Mn