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
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 -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