Millicom International Cellular (TIGO) Operating Expenses (2009 - 2026)
Millicom International Cellular's (TIGO) quarterly Operating Expenses came in at -$650.0 million in Q1 2026, down 54.39% YoY from -$1.4 billion in Q1 2025, and down 27.95% on a QoQ basis from -$508.0 million in Q4 2025.
Millicom International Cellular (TIGO) Operating Expenses (2009 - 2026) Analysis & Trends
Millicom International Cellular (TIGO) has 14 years of Operating Expenses data on file, last reported at -$650.0 million in 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 slipped to -$650.0 million in Q1 2026, from -$508.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$412.0 million in Q3 2025 to a low of -$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 plunged 54.39%.
- Tracing TIGO's Operating Expenses over 5 years: stood at -$1.9 billion in 2022, then rose by 19.79% to -$1.5 billion in 2023, then jumped by 37.66% to -$945.0 million in 2024, then soared by 46.24% 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 205.36 Bn | 203.61 Bn | 27.03 Bn | 27.07 Bn |
| 2 | T-Mobile US | 196.43 Bn | 193.61 Bn | 17.74 Bn | 17.30 Bn |
| 3 | Grupo Televisa, S.A.B | 190.22 Bn | 188.51 Bn | 318.12 Mn | -11.74 Mn |
| 4 | At&T | 174.94 Bn | 157.37 Bn | 25.25 Bn | 24.52 Bn |
| 5 | Chunghwa Telecom | 33.60 Bn | 31.03 Bn | 728.80 Mn | 309.31 Mn |
| 6 | EchoStar | 25.24 Bn | 23.74 Bn | 1.65 Bn | 3.06 Bn |
| 7 | Bce | 22.16 Bn | 22.16 Bn | - | 2.51 Bn |
| 8 | Rogers Communications | 19.61 Bn | 18.36 Bn | 1.77 Bn | 152.54 Mn |
| 9 | Telefonica Brasil | 18.11 Bn | 18.11 Bn | 1.32 Bn | -191.29 Mn |
| 10 | Millicom International Cellular | 15.14 Bn | 14.15 Bn | - | -631.00 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 |