Millicom International Cellular (TIGO) Operating Income (2009 - 2026)
Millicom International Cellular's Operating Income was $600 million in Q3 2026, up 54.6% from $388 million a year earlier and up 29.9% from the prior quarter.
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Analysis
Millicom International Cellular (TIGO) Operating Income (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Millicom International Cellular's Operating Income was $1.95 billion through Sep 30, 2026, up 26.8% year-over-year; for FY2025, it was $1.64 billion, up 22.1% from FY2024.
- Operating Income shows a five-year compound annual growth rate of 32.5% (FY2020 to FY2025).
- In earlier years, Operating Income was $1.34 billion in FY2024 (+62.5%), $826 million in FY2023 (-9.7%), $915 million in FY2022 (+47.8%) and $619 million in FY2021 (+54.0%).
- The Q3 2026 figure marks the highest quarterly Operating Income since Q4 2009.
- Compared with a year earlier, Operating Income was higher in seven of the last eight quarters, with growth averaging 29.4%.
- The best year-over-year quarter for Operating Income over five years was Q1 2022 (growth of 127.2%); the worst was Q2 2023 (a decline of 19.8%).
- Per Business Quant data, TIGO's Operating Income in the three quarters before Q3 2026 was $462 million (Q2 2026), $416 million (Q1 2026) and $469 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 192.19 Bn | 159.83 Bn | 27.05 Bn | 8.65 Bn |
| 2 | T-Mobile US | 180.63 Bn | 163.07 Bn | 15.13 Bn | 5.66 Bn |
| 3 | At&T | 149.48 Bn | 106.93 Bn | 26.22 Bn | 4.10 Bn |
| 4 | Grupo Televisa, S.A.B | 138.76 Bn | 131.89 Bn | 960.50 Mn | 39.48 Mn |
| 5 | Comcast | 89.06 Bn | 55.02 Bn | - | 5.32 Bn |
| 6 | Chunghwa Telecom | 38.69 Bn | 31.18 Bn | 728.80 Mn | 419.57 Mn |
| 7 | Vodafone Group Public | 37.39 Bn | 5.63 Bn | - | - |
| 8 | EchoStar | 29.07 Bn | 10.15 Bn | 647.20 Mn | 147.75 Mn |
| 9 | Bce | 19.98 Bn | 18.22 Bn | 11.61 Bn | 6.78 Bn |
| 10 | Millicom International Cellular | 13.41 Bn | 9.01 Bn | - | 600.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 600.00 Mn |
| Jun 30, 2026 | 462.00 Mn |
| Mar 31, 2026 | 416.00 Mn |
| Dec 31, 2025 | 469.00 Mn |
| Sep 30, 2025 | 388.00 Mn |
| Jun 30, 2025 | 354.00 Mn |
| Mar 31, 2025 | 421.00 Mn |
| Dec 31, 2024 | 373.00 Mn |
| Sep 30, 2024 | 300.00 Mn |
| Jun 30, 2024 | 345.00 Mn |
| Mar 31, 2024 | 324.00 Mn |
| Dec 31, 2023 | 228.00 Mn |
| Sep 30, 2023 | 209.00 Mn |
| Jun 30, 2023 | 198.00 Mn |
| Mar 31, 2023 | 190.00 Mn |
| Dec 31, 2022 | 238.00 Mn |
| Sep 30, 2022 | 196.00 Mn |
| Jun 30, 2022 | 247.00 Mn |
| Mar 31, 2022 | 234.00 Mn |
| Dec 31, 2021 | 203.00 Mn |
API Access
Millicom International Cellular Operating Income 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=operating-income&ticker=TIGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=TIGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();