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

Millicom International Cellular (TIGO) has reported Operating Margin for 14 consecutive years, with 20.96% the latest figure, recorded in Q1 2026.

• Operating Margin for Q1 2026 came in at 20.96%, down 982.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 25.38% (up 7.0% YoY), and the FY2025 annual result was 28.17%, up 504.0% from the prior year.
• Operating Margin was 20.96% for Q1 2026 at Millicom International Cellular, down from 28.39% in the prior quarter.
• Over five years, Operating Margin peaked at 30.77% in Q1 2025 and troughed at 13.88% in Q1 2023.
• Average Operating Margin over 5 years is 20.55%, with a median of 20.96% recorded in 2026.
• Year-over-year, Operating Margin surged 1066 bps in 2024 and slumped 982 bps in 2026.
• Over 5 years, Operating Margin stood at 17.23% in 2022, then dropped by 10 bps to 15.46% in 2023, then jumped by 69 bps to 26.12% in 2024, then rose by 9 bps to 28.39% in 2025, then declined by 26 bps to 20.96% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 20.96% in Q1 2026, 28.39% in Q4 2025, and 27.46% in Q3 2025.