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

Millicom International Cellular (TIGO) has reported Operating Margin for 14 consecutive years, with 21.2% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin fell 469.0% year-over-year to 21.2%; the trailing twelve-month figure through Jun 2026 stood at 24.56% (up 3.0% YoY), and the FY2025 full-year result was 25.34%, down 15976.0% from the prior year.
• Operating Margin climbed to 21.2% in Q2 2026 per TIGO's latest filing, from 20.96% in the prior quarter.
• Across five years, Operating Margin topped out at 30.77% in Q1 2025 and bottomed at 13.88% in Q1 2023.
• Historically, Operating Margin has averaged 20.25% across 5 years, with a median of 20.96% in 2026.
• The sharpest annual moves came in 2024 and 2026: Operating Margin soared 945 bps in 2024, then sank 982 bps in 2026.
• Over 5 years, Operating Margin stood at 15.98% in 2022, then declined by 11 bps to 14.26% in 2023, then surged by 59 bps to 22.72% in 2024, then rose by 25 bps to 28.34% in 2025, then slipped by 25 bps to 21.2% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 21.2%, 20.96%, and 28.34% for Q2 2026, Q1 2026, and Q4 2025 respectively.