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

Millicom International Cellular's Operating Margin history runs 14 years deep, the most recent figure standing at 20.96% for Q1 2026.

• Quarterly Operating Margin fell 982.0% year-over-year to 20.96% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 25.38% (up 129.0% YoY) and the FY2025 annual result came in at 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.
• Across five years, Operating Margin topped out at 30.77% in Q1 2025 and bottomed at 13.88% in Q1 2023.
• A 5-year average of 20.21% and a median of 20.96% in 2026 frame the typical range for Operating Margin.
• Annual changes were most pronounced in 2024 — Operating Margin surged 945 bps — and 2026, when it tumbled 982 bps.
• Millicom International Cellular's 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 grew by 25 bps to 28.39% in 2025, then dropped by 26 bps to 20.96% in 2026.
• Business Quant data shows TIGO's Operating Margin at 20.96% in Q1 2026, 28.39% in Q4 2025, and 27.46% in Q3 2025.