Millicom International Cellular SA annual operating margin
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Millicom International Cellular SA Operating Margin Growth & History (TIGO)
Millicom International Cellular SA's operating margin was 28.17% for fiscal 2025.
View full Millicom International Cellular SA company overviewMillicom International Cellular SA annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 28.17% | +5.04 pp |
| 2024 | 2024-12-31 | 23.12% | +8.53 pp |
| 2023 | 2023-12-31 | 14.59% | −1.68 pp |
| 2022 | 2022-12-31 | 16.27% | +1.74 pp |
| 2021 | 2021-12-31 | 14.53% | +3.96 pp |
| 2020 | 2020-12-31 | 10.57% | −2.70 pp |
| 2019 | 2019-12-31 | 13.26% | −2.96 pp |
| 2018 | 2018-12-31 | 16.22% | +0.16 pp |
| 2017 | 2017-12-31 | 16.06% | +3.94 pp |
| 2016 | 2016-12-31 | 12.12% | — |
Millicom International Cellular SA quarterly operating margin
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 20.74% | −4.20 pp |
| Q1 2026 | 2026-03-31 | 21.51% | — |
| Q4 2025 | 2025-12-31 | 24.52% | — |
| Q3 2025 | 2025-09-30 | 26.48% | — |
| Q2 2025 | 2025-06-30 | 24.95% | — |
Millicom International Cellular SA operating margin trends
Over the last five fiscal years, Millicom International Cellular SA's operating margin increased from 10.57% to 28.17%, a change of +17.60 percentage points. The latest reported quarter, Q2 2026, shows 20.74%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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