Millicom International Cellular S.A. (TIGO) Financials
All currency values in $ millions unless otherwise noted
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| Income Statement | TTM | DEC 2025 | DEC 2024 | DEC 2023 | DEC 2022 | DEC 2021 |
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Revenue | $7,236 | $5,819 | $5,804 | $5,661 | $5,624 | $4,261 |
| Cost of Revenue | $1,698 | $1,312 | $1,420 | $1,507 | $1,506 | $1,197 |
| Gross Profit | $5,538 | $4,507 | $4,384 | $4,154 | $4,118 | $3,064 |
| Total Operating Expenses | $3,878 | $3,004 | $3,112 | $3,381 | $3,235 | $2,659 |
| Operating Income | $1,660 | $1,503 | $1,272 | $773 | $883 | $405 |
| Non-Operating | ||||||
| Net Interest Expense | -$764 | -$589 | -$571 | -$594 | -$558 | -$442 |
| Income Tax Expense | $312 | $303 | $281 | $424 | $222 | $158 |
| Net Income | ||||||
| Net Income | $646 | $1,362 | $268 | -$245 | $129 | $542 |
| Per Share Data | ||||||
| Revenue Per Share | $43.07 | $34.73 | $33.88 | $33.03 | $40.45 | $33.08 |
| EPS (Basic) | $3.98 | $7.86 | $1.47 | -$0.48 | $1.27 | $4.58 |
| EPS (Diluted) | $3.96 | $7.83 | $1.46 | -$0.48 | $1.27 | $4.58 |
| Shares Outstanding | 168.0M | 167.6M | 171.3M | 171.4M | 139.0M | 128.8M |
| Dividends Per Share | $4.25 | $4.25 | $2.50 | $0.00 | $0.00 | $0.00 |
Millicom International Cellular (TIGO) financials: revenue, profit and margins
Millicom International Cellular (TIGO) generated about $7.2 billion in revenue and $646 million in net income (a 8.9% net margin) over the trailing twelve months, growing at roughly 8.1% a year. Figures are from company filings; this is analysis, not investment advice.
Frequently asked
What is Millicom International Cellular's (TIGO) revenue?+
Millicom International Cellular generated about $7.2 billion in revenue over the trailing twelve months. Revenue has grown at roughly 8.1% a year over the past five years. Revenue is the top line, before any costs; what matters for value is how much of it survives to free cash flow. The full income statement, balance sheet and cash-flow statement are on this tab.
Is Millicom International Cellular profitable?+
Yes, Millicom International Cellular reported about $646 million in net income over the trailing twelve months, a net profit margin of roughly 8.9%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.
What are Millicom International Cellular's profit margins?+
Millicom International Cellular runs a gross margin of about 76.5%, an operating margin of about 22.9%, a net margin of about 8.9%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.
How fast is Millicom International Cellular growing?+
Millicom International Cellular's revenue has compounded at roughly 8.1% a year over the past five years. Growth only creates value when it is profitable and cash-generative, so read this rate alongside TIGO's margins and free cash flow. This is analysis from company filings, not investment advice.
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