Millicom International Cellular SA revenue

Millicom International Cellular SA's revenue was $5.82bn in fiscal 2025, up 0.3% on the year before. Since fiscal 2016 ($4.04bn) it has grown at a compound 4.1% a year.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Millicom International Cellular SA: revenue history, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	4,043	3,936	3,946	4,336	3,805	4,261	5,624	5,661	5,804	5,819
Growth on the year before	—	−2.6%	+0.3%	+9.9%	−12.2%	+12.0%	+32.0%	+0.7%	+2.5%	+0.3%
Gross profit	2,868	2,767	2,829	3,135	2,745	3,063	4,118	4,154	4,384	4,508
Gross margin	70.9%	70.3%	71.7%	72.3%	72.1%	71.9%	73.2%	73.4%	75.5%	77.5%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Integrated Telecommunication Services: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
Millicom International Cellular SA	$5.82bn	0.3%	—
TIM S.a.	$4.77bn	0.5%	—
Chunghwa Telecom Co LTD	$7.59bn	5.9%	—
Veon Ltd.	$4.40bn	9.9%	—
Telus Corp	$14.68bn	-1.4%	—
BCE Inc	$17.52bn	-1.7%	—

Compare with peers

Head to head: TIGO vs TIMB CHT vs TIGO TIGO vs VEON TIGO vs TU

More: Integrated Telecommunication Services stocks compared, Communication Services sector, rankings of US companies

Figures from Millicom International Cellular SA's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Millicom International Cellular SA.