Philip Morris International Inc. (PM)

PM Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	39,992	37,878	35,174	31,762	31,405	28,694
Revenue Growth (YoY)	7.45%	7.69%	10.74%	1.14%	9.45%	-3.73%
Cost of Revenue	13,229	13,329	12,839	11,103	10,030	9,569
Gross Profit	26,763	24,549	22,335	20,659	21,375	19,125
Selling, General & Admin	10,755	11,334	9,051	7,851	8,299	7,405
Operating Expenses	10,755	11,334	9,051	7,851	8,299	7,405
Operating Income	16,008	13,215	13,284	12,808	13,076	11,720
Interest Expense	-1,762	-1,763	-1,526	-768	-737	-728
Interest & Investment Income	620	620	465	180	109	110
Earnings From Equity Investments	711	637	157	137	149	16
Currency Exchange Gain (Loss)	-761	578	-548	-139	-	-
EBT Excluding Unusual Items	14,816	13,287	11,832	12,218	12,597	11,118
Merger & Restructuring Charges	-255	-180	-148	-184	-216	-149
Impairment of Goodwill	-41	-	-665	-	-	-
Gain (Loss) on Sale of Investments	-2,316	-2,316	-	-	-	-
Gain (Loss) on Sale of Assets	197	-1	-	-	-	-
Asset Writedown	-198	-225	-15	-112	-	-
Legal Settlements	-157	-45	-204	-	-	-
Other Unusual Items	-	-	-193	-151	-	-
Pretax Income	12,046	10,520	10,607	11,771	12,381	10,969
Income Tax Expense	2,934	3,017	2,339	2,244	2,671	2,377
Earnings From Continuing Operations	9,112	7,503	8,268	9,527	9,710	8,592
Minority Interest in Earnings	-484	-446	-455	-479	-601	-536
Net Income	8,628	7,057	7,813	9,048	9,109	8,056
Preferred Dividends & Other Adjustments	27	23	22	24	26	20
Net Income to Common	8,601	7,034	7,791	9,024	9,083	8,036
Net Income Growth	-12.25%	-9.68%	-13.65%	-0.67%	13.07%	12.12%
Shares Outstanding (Basic)	1,555	1,554	1,552	1,550	1,558	1,557
Shares Outstanding (Diluted)	1,558	1,556	1,553	1,552	1,559	1,558
Shares Change (YoY)	0.14%	0.19%	0.06%	-0.45%	0.06%	0.13%
EPS (Basic)	5.53	4.53	5.02	5.82	5.83	5.16
EPS (Diluted)	5.52	4.52	5.02	5.81	5.83	5.16
EPS Growth	-12.35%	-9.96%	-13.60%	-0.34%	12.98%	11.94%
Free Cash Flow	10,123	10,773	7,883	9,726	11,219	9,210
Free Cash Flow Per Share	6.50	6.92	5.08	6.27	7.20	5.91
Dividend Per Share	5.520	5.300	5.140	5.040	4.900	4.740
Dividend Growth	5.14%	3.11%	1.98%	2.86%	3.38%	2.60%
Gross Margin	66.92%	64.81%	63.50%	65.04%	68.06%	66.65%
Operating Margin	40.03%	34.89%	37.77%	40.33%	41.64%	40.84%
Profit Margin	21.51%	18.57%	22.15%	28.41%	28.92%	28.01%
Free Cash Flow Margin	25.31%	28.44%	22.41%	30.62%	35.72%	32.10%
EBITDA	17,960	15,002	14,682	13,885	14,074	12,701
EBITDA Margin	44.91%	39.61%	41.74%	43.72%	44.81%	44.26%
D&A For EBITDA	1,952	1,787	1,398	1,077	998	981
EBIT	16,008	13,215	13,284	12,808	13,076	11,720
EBIT Margin	40.03%	34.89%	37.77%	40.33%	41.64%	40.84%
Effective Tax Rate	24.36%	28.68%	22.05%	19.06%	21.57%	21.67%
Revenue as Reported	-	-	-	-	-	28,694
Advertising Expenses	-	1,069	965	777	807	637

Updated Oct 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q