PM Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	40,648	37,878	35,174	31,762	31,405
Revenue Growth (YoY)	7.31%	7.69%	10.74%	1.14%	9.45%
Cost of Revenue	13,366	13,329	12,893	11,402	10,030
Gross Profit	27,282	24,549	22,281	20,360	21,375
Selling, General & Admin	12,349	11,147	10,060	8,114	8,400
Other Operating Expenses	41	-	665	-	-
Total Operating Expenses	12,390	11,147	10,725	8,114	8,400
Operating Income	14,892	13,402	11,556	12,246	12,975
Interest Income	705	637	157	137	149
Interest Expense	-966	-1,143	-1,061	-588	-628
Other Non-Operating Income (Expense)	-46	-2,376	-45	-24	-115
Total Non-Operating Income (Expense)	-307	-2,882	-949	-475	-594
Pretax Income	14,585	10,520	10,607	11,771	12,381
Provision for Income Taxes	2,737	3,017	2,339	2,244	2,671
Net Income	11,348	7,057	7,813	9,048	9,109
Minority Interest in Earnings	500	446	455	479	601
Net Income to Common	11,348	7,057	7,813	9,048	9,109
Net Income Growth	60.80%	-9.68%	-13.65%	-0.67%	13.07%
Shares Outstanding (Basic)	1,556	1,554	1,552	1,550	1,558
Shares Outstanding (Diluted)	1,558	1,556	1,553	1,552	1,559
Shares Change (YoY)	0.13%	0.19%	0.06%	-0.45%	0.06%
EPS (Basic)	7.27	4.53	5.02	5.82	5.83
EPS (Diluted)	7.26	4.52	5.02	5.81	5.83
EPS Growth	60.62%	-9.96%	-13.60%	-0.34%	12.98%
Shares Outstanding	1,557	1,555	1,552	1,550	1,550
Free Cash Flow	10,664	10,773	7,883	9,726	11,219
Free Cash Flow Growth	-1.01%	36.66%	-18.95%	-13.31%	21.81%
Free Cash Flow Per Share	6.84	6.92	5.08	6.27	7.20
Dividends Per Share	5.640	5.300	5.140	5.040	4.900
Dividend Growth	6.42%	3.11%	1.98%	2.86%	3.38%
Gross Margin	67.12%	64.81%	63.35%	64.10%	68.06%
Operating Margin	36.64%	35.38%	32.85%	38.56%	41.32%
Profit Margin	29.15%	19.81%	23.51%	29.99%	30.92%
FCF Margin	26.23%	28.44%	22.41%	30.62%	35.72%
EBITDA	16,888	15,189	12,954	13,323	13,973
EBITDA Margin	41.55%	40.10%	36.83%	41.95%	44.49%
EBIT	14,892	13,402	11,556	12,246	12,975
EBIT Margin	36.64%	35.38%	32.85%	38.56%	41.32%
Effective Tax Rate	18.77%	28.68%	22.05%	19.06%	21.57%

Updated Feb 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q