Philip Morris International Inc. (PM)
NYSE: PM · Real-Time Price · USD
197.88
-3.62 (-1.80%)
At close: Nov 6, 2026, 4:00 PM EST
198.83
+0.95 (0.48%)
After-hours: Nov 6, 2026, 7:58 PM EST
PM Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
| 11,438 | 11,192 | 10,146 | 10,362 | 10,845 | 10,140 | 9,301 | 9,706 | 9,911 | 9,468 | 8,793 | 9,047 | 9,141 | 8,967 | 8,019 | 8,152 | 8,032 | 7,832 | 7,746 | 8,104 | |
Revenue Growth (YoY) | 5.47% | 10.38% | 9.09% | 6.76% | 9.42% | 7.10% | 5.78% | 7.28% | 8.42% | 5.59% | 9.65% | 10.98% | 13.81% | 14.49% | 3.52% | 0.59% | -1.11% | 3.13% | 2.12% | 8.87% |
Cost of Revenue | 3,584 | 3,533 | 3,241 | 3,560 | 3,484 | 3,274 | 3,031 | 3,423 | 3,366 | 3,345 | 3,195 | 3,426 | 3,165 | 3,228 | 3,020 | 3,083 | 2,935 | 2,628 | 2,582 | 2,807 |
Gross Profit | 7,854 | 7,659 | 6,905 | 6,802 | 7,361 | 6,866 | 6,270 | 6,283 | 6,545 | 6,123 | 5,598 | 5,621 | 5,976 | 5,739 | 4,999 | 5,069 | 5,097 | 5,204 | 5,164 | 5,297 |
Selling, General & Admin | 3,057 | 3,182 | 3,241 | 3,389 | 2,955 | 1,787 | 2,447 | 3,588 | 2,241 | 2,586 | 2,897 | 1,932 | 2,694 | 2,188 | 2,153 | 2,417 | 1,664 | 2,075 | 1,828 | 2,337 |
Amortization of Goodwill & Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | 60 | - | - | - | - | - | - |
Other Operating Expenses | - | - | 7 | - | - | - | 8 | - | - | 10 | 12 | - | - | 218 | 10 | -15 | 7 | 5 | - | - |
Operating Expenses | 3,057 | 3,182 | 3,248 | 3,389 | 2,955 | 1,787 | 2,455 | 3,588 | 2,241 | 2,596 | 2,909 | 1,932 | 2,694 | 2,466 | 2,163 | 2,402 | 1,671 | 2,080 | 1,828 | 2,337 |
Operating Income | 4,797 | 4,477 | 3,657 | 3,413 | 4,406 | 5,079 | 3,815 | 2,695 | 4,304 | 3,527 | 2,689 | 3,689 | 3,282 | 3,273 | 2,836 | 2,667 | 3,426 | 3,124 | 3,336 | 2,960 |
Interest Expense | -350 | -398 | -391 | -343 | -403 | -437 | -404 | -518 | -376 | -457 | -412 | -339 | -387 | -420 | -380 | -183 | -197 | -194 | -187 | -104 |
Interest & Investment Income | - | - | - | 621 | - | - | - | 620 | - | - | - | 465 | - | - | - | 180 | - | - | - | 109 |
Earnings From Equity Investments | -86 | 159 | -403 | -221 | 345 | 376 | 205 | -215 | 500 | 161 | 191 | 26 | 101 | -21 | 51 | 157 | 21 | 15 | -56 | 54 |
Currency Exchange Gain (Loss) | 151 | 219 | 419 | -663 | 173 | -934 | -120 | 133 | -235 | 31 | 649 | -1,153 | 365 | 90 | 150 | 10 | -173 | 127 | 33 | -151 |
EBT Excluding Unusual Items | 4,512 | 4,457 | 3,282 | 2,807 | 4,521 | 4,084 | 3,496 | 2,715 | 4,193 | 3,262 | 3,117 | 2,688 | 3,361 | 2,922 | 2,657 | 2,831 | 3,077 | 3,072 | 3,126 | 2,868 |
Merger & Restructuring Charges | -4 | -6 | -24 | 2 | - | -243 | - | -12 | - | - | -168 | -21 | - | - | -127 | 207 | -227 | -52 | - | -46 |
Impairment of Goodwill | - | - | - | - | - | -41 | - | - | - | - | - | - | - | -665 | - | - | - | - | - | - |
Gain (Loss) on Sale of Investments | - | -511 | - | - | - | - | - | -2,316 | - | - | - | - | - | - | - | - | - | - | - | - |
Gain (Loss) on Sale of Assets | - | - | - | - | - | - | - | 197 | -198 | - | - | - | - | - | - | - | - | - | - | - |
Asset Writedown | - | - | - | -41 | - | - | - | -198 | - | - | -27 | - | - | -15 | - | -112 | - | - | - | - |
Legal Settlements | - | - | - | 157 | -157 | - | - | - | -45 | - | - | - | - | - | - | - | - | - | - | - |
Other Unusual Items | - | - | - | - | - | - | - | - | - | - | - | -34 | -159 | - | - | -23 | -6 | -80 | -42 | - |
Pretax Income | 4,508 | 3,940 | 3,258 | 2,925 | 4,364 | 3,800 | 3,496 | 386 | 3,950 | 3,262 | 2,922 | 2,633 | 3,202 | 2,242 | 2,530 | 2,903 | 2,844 | 2,940 | 3,084 | 2,822 |
Income Tax Expense | 986 | 955 | 676 | 675 | 751 | 652 | 659 | 872 | 735 | 734 | 676 | 320 | 1,031 | 560 | 428 | 409 | 622 | 594 | 619 | 593 |
Earnings From Continuing Operations | 3,522 | 2,985 | 2,582 | 2,250 | 3,613 | 3,148 | 2,837 | -486 | 3,215 | 2,528 | 2,246 | 2,313 | 2,171 | 1,682 | 2,102 | 2,494 | 2,222 | 2,346 | 2,465 | 2,229 |
Minority Interest in Earnings | -209 | -168 | -144 | -109 | -135 | -109 | -147 | -93 | -133 | -122 | -98 | -117 | -117 | -114 | -107 | -97 | -135 | -113 | -134 | -136 |
Net Income | 3,313 | 2,817 | 2,438 | 2,141 | 3,478 | 3,039 | 2,690 | -579 | 3,082 | 2,406 | 2,148 | 2,196 | 2,054 | 1,568 | 1,995 | 2,397 | 2,087 | 2,233 | 2,331 | 2,093 |
Preferred Dividends & Other Adjustments | 8 | 7 | 7 | 6 | 10 | 8 | 8 | 1 | 9 | 7 | 6 | 5 | 6 | 5 | 6 | 6 | 5 | 7 | 7 | 5 |
Net Income to Common | 3,305 | 2,810 | 2,431 | 2,135 | 3,468 | 3,031 | 2,682 | -580 | 3,073 | 2,399 | 2,142 | 2,191 | 2,048 | 1,563 | 1,989 | 2,391 | 2,082 | 2,226 | 2,324 | 2,088 |
Net Income Growth (YoY) | -4.70% | -7.29% | -9.36% | - | 12.85% | 26.34% | 25.21% | - | 50.05% | 53.49% | 7.69% | -8.37% | -1.63% | -29.78% | -14.41% | 14.51% | -13.93% | 2.77% | -3.61% | 5.94% |
Shares Outstanding (Basic) | 1,559 | 1,559 | 1,558 | 1,557 | 1,557 | 1,557 | 1,556 | 1,555 | 1,555 | 1,555 | 1,553 | 1,552 | 1,552 | 1,552 | 1,552 | 1,550 | 1,550 | 1,551 | 1,550 | 1,556 |
Shares Outstanding (Diluted) | 1,560 | 1,560 | 1,559 | 1,558 | 1,558 | 1,558 | 1,557 | 1,557 | 1,556 | 1,556 | 1,555 | 1,554 | 1,554 | 1,553 | 1,553 | 1,552 | 1,552 | 1,552 | 1,552 | 1,557 |
Shares Change (YoY) | 0.13% | 0.13% | 0.13% | 0.06% | 0.13% | 0.13% | 0.13% | 0.19% | 0.13% | 0.19% | 0.13% | 0.13% | 0.13% | 0.06% | 0.06% | -0.32% | -0.51% | -0.51% | -0.51% | -0.06% |
EPS (Basic) | 2.12 | 1.80 | 1.56 | 1.37 | 2.23 | 1.95 | 1.72 | -0.37 | 1.98 | 1.54 | 1.38 | 1.41 | 1.32 | 1.01 | 1.28 | 1.54 | 1.34 | 1.44 | 1.50 | 1.34 |
EPS (Diluted) | 2.12 | 1.80 | 1.56 | 1.37 | 2.23 | 1.95 | 1.72 | -0.37 | 1.97 | 1.54 | 1.38 | 1.41 | 1.32 | 1.01 | 1.28 | 1.54 | 1.34 | 1.43 | 1.50 | 1.34 |
EPS Growth (YoY) | -4.82% | -7.54% | -9.30% | - | 13.06% | 26.41% | 24.70% | - | 49.29% | 52.92% | 7.75% | -8.50% | -1.52% | -29.57% | -14.63% | 14.76% | -13.55% | 2.88% | -3.11% | 6.29% |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 4,970 | 5,112 | -752 | 4,265 | 4,097 | 3,056 | -754 | 3,724 | 2,963 | 4,262 | -176 | 2,991 | 3,044 | 3,082 | -1,234 | 2,746 | 2,816 | 3,275 | 889 | 3,743 |
Free Cash Flow Per Share | 3.19 | 3.28 | -0.48 | 2.74 | 2.63 | 1.96 | -0.48 | 2.39 | 1.90 | 2.74 | -0.11 | 1.93 | 1.96 | 1.99 | -0.80 | 1.77 | 1.81 | 2.11 | 0.57 | 2.40 |
Dividend Per Share | 1.600 | 1.470 | 1.470 | 1.470 | 1.470 | 1.350 | 1.350 | 1.350 | 1.350 | 1.300 | 1.300 | 1.300 | 1.300 | 1.270 | 1.270 | 1.270 | 1.270 | 1.250 | 1.250 | 1.250 |
Dividend Growth (YoY) | 8.84% | 8.89% | 8.89% | 8.89% | 8.89% | 3.85% | 3.85% | 3.85% | 3.85% | 2.36% | 2.36% | 2.36% | 2.36% | 1.60% | 1.60% | 1.60% | 1.60% | 4.17% | 4.17% | 4.17% |
Gross Margin | 68.67% | 68.43% | 68.06% | 65.64% | 67.88% | 67.71% | 67.41% | 64.73% | 66.04% | 64.67% | 63.66% | 62.13% | 65.38% | 64.00% | 62.34% | 62.18% | 63.46% | 66.44% | 66.67% | 65.36% |
Operating Margin | 41.94% | 40.00% | 36.04% | 32.94% | 40.63% | 50.09% | 41.02% | 27.77% | 43.43% | 37.25% | 30.58% | 40.78% | 35.90% | 36.50% | 35.37% | 32.72% | 42.65% | 39.89% | 43.07% | 36.52% |
Profit Margin | 28.89% | 25.11% | 23.96% | 20.60% | 31.98% | 29.89% | 28.84% | -5.98% | 31.01% | 25.34% | 24.36% | 24.22% | 22.41% | 17.43% | 24.80% | 29.33% | 25.92% | 28.42% | 30.00% | 25.77% |
Free Cash Flow Margin | 43.45% | 45.67% | -7.41% | 41.16% | 37.78% | 30.14% | -8.11% | 38.37% | 29.90% | 45.02% | -2.00% | 33.06% | 33.30% | 34.37% | -15.39% | 33.68% | 35.06% | 41.82% | 11.48% | 46.19% |
EBITDA | 5,308 | 4,990 | 4,167 | 3,934 | 4,911 | 5,569 | 4,295 | 3,172 | 4,802 | 3,972 | 3,056 | 4,058 | 3,711 | 3,574 | 3,135 | 2,846 | 3,784 | 3,411 | 3,589 | 3,239 |
EBITDA Margin | 46.41% | 44.59% | 41.07% | 37.97% | 45.28% | 54.92% | 46.18% | 32.68% | 48.45% | 41.95% | 34.76% | 44.86% | 40.60% | 39.86% | 39.09% | 34.91% | 47.11% | 43.55% | 46.33% | 39.97% |
D&A For EBITDA | 511 | 513 | 510 | 521 | 505 | 490 | 480 | 477 | 498 | 445 | 367 | 369 | 429 | 301 | 299 | 179 | 358 | 287 | 253 | 279 |
EBIT | 4,797 | 4,477 | 3,657 | 3,413 | 4,406 | 5,079 | 3,815 | 2,695 | 4,304 | 3,527 | 2,689 | 3,689 | 3,282 | 3,273 | 2,836 | 2,667 | 3,426 | 3,124 | 3,336 | 2,960 |
EBIT Margin | 41.94% | 40.00% | 36.04% | 32.94% | 40.63% | 50.09% | 41.02% | 27.77% | 43.43% | 37.25% | 30.58% | 40.78% | 35.90% | 36.50% | 35.37% | 32.72% | 42.65% | 39.89% | 43.07% | 36.52% |
Effective Tax Rate | 21.87% | 24.24% | 20.75% | 23.08% | 17.21% | 17.16% | 18.85% | 225.91% | 18.61% | 22.50% | 23.14% | 12.15% | 32.20% | 24.98% | 16.92% | 14.09% | 21.87% | 20.20% | 20.07% | 21.01% |
Revenue as Reported | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,746 | 8,104 |