PM
Philip Morris International Inc.
Stock
$190.82−3.08 (−1.59%)Close Sep 30, 2026
Income statement
| Line | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.5B | $40.6B | $37.9B | $35.2B | $31.8B | $31.4B | $28.7B | $29.8B | $29.6B | $28.7B | $26.7B | $73.9B | $80.1B | $80.0B | $77.4B | $76.3B | $67.7B | $62.1B | $63.6B | $55.2B |
| Cost of revenue | $13.8B | $13.4B | $13.3B | $12.9B | $11.4B | $10.0B | $9.6B | $10.5B | $10.8B | $10.4B | $9.4B | $56.5B | $60.8B | $59.2B | $56.4B | $55.9B | $50.2B | $46.1B | $47.3B | $41.1B |
| Gross profit | $28.7B | $27.3B | $24.5B | $22.3B | $20.4B | $21.4B | $19.1B | $19.3B | $18.9B | $18.3B | $17.3B | $17.4B | $19.3B | $20.8B | $21.0B | $20.4B | $17.5B | $16.0B | $16.4B | $14.1B |
| R&D | — | $756M | $759M | $709M | $642M | $617M | $495M | $465M | $383M | $453M | $429M | $423M | $433M | $449M | $415M | $413M | $391M | $335M | $334M | — |
| Other operating expenses | — | $11.6B | $10.4B | $10.0B | $7.5B | $7.8B | $7.0B | $8.3B | $7.1B | $6.3B | $6.0B | $6.4B | $7.2B | $6.8B | $6.7B | $6.7B | $5.9B | $5.6B | $5.8B | — |
| Operating income | $16.1B | $14.9B | $13.4B | $11.6B | $12.2B | $13.0B | $11.7B | $10.5B | $11.4B | $11.6B | $10.9B | $10.6B | $11.7B | $13.5B | $13.9B | $13.3B | $11.2B | $10.0B | $10.2B | $8.9B |
| Non-operating income | −$941M | −$1.0B | −$1.2B | −$1.1B | −$612M | −$743M | −$715M | −$659M | −$706M | −$992M | −$979M | −$1.0B | −$1.1B | −$973M | −$859M | −$800M | −$876M | −$797M | −$311M | — |
| Pretax income | $15.1B | $13.9B | $12.2B | $10.5B | $11.6B | $12.2B | $11.0B | $9.9B | $10.7B | $10.6B | $9.9B | $9.6B | $10.7B | $12.5B | $13.0B | $12.5B | $10.3B | $9.2B | $9.9B | — |
| Taxes | $4.2B | $2.5B | $5.1B | $2.6B | $2.6B | $3.1B | $2.9B | $2.7B | $2.8B | $4.6B | $3.0B | $2.7B | $3.2B | $4.0B | $4.2B | $4.0B | $3.1B | $2.9B | $3.0B | — |
| Net income | $10.9B | $11.3B | $7.1B | $7.8B | $9.0B | $9.1B | $8.1B | $7.2B | $7.9B | $6.0B | $7.0B | $6.9B | $7.5B | $8.6B | $8.8B | $8.6B | $7.3B | $6.3B | $6.9B | $6.0B |
| Diluted EPS | $6.96 | $7.26 | $4.52 | $5.02 | $5.81 | $5.83 | $5.16 | $4.61 | $5.08 | $3.88 | $4.48 | $4.42 | $4.76 | $5.26 | $5.17 | $4.85 | $3.92 | $3.24 | $3.31 | $2.86 |
| Diluted shares | — | 1.56B | 1.56B | 1.55B | 1.55B | 1.56B | 1.56B | 1.56B | 1.56B | 1.55B | 1.55B | 1.55B | 1.57B | 1.62B | 1.69B | 1.76B | 1.84B | 1.95B | 2.08B | — |
| Revenue growth | — | +7.3% | +7.7% | +10.7% | +1.1% | +9.4% | −3.7% | +0.6% | +3.1% | +7.7% | −63.9% | −7.7% | +0.1% | +3.4% | +1.4% | +12.7% | +9.1% | −2.5% | +15.2% | — |
| Gross margin | 67.5% | 67.1% | 64.8% | 63.3% | 64.1% | 68.1% | 66.7% | 64.7% | 63.7% | 63.7% | 64.8% | 23.6% | 24.1% | 26.0% | 27.1% | 26.7% | 25.8% | 25.8% | 25.7% | 25.5% |
| Operating margin | 37.7% | 36.6% | 35.4% | 32.9% | 38.6% | 41.3% | 40.7% | 35.3% | 38.4% | 40.3% | 40.9% | 14.4% | 14.6% | 16.9% | 17.9% | 17.5% | 16.5% | 16.2% | 16.1% | 16.1% |
| Net margin | 25.6% | 27.9% | 18.6% | 22.2% | 28.5% | 29.0% | 28.1% | 24.1% | 26.7% | 21.0% | 26.1% | 9.3% | 9.4% | 10.7% | 11.4% | 11.3% | 10.7% | 10.2% | 10.8% | 10.9% |
Cost of revenue, other operating expenses, non-operating income and taxes are the differences between the lines reported around them.