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Philip Morris International Inc.

PM
Cigarettes
Last filing · Quarter 2 · Jun 30, 2026
Financial Statements Ratios
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Statement
Period
Annual Quarterly
Order
Format
% Change
Rows
USD ($)
$ in Millions 		LTMDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016Dec 31, 2015Dec 31, 2014Dec 31, 2013Dec 31, 2012Dec 31, 2011Dec 31, 2010Dec 31, 2009
Revenues including excise taxes (includes $8,269 in 2022, $7,822 in 2021 and $7,572 in 2020 from related parties)
-
-
-
-
Cost of sales
13,821
13,366
13,329
12,893
Excise taxes on products
-
-
-
-
Net revenues (Notes 5 & 11)
42,545
40,648
37,878
35,174
Gross profit
28,724
27,282
24,549
22,281
Marketing, administration and research costs (Notes 3, 4, 11 & 18)
12,362
12,349
11,147
10,060
Impairment of goodwill (Note 4)
0
41
0
665
Asset impairment and exit costs
-
-
-
-
Gain on sale of business
-
-
-
-
Amortization of intangibles
-
-
-
-
Operating income
16,059
14,892
13,402
11,556
Interest expense, net (Note 13)
(928)
(966)
(1,143)
(1,061)
Pension and other employee benefit costs (Note 12)
13
46
60
45
Earnings before income taxes
15,118
13,880
12,199
10,450
Provision for income taxes (Note 10)
3,057
2,737
3,017
2,339
Impairment related to the RBH equity investment (Note 5)
-
0
2,316
-
Equity investments and securities (income)/loss, net
(120)
705
637
157
Net earnings
11,430
11,848
7,503
8,268
Net earnings attributable to noncontrolling interests
556
500
446
455
Net earnings attributable to PMI
$ 10,874
$ 11,348
$ 7,057
$ 7,813
Per share data (Note 9):
                  
Basic earnings per share (in dollars per share)
$ 6.96
$ 7.27
$ 4.53
$ 5.02
Diluted earnings per share (in dollars per share)
$ 6.95
$ 7.26
$ 4.52
$ 5.02