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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 		Jun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025Mar 31, 2025Sep 30, 2024Jun 30, 2024Mar 31, 2024Sep 30, 2023Jun 30, 2023Mar 31, 2023Sep 30, 2022Jun 30, 2022Mar 31, 2022Sep 30, 2021Jun 30, 2021Mar 31, 2021Sep 30, 2020Jun 30, 2020Mar 31, 2020Sep 30, 2019Jun 30, 2019Mar 31, 2019Sep 30, 2018Jun 30, 2018Mar 31, 2018Sep 30, 2017Jun 30, 2017Mar 31, 2017Sep 30, 2016Jun 30, 2016Mar 31, 2016Sep 30, 2015Jun 30, 2015Mar 31, 2015Sep 30, 2014Jun 30, 2014Mar 31, 2014Sep 30, 2013Jun 30, 2013Mar 31, 2013Sep 30, 2012Jun 30, 2012Mar 31, 2012Sep 30, 2011Jun 30, 2011Mar 31, 2011Sep 30, 2010Mar 31, 2010Sep 30, 2009
Revenues including excise taxes (includes $1,845 in 2023 and $1,629 in 2022 from related parties)
-
-
-
-
-
-
-
-
-
-
$ 19,318
$ 20,888
Excise taxes on products
-
-
-
-
-
-
-
-
-
-
11,299
12,856
Net revenues (Note 13)
11,192
10,146
10,845
10,140
9,301
9,911
9,468
8,793
9,141
8,967
8,019
8,032
Cost of sales (Note 1)
3,533
3,241
3,487
3,279
3,040
3,366
3,345
3,195
3,165
3,228
3,038
2,935
Gross profit
7,659
6,905
7,358
6,861
6,261
6,545
6,123
5,598
5,976
5,739
4,981
5,097
Marketing, administration and research costs (Notes 1 & 15)
2,981
2,857
3,095
3,108
2,717
2,891
2,679
2,553
2,606
3,173
2,250
2,129
Impairment of goodwill (Note 5)
0
-
-
41
-
-
0
-
-
-
-
-
Corporate expenses and other (Note 1)
148
155
-
-
-
-
-
-
-
-
-
-
Asset impairment and exit costs (Note 2)
-
-
-
-
-
-
-
-
-
-
-
-
Amortization of intangibles
-
-
-
-
-
-
-
-
-
-
-
-
Operating income
4,530
3,893
4,263
3,712
3,544
3,654
3,444
3,045
3,370
2,566
2,731
2,968
Interest expense, net
(243)
(237)
(230)
(277)
(241)
(189)
(329)
(299)
(261)
(297)
(230)
(138)
Pension and other employee benefit (income) costs (Note 4)
(5)
(5)
14
11
12
15
14
15
8
6
22
7
Earnings before income taxes
4,292
3,661
4,019
3,424
3,291
3,450
3,101
2,731
3,101
2,263
2,479
2,823
Provision for income taxes
955
676
751
652
659
735
734
676
1,031
560
428
622
Impairment related to the RBH equity investment (Note 13)
511
-
-
-
-
-
-
-
-
-
-
-
Equity investments and securities (income)/loss, net (Note 13)
159
(403)
345
376
205
500
161
191
101
(21)
51
21
Net earnings
2,985
2,582
3,613
3,148
2,837
3,215
2,528
2,246
2,171
1,682
2,102
2,222
Net earnings attributable to noncontrolling interests
168
144
135
109
147
133
122
98
117
114
107
135
Net earnings attributable to PMI
$ 2,817
$ 2,438
$ 3,478
$ 3,039
$ 2,690
$ 3,082
$ 2,406
$ 2,148
$ 2,054
$ 1,568
$ 1,995
$ 2,087
Per share data (Note 7):
                                                  
Basic earnings per share (in dollars per share)
$ 1.8
$ 1.56
$ 2.23
$ 1.95
$ 1.72
$ 1.98
$ 1.54
$ 1.38
$ 1.32
$ 1.01
$ 1.28
$ 1.34
Diluted earnings per share (in dollars per share)
1.8
1.56
2.23
1.95
1.72
1.97
1.54
1.38
1.32
1.01
1.28
1.34
Dividends declared (in dollars per share)
-
-
-
-
-
-
-
-
-
-
-
-