Philip Morris International Inc. (PM) Financial Statements
Industry: Cigarettes
In fiscal 2025, Philip Morris International reported revenue of $40.65B, up 7.3% from $37.88B the year before. Net income was $11.35B (a 27.9% net margin), or $7.26 per diluted share. Gross margin was 67.1% and operating margin was 36.6%. Operating activities generated $12.23B of cash, leaving $10.66B of free cash flow. At fiscal year end, Philip Morris International held $69.19B in total assets against $77.21B in total liabilities, including $4.87B of cash and equivalents.
Open the full interactive Philip Morris International financials → Quarterly statements, key ratios, valuation history and price charts.
Philip Morris International Key Stats
| Share Price | $199.29 |
|---|---|
| Market Cap | $310.89B |
| P/E Ratio | 27.5 |
| Dividend Yield | 2.90% |
| Revenue YoY Growth | +7.3% |
| 52-Week Range | $139.40 – $202.00 |
| Shares Outstanding | 1.56 billion (basic, 2026 Q2) |
Philip Morris International Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $76.05B | $82.22B | $80.67B | $35.17B | $37.88B | $40.65B |
| Cost of Goods Sold | $9.57B | $10.03B | $11.40B | $12.89B | $13.33B | $13.37B |
| Gross Profit | $19.12B | $21.38B | $20.36B | $22.28B | $24.55B | $27.28B |
| Operating Income | $11.67B | $12.97B | $12.25B | $11.56B | $13.40B | $14.89B |
| Pre-Tax Income | $10.95B | $12.23B | $11.63B | $10.45B | $12.20B | $13.88B |
| Income Tax | $2.38B | $2.67B | $2.24B | $2.34B | $3.02B | $2.74B |
| Net Income | $8.06B | $9.11B | $9.05B | $7.81B | $7.06B | $11.35B |
| Diluted EPS | $5.16 | $5.83 | $5.81 | $5.02 | $4.52 | $7.26 |
Philip Morris International Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $10.85B | $10.36B | $10.15B | $11.19B |
| Net Income | $3.48B | $2.14B | $2.44B | $2.82B |
| Diluted EPS | $2.23 | $1.37 | $1.56 | $1.80 |
Philip Morris International Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.28B | $4.50B | $3.21B | $3.06B | $4.22B | $4.87B |
| Current Assets | $21.49B | $17.72B | $19.62B | $19.75B | $20.17B | $24.36B |
| Total Assets | $44.81B | $41.29B | $61.68B | $65.30B | $61.78B | $69.19B |
| Current Liabilities | $19.61B | $19.25B | $27.34B | $26.38B | $22.91B | $25.43B |
| Total Long-Term Debt | $31.29B | $27.58B | $37.49B | $45.94B | $45.56B | $48.67B |
| Total Liabilities | $55.45B | $49.50B | $67.99B | $74.75B | $71.65B | $77.21B |
| Shareholders' Equity | -$12.57B | -$10.11B | -$8.96B | -$11.22B | -$11.75B | -$9.99B |
Philip Morris International Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $9.81B | $11.97B | $10.80B | $9.20B | $12.22B | $12.23B |
| Cash From Investing | -$1.15B | -$2.36B | -$15.68B | -$3.60B | -$1.09B | -$3.97B |
| Cash From Financing | -$8.50B | -$11.98B | $3.81B | -$5.58B | -$9.48B | -$8.13B |
| Free Cash Flow | $9.21B | $11.22B | $9.73B | $7.88B | $10.77B | $10.66B |
| Dividends Paid | $7.36B | $7.58B | $7.81B | $7.96B | $8.20B | $8.62B |
Figures from Philip Morris International's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Philip Morris International financials page for every line item.
Philip Morris International Company Profile
| Ticker | PM |
|---|---|
| Exchange | NYSE |
| Industry | Cigarettes |
| Headquarters | Stamford, Connecticut |
| Incorporated in | Virginia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001413329 |
Frequently Asked Questions
What was Philip Morris International's revenue in fiscal 2025?
Philip Morris International (PM) reported revenue of $40.65B for fiscal 2025.
What is Philip Morris International's annual revenue history?
Philip Morris International's annual revenue by fiscal year: 2020: $76.05B; 2021: $82.22B; 2022: $80.67B; 2023: $35.17B; 2024: $37.88B; 2025: $40.65B.
What was Philip Morris International's net income in fiscal 2025?
Philip Morris International reported net income of $11.35B for fiscal 2025.
What was Philip Morris International's earnings per share (EPS) in fiscal 2025?
Philip Morris International's diluted EPS was $7.26 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Philip Morris International generate in fiscal 2025?
Philip Morris International generated $10.66B of free cash flow in fiscal 2025.
What was Philip Morris International's revenue last quarter?
In its most recent reported quarter (2026 Q2), Philip Morris International reported revenue of $11.19B.
How much debt does Philip Morris International have?
Philip Morris International reported $48.67B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Philip Morris International are outstanding?
Philip Morris International reported a weighted average of 1.56 billion basic shares outstanding in 2026 Q2.
What is Philip Morris International's market cap?
Based on its latest closing price, Philip Morris International (PM) has a market capitalization of about $310.89B.
When does Philip Morris International's fiscal year end?
Philip Morris International's fiscal year end, as registered with the SEC, is December 31.
Where is Philip Morris International headquartered?
Philip Morris International lists its business address in Stamford, Connecticut in its SEC filings.