Philip Morris International (PM) financials
Philip Morris International revenue and earnings by year
Philip Morris International's revenue was $40.6 billion in the fiscal year to December 31, 2025, up 7.3% from the year before. Net income was $11.3 billion, 27.9% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 4.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 40.6 | 37.9 | 35.2 | 31.8 | 31.4 | 28.7 | 29.8 | 29.6 | 28.7 | 26.7 |
| Revenue growth | 7.3% | 7.7% | 10.7% | 1.1% | 9.4% | -3.7% | 0.6% | 3.1% | 7.7% | — |
| Gross profit | 27.3 | 24.5 | 22.3 | 20.4 | 21.4 | 19.1 | 19.3 | 18.9 | 18.3 | 17.3 |
| Gross margin | 67.1% | 64.8% | 63.3% | 64.1% | 68.1% | 66.7% | 64.7% | 63.7% | 63.7% | 64.8% |
| Operating income | 14.9 | 13.4 | 11.6 | 12.2 | 13.0 | 11.7 | 10.5 | 11.4 | 11.6 | 10.9 |
| Operating margin | 36.6% | 35.4% | 32.9% | 38.6% | 41.3% | 40.7% | 35.3% | 38.4% | 40.3% | 40.9% |
| Net income | 11.3 | 7.1 | 7.8 | 9.0 | 9.1 | 8.1 | 7.2 | 7.9 | 6.0 | 7.0 |
| Net margin | 27.9% | 18.6% | 22.2% | 28.5% | 29.0% | 28.1% | 24.1% | 26.7% | 21.0% | 26.1% |
| Diluted EPS | $7.26 | $4.52 | $5.02 | $5.81 | $5.83 | $5.17 | $4.62 | $5.08 | $3.87 | $4.48 |
| Free cash flow | 10.7 | 10.8 | 7.9 | 9.7 | 11.2 | 9.2 | 9.2 | 8.0 | 7.4 | 6.9 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open PM in Markets.
See also: PM valuation and P/E history · PM returns
No forecast, no recommendation. This page describes Philip Morris International from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.