Philip Morris International Inc. (PM) income statement
NYSE · Consumer Defensive · Tobacco · 84,900 employees · CEO Jacek Olczak
- Price
- $208.79 +0.14%
- Market cap
- $325B
- Enterprise value
- $366B
- Last report
- Q3 '26 filed 2026-10-23
- Next report
- 2027-02-05 EPS est. $1.85
Philip Morris International Inc. (PM) reported revenue of $11.4B for Q3 '26 (+5.5% year on year), operating income of $4.87B (42.5% of revenue) and net income of $3.31B. Over the last four quarters revenue was $43.1B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.05B | $8.79B | $9.47B | $9.91B | $9.71B | $9.3B | $10.1B | $10.8B | $10.4B | $10.1B | $11.2B | $11.4B | |
| Cost of revenue | $3.43B | $3.2B | $3.35B | $3.37B | $3.42B | $3.04B | $3.28B | $3.49B | $3.56B | $3.24B | $3.53B | $3.58B | |
| Gross profit | $5.62B | $5.6B | $6.12B | $6.55B | $6.28B | $6.26B | $6.86B | $7.36B | $6.8B | $6.91B | $7.66B | $7.85B | |
| Sales & marketing | $0 | $201M | -$322M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $2.03B | $2.57B | $2.69B | $2.89B | $3.02B | $0 | $0 | $0 | $0 | $2.86B | $0 | $0 | |
| Other operating expenses | $701M | -$216M | $308M | $0 | $0 | $0 | $0 | $0 | $0 | $155M | $148M | -$5M | |
| Operating expenses | $2.73B | $2.55B | $2.68B | $2.89B | $3.02B | $2.72B | $3.11B | $3.1B | $3.43B | $3.01B | $3.13B | $2.99B | |
| Operating income | $2.89B | $3.05B | $3.44B | $3.65B | $3.26B | $3.54B | $3.75B | $4.26B | $3.37B | $3.89B | $4.53B | $4.87B | |
| Interest income | $465M | $0 | $0 | $0 | $620M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Interest expense | $738M | $299M | $329M | $189M | $946M | $241M | $277M | $230M | $839M | $237M | $243M | $199M | |
| Other non-operating income (gains on investments, FX ...) | -$800M | $15M | $14M | $15M | -$604M | $12M | $52M | $14M | -$612M | -$5M | -$5M | $73M | |
| Total non-operating income | -$256M | -$123M | -$182M | $296M | -$1.19B | -$48M | $47M | $101M | -$448M | -$635M | -$238M | -$272M | |
| Income before tax | $2.63B | $2.92B | $3.26B | $3.95B | $2.07B | $3.5B | $3.8B | $4.36B | $2.93B | $3.26B | $4.29B | $4.59B | |
| Income tax | $320M | $676M | $734M | $735M | $235M | $659M | $652M | $751M | $675M | $676M | $955M | $986M | |
| Net income | $2.2B | $2.15B | $2.41B | $3.08B | -$579M | $2.69B | $3.04B | $3.48B | $2.14B | $2.44B | $2.82B | $3.31B | |
| EPS (basic) | $1.41 | $1.38 | $1.54 | $1.98 | -$0.37 | $1.72 | $1.95 | $2.23 | $1.37 | $1.56 | $1.80 | $2.12 | |
| EPS (diluted) | $1.41 | $1.38 | $1.54 | $1.97 | -$0.37 | $1.72 | $1.95 | $2.23 | $1.37 | $1.56 | $1.80 | $2.12 | |
| Shares (basic, weighted) | 1.55B | 1.55B | 1.56B | 1.56B | 1.55B | 1.55B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | |
| Shares (diluted, weighted) | 1.55B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | 1.56B | |
| Depreciation & amortization | $369M | $367M | $445M | $498M | $477M | $480M | $490M | $505M | $521M | $510M | $513M | $0 | |
| EBITDA | $4.06B | $3.4B | $3.88B | $4.14B | $4.34B | $4.01B | $4.19B | $4.75B | $4.51B | $4.41B | $5.05B | $4.79B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.7B | $28.7B | $29.6B | $29.8B | $28.7B | $31.4B | $31.8B | $35.2B | $37.9B | $40.6B | |
| Cost of revenue | $9.39B | $10.4B | $10.8B | $10.5B | $9.57B | $10B | $11.4B | $12.9B | $13.3B | $13.4B | |
| Gross profit | $17.3B | $18.3B | $18.9B | $19.3B | $19.1B | $21.4B | $20.4B | $22.3B | $24.5B | $27.3B | |
| Research & development | $429M | $453M | $383M | $465M | $495M | $617M | $0 | $0 | $759M | $756M | |
| General & administrative | $6.41B | $6.73B | $7.45B | $8.78B | $7.48B | $8.4B | $8.11B | $10.1B | $11.1B | $0 | |
| Other operating expenses | -$449M | -$424M | -$361M | -$488M | -$519M | -$651M | $0 | $665M | -$759M | $1.08B | |
| Operating expenses | $6.39B | $6.75B | $7.47B | $8.76B | $7.46B | $8.4B | $8.11B | $10.7B | $11.1B | $12.4B | |
| Operating income | $10.9B | $11.6B | $11.3B | $10.5B | $11.7B | $13B | $12.2B | $11.6B | $13.4B | $14.9B | |
| Interest income | $178M | $182M | $190M | $226M | $110M | $109M | $180M | $465M | $620M | $621M | |
| Interest expense | $1.07B | $1.1B | $855M | $796M | $728M | $737M | $768M | $1.53B | $1.76B | $1.59B | |
| Other non-operating income (gains on investments, FX ...) | -$90M | -$8M | -$213M | -$137M | $39M | $6M | -$156M | -$420M | -$560M | -$1.83B | |
| Total non-operating income | -$885M | -$928M | -$605M | -$510M | -$751M | -$591M | -$475M | -$949M | -$1.2B | -$307M | |
| Income before tax | $10B | $10.6B | $10.7B | $10B | $11B | $12.4B | $11.8B | $10.6B | $12.2B | $14.6B | |
| Income tax | $2.77B | $4.31B | $2.45B | $2.29B | $2.38B | $2.67B | $2.24B | $2.34B | $2.38B | $2.74B | |
| Net income | $6.97B | $6.04B | $7.91B | $7.19B | $8.06B | $9.11B | $9.05B | $7.79B | $7.03B | $11.3B | |
| EPS (basic) | $4.48 | $3.88 | $5.09 | $4.61 | $5.16 | $5.83 | $5.82 | $5.02 | $4.53 | $7.27 | |
| EPS (diluted) | $4.48 | $3.88 | $5.09 | $4.61 | $5.16 | $5.83 | $5.81 | $5.02 | $4.52 | $7.26 | |
| Shares (basic, weighted) | 1.55B | 1.55B | 1.56B | 1.56B | 1.56B | 1.56B | 1.55B | 1.55B | 1.55B | 1.56B | |
| Shares (diluted, weighted) | 1.55B | 1.55B | 1.56B | 1.56B | 1.56B | 1.56B | 1.55B | 1.55B | 1.56B | 1.56B | |
| Depreciation & amortization | $743M | $875M | $989M | $964M | $981M | $998M | $1.08B | $1.4B | $1.79B | $2B | |
| EBITDA | $11.7B | $12.5B | $12.5B | $11.6B | $12.7B | $14B | $13.5B | $13.4B | $15.7B | $18.7B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01