Philip Morris International Financial Statements
NYSE: PMHealth Care Medicinal Chemicals and Botanical Products USD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 200.94 -0.12%
Philip Morris International revenue and earnings
In fiscal 2025, Philip Morris International generated $40.65 billion in revenue, up 7.3% from fiscal 2024, its 5th consecutive year of revenue growth. Net income was $11.35 billion (+60.8% year over year), for a net margin of 27.9% versus a median of 28.1% in the prior 5 years. Gross margin was 67.1% (up from 64.8%) and operating margin 36.6%.
Diluted earnings per share came in at $7.26, up from $4.52. Over the last 5 fiscal years, PM's revenue has grown at a 7.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Philip Morris International income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 40.65B | 37.88B | 35.17B | 31.76B | 31.41B | 28.69B | 29.80B | 29.63B | 28.75B | 26.68B |
| Revenue growth (YoY) | +7.31% | +7.69% | +10.74% | +1.14% | +9.45% | -3.73% | +0.61% | +3.05% | +7.73% | -63.89% |
| Cost of Revenue | 13.37B | 13.33B | 12.89B | 11.40B | 10.03B | 9.57B | 10.51B | 10.76B | 10.43B | 9.39B |
| Gross Profit | 27.28B | 24.55B | 22.28B | 20.36B | 21.38B | 19.13B | 19.29B | 18.87B | 18.32B | 17.29B |
| Operating Expenses | 12.39B | 11.15B | 10.72B | 8.11B | 8.40B | 7.46B | 8.76B | 7.49B | 6.74B | 6.39B |
| Research & Development | 756.00M | 759.00M | 709.00M | 642.00M | 617.00M | 495.00M | 465.00M | 383.00M | 453.00M | 429.00M |
| Operating Income | 14.89B | 13.40B | 11.56B | 12.25B | 12.97B | 11.67B | 10.53B | 11.38B | 11.58B | 10.90B |
| Interest Expense | 1.59B | 1.76B | 1.53B | 768.00M | 737.00M | 728.00M | 796.00M | 855.00M | 1.10B | 1.07B |
| Pretax Income | 13.88B | 12.20B | 10.45B | 11.63B | 12.23B | 10.95B | 9.87B | 10.67B | 10.59B | 9.92B |
| Income Tax | 2.74B | 3.02B | 2.34B | 2.24B | 2.67B | 2.38B | 2.29B | 2.44B | 4.31B | 2.77B |
| Net Income | 11.35B | 7.06B | 7.81B | 9.05B | 9.11B | 8.06B | 7.18B | 7.91B | 6.04B | 6.97B |
| Net Income growth (YoY) | +60.80% | -9.68% | -13.65% | -0.67% | +13.07% | +12.12% | -9.18% | +31.09% | -13.38% | +1.37% |
| EPS (Basic) | 7.27 | 4.53 | 5.02 | 5.82 | 5.83 | 5.16 | 4.61 | 5.08 | 3.88 | 4.48 |
| EPS (Diluted) | 7.26 | 4.52 | 5.02 | 5.81 | 5.83 | 5.16 | 4.61 | 5.08 | 3.88 | 4.48 |
| Shares Outstanding (Basic) | 1.56B | 1.55B | 1.55B | 1.55B | 1.56B | 1.56B | 1.55B | 1.55B | 1.55B | 1.55B |
| Shares Outstanding (Diluted) | 1.56B | 1.56B | 1.55B | 1.55B | 1.56B | 1.56B | 1.56B | 1.55B | 1.55B | 1.55B |
| EBITDA | 16.89B | 15.19B | 12.95B | 13.32B | 13.97B | 12.65B | 11.49B | 12.37B | 12.46B | 11.65B |
| Gross Margin | 67.12% | 64.81% | 63.35% | 64.10% | 68.06% | 66.65% | 64.73% | 63.69% | 63.71% | 64.81% |
| Operating Margin | 36.64% | 35.38% | 32.85% | 38.56% | 41.32% | 40.66% | 35.33% | 38.40% | 40.28% | 40.86% |
| Net Margin | 27.92% | 18.63% | 22.21% | 28.49% | 29.00% | 28.08% | 24.11% | 26.70% | 20.99% | 26.11% |
This table shows 10 annual periods of Philip Morris International's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PM's reporting calendar. What is a income statement?