Philip Morris International Inc. (PM) — Financial statements
Income statement, balance sheet, and cash flow for Philip Morris International Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 40,648↑7.3% | 37,878↑7.7% | 35,174↑10.7% | 31,762↑1.1% | 31,405 | |
| Cost of Revenue | 13,366↑0.3% | 13,329↑3.4% | 12,893↑13.1% | 11,402↑13.7% | 10,030 | |
| Gross Profit | 27,282↑11.1% | 24,549↑10.2% | 22,281↑9.4% | 20,360↓4.7% | 21,375 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 759 | 0.00 | 0.00↓100.0% | 617 | |
| General & Administrative Expenses | 0.00↓100.0% | 11,147↑10.8% | 10,060↑23.6% | 8,138↓3.1% | 8,400 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 12,349↑10.8% | 11,147↑10.8% | 10,060↑24.0% | 8,114↓3.4% | 8,400 | |
| Other Expenses | 0.00↑100.0% | -759↓214.1% | 665 | 0.00↑100.0% | -651 | |
| Operating Expenses | 12,349↑10.8% | 11,147↑3.9% | 10,725↑32.2% | 8,114↓3.4% | 8,400 | |
| Total Costs & Expenses | 25,715↑5.1% | 24,476↑3.6% | 23,618↑21.0% | 19,516↑6.1% | 18,396 | |
| Operating Results | ||||||
| Operating Income | 14,933↑11.4% | 13,402↑16.0% | 11,556↓5.6% | 12,246↓5.6% | 12,972 | |
| Depreciation & Amortization | 1,996↑11.7% | 1,787↑27.8% | 1,398↑29.8% | 1,077↑7.9% | 998 | |
| EBITDA | 17,463↑10.9% | 15,749↑17.8% | 13,374↓0.8% | 13,479↓3.5% | 13,967 | |
| EBIT | 15,467↑10.8% | 13,962↑16.6% | 11,976↓3.4% | 12,402↓4.4% | 12,969 | |
| Interest & Other Income | ||||||
| Net Interest Income | -966↑15.5% | -1,143↓7.7% | -1,061↓80.4% | -588↑6.4% | -628 | |
| Interest Income | 621↑0.2% | 620↑33.3% | 465↑158.3% | 180↑65.1% | 109 | |
| Interest Expense | 1,587↓10.0% | 1,763↑15.5% | 1,526↑98.7% | 768↑4.2% | 737 | |
| Non-Operating Income | -534↑4.6% | -560↓33.3% | -420↓169.2% | -156↓2700.0% | 6 | |
| Other Income / Expenses | -348↑71.1% | -1,203↓26.8% | -949↓99.8% | -475↑19.6% | -591 | |
| Income Before Tax | 14,585↑19.6% | 12,199↑15.0% | 10,607↓9.9% | 11,771↓4.9% | 12,381 | |
| Income Tax Expense | 2,737↑15.0% | 2,380↑1.8% | 2,339↑4.2% | 2,244↓16.0% | 2,671 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 11,848↑20.7% | 9,819↑18.8% | 8,268↓13.2% | 9,527↓1.9% | 9,710 | |
| Net Income from Discontinued Operations | 0.00↑100.0% | -23↑85.4% | -157 | 0.00 | 0.00 | |
| Net Income | 11,348↑61.3% | 7,034↓9.7% | 7,791↓13.9% | 9,048↓0.7% | 9,109 | |
| Bottom-Line Net Income | 11,316↑60.9% | 7,034↓9.7% | 7,791↓13.7% | 9,024↓0.6% | 9,083 | |
| EPS (Basic) | 7.27↑60.5% | 4.53↓9.8% | 5.02↓13.7% | 5.82↓0.2% | 5.83 | |
| EPS (Diluted) | 7.26↑60.6% | 4.52↓10.0% | 5.02↓13.6% | 5.81↓0.3% | 5.83 | |
| Weighted Average Shares | 1,556↑0.1% | 1,554↑0.1% | 1,552↑0.1% | 1,550↓0.5% | 1,558 | |
| Weighted Average Diluted Shares | 1,558↑0.1% | 1,556↑0.2% | 1,553↑0.1% | 1,552↓0.4% | 1,559 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.