Philip Morris International Inc. (PM) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	43.1B	40.6B	37.9B	35.2B	31.8B
Cost of Revenue	13.9B	13.4B	13.3B	12.9B	11.4B
Gross Profit	29.2B	27.3B	24.5B	22.3B	20.4B
Operating Expenses
R&D Expense	—	756.0M	759.0M	—	—
SG&A Expense	12.3B	10.6B	11.1B	10.1B	8.1B
General & Admin Expense	2.9B	—	11.1B	10.1B	8.1B
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	298.0M	1.1B	(759.0M)	665.0M	—
Total Operating Expenses	12.6B	12.4B	11.1B	10.7B	8.1B
Cost and Expenses	26.5B	25.8B	24.5B	23.6B	19.5B
Operating Income (EBIT)	16.7B	14.9B	13.4B	11.6B	12.2B
Non-Operating
Interest Income	—	621.0M	620.0M	465.0M	180.0M
Interest Expense	1.5B	1.6B	1.8B	1.5B	768.0M
Net Interest Income	(1.5B)	(966.0M)	(1.1B)	(1.1B)	(588.0M)
Other Non-Op Income/Expense	(1.6B)	(307.0M)	(1.2B)	(949.0M)	(475.0M)
Non-Operating Income (excl Interest)	(549.0M)	(1.8B)	(560.0M)	(420.0M)	(156.0M)
EBT (Pre-Tax Income)	15.1B	14.6B	12.2B	10.6B	11.8B
Income Tax Expense	3.3B	2.7B	2.4B	2.3B	2.2B
Bottom Line
Net Income	10.7B	11.3B	7.0B	7.8B	9.0B
Earnings from Cont. Ops	11.8B	11.8B	9.8B	8.3B	9.5B
Earnings from Discont. Ops	18.0M	—	(23.0M)	(157.0M)	—
Bottom Line Net Income	10.7B	11.3B	7.0B	7.8B	9.0B
Per Share
Basic EPS	$6.85	$7.27	$4.53	$5.02	$5.82
Diluted EPS	$6.85	$7.26	$4.52	$5.02	$5.81
Revenue Per Share	$27.60	$26.12	$24.37	$22.66	$20.49
Shares
Basic Shares Outstanding	1.6B	1.6B	1.6B	1.6B	1.6B
Diluted Shares Outstanding	1.6B	1.6B	1.6B	1.6B	1.6B
Profitability Metrics
EBITDA	18.8B	18.7B	15.7B	13.4B	13.5B
D&A	1.5B	2.0B	1.8B	1.4B	1.1B
EBIT	17.2B	16.7B	14.0B	12.0B	12.4B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026