Philip Morris International Inc.

PM · XNYS

CIK 1413329fmd_0Y4BP0EPD406SQS7W1419X9XNEManufacturing · CigarettesTemplate: Standard

Coverage: Jan 01, 2007 to Sep 30, 2026, 75 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	26,685	28,748	29,625	29,805	28,694	31,405	31,762	35,174	37,878	40,648
Cost of revenue	9,391	10,432	10,758	10,513	9,569	10,030	11,402	12,893	13,329	13,366
Net interest income	(891)	(914)	(665)	(570)	(618)	(628)	(588)	(1,061)	–	–
Gross profit	17,294	18,316	18,867	19,292	19,125	21,375	20,360	22,281	24,549	27,282
Research and development	429	453	383	465	495	617	642	709	759	756
Operating income	10,903	11,581	11,377	10,531	11,668	12,975	12,246	11,556	13,402	14,892
Interest expense	1,069	1,096	855	796	728	737	768	1,526	1,763	1,587
Interest and investment income	178	182	190	226	110	109	180	465	620	621
Income before taxes	9,924	10,589	10,671	9,872	10,953	12,232	11,634	10,450	12,199	13,880
Income tax expense	2,768	4,307	2,445	2,293	2,377	2,671	2,244	2,339	3,017	2,737
Net income from continuing operations	7,156	6,282	8,226	7,579	8,576	9,561	9,390	8,111	9,182	11,143
Net income	6,967	6,035	7,911	7,185	8,056	9,109	9,048	7,813	7,057	11,348
Net income to common shareholders	–	–	–	7,168	8,036	9,083	9,024	7,791	7,034	11,316