The financials
Philip Morris International by the numbers
Philip Morris International (PM) reported revenue of $11.2B in Q2 2026 (quarter ended June 30, 2026), up 10% from the same quarter a year earlier. That came with a gross margin of 68% and net income of $2.82B (25% of revenue). For the full year FY2025, revenue was $40.6B (+7.3% year on year) and net income $11.3B. Its largest segment in 2026-Q1 was International Combustibles at $5.69B, 56% of the disclosed total, just ahead of International Smoke Free at 38%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $11.2B | $10.1B | +10% |
| Gross profit | $7.66B | $6.87B | +12% |
| Operating income | $4.53B | $3.71B | +22% |
| Net income | $2.82B | $3.04B | −7.3% |
| Diluted EPS | $1.80 | $1.95 | −7.7% |
| Operating | Revenue | Share |
|---|---|---|
| International Combustibles | $5.69B | 56% |
| International Smoke Free | $3.84B | 38% |
| U.S.Segment | $622M | 6.1% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $10.15B (-6.4%)
International Smoke Free grew +25% year on yearU.S.Segment -31% year on year
Segment Latestyear on year
- International Combustibles$5.69B$5.69Byear on year +6.8%+6.8%
- International Smoke Free$3.84B$3.84Byear on year +25%+25%
- U.S.Segment$622.0M$622.0Myear on year -31%-31%
- Americas--year on year --
- EAAUPMIGTR--year on year --
- Europe--year on year --
- SSEACISMEA--year on year --
Consumer Defensive
Ranks #28 of 106 by Smart Score