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    Philip Morris International Inc.

    Company overview

    Market capitalization
    $302.00B
    Employees
    84,900
    Latest publication
    2026-09-29
    About Philip Morris International Inc.

    Philip Morris International Inc. operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, e-vapor, and oral nicotine products under the IQOS, VEEV, and ZYN brands; and consumer accessories, such as lighters and matches. It also offers wellness products. The company was incorporated in 1987 and is headquartered in Stamford, Connecticut.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USD
    Total Revenue11,192,000,000USD10,146,000,000USD
    Cost Of Revenue3,533,000,000USD3,241,000,000USD
    Gross Profit7,659,000,000USD6,905,000,000USD
    Total Operating Expenses3,129,000,000USD3,012,000,000USD
    Operating Income4,530,000,000USD3,893,000,000USD
    Total Other Income Expense Net-238,000,000USD-232,000,000USD
    Interest Expense243,000,000USD—
    Income Before Tax4,292,000,000USD3,661,000,000USD
    Income Tax Expense955,000,000USD676,000,000USD
    Equity Method Income Loss159,000,000USD-403,000,000USD
    Net Income2,985,000,000USD2,582,000,000USD
    Minority Interest168,000,000USD144,000,000USD
    Net Income Applicable To Common Shares2,817,000,000USD2,431,000,000USD
    Other Operating Expenses—24,000,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinal

    Income YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Total Revenue21,338,000,000USD
    Cost Of Revenue6,774,000,000USD
    Gross Profit14,564,000,000USD
    Total Operating Expenses6,141,000,000USD
    Operating Income8,423,000,000USD
    Total Other Income Expense Net-470,000,000USD
    Interest Expense480,000,000USD
    Income Before Tax7,953,000,000USD
    Income Tax Expense1,631,000,000USD
    Equity Method Income Loss-244,000,000USD
    Net Income5,567,000,000USD
    Minority Interest312,000,000USD
    Net Income Applicable To Common Shares5,255,000,000USD
    SourceDisclosureDeterministicFinal

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets68,271,000,000USD68,913,000,000USD69,185,000,000USD67,061,000,000USD68,506,000,000USD65,079,000,000USD61,784,000,000USD66,892,000,000USD
    Cash And Equivalents5,999,000,000USD5,450,000,000USD4,872,000,000USD4,037,000,000USD4,138,000,000USD4,443,000,000USD4,216,000,000USD4,258,000,000USD
    Long Term Investments2,130,000,000USD2,478,000,000USD2,891,000,000USD3,133,000,000USD3,352,000,000USD2,972,000,000USD2,654,000,000USD5,631,000,000USD
    Total Current Assets26,006,000,000USD25,602,000,000USD24,363,000,000USD22,665,000,000USD23,364,000,000USD22,196,000,000USD20,170,000,000USD20,796,000,000USD
    Other Current Assets2,097,000,000USD2,370,000,000USD2,203,000,000USD2,538,000,000USD2,609,000,000USD1,833,000,000USD1,826,000,000USD1,992,000,000USD
    Other Non Current Assets3,590,000,000USD3,796,000,000USD——————
    Total Liabilities74,928,000,000USD76,213,000,000USD——————
    Total Current Liabilities26,542,000,000USD26,222,000,000USD25,427,000,000USD26,719,000,000USD28,148,000,000USD28,087,000,000USD22,915,000,000USD23,366,000,000USD
    Other Non Current Liabilities1,714,000,000USD1,830,000,000USD——————
    Total Stockholder Equity-8,583,000,000USD-9,279,000,000USD-9,994,000,000USD-10,914,000,000USD-11,966,000,000USD-10,901,000,000USD-11,750,000,000USD-9,694,000,000USD
    Total Equity Including Noncontrolling Interest-6,657,000,000USD-7,300,000,000USD——————
    Short Long Term Debt3,406,000,000USD—3,701,000,000USD8,219,000,000USD9,031,000,000USD10,798,000,000USD3,529,000,000USD4,985,000,000USD
    Long Term Debt42,366,000,000USD43,808,000,000USD45,134,000,000USD41,863,000,000USD42,431,000,000USD38,781,000,000USD42,166,000,000USD44,237,000,000USD
    Net Receivables5,179,000,000USD5,120,000,000USD5,810,000,000USD5,823,000,000USD5,889,000,000USD5,793,000,000USD4,675,000,000USD5,191,000,000USD
    Inventory11,436,000,000USD11,392,000,000USD11,478,000,000USD10,267,000,000USD10,728,000,000USD10,127,000,000USD9,453,000,000USD9,355,000,000USD
    Property Plant Equipment Net8,313,000,000USD8,259,000,000USD8,397,000,000USD8,115,000,000USD8,043,000,000USD7,532,000,000USD7,310,000,000USD7,548,000,000USD
    Goodwill16,917,000,000USD17,069,000,000USD——————
    Intangible Assets10,178,000,000USD10,512,000,000USD10,884,000,000USD11,146,000,000USD11,382,000,000USD11,345,000,000USD11,327,000,000USD11,916,000,000USD
    Accounts Payable3,919,000,000USD3,927,000,000USD4,407,000,000USD3,978,000,000USD3,870,000,000USD3,749,000,000USD3,952,000,000USD3,511,000,000USD
    Short Term Debt3,341,000,000USD—3,701,000,000USD8,219,000,000USD9,031,000,000USD10,798,000,000USD3,529,000,000USD4,985,000,000USD
    Common Stock0USD0USD0USD-1,559,143,000USD0USD0USD0USD0USD
    Retained Earnings36,055,000,000USD35,538,000,000USD35,400,000,000USD35,557,000,000USD34,376,000,000USD33,447,000,000USD32,869,000,000USD35,556,000,000USD
    Accumulated Other Comprehensive Income-11,656,000,000USD-11,788,000,000USD-12,296,000,000USD-13,320,000,000USD-13,153,000,000USD-11,117,000,000USD-11,314,000,000USD-11,892,000,000USD
    Total Liab——77,213,000,000USD76,045,000,000USD78,518,000,000USD74,005,000,000USD71,654,000,000USD74,605,000,000USD
    Other Current Liab——17,319,000,000USD14,522,000,000USD15,247,000,000USD13,540,000,000USD7,272,000,000USD7,217,000,000USD
    Capital Stock——0USD0USD0USD0USD0USD0USD
    Good Will——17,264,000,000USD17,181,000,000USD17,225,000,000USD16,864,000,000USD16,600,000,000USD17,144,000,000USD
    Other Assets——24,877,000,000USD4,821,000,000USD24,366,000,000USD4,170,000,000USD3,723,000,000USD3,857,000,000USD
    Cash——4,872,000,000USD4,037,000,000USD4,138,000,000USD4,443,000,000USD4,216,000,000USD4,258,000,000USD
    Cash And Short Term Investments——4,872,000,000USD4,037,000,000USD4,138,000,000USD4,443,000,000USD4,216,000,000USD4,258,000,000USD
    Net Debt——43,963,000,000USD46,045,000,000USD47,324,000,000USD45,136,000,000USD41,479,000,000USD44,964,000,000USD
    Short Long Term Debt Total——48,835,000,000USD50,082,000,000USD51,462,000,000USD49,579,000,000USD45,695,000,000USD49,222,000,000USD
    Property Plant Equipment Gross——19,616,000,000USD19,186,000,000USD18,999,000,000USD17,428,000,000USD16,685,000,000USD17,512,000,000USD
    Common Stock Shares Outstanding——1,558,000,000shares1,558,000,000shares1,558,000,000shares1,556,000,000shares1,556,000,000shares1,556,000,000shares
    Non Current Assets Total——44,822,000,000USD44,396,000,000USD45,142,000,000USD42,883,000,000USD41,614,000,000USD46,096,000,000USD
    Non Current Liabilities Total——51,786,000,000USD49,326,000,000USD50,370,000,000USD45,918,000,000USD48,739,000,000USD51,239,000,000USD
    Non Current Liabilities Other——2,181,000,000USD2,242,000,000USD2,492,000,000USD1,329,000,000USD1,116,000,000USD1,498,000,000USD
    Non Currrent Assets Other——4,139,000,000USD3,764,000,000USD4,029,000,000USD2,883,000,000USD2,783,000,000USD2,845,000,000USD
    Net Working Capital——-1,064,000,000USD-4,054,000,000USD-4,784,000,000USD-5,891,000,000USD-2,745,000,000USD-2,570,000,000USD
    Unclassified Non Current Assets——-23,630,000,000USD-3,764,000,000USD-23,255,000,000USD-2,883,000,000USD-2,783,000,000USD-2,845,000,000USD
    Unclassified Current Liabilities——-3,701,000,000USD-9,588,833,000USD-9,031,000,000USD-10,798,000,000USD4,633,000,000USD2,668,000,000USD
    Unclassified Non Current Liabilities——4,471,000,000USD5,221,000,000USD5,447,000,000USD5,808,000,000USD5,457,000,000USD5,504,000,000USD
    Unclassified Equity——-33,098,000,000USD-31,591,857,000USD-33,189,000,000USD-33,231,000,000USD-33,305,000,000USD-33,358,000,000USD
    Current Deferred Revenue———1,369,833,000USD———-3,511,000,000USD
    Short Term Investments———————43,000,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets69,185,000,000USD61,784,000,000USD65,304,000,000USD61,681,000,000USD41,290,000,000USD44,815,000,000USD42,875,000,000USD39,801,000,000USD
    Intangible Assets10,884,000,000USD11,327,000,000USD9,864,000,000USD6,732,000,000USD2,818,000,000USD2,019,000,000USD2,113,000,000USD2,278,000,000USD
    Other Current Assets2,203,000,000USD1,826,000,000USD1,530,000,000USD1,770,000,000USD13,221,000,000USD860,000,000USD701,000,000USD481,000,000USD
    Total Liab77,213,000,000USD71,654,000,000USD74,750,000,000USD67,992,000,000USD49,498,000,000USD55,446,000,000USD52,474,000,000USD50,540,000,000USD
    Total Stockholder Equity-9,994,000,000USD-11,750,000,000USD-11,225,000,000USD-8,957,000,000USD-8,208,000,000USD-12,567,000,000USD-11,577,000,000USD-12,459,000,000USD
    Other Current Liab17,319,000,000USD15,007,000,000USD6,902,000,000USD6,532,000,000USD16,232,000,000USD5,973,000,000USD5,512,000,000USD4,675,000,000USD
    Common Stock0USD0USD0USD0USD-10,106,000,000USD-12,567,000,000USD0USD-12,459,000,000USD
    Capital Stock0USD0USD0USD0USD0USD0USD0USD0USD
    Retained Earnings35,400,000,000USD32,869,000,000USD34,090,000,000USD34,289,000,000USD33,082,000,000USD31,638,000,000USD30,987,000,000USD31,014,000,000USD
    Good Will17,264,000,000USD16,600,000,000USD16,779,000,000USD19,655,000,000USD6,680,000,000USD5,964,000,000USD5,858,000,000USD7,189,000,000USD
    Other Assets679,000,000USD585,000,000USD5,830,000,000USD21,128,000,000USD21,128,000,000USD4,177,000,000USD2,358,000,000USD2,422,000,000USD
    Cash4,872,000,000USD4,216,000,000USD3,060,000,000USD3,207,000,000USD4,496,000,000USD7,280,000,000USD6,861,000,000USD6,593,000,000USD
    Cash And Equivalents4,872,000,000USD4,216,000,000USD3,060,000,000USD3,207,000,000USD4,496,000,000USD7,280,000,000USD6,861,000,000USD6,593,000,000USD
    Cash And Short Term Investments4,872,000,000USD4,216,000,000USD3,060,000,000USD3,207,000,000USD4,496,000,000USD7,280,000,000USD6,861,000,000USD6,593,000,000USD
    Total Current Assets24,363,000,000USD20,170,000,000USD19,755,000,000USD19,619,000,000USD4,496,000,000USD21,492,000,000USD20,514,000,000USD19,442,000,000USD
    Total Current Liabilities25,427,000,000USD22,915,000,000USD26,383,000,000USD27,336,000,000USD951,000,000USD19,615,000,000USD18,833,000,000USD17,191,000,000USD
    Net Debt43,963,000,000USD41,479,000,000USD44,849,000,000USD39,916,000,000USD-1,473,000,000USD24,256,000,000USD24,184,000,000USD25,166,000,000USD
    Short Term Debt3,701,000,000USD3,529,000,000USD6,666,000,000USD8,248,000,000USD225,000,000USD3,368,000,000USD4,389,000,000USD4,784,000,000USD
    Short Long Term Debt3,701,000,000USD3,529,000,000USD6,666,000,000USD8,248,000,000USD3,023,000,000USD3,368,000,000USD4,389,000,000USD4,784,000,000USD
    Short Long Term Debt Total48,835,000,000USD45,695,000,000USD47,909,000,000USD43,123,000,000USD25,008,000,000USD31,536,000,000USD31,045,000,000USD31,759,000,000USD
    Long Term Debt45,134,000,000USD42,166,000,000USD41,243,000,000USD34,855,000,000USD24,783,000,000USD28,168,000,000USD26,656,000,000USD26,975,000,000USD
    Long Term Investments2,891,000,000USD2,654,000,000USD4,929,000,000USD4,431,000,000USD4,463,000,000USD4,798,000,000USD4,635,000,000USD1,269,000,000USD
    Net Receivables5,810,000,000USD4,675,000,000USD4,391,000,000USD4,756,000,000USD3,940,000,000USD3,761,000,000USD3,717,000,000USD3,564,000,000USD
    Inventory11,478,000,000USD9,453,000,000USD10,774,000,000USD9,886,000,000USD8,720,000,000USD9,591,000,000USD9,235,000,000USD8,804,000,000USD
    Accounts Payable4,407,000,000USD3,952,000,000USD4,143,000,000USD4,076,000,000USD3,331,000,000USD2,780,000,000USD2,299,000,000USD2,068,000,000USD
    Property Plant Equipment Net8,397,000,000USD7,310,000,000USD7,516,000,000USD6,710,000,000USD6,168,000,000USD6,365,000,000USD6,631,000,000USD7,201,000,000USD
    Property Plant Equipment Gross19,616,000,000USD16,685,000,000USD17,080,000,000USD15,443,000,000USD14,732,000,000USD6,365,000,000USD6,631,000,000USD7,201,000,000USD
    Accumulated Other Comprehensive Income-12,296,000,000USD-11,314,000,000USD-11,815,000,000USD-9,559,000,000USD-9,577,000,000USD-11,181,000,000USD-9,363,000,000USD-10,111,000,000USD
    Common Stock Shares Outstanding1,558,000,000shares1,556,000,000shares1,553,000,000shares1,552,000,000shares1,559,000,000shares1,558,000,000shares1,556,000,000shares1,555,000,000shares
    Non Current Assets Total44,822,000,000USD41,614,000,000USD45,549,000,000USD42,062,000,000USD15,666,000,000USD23,323,000,000USD22,361,000,000USD20,359,000,000USD
    Non Current Liabilities Total51,786,000,000USD48,739,000,000USD48,367,000,000USD40,656,000,000USD48,547,000,000USD35,831,000,000USD33,641,000,000USD33,349,000,000USD
    Non Current Liabilities Other2,181,000,000USD1,116,000,000USD1,743,000,000USD3,825,000,000USD4,734,000,000USD6,979,000,000USD6,077,000,000USD5,476,000,000USD
    Non Currrent Assets Other4,139,000,000USD2,783,000,000USD5,647,000,000USD3,931,000,000USD2,549,000,000USD2,767,000,000USD1,971,000,000USD1,445,000,000USD
    Net Working Capital-1,064,000,000USD-2,745,000,000USD-6,628,000,000USD-7,717,000,000USD-1,538,000,000USD1,877,000,000USD1,681,000,000USD2,251,000,000USD
    Unclassified Non Current Assets568,000,000USD—-5,016,000,000USD-20,525,000,000USD-28,140,000,000USD-2,767,000,000USD-1,205,000,000USD-1,445,000,000USD
    Unclassified Current Liabilities-3,701,000,000USD-3,102,000,000USD2,006,000,000USD-494,000,000USD-22,586,000,000USD4,126,000,000USD2,244,000,000USD880,000,000USD
    Unclassified Non Current Liabilities4,471,000,000USD5,457,000,000USD5,381,000,000USD-5,325,000,000USD12,844,000,000USD-7,663,000,000USD-6,416,000,000USD-6,374,000,000USD
    Unclassified Equity-33,098,000,000USD-33,305,000,000USD-33,500,000,000USD2,230,000,000USD14,229,000,000USD14,672,000,000USD2,019,000,000USD14,398,000,000USD
    Short Term Investments——1,000,000USD——4,798,000,000USD——
    Deferred Long Term Liab———1,956,000,000USD726,000,000USD684,000,000USD908,000,000USD898,000,000USD
    Other Liab———5,345,000,000USD5,460,000,000USD7,663,000,000USD6,416,000,000USD6,374,000,000USD
    Current Deferred Revenue———726,000,000USD726,000,000USD-2,780,000,000USD-2,299,000,000USD-2,068,000,000USD
    Treasury Stock———-35,917,000,000USD-35,836,000,000USD-35,129,000,000USD-35,220,000,000USD-35,301,000,000USD
    Net Tangible Assets———-8,957,000,000USD-10,106,000,000USD-20,550,000,000USD-19,548,000,000USD-21,926,000,000USD
    Unclassified Current Assets————-25,881,000,000USD-4,798,000,000USD——
    Accumulated Depreciation—————-8,544,000,000USD-7,815,000,000USD-7,356,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Net Income5,567,000,000USD
    Depreciation1,023,000,000USD
    Deferred Income Tax-10,000,000USD
    Change To Account Receivables-690,000,000USD
    Change To Inventory-80,000,000USD
    Change In Working Capital-2,335,000,000USD
    Operating Cash Flow5,093,000,000USD
    Capital Expenditures-733,000,000USD
    Other Investing Activities-17,000,000USD
    Investing Cash Flow23,000,000USD
    Net Debt Issuance647,000,000USD
    Common Dividends Paid-4,604,000,000USD
    Other Financing Activities-326,000,000USD
    Financing Cash Flow-3,879,000,000USD
    Effect Of Forex Changes On Cash-105,000,000USD
    Change In Cash1,132,000,000USD
    End Cash Flow6,024,000,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Depreciation510,000,000USD521,000,000USD505,000,000USD490,000,000USD480,000,000USD477,000,000USD498,000,000USD445,000,000USD
    Deferred Income Tax-67,000,000USD———————
    Change To Inventory-11,000,000USD-1,153,000,000USD371,000,000USD-94,000,000USD-325,000,000USD-713,000,000USD218,000,000USD520,000,000USD
    Change To Liabilities-317,000,000USD———————
    Change In Working Capital-499,000,000USD2,268,000,000USD115,000,000USD-152,000,000USD-3,791,000,000USD1,544,000,000USD-121,000,000USD1,674,000,000USD
    Operating Cash Flow-399,000,000USD———————
    Capital Expenditures-353,000,000USD-444,000,000USD-365,000,000USD-356,000,000USD-404,000,000USD-278,000,000USD-379,000,000USD-370,000,000USD
    Net Investments90,000,000USD———————
    Other Investing Activities19,000,000USD———————
    Unclassified Investing Cash Flow241,000,000USD-2,249,000,000USD776,000,000USD2,323,000,000USD390,000,000USD-361,000,000USD992,000,000USD288,000,000USD
    Investing Cash Flow-3,000,000USD———————
    Net Debt Issuance2,388,000,000USD———————
    Common Dividends Paid-2,307,000,000USD———————
    Other Financing Activities-116,000,000USD———————
    Unclassified Financing Cash Flow1,131,000,000USD——————-1,414,000,000USD
    Financing Cash Flow1,096,000,000USD———————
    Effect Of Forex Changes On Cash-116,000,000USD———————
    Change In Cash578,000,000USD831,000,000USD-115,000,000USD-300,000,000USD222,000,000USD-47,000,000USD-575,000,000USD777,000,000USD
    End Cash Flow5,470,000,000USD———————
    Net Income—2,250,000,000USD3,613,000,000USD3,148,000,000USD2,837,000,000USD-486,000,000USD3,215,000,000USD2,528,000,000USD
    Other Non Cash Items—84,000,000USD388,000,000USD133,000,000USD191,000,000USD2,487,000,000USD-211,000,000USD2,000,000USD
    Change To Account Receivables—261,000,000USD71,000,000USD102,000,000USD-882,000,000USD249,000,000USD-9,000,000USD-88,000,000USD
    Total Cash From Operating Activities—4,709,000,000USD4,462,000,000USD3,412,000,000USD-350,000,000USD4,002,000,000USD3,342,000,000USD4,632,000,000USD
    Free Cash Flow—4,265,000,000USD4,097,000,000USD3,056,000,000USD-754,000,000USD3,724,000,000USD2,963,000,000USD4,262,000,000USD
    Investments—2,232,000,000USD-789,000,000USD-2,316,000,000USD-434,000,000USD441,000,000USD-1,003,000,000USD-337,000,000USD
    Total Cashflows From Investing Activities—-428,000,000USD-789,000,000USD-2,316,000,000USD-434,000,000USD441,000,000USD-1,003,000,000USD-337,000,000USD
    Net Borrowings—-1,307,000,000USD-1,411,000,000USD945,000,000USD3,479,000,000USD-2,651,000,000USD-558,000,000USD—
    Total Cash From Financing Activities—-3,581,000,000USD-3,661,000,000USD-1,561,000,000USD671,000,000USD-4,103,000,000USD-2,981,000,000USD-3,532,000,000USD
    Dividends Paid—-2,295,000,000USD-2,107,000,000USD-2,106,000,000USD-2,116,000,000USD-2,106,000,000USD-2,027,000,000USD-2,027,000,000USD
    Begin Period Cash Flow—4,061,000,000USD4,176,000,000USD4,476,000,000USD4,254,000,000USD4,301,000,000USD4,876,000,000USD4,099,000,000USD
    End Period Cash Flow—4,892,000,000USD4,061,000,000USD4,176,000,000USD4,476,000,000USD4,254,000,000USD4,301,000,000USD4,876,000,000USD
    Other Cashflows From Investing Activities—33,000,000USD-411,000,000USD-1,967,000,000USD14,000,000USD639,000,000USD-613,000,000USD82,000,000USD
    Other Cashflows From Financing Activities—21,000,000USD-143,000,000USD-400,000,000USD-692,000,000USD654,000,000USD-396,000,000USD-91,000,000USD
    Unclassified Operating Cash Flow—-414,000,000USD-159,000,000USD-207,000,000USD-67,000,000USD—94,000,000USD-72,000,000USD
    Sale Purchase Of Stock—————0USD——
    Stock Based Compensation——————-133,000,000USD55,000,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income11,316,000,000USD7,503,000,000USD8,268,000,000USD9,527,000,000USD9,710,000,000USD8,592,000,000USD7,728,000,000USD7,911,000,000USD
    Depreciation1,996,000,000USD1,787,000,000USD1,398,000,000USD1,189,000,000USD998,000,000USD981,000,000USD964,000,000USD989,000,000USD
    Other Non Cash Items873,000,000USD2,373,000,000USD1,168,000,000USD159,000,000USD-69,000,000USD268,000,000USD413,000,000USD237,000,000USD
    Change To Account Receivables-448,000,000USD-738,000,000USD314,000,000USD-871,000,000USD-198,000,000USD26,000,000USD-331,000,000USD53,000,000USD
    Change To Inventory-1,201,000,000USD552,000,000USD-862,000,000USD-1,287,000,000USD549,000,000USD-165,000,000USD-548,000,000USD-613,000,000USD
    Change In Working Capital-1,105,000,000USD677,000,000USD-1,300,000,000USD162,000,000USD1,367,000,000USD128,000,000USD755,000,000USD303,000,000USD
    Total Cash From Operating Activities12,233,000,000USD12,217,000,000USD9,204,000,000USD10,803,000,000USD11,967,000,000USD9,812,000,000USD10,090,000,000USD9,478,000,000USD
    Capital Expenditures-1,569,000,000USD-1,444,000,000USD-1,321,000,000USD-1,077,000,000USD-748,000,000USD-602,000,000USD-852,000,000USD-1,436,000,000USD
    Free Cash Flow10,664,000,000USD10,773,000,000USD7,883,000,000USD9,726,000,000USD11,219,000,000USD9,210,000,000USD9,238,000,000USD8,042,000,000USD
    Investments-86,000,000USD-1,092,000,000USD-3,598,000,000USD264,000,000USD432,000,000USD-598,000,000USD355,000,000USD353,000,000USD
    Total Cashflows From Investing Activities-4,488,000,000USD-1,092,000,000USD-3,598,000,000USD-15,679,000,000USD-2,358,000,000USD-1,154,000,000USD-1,811,000,000USD-998,000,000USD
    Net Borrowings1,706,000,000USD-1,623,000,000USD3,702,000,000USD14,176,000,000USD-3,042,000,000USD-356,000,000USD-543,000,000USD-2,229,000,000USD
    Total Cash From Financing Activities-7,611,000,000USD-9,481,000,000USD-5,582,000,000USD3,806,000,000USD-11,977,000,000USD-8,496,000,000USD-8,061,000,000USD-9,651,000,000USD
    Dividends Paid-8,624,000,000USD-8,197,000,000USD-7,964,000,000USD-7,812,000,000USD-7,580,000,000USD-7,364,000,000USD-7,161,000,000USD-6,885,000,000USD
    Change In Cash638,000,000USD1,108,000,000USD-71,000,000USD-1,283,000,000USD-2,785,000,000USD420,000,000USD245,000,000USD-1,856,000,000USD
    Begin Period Cash Flow4,254,000,000USD3,146,000,000USD3,217,000,000USD4,500,000,000USD7,285,000,000USD6,865,000,000USD6,620,000,000USD8,476,000,000USD
    End Period Cash Flow4,892,000,000USD4,254,000,000USD3,146,000,000USD3,217,000,000USD4,500,000,000USD7,285,000,000USD6,865,000,000USD6,620,000,000USD
    Other Cashflows From Investing Activities-2,279,000,000USD297,000,000USD-2,166,000,000USD-14,866,000,000USD-2,042,000,000USD46,000,000USD-1,314,000,000USD564,000,000USD
    Other Cashflows From Financing Activities-693,000,000USD339,000,000USD-1,320,000,000USD19,346,000,000USD-580,000,000USD2,982,000,000USD4,451,000,000USD-537,000,000USD
    Unclassified Operating Cash Flow-847,000,000USD-123,000,000USD-542,000,000USD-417,000,000USD—-143,000,000USD-141,000,000USD-100,000,000USD
    Unclassified Investing Cash Flow-554,000,000USD1,147,000,000USD3,487,000,000USD————-479,000,000USD
    Sale Purchase Of Stock—0USD0USD-209,000,000USD-775,000,000USD0USD51,000,000USD-81,000,000USD
    Stock Based Compensation——212,000,000USD183,000,000USD-22,000,000USD-14,000,000USD371,000,000USD138,000,000USD
    Change To Liabilities———2,320,000,000USD1,016,000,000USD267,000,000USD1,634,000,000USD724,000,000USD
    Cash And Cash Equivalents Changes———-1,070,000,000USD-2,368,000,000USD162,000,000USD218,000,000USD-1,171,000,000USD
    Unclassified Financing Cash Flow———-21,695,000,000USD—-3,758,000,000USD-4,859,000,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    Cigarette shipment volume

    Period endPeriodValueUnitSource
    2026-06-30quarter156.9billion unitsDisclosure

    E-vapor shipment volume

    Period endPeriodValueUnitSource
    2026-06-30quarter1.3billion equivalent unitsDisclosure

    Estimated industry cigarette and HTU volume growth excluding China and U.S.

    Period endPeriodValueUnitSource
    2026-06-30quarter0.8percentDisclosure

    HTU adjusted in-market sales volume growth

    Period endPeriodValueUnitSource
    2026-06-30quarter5.1percentDisclosure

    HTU adjusted in-market sales volume growth excluding Japan and Poland

    Period endPeriodValueUnitSource
    2026-06-30quarter10percentDisclosure

    Heated tobacco unit shipment volume

    Period endPeriodValueUnitSource
    2026-06-30quarter41.8billion unitsDisclosure

    IQOS shipment volume growth

    Period endPeriodValueUnitSource
    2026-06-30quarter7.6percentDisclosure

    International Smoke-Free shipment volume

    Period endPeriodValueUnitSource
    2026-06-30quarter44.7billion equivalent unitsDisclosure

    International Smoke-Free shipment volume growth

    Period endPeriodValueUnitSource
    2026-06-30quarter8percentDisclosure

    International e-vapor shipment volume

    Period endPeriodValueUnitSource
    2026-06-30quarter1.3billion equivalent unitsDisclosure

    International heated tobacco unit shipment volume

    Period endPeriodValueUnitSource
    2026-06-30quarter41.8billion unitsDisclosure

    International modern oral shipment volume

    Period endPeriodValueUnitSource
    2026-06-30quarter0.6billion pouchesDisclosure

    International modern oral volume growth

    Period endPeriodValueUnitSource
    2026-06-30quarter14.7percentDisclosure

    International modern oral volume growth excluding Nordics

    Period endPeriodValueUnitSource
    2026-06-30quarter26.3percentDisclosure

    International oral smoke-free product shipment volume

    Period endPeriodValueUnitSource
    2026-06-30quarter1.6billion equivalent unitsDisclosure

    International total oral SFP volume growth

    Period endPeriodValueUnitSource
    2026-06-30quarter-7percentDisclosure

    Markets where BONDS devices and BLENDS consumables are available

    Period endPeriodValueUnitSource
    2026-06-30instant8marketsDisclosure

    Markets where PMI smoke-free products are available for sale

    Period endPeriodValueUnitSource
    2026-06-30instant109marketsDisclosure

    Markets where VEEV vaping products have launched/expanded

    Period endPeriodValueUnitSource
    2026-06-30instant51marketsDisclosure

    Markets where modern oral pouches are available

    Period endPeriodValueUnitSource
    2026-06-30instant61marketsDisclosure

    Marlboro cigarette category share

    Period endPeriodValueUnitSource
    2026-06-30quarter11percentDisclosure

    Oral smoke-free product shipment volume

    Period endPeriodValueUnitSource
    2026-06-30quarter5.1billion equivalent unitsDisclosure

    PMI international cigarette category volume share

    Period endPeriodValueUnitSource
    2026-06-30quarter25.3percentDisclosure

    Smoke-free product shipment volume

    Period endPeriodValueUnitSource
    2026-06-30quarter48.2billion equivalent unitsDisclosure

    Total shipment volume

    Period endPeriodValueUnitSource
    2026-06-30quarter205.2billion equivalent unitsDisclosure

    U.S. ZYN shipment volume

    Period endPeriodValueUnitSource
    2026-06-30quarter2.9billion pouchesDisclosure

    U.S. ZYN shipment volume growth

    Period endPeriodValueUnitSource
    2026-06-30quarter1.8percentDisclosure

    U.S. oral smoke-free product shipment volume

    Period endPeriodValueUnitSource
    2026-06-30quarter3.5billion equivalent unitsDisclosure

    U.S. oral smoke-free product shipment volume growth

    Period endPeriodValueUnitSource
    2026-06-30quarter1.8percentDisclosure

    U.S. smoke-free product shipment volume growth

    Period endPeriodValueUnitSource
    2026-06-30quarter1.8percentDisclosure

    VEEV Europe closed pod market position

    Period endPeriodValueUnitSource
    2026-06-30quarter1rankDisclosure

    VEEV shipment volume growth

    Period endPeriodValueUnitSource
    2026-06-30quarter55.1percentDisclosure

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q1 2026Quarterly · 2026-03-31ProductCombustible Tobacco Products5,767,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductSmoke Free Products4,379,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentInternational Combustibles5,688,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentInternational Smoke Free3,836,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentU.S.622,000,000USDDisclosure
    Q4 2025Quarterly · 2025-12-31ProductCombustible Tobacco Products6,008,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductSmoke Free Products4,353,000,000USDLegacy provider
    FY 2025Yearly · 2025-12-31ProductCombustible Tobacco Products23,794,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31ProductSmoke Free Products16,854,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30ProductCombustible Tobacco Products6,400,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30ProductSmoke Free Products4,445,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30ProductCombustible Tobacco Products5,979,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30ProductSmoke Free Products4,161,000,000USDDisclosure
    Q4 2024Quarterly · 2024-12-31ProductCombustible Tobacco Products5,819,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductSmoke Free Products3,887,000,000USDLegacy provider
    FY 2024Yearly · 2024-12-31ProductCombustible Tobacco Products23,218,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31ProductSmoke Free Products14,660,000,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30ProductCombustible Tobacco Products6,134,000,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30ProductSmoke Free Products3,777,000,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30ProductCombustible Tobacco Products5,858,000,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30ProductSmoke Free Products3,610,000,000USDDisclosure
    Q1 2024Quarterly · 2024-03-31ProductCombustible Tobacco Products5,407,000,000USDDisclosure
    Q1 2024Quarterly · 2024-03-31ProductSmoke Free Products3,386,000,000USDDisclosure
    FY 2023Yearly · 2023-12-31ProductCombustible Tobacco Products22,334,000,000USDDisclosure
    FY 2023Yearly · 2023-12-31ProductSmoke Free Products12,840,000,000USDDisclosure
    FY 2022Yearly · 2022-12-31ProductCombustible Tobacco Products21,572,000,000USDDisclosure
    FY 2022Yearly · 2022-12-31ProductSmoke Free Products10,190,000,000USDDisclosure
    FY 2022Yearly · 2022-12-31SegmentEast Asia And Australia5,132,000,000USD0001413329-23-000025
    FY 2022Yearly · 2022-12-31SegmentEastern Europe3,725,000,000USD0001413329-23-000025
    FY 2022Yearly · 2022-12-31SegmentEuropean Union12,119,000,000USD0001413329-23-000025
    FY 2022Yearly · 2022-12-31SegmentMiddle East And Africa3,901,000,000USD0001413329-23-000025
    FY 2022Yearly · 2022-12-31SegmentOther1,903,000,000USD0001413329-23-000025
    FY 2022Yearly · 2022-12-31SegmentSouth And Southeast Asia4,395,000,000USD0001413329-23-000025
    FY 2022Yearly · 2022-12-31SegmentSwedish Match AB316,000,000USD0001413329-23-000025
    FY 2022Yearly · 2022-12-31SegmentWellness And Healthcare271,000,000USD0001413329-23-000025
    Q3 2022Quarterly · 2022-09-30SegmentEast Asia Australia1,200,000,000USD0001413329-22-000114
    Q3 2022Quarterly · 2022-09-30SegmentEastern Europe1,109,000,000USD0001413329-22-000114
    Q3 2022Quarterly · 2022-09-30SegmentEuropean Union3,074,000,000USD0001413329-22-000114
    Q3 2022Quarterly · 2022-09-30SegmentMiddle East Africa980,000,000USD0001413329-22-000114
    Q3 2022Quarterly · 2022-09-30SegmentOther474,000,000USD0001413329-22-000114
    Q3 2022Quarterly · 2022-09-30SegmentSouth Southeast Asia1,138,000,000USD0001413329-22-000114
    Q3 2022Quarterly · 2022-09-30SegmentWellness And Healthcare57,000,000USD0001413329-22-000114
    Q2 2022Quarterly · 2022-06-30SegmentEast Asia Australia1,206,000,000USD0001413329-22-000072
    Q2 2022Quarterly · 2022-06-30SegmentEastern Europe898,000,000USD0001413329-22-000072
    Q2 2022Quarterly · 2022-06-30SegmentEuropean Union3,143,000,000USD0001413329-22-000072
    Q2 2022Quarterly · 2022-06-30SegmentMiddle East Africa1,006,000,000USD0001413329-22-000072
    Q2 2022Quarterly · 2022-06-30SegmentOther469,000,000USD0001413329-22-000072
    Q2 2022Quarterly · 2022-06-30SegmentSouth Southeast Asia1,034,000,000USD0001413329-22-000072
    Q2 2022Quarterly · 2022-06-30SegmentWellness And Healthcare76,000,000USD0001413329-22-000072
    FY 2021Yearly · 2021-12-31ProductCombustible Products22,190,000,000USD0001413329-22-000011
    FY 2021Yearly · 2021-12-31ProductOther100,000,000USD0001413329-22-000011
    FY 2021Yearly · 2021-12-31ProductReduced Risk Products9,115,000,000USD0001413329-22-000011
    FY 2021Yearly · 2021-12-31SegmentEast Asia And Australia5,953,000,000USD0001413329-23-000025
    FY 2021Yearly · 2021-12-31SegmentEastern Europe3,544,000,000USD0001413329-23-000025
    FY 2021Yearly · 2021-12-31SegmentEuropean Union12,275,000,000USD0001413329-23-000025
    FY 2021Yearly · 2021-12-31SegmentMiddle East And Africa3,293,000,000USD0001413329-23-000025
    FY 2021Yearly · 2021-12-31SegmentOther1,843,000,000USD0001413329-23-000025
    FY 2021Yearly · 2021-12-31SegmentSouth And Southeast Asia4,396,000,000USD0001413329-23-000025
    FY 2021Yearly · 2021-12-31SegmentSwedish Match AB0USD0001413329-23-000025
    FY 2021Yearly · 2021-12-31SegmentWellness And Healthcare101,000,000USD0001413329-23-000025
    Q3 2021Quarterly · 2021-09-30SegmentEast Asia Australia1,523,000,000USD0001413329-22-000114
    Q3 2021Quarterly · 2021-09-30SegmentEastern Europe941,000,000USD0001413329-22-000114
    Q3 2021Quarterly · 2021-09-30SegmentEuropean Union3,192,000,000USD0001413329-22-000114
    Q3 2021Quarterly · 2021-09-30SegmentMiddle East Africa945,000,000USD0001413329-22-000114
    Q3 2021Quarterly · 2021-09-30SegmentOther456,000,000USD0001413329-22-000114
    Q3 2021Quarterly · 2021-09-30SegmentSouth Southeast Asia1,065,000,000USD0001413329-22-000114
    Q3 2021Quarterly · 2021-09-30SegmentWellness And Healthcare0USD0001413329-22-000114
    Q2 2021Quarterly · 2021-06-30SegmentEast Asia Australia1,514,000,000USD0001413329-22-000072
    Q2 2021Quarterly · 2021-06-30SegmentEastern Europe895,000,000USD0001413329-22-000072
    Q2 2021Quarterly · 2021-06-30SegmentEuropean Union3,149,000,000USD0001413329-22-000072
    Q2 2021Quarterly · 2021-06-30SegmentMiddle East Africa560,000,000USD0001413329-22-000072
    Q2 2021Quarterly · 2021-06-30SegmentOther430,000,000USD0001413329-22-000072
    Q2 2021Quarterly · 2021-06-30SegmentSouth Southeast Asia1,046,000,000USD0001413329-22-000072
    Q2 2021Quarterly · 2021-06-30SegmentWellness And Healthcare0USD0001413329-22-000072
    Q1 2021Quarterly · 2021-03-31SegmentAll Other Segments434,000,000USD0001413329-22-000035
    Q1 2021Quarterly · 2021-03-31SegmentEast Asia Australia1,472,000,000USD0001413329-22-000035
    Q1 2021Quarterly · 2021-03-31SegmentEastern Europe796,000,000USD0001413329-22-000035
    Q1 2021Quarterly · 2021-03-31SegmentEuropean Union2,909,000,000USD0001413329-22-000035
    Q1 2021Quarterly · 2021-03-31SegmentMiddle East Africa801,000,000USD0001413329-22-000035
    Q1 2021Quarterly · 2021-03-31SegmentSouth Southeast Asia1,173,000,000USD0001413329-22-000035
    Q1 2021Quarterly · 2021-03-31GeographyEast Asia And Australia1,472,000,000USD0001413329-21-000025
    Q1 2021Quarterly · 2021-03-31GeographyEastern Europe796,000,000USD0001413329-21-000025
    Q1 2021Quarterly · 2021-03-31GeographyEuropean Union2,909,000,000USD0001413329-21-000025
    Q1 2021Quarterly · 2021-03-31GeographyLatin America And Canada434,000,000USD0001413329-21-000025
    Q1 2021Quarterly · 2021-03-31GeographyMiddle East And Africa801,000,000USD0001413329-21-000025
    Q1 2021Quarterly · 2021-03-31GeographySouth And Southeast Asia1,173,000,000USD0001413329-21-000025
    FY 2020Yearly · 2020-12-31ProductCombustible Products21,747,000,000USD0001413329-23-000025
    FY 2020Yearly · 2020-12-31ProductSmoke Free Products6,947,000,000USD0001413329-23-000025
    FY 2020Yearly · 2020-12-31SegmentEast Asia And Australia5,429,000,000USD0001413329-23-000025
    FY 2020Yearly · 2020-12-31SegmentEastern Europe3,378,000,000USD0001413329-23-000025
    FY 2020Yearly · 2020-12-31SegmentEuropean Union10,702,000,000USD0001413329-23-000025
    FY 2020Yearly · 2020-12-31SegmentMiddle East And Africa3,088,000,000USD0001413329-23-000025
    FY 2020Yearly · 2020-12-31SegmentOther1,701,000,000USD0001413329-23-000025
    FY 2020Yearly · 2020-12-31SegmentSouth And Southeast Asia4,396,000,000USD0001413329-23-000025
    FY 2020Yearly · 2020-12-31SegmentSwedish Match AB0USD0001413329-23-000025
    FY 2020Yearly · 2020-12-31SegmentWellness And Healthcare0USD0001413329-23-000025
    Q3 2020Quarterly · 2020-09-30SegmentEast Asia Australia1,358,000,000USD0001413329-21-000091
    Q3 2020Quarterly · 2020-09-30SegmentEastern Europe899,000,000USD0001413329-21-000091
    Q3 2020Quarterly · 2020-09-30SegmentEuropean Union2,950,000,000USD0001413329-21-000091
    Q3 2020Quarterly · 2020-09-30SegmentMiddle East Africa768,000,000USD0001413329-21-000091

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.