The financials
Philip Morris International by the numbers
Philip Morris International (PM) reported revenue of $11.2B in Q2 2026 (quarter ended Jun 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 Q2 2026 was International Combustibles at $6.46B, 58% of the disclosed total, well ahead of International Smoke Free at 35%.
| 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 | $6.46B | 58% |
| International Smoke Free | $3.88B | 35% |
| U.S.Segment | $856M | 7.6% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $11.19B (+10%)
International Smoke Free grew +14% year on yearU.S.Segment -0.70% year on year
Segment Latestquarter on quarteryear on year
- International Combustibles$6.46B$6.46BQoQ +14%year on year +9.8%+14%+9.8%
- International Smoke Free$3.88B$3.88BQoQ +1.1%year on year +14%+1.1%+14%
- U.S.Segment$856.0M$856.0MQoQ +38%year on year -0.70%+38%-0.70%
Consumer Defensive
Ranks #22 of 110 by Smart Score