Revenue
11.4 billion USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 11438000000 USD Source
Annual consolidated revenue for 2025: about USD 40.65B, using the latest reported figures. The previous period, 2024, was about USD 37.88B.
11.4 billion USD
2026 Q3 · USD
42.54%
2026 Q3 · %
5.35 billion USD
2026 Q3 · USD
4.97 billion USD
2026 Q3 · USD
6683000000 USD
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
43.1 billion USD
2025-10-01 – 2026-09-30
10.7 billion USD
2025-10-01 – 2026-09-30
15.2 billion USD
2025-10-01 – 2026-09-30
1.56 billion USD
2025-10-01 – 2026-09-30
13.6 billion USD
2025-10-01 – 2026-09-30
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-23.
Financial data available through: 2025-12-31.
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Prior period
USD 37.88 billion
–
Current period
USD 40.65 billion
–
40648000000 − 37878000000 = 2770000000 USD
37878000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source40648000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
Prior period
USD 7.06 billion
–
Current period
USD 11.35 billion
–
11348000000 − 7057000000 = 4291000000 USD
7057000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source11348000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
Prior period
USD 12.22 billion
–
Current period
USD 12.23 billion
–
12233000000 − 12217000000 = 16000000 USD
12217000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source12233000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
Prior period
USD 1.44 billion
–
Current period
USD 1.57 billion
–
1569000000 − 1444000000 = 125000000 USD
1444000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source1569000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 26685000000 | 15782000000 Derived | 10903000000 | 3936000000 Derived | 6967000000 | 6905000000 Derived | Source
|
| 2017 2017-01-01 – 2017-12-31 | 28748000000 | 17167000000 Derived | 11581000000 | 5546000000 Derived | 6035000000 | 7364000000 Derived | Source
|
| 2018 2018-01-01 – 2018-12-31 | 29625000000 | 18248000000 Derived | 11377000000 | 3466000000 Derived | 7911000000 | 8042000000 Derived | Source
|
| 2019 2019-01-01 – 2019-12-31 | 29805000000 | 19274000000 Derived | 10531000000 | 3346000000 Derived | 7185000000 | 9238000000 Derived | Source
|
| 2020 2020-01-01 – 2020-12-31 | 28694000000 | 17026000000 Derived | 11668000000 | 3612000000 Derived | 8056000000 | 9210000000 Derived | Source
|
| 2021 2021-01-01 – 2021-12-31 | 31405000000 | 18430000000 Derived | 12975000000 | 3866000000 Derived | 9109000000 | 11219000000 Derived | Source
|
| 2022 2022-01-01 – 2022-12-31 | 31762000000 | 19516000000 Derived | 12246000000 | 3198000000 Derived | 9048000000 | 9726000000 Derived | Source
|
| 2023 2023-01-01 – 2023-12-31 | 35174000000 | 23618000000 Derived | 11556000000 | 3743000000 Derived | 7813000000 | 7883000000 Derived | Source
|
| 2024 2024-01-01 – 2024-12-31 | 37878000000 | 24476000000 Derived | 13402000000 | 6345000000 Derived | 7057000000 | 10773000000 Derived | Source
|
| 2025 2025-01-01 – 2025-12-31 | 40648000000 | 25756000000 Derived | 14892000000 | 3544000000 Derived | 11348000000 | 10664000000 Derived | Source
|
Amounts are exact, in USD.
Sales over time and how quickly they are changing.
Revenue reported for each complete financial period.
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 26685000000 |
|
| 2017 | Revenue | 28748000000 |
|
| 2018 | Revenue | 29625000000 |
|
| 2019 | Revenue | 29805000000 |
|
| 2020 | Revenue | 28694000000 |
|
| 2021 | Revenue | 31405000000 |
|
| 2022 | Revenue | 31762000000 |
|
| 2023 | Revenue | 35174000000 |
|
| 2024 | Revenue | 37878000000 |
|
| 2025 | Revenue | 40648000000 |
|
Change in revenue from the same financial period one year earlier.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | -63.9% |
|
| 2017 | Year over year | 7.7% |
|
| 2018 | Year over year | 3.1% |
|
| 2019 | Year over year | 0.6% |
|
| 2020 | Year over year | -3.7% |
|
| 2021 | Year over year | 9.4% |
|
| 2022 | Year over year | 1.1% |
|
| 2023 | Year over year | 10.7% |
|
| 2024 | Year over year | 7.7% |
|
| 2025 | Year over year | 7.3% |
|
How much revenue becomes profit, and how much cash operations generate.
Operating income, net income and free cash flow as a share of revenue.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | 40.9% |
|
| 2017 | Operating margin | 40.3% |
|
| 2018 | Operating margin | 38.4% |
|
| 2019 | Operating margin | 35.3% |
|
| 2020 | Operating margin | 40.7% |
|
| 2021 | Operating margin | 41.3% |
|
| 2022 | Operating margin | 38.6% |
|
| 2023 | Operating margin | 32.9% |
|
| 2024 | Operating margin | 35.4% |
|
| 2025 | Operating margin | 36.6% |
|
| 2016 | Net margin | 26.1% |
|
| 2017 | Net margin | 21% |
|
| 2018 | Net margin | 26.7% |
|
| 2019 | Net margin | 24.1% |
|
| 2020 | Net margin | 28.1% |
|
| 2021 | Net margin | 29% |
|
| 2022 | Net margin | 28.5% |
|
| 2023 | Net margin | 22.2% |
|
| 2024 | Net margin | 18.6% |
|
| 2025 | Net margin | 27.9% |
|
| 2016 | Free cash flow margin | 25.9% |
|
| 2017 | Free cash flow margin | 25.6% |
|
| 2018 | Free cash flow margin | 27.1% |
|
| 2019 | Free cash flow margin | 31% |
|
| 2020 | Free cash flow margin | 32.1% |
|
| 2021 | Free cash flow margin | 35.7% |
|
| 2022 | Free cash flow margin | 30.6% |
|
| 2023 | Free cash flow margin | 22.4% |
|
| 2024 | Free cash flow margin | 28.4% |
|
| 2025 | Free cash flow margin | 26.2% |
|
Cash generated by the company’s normal business operations.
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 8077000000 |
|
| 2017 | Operating cash flow | 8912000000 |
|
| 2018 | Operating cash flow | 9478000000 |
|
| 2019 | Operating cash flow | 10090000000 |
|
| 2020 | Operating cash flow | 9812000000 |
|
| 2021 | Operating cash flow | 11967000000 |
|
| 2022 | Operating cash flow | 10803000000 |
|
| 2023 | Operating cash flow | 9204000000 |
|
| 2024 | Operating cash flow | 12217000000 |
|
| 2025 | Operating cash flow | 12233000000 |
|
Operating cash flow minus capital expenditure for the same period and unit.
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | 6905000000 |
|
| 2017 | Free cash flow | 7364000000 |
|
| 2018 | Free cash flow | 8042000000 |
|
| 2019 | Free cash flow | 9238000000 |
|
| 2020 | Free cash flow | 9210000000 |
|
| 2021 | Free cash flow | 11219000000 |
|
| 2022 | Free cash flow | 9726000000 |
|
| 2023 | Free cash flow | 7883000000 |
|
| 2024 | Free cash flow | 10773000000 |
|
| 2025 | Free cash flow | 10664000000 |
|
Liabilities and short-term ability to meet obligations at each period end.
Total liabilities as a share of total assets.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Liabilities / assets | 129.6% |
|
| 2017 | Liabilities / assets | 123.8% |
|
| 2018 | Liabilities / assets | 127% |
|
| 2019 | Liabilities / assets | 122.4% |
|
| 2020 | Liabilities / assets | 123.7% |
|
| 2021 | Liabilities / assets | 119.9% |
|
| 2022 | Liabilities / assets | 110.2% |
|
| 2023 | Liabilities / assets | 114.5% |
|
| 2024 | Liabilities / assets | 116% |
|
| 2025 | Liabilities / assets | 111.6% |
|
Current assets divided by current liabilities.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Current assets / current liabilities | 1.07× |
|
| 2017 | Current assets / current liabilities | 1.35× |
|
| 2018 | Current assets / current liabilities | 1.13× |
|
| 2019 | Current assets / current liabilities | 1.09× |
|
| 2020 | Current assets / current liabilities | 1.1× |
|
| 2021 | Current assets / current liabilities | 0.92× |
|
| 2022 | Current assets / current liabilities | 0.72× |
|
| 2023 | Current assets / current liabilities | 0.75× |
|
| 2024 | Current assets / current liabilities | 0.88× |
|
| 2025 | Current assets / current liabilities | 0.96× |
|
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 6.97 billion Exact valueExact value: 6967000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 8.08 billion Exact valueExact value: 8077000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.17 billion Exact valueExact value: 1172000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 6.91 billion Calculation and evidence8077000000 − 1172000000 USD Exact free cash flow: 6905000000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2017 2017-01-01 – 2017-12-31 | USD 6.04 billion Exact valueExact value: 6035000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 8.91 billion Exact valueExact value: 8912000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.55 billion Exact valueExact value: 1548000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 7.36 billion Calculation and evidence8912000000 − 1548000000 USD Exact free cash flow: 7364000000 USD
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| 2018 2018-01-01 – 2018-12-31 | USD 7.91 billion Exact valueExact value: 7911000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 9.48 billion Exact valueExact value: 9478000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.44 billion Exact valueExact value: 1436000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 8.04 billion Calculation and evidence9478000000 − 1436000000 USD Exact free cash flow: 8042000000 USD
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| 2019 2019-01-01 – 2019-12-31 | USD 7.19 billion Exact valueExact value: 7185000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 10.09 billion Exact valueExact value: 10090000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 852 million Exact valueExact value: 852000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 9.24 billion Calculation and evidence10090000000 − 852000000 USD Exact free cash flow: 9238000000 USD
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| 2020 2020-01-01 – 2020-12-31 | USD 8.06 billion Exact valueExact value: 8056000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 9.81 billion Exact valueExact value: 9812000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 602 million Exact valueExact value: 602000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 9.21 billion Calculation and evidence9812000000 − 602000000 USD Exact free cash flow: 9210000000 USD
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| 2021 2021-01-01 – 2021-12-31 | USD 9.11 billion Exact valueExact value: 9109000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 11.97 billion Exact valueExact value: 11967000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 748 million Exact valueExact value: 748000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 11.22 billion Calculation and evidence11967000000 − 748000000 USD Exact free cash flow: 11219000000 USD
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| 2022 2022-01-01 – 2022-12-31 | USD 9.05 billion Exact valueExact value: 9048000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 10.8 billion Exact valueExact value: 10803000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.08 billion Exact valueExact value: 1077000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 9.73 billion Calculation and evidence10803000000 − 1077000000 USD Exact free cash flow: 9726000000 USD
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| 2023 2023-01-01 – 2023-12-31 | USD 7.81 billion Exact valueExact value: 7813000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 9.2 billion Exact valueExact value: 9204000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.32 billion Exact valueExact value: 1321000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 7.88 billion Calculation and evidence9204000000 − 1321000000 USD Exact free cash flow: 7883000000 USD
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| 2024 2024-01-01 – 2024-12-31 | USD 7.06 billion Exact valueExact value: 7057000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 12.22 billion Exact valueExact value: 12217000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.44 billion Exact valueExact value: 1444000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 10.77 billion Calculation and evidence12217000000 − 1444000000 USD Exact free cash flow: 10773000000 USD
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| 2025 2025-01-01 – 2025-12-31 | USD 11.35 billion Exact valueExact value: 11348000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 12.23 billion Exact valueExact value: 12233000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.57 billion Exact valueExact value: 1569000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 10.66 billion Calculation and evidence12233000000 − 1569000000 USD Exact free cash flow: 10664000000 USD
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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
119 filings · 10,973 latest values · 10,973 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001413329, 1413329, PM, edgar:1413329
Also known as PHILIP MORRIS INTERNATIONAL INC., Philip Morris International Inc.