Philip Morris International Inc. (PM)
Philip Morris International Inc. brought in $42.5B of revenue over the twelve months to June 30, 2026, up 8.9% from a year earlier. Net income was $10.9B, a net margin of 25.6%. Operating cash flow minus capital spending left $10.7B of free cash flow in fiscal 2025. At June 30, 2026 it held $6B in cash against $45.8B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 24, 2026.
Key facts about Philip Morris International Inc.
- Net worth
- Philip Morris International Inc. has a market value (market cap) of $314.8B at the latest share price, and shareholders' equity of -$8.6B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $40.6B (+7.3% year on year), with net income of $11.3B. Over the 12 months to June 30, 2026: revenue $42.5B, net income $10.9B.
- Cash flow
- In fiscal 2025 operations brought in $12.2B of cash; after $1.6B of capital spending, free cash flow was $10.7B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 24, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Philip Morris International Inc.'s next report is expected around October 13, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Philip Morris International Inc. declared dividends of $5.64 per share in fiscal 2025, a yield of 2.79% at the current price.
What Philip Morris International Inc. does
Philip Morris International manufactures and sells cigarettes, smoke-free tobacco products, and nicotine pouches. Its customers are adult consumers and tobacco retailers outside the United States. It is best known for cigarette brands such as Marlboro and heated tobacco systems such as IQOS. Its shares trade on NYSE under the ticker PM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $40.6B | $11.3B | $7.26 | $10.7B |
| 2024 | $37.9B | $7.1B | $4.52 | $10.8B |
| 2023 | $35.2B | $7.8B | $5.02 | $7.9B |
| 2022 | $80.7B | $9B | $5.81 | $9.7B |
| 2021 | $82.2B | $9.1B | $5.83 | $11.2B |
| 2020 | $76B | $8.1B | $5.16 | $9.2B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where PM ranks in Health care
Dividends
Philip Morris International Inc. declared $5.64 per share in fiscal 2025. At the current price that is a yield of 2.79%. It paid out $8.6B in cash dividends, 76% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $5.64 | $8.6B | 76% |
| 2024 | $5.30 | $8.2B | 116% |
| 2023 | $5.14 | $8B | 102% |
| 2022 | $5.04 | $7.8B | 86% |
| 2021 | $4.90 | $7.6B | 83% |
| 2020 | $4.74 | $7.4B | 91% |
Latest SEC filings
What Philip Morris International Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 18, 2026
- September 8, 2026
- September 8, 2026
- August 24, 2026
- August 3, 2026Delisting notice 25-NSE
- July 24, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 10% to $11.2B versus the same quarter last year; diluted EPS $1.80 versus $1.95.
- July 22, 2026
- July 9, 2026
- June 29, 2026Other event 8-K
- June 29, 2026
What is PM worth? A DCF from its reported cash flow
Insider trades
What the people running Philip Morris International Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| May 6, 2026 | Yanai ShlomoDirector | Received as pay | 1,119 | $190.2K |
| May 6, 2026 | Calantzopoulos AndreDirector | Received as pay | 1,119 | $190.2K |
| May 6, 2026 | Hook LisaDirector | Received as pay | 1,119 | $190.2K |
| May 6, 2026 | Bough BoninDirector | Received as pay | 1,119 | $190.2K |
| May 6, 2026 | Polet RobertDirector | Received as pay | 1,119 | $190.2K |
| May 6, 2026 | Harker Victoria DDirector | Received as pay | 1,119 | $190.2K |
| May 6, 2026 | Morparia KalpanaDirector | Received as pay | 1,119 | $190.2K |
| May 6, 2026 | Geissler WernerDirector | Received as pay | 1,119 | $190.2K |
Who owns PM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.48% | April 30, 2026 |
| Capital Research Global Investors13G, passive | 5.1% | May 14, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,921 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Capital World Investors | 133,152,391 | -298,113 |
| BlackRock, Inc. | 108,039,522 | +507,449 |
| Vanguard Capital Management LLC | 101,785,557 | +629,283 |
| Capital Research Global Investors | 84,253,663 | +4,430,638 |
| Capital International Investors | 72,252,261 | -509,051 |
| State Street Corp | 55,569,994 | +536,968 |
| Jpmorgan Chase & Co | 48,189,101 | -3,402,096 |
| Fmr LLC | 46,521,326 | +1,750,723 |
| GQG Partners LLC | 45,436,985 | -4,668,915 |
| Geode Capital Management, LLC | 39,038,598 | +577,415 |
| Vanguard Portfolio Management LLC | 30,281,680 | +704,227 |
| Morgan Stanley | 25,493,502 | +1,087,798 |
| Franklin Resources Inc | 19,334,764 | +2,720,390 |
| Wellington Management Group Llp | 17,506,171 | +650,587 |
| Bank of America Corp | 16,998,878 | -231,791 |
| Invesco Ltd. | 16,080,112 | +21,503 |
| Northern Trust Corp | 13,974,918 | -462,305 |
| Charles Schwab Investment Management Inc | 13,649,748 | +100,167 |
| First Eagle Investment Management, LLC | 11,850,936 | +5,958,478 |
| Bank of New York Mellon Corp | 11,669,878 | +2,755,662 |
Insiders
15 insiders reported holding 1,841,243 shares in total, about $371.9M at the last price.
| Holder | Shares |
|---|---|
| Olczak JacekGroup CEO PMI, Director | 632,344 |
| Calantzopoulos AndreDirector | 588,782 |
| Babeau EmmanuelGroup Chief Financial Officer | 164,463 |
| De Wilde FredericCEO PMI International | 133,513 |
| Geissler WernerDirector | 98,356 |
| Kennedy StaceyCEO PMI U.S. | 45,301 |
| Guerin YannGroup Chief Legal Officer | 34,412 |
| Polet RobertDirector | 29,765 |
| Dobrowolski ReginaldoGroup Controller | 28,4147,232 held indirectly |
| Morparia KalpanaDirector | 28,236 |
Questions about PM
What does Philip Morris International Inc. do?
Philip Morris International manufactures and sells cigarettes, smoke-free tobacco products, and nicotine pouches. Its customers are adult consumers and tobacco retailers outside the United States. It is best known for cigarette brands such as Marlboro and heated tobacco systems such as IQOS. Its shares trade on NYSE under the ticker PM.
What is Philip Morris International Inc.'s net worth?
Philip Morris International Inc. has a market value (market cap) of $314.8B at the latest share price, and shareholders' equity of -$8.6B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Philip Morris International Inc. profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $10.9B on revenue of $42.5B, a net margin of 25.6%.
How much revenue does Philip Morris International Inc. make?
Over the twelve months to June 30, 2026 Philip Morris International Inc. reported revenue of $42.5B. That is 8.9% more than a year earlier.
When did Philip Morris International Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 24, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the investor disclosure from September 18, 2026.
When is Philip Morris International Inc.'s next earnings report?
Philip Morris International Inc.'s next report is expected around October 13, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Philip Morris International Inc. pay a dividend?
Yes. Philip Morris International Inc. declared dividends of $5.64 per share in fiscal 2025, a yield of 2.79% at the current price.
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Where the numbers come from
Financial figures are the values Philip Morris International Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.