Philip Morris International (PM) Cost of Revenue (2009 - 2026)
Philip Morris International (PM) reported Cost of Revenue of $3.2 billion for Q1 2026, up 6.93% on a YoY basis from $3.0 billion in Q1 2025, and down 8.96% sequentially from $3.6 billion in Q4 2025.
Philip Morris International (PM) Cost of Revenue (2009 - 2026) Analysis & Trends
Philip Morris International (PM) has 18 years of Cost of Revenue data on file, last reported at $3.2 billion in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 6.93% year-over-year to $3.2 billion; the trailing twelve-month figure through Mar 2026 stood at $13.6 billion (up 3.05% YoY), and the FY2025 full-year result was $13.4 billion, changed 0.28% from the prior year.
- Cost of Revenue fell to $3.2 billion in Q1 2026, from $3.6 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $3.6 billion in Q4 2025 to a low of $2.6 billion in Q1 2022.
- A 5-year average of $3.2 billion and a median of $3.2 billion in 2023 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue rose 21.9% in 2023 and dropped 5.13% in 2025, its largest moves.
- Tracing PM's Cost of Revenue over 5 years: stood at $3.2 billion in 2022, then climbed by 7.82% to $3.5 billion in 2023, then fell by 1.13% to $3.4 billion in 2024, then advanced by 4.0% to $3.6 billion in 2025, then decreased by 8.96% to $3.2 billion in 2026.
- Business Quant data shows PM's Cost of Revenue at $3.2 billion in Q1 2026, $3.6 billion in Q4 2025, and $3.5 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 300.23 Bn | 294.78 Bn | 6.91 Bn | 3.24 Bn |
| 2 | British American Tobacco p.l.c | 133.32 Bn | 128.01 Bn | - | - |
| 3 | Altria | 121.70 Bn | 118.17 Bn | 3.51 Bn | 670.00 Mn |
| 4 | RLX Technology | 2.50 Bn | 1.83 Bn | 73.10 Mn | 139.96 Mn |
| 5 | Turning Point Brands | 1.47 Bn | 1.43 Bn | 68.30 Mn | 55.98 Mn |
| 6 | Universal | 1.35 Bn | 1.11 Bn | 98.47 Mn | 616.77 Mn |
| 7 | Ispire Technology | 89.38 Mn | 71.30 Mn | 1.99 Mn | 16.69 Mn |
| 8 | Rythm | 42.81 Mn | 9.55 Mn | 10.40 Mn | 2.89 Mn |
| 9 | VPR Brands | 11.01 Mn | 8.30 Mn | 138,574.00 | 441,497.00 |
| 10 | Greenlane Holdings | 8.50 Mn | -29.73 Mn | 217,000.00 | 231,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.24 Bn |
| Mar 31, 2026 | 3.24 Bn |
| Dec 31, 2025 | 3.56 Bn |
| Dec 31, 2025 | 3.56 Bn |
| Sep 30, 2025 | 3.49 Bn |
| Sep 30, 2025 | 3.49 Bn |
| Jun 30, 2025 | 3.28 Bn |
| Jun 30, 2025 | 3.28 Bn |
| Mar 31, 2025 | 3.03 Bn |
| Mar 31, 2025 | 3.03 Bn |
| Dec 31, 2024 | 3.42 Bn |
| Dec 31, 2024 | 3.42 Bn |
| Sep 30, 2024 | 3.37 Bn |
| Sep 30, 2024 | 3.37 Bn |
| Jun 30, 2024 | 3.35 Bn |
| Jun 30, 2024 | 3.35 Bn |
| Mar 31, 2024 | 3.20 Bn |
| Mar 31, 2024 | 3.20 Bn |
| Dec 31, 2023 | 3.46 Bn |
| Dec 31, 2023 | 3.46 Bn |