Philip Morris International (PM) Gross Margin (2009 - 2026)

Philip Morris International's (PM) quarterly Gross Margin came in at 68.06% in Q1 2026, up 64.0% year-on-year from 41.5% in Q1 2025, and up 3.68% quarter-over-quarter from 65.64% in Q4 2025.

Philip Morris International (PM) Gross Margin (2009 - 2026) Analysis & Trends

Philip Morris International has disclosed Gross Margin across 18 years of filings, most recently posting 68.06% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 68.06%, up 64.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 67.3% (up 160.0% YoY), and the FY2025 annual result was 67.12%, up 231.0% from the prior year.
  • Gross Margin came in at 68.06% for Q1 2026 at Philip Morris International, up from 65.64% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 68.06% in Q1 2026 to a low of 26.57% in Q1 2022.
  • The 5-year median for Gross Margin is 64.73% (2024), against an average of 62.69%.
  • Peak annual rise in Gross Margin reached 7827 bps in 2022, while the deepest fall reached 206430 bps in 2022.
  • Philip Morris International's Gross Margin stood at 60.61% in 2022, then climbed by 2 bps to 61.73% in 2023, then advanced by 5 bps to 64.73% in 2024, then advanced by 1 bps to 65.64% in 2025, then rose by 4 bps to 68.06% in 2026.
  • The last three Gross Margin figures came in at 68.06% (Q1 2026), 65.64% (Q4 2025), and 67.85% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Philip Morris International 277.78 Bn 274.30 Bn 6.91 Bn 68.06%
2 Altria 120.77 Bn 117.29 Bn 3.51 Bn 64.59%
3 British American Tobacco p.l.c 45.84 Bn 40.53 Bn - -
4 Turning Point Brands 1.66 Bn 1.49 Bn 68.30 Mn 54.95%
5 Universal 1.35 Bn 1.30 Bn 98.47 Mn 13.77%
6 RLX Technology 355.86 Mn -269.04 Mn 73.10 Mn 31.80%
7 Ispire Technology 97.40 Mn 79.11 Mn 1.99 Mn 10.65%
8 Rythm 54.37 Mn 21.11 Mn 10.40 Mn 78.26%
9 Greenlane Holdings 11.69 Mn -26.54 Mn 217,000.00 48.44%
10 22nd Century 2.50 Mn -7.04 Mn -636,000.00 -15.49%

Historic Data

Download Data
DateValue
Mar 31, 2026 68.06%
Dec 31, 2025 65.64%
Sep 30, 2025 67.85%
Jun 30, 2025 67.66%
Mar 31, 2025 67.41%
Dec 31, 2024 64.73%
Sep 30, 2024 66.04%
Jun 30, 2024 64.67%
Mar 31, 2024 63.66%
Dec 31, 2023 61.73%
Sep 30, 2023 65.38%
Jun 30, 2023 64.00%
Mar 31, 2023 62.11%
Dec 31, 2022 60.61%
Sep 30, 2022 63.46%
Jun 30, 2022 66.19%
Mar 31, 2022 26.57%
Dec 31, 2021 -17.66%
Sep 30, 2021 25.56%
Jun 30, 2021 2,130.49%