Philip Morris International (PM) Gross Margin (2009 - 2026)
Philip Morris International (PM) posted Gross Margin of 68.43% for Q2 2026, up 0.55% sequentially from 68.06% in Q1 2026, and up 72.0% YoY from 39.79% in Q2 2025.
Philip Morris International (PM) Gross Margin (2009 - 2026) Analysis & Trends
Philip Morris International has reported Gross Margin for 18 years, with the latest figure at 68.43% in Q2 2026.
- Quarterly Gross Margin rose 72.0% year-over-year to 68.43% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 67.51% (up 104.0% YoY) and the FY2025 annual result came in at 67.12%, up 231.0% from the prior year.
- Gross Margin rose to 68.43% in Q2 2026 per PM's latest filing, from 68.06% in the prior quarter.
- Over five years, Gross Margin peaked at 68.43% in Q2 2026 and troughed at 26.57% in Q1 2022.
- A 5-year average of 63.01% and a median of 65.05% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin surged 7827 bps in 2022, then sank 219 bps in 2023.
- Over 5 years, Gross Margin stood at 60.61% in 2022, then increased by 2 bps to 61.73% in 2023, then grew by 5 bps to 64.73% in 2024, then grew by 1 bps to 65.64% in 2025, then climbed by 4 bps to 68.43% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 68.43%, 68.06%, and 65.64% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 298.83 Bn | 292.83 Bn | 7.66 Bn | 68.43% |
| 2 | British American Tobacco p.l.c | 122.98 Bn | 119.29 Bn | - | - |
| 3 | Altria | 111.97 Bn | 109.61 Bn | 3.82 Bn | 62.51% |
| 4 | RLX Technology | 2.22 Bn | 1.48 Bn | 52.74 Mn | 35.41% |
| 5 | Turning Point Brands | 1.73 Bn | 1.46 Bn | 93.70 Mn | 65.55% |
| 6 | Universal | 1.15 Bn | 869.50 Mn | 83.09 Mn | 15.86% |
| 7 | Ispire Technology | 87.09 Mn | 67.86 Mn | 1.99 Mn | 10.65% |
| 8 | Rythm | 45.53 Mn | 3.62 Mn | 18.54 Mn | 80.52% |
| 9 | Greenlane Holdings | 14.10 Mn | -10.40 Mn | 32,000.00 | 39.02% |
| 10 | VPR Brands | 9.14 Mn | 6.80 Mn | 161,075.00 | 22.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 68.43% |
| Mar 31, 2026 | 68.06% |
| Dec 31, 2025 | 65.64% |
| Sep 30, 2025 | 67.85% |
| Jun 30, 2025 | 67.71% |
| 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% |