Philip Morris International PM
NYSE PM
$185.69 +0.96 (+0.52%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Philip Morris International's (PM) quarterly Gross Margin came in at 68.43% in Q2 2026, up 72.0% year-over-year from 39.79% in Q2 2025, and up 0.55% quarter-over-quarter from 68.06% in Q1 2026.

Analysis

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 68.43% for Q2 2026.

  • In Q2 2026, Gross Margin rose 72.0% year-over-year to 68.43%; the TTM figure through Jun 2026 stood at 67.51% (up 104.0% YoY), while the FY2025 annual figure was 67.12%, up 231.0% from the prior year.
  • Gross Margin came in at 68.43% for Q2 2026 at Philip Morris International, up from 68.06% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 68.43% in Q2 2026 to a low of 26.57% in Q1 2022.
  • Average Gross Margin over 5 years is 63.01%, with a median of 65.05% recorded in 2023.
  • Year-over-year, Gross Margin jumped 7827 bps in 2022 and plunged 219 bps in 2023.
  • Over 5 years, 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 gained by 4 bps to 68.43% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 68.43% in Q2 2026, 68.06% in Q1 2026, and 65.64% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Philip Morris International 284.46 Bn 280.39 Bn 7.66 Bn 68.43%
2 British American Tobacco p.l.c 126.98 Bn 123.54 Bn - -
3 Altria 115.00 Bn 112.68 Bn 3.82 Bn 62.51%
4 RLX Technology 2.79 Bn 2.09 Bn 52.74 Mn 35.41%
5 Turning Point Brands 1.51 Bn 1.26 Bn 93.70 Mn 65.55%
6 VPR Brands 7.34 Mn 5.00 Mn 161,075.00 22.89%
7 22nd Century 512,640.46 -5.55 Mn -293,000.00 -10.23%
8 Cirtran 197,816.68 -168,530.32 619,024.00 52.83%
Historic Data

Historic Data

Download Data
DateValue
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%