Philip Morris International (PM) Notes Payables (2009 - 2026)
Philip Morris International's Notes Payables came in at $3.34 billion for Q2 2026, up 31.5% from $2.54 billion a year earlier but down 41.3% from the prior quarter.
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Analysis
Philip Morris International (PM) Notes Payables (2009 - 2026) Analysis & Trends
At the end of FY2025, Philip Morris International's Notes Payables was $168 million, up 22.6% from FY2024.
- Notes Payables carries a five-year compound annual growth rate of -7.2% (FY2020 to FY2025).
- Going back by year, Notes Payables was $137 million in FY2024 (-93.0%), $1.97 billion in FY2023 (-65.1%), $5.64 billion in FY2022 and $225 million in FY2021 (-7.8%).
- The five-year range for quarterly Notes Payables is $137 million (Q4 2024) to $5.69 billion (Q1 2026).
- Year-over-year, Notes Payables has increased for three consecutive quarters, with an average decline of 20.7% over the last five quarters.
- The fastest year-over-year change in Notes Payables over five years came in Q2 2023 (growth of 164.5%), and the weakest in Q2 2024 (a decline of 96.6%).
- Business Quant data shows PM's Notes Payables at $5.69 billion (Q1 2026), $168 million (Q4 2025) and $1.88 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn |
| 10 | Verano Holdings | 877.15 Mn | 550.77 Mn | 99.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.34 Bn |
| Mar 31, 2026 | 5.69 Bn |
| Dec 31, 2025 | 168.00 Mn |
| Sep 30, 2025 | 1.88 Bn |
| Jun 30, 2025 | 2.54 Bn |
| Mar 31, 2025 | 4.44 Bn |
| Dec 31, 2024 | 137.00 Mn |
| Sep 30, 2024 | 152.00 Mn |
| Jun 30, 2024 | 139.00 Mn |
| Mar 31, 2024 | 279.00 Mn |
| Dec 31, 2023 | 1.97 Bn |
| Sep 30, 2023 | 2.15 Bn |
| Jun 30, 2023 | 4.12 Bn |
| Mar 31, 2023 | 4.80 Bn |
| Dec 31, 2022 | 5.64 Bn |
| Sep 30, 2022 | 2.82 Bn |
| Jun 30, 2022 | 1.56 Bn |
| Mar 31, 2022 | 2.44 Bn |
| Dec 31, 2021 | 225.00 Mn |
| Sep 30, 2021 | 223.00 Mn |
API Access
Philip Morris International Notes Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=notes-payables&ticker=PM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "notes-payables", "ticker": "PM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=notes-payables&ticker=PM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();