Philip Morris International (PM) Operating Income (2009 - 2026)
Philip Morris International (PM) reported Operating Income of $4.53 billion for Q2 2026, up 22.0% from $3.71 billion a year earlier and up 16.4% from the prior quarter.
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Analysis
Philip Morris International (PM) Operating Income (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Philip Morris International's Operating Income came in at $16.06 billion, up 13.3% year-over-year; for FY2025, it was $14.89 billion, up 11.1% from FY2024.
- Operating Income has a five-year compound annual growth rate of 5.0% (FY2020 to FY2025).
- By year, Operating Income came in at $13.4 billion in FY2024 (+16.0%), $11.56 billion in FY2023 (-5.6%), $12.25 billion in FY2022 (-5.6%) and $12.98 billion in FY2021 (+11.2%).
- The Q2 2026 figure ranks as the highest quarterly Operating Income in data going back to Q1 2009.
- Year over year, Operating Income has now increased in each of the last ten quarters, with growth averaging 12.2% over the last eight quarters.
- The high point for year-over-year Operating Income in five years was Q2 2024 (growth of 34.2%); the low point was Q1 2023 (a decline of 17.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $3.89 billion (Q1 2026), $3.37 billion (Q4 2025) and $4.26 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 4.53 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 | 3.14 Bn |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 4.22 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 19.22 Mn |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | -370.52 Mn |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 19.97 Mn |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 7.40 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | 16.71 Mn |
| 10 | Verano Holdings | 877.15 Mn | 550.77 Mn | 99.70 Mn | 3.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.53 Bn |
| Mar 31, 2026 | 3.89 Bn |
| Dec 31, 2025 | 3.37 Bn |
| Sep 30, 2025 | 4.26 Bn |
| Jun 30, 2025 | 3.71 Bn |
| Mar 31, 2025 | 3.54 Bn |
| Dec 31, 2024 | 3.26 Bn |
| Sep 30, 2024 | 3.65 Bn |
| Jun 30, 2024 | 3.44 Bn |
| Mar 31, 2024 | 3.05 Bn |
| Dec 31, 2023 | 2.89 Bn |
| Sep 30, 2023 | 3.37 Bn |
| Jun 30, 2023 | 2.57 Bn |
| Mar 31, 2023 | 2.73 Bn |
| Dec 31, 2022 | 2.92 Bn |
| Sep 30, 2022 | 2.97 Bn |
| Jun 30, 2022 | 3.06 Bn |
| Mar 31, 2022 | 3.30 Bn |
| Dec 31, 2021 | 2.95 Bn |
| Sep 30, 2021 | 3.46 Bn |
API Access
Philip Morris International Operating Income 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=operating-income&ticker=PM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=PM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();