KPIs & Operating Metrics(New)
Growth Metrics

Philip Morris International (PM) Operating Margin (2016 - 2026)

Philip Morris International's Operating Margin history spans 18 years, with the latest figure at 38.37% for Q1 2026.

  • On a quarterly basis, Operating Margin rose 27.0% to 38.37% in Q1 2026 year-over-year; TTM through Mar 2026 was 36.73%, a 52.0% increase, with the full-year FY2025 number at 36.64%, up 125.0% from a year prior.
  • Operating Margin hit 38.37% in Q1 2026 for Philip Morris International, up from 32.55% in the prior quarter.
  • Over the last five years, Operating Margin for PM hit a ceiling of 39.31% in Q3 2025 and a floor of 17.05% in Q1 2022.
  • Historically, Operating Margin has averaged 34.52% across 5 years, with a median of 36.38% in 2024.
  • The widest YoY moves for Operating Margin: up 4570bps in 2022, down -123293bps in 2022.
  • Tracing PM's Operating Margin over 5 years: stood at 35.87% in 2022, then dropped by -11bps to 31.93% in 2023, then grew by 5bps to 33.58% in 2024, then dropped by -3bps to 32.55% in 2025, then rose by 18bps to 38.37% in 2026.
  • Business Quant data shows Operating Margin for PM at 38.37% in Q1 2026, 32.55% in Q4 2025, and 39.31% in Q3 2025.