Philip Morris International (PM) Tax Rate (2009 - 2026)

Philip Morris International (PM) has 18 years of Tax Rate data on file, last reported at 18.46% in Q1 2026.

• Quarterly Tax Rate fell 156.0% year-over-year to 18.46% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 19.33% (down 419.0% YoY) and the FY2025 annual result came in at 19.72%, down 501.0% from the prior year.
• Tax Rate fell to 18.46% in Q1 2026 per PM's latest filing, from 21.46% in the prior quarter.
• The five-year high for Tax Rate was 33.25% in Q3 2023, with the low at 12.27% in Q4 2023.
• Average Tax Rate over 5 years is 21.28%, with a median of 20.31% recorded in 2022.
• The widest YoY moves for Tax Rate: up 1762 bps in 2024, down 1194 bps in 2024.
• Philip Morris International's Tax Rate stood at 14.89% in 2022, then dropped by 18 bps to 12.27% in 2023, then surged by 144 bps to 29.89% in 2024, then fell by 28 bps to 21.46% in 2025, then dropped by 14 bps to 18.46% in 2026.
• Business Quant data shows PM's Tax Rate at 18.46% in Q1 2026, 21.46% in Q4 2025, and 18.69% in Q3 2025.