Philip Morris International (PM) Tax Rate (2009 - 2026)
Philip Morris International (PM) posted Tax Rate of 22.25% for Q2 2026, up 20.5% sequentially from 18.46% in Q1 2026, and up 321.0% YoY from 5.29% in Q2 2025.
Philip Morris International (PM) Tax Rate (2009 - 2026) Analysis & Trends
Philip Morris International has reported Tax Rate for 18 years, with the latest figure at 22.25% in Q2 2026.
- Quarterly Tax Rate rose 321.0% year-over-year to 22.25% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 20.22% (down 208.0% YoY) and the FY2025 annual result came in at 19.72%, down 501.0% from the prior year.
- Tax Rate rose to 22.25% in Q2 2026 per PM's latest filing, from 18.46% in the prior quarter.
- Over five years, Tax Rate peaked at 33.25% in Q3 2023 and troughed at 12.27% in Q4 2023.
- A 5-year average of 21.33% and a median of 20.81% in 2022 frame the typical range for Tax Rate.
- The widest YoY moves for Tax Rate: up 1762 bps in 2024, down 1194 bps in 2024.
- Over 5 years, Tax Rate stood at 14.89% in 2022, then slipped by 18 bps to 12.27% in 2023, then jumped by 144 bps to 29.89% in 2024, then declined by 28 bps to 21.46% in 2025, then climbed by 4 bps to 22.25% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 22.25%, 18.46%, and 21.46% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 298.83 Bn | 292.83 Bn | 7.66 Bn | 22.25% |
| 2 | British American Tobacco p.l.c | 122.98 Bn | 119.29 Bn | - | - |
| 3 | Altria | 111.97 Bn | 109.61 Bn | 3.82 Bn | 21.54% |
| 4 | RLX Technology | 2.22 Bn | 1.48 Bn | 52.74 Mn | -10.07% |
| 5 | Turning Point Brands | 1.73 Bn | 1.46 Bn | 93.70 Mn | 26.34% |
| 6 | Universal | 1.15 Bn | 869.50 Mn | 83.09 Mn | 35.12% |
| 7 | Ispire Technology | 87.09 Mn | 67.86 Mn | 1.99 Mn | -1.90% |
| 8 | Rythm | 45.53 Mn | 3.62 Mn | 18.54 Mn | 5,738.10% |
| 9 | Greenlane Holdings | 14.10 Mn | -10.40 Mn | 32,000.00 | 0.02% |
| 10 | VPR Brands | 9.14 Mn | 6.80 Mn | 161,075.00 | 87.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.25% |
| Jun 30, 2026 | 22.25% |
| Jun 30, 2026 | 22.25% |
| Mar 31, 2026 | 18.46% |
| Mar 31, 2026 | 18.46% |
| Mar 31, 2026 | 18.46% |
| Dec 31, 2025 | 21.46% |
| Dec 31, 2025 | 21.46% |
| Dec 31, 2025 | 21.46% |
| Sep 30, 2025 | 18.69% |
| Sep 30, 2025 | 18.69% |
| Sep 30, 2025 | 18.69% |
| Jun 30, 2025 | 19.04% |
| Jun 30, 2025 | 19.04% |
| Jun 30, 2025 | 19.04% |
| Mar 31, 2025 | 20.02% |
| Mar 31, 2025 | 20.02% |
| Mar 31, 2025 | 20.02% |
| Dec 31, 2024 | 29.89% |
| Dec 31, 2024 | 29.89% |