Philip Morris International (PM) Total Debt (2009 - 2026)
Philip Morris International (PM) recorded Total Debt of $49.11 billion in Q2 2026, down 4.6% from $51.46 billion a year earlier and down 5.5% from the prior quarter.
Powered by 
Analysis
Philip Morris International (PM) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Philip Morris International reported Total Debt of $48.84 billion, up 6.9% from FY2024.
- Annual Total Debt has a five-year compound annual growth rate of 9.1% (FY2020 to FY2025).
- Across earlier years, Total Debt came in at $45.7 billion in FY2024 (-4.6%), $47.91 billion in FY2023 (+11.1%), $43.12 billion in FY2022 (+55.1%) and $27.81 billion in FY2021 (-11.8%).
- Quarterly Total Debt has ranged from $27.22 billion in Q3 2022 to $51.95 billion in Q1 2026 over the past five years.
- On a year-over-year basis, Total Debt rose in five of the last eight quarters, with growth averaging 1.3%.
- Peak year-over-year performance for Total Debt in the last five years was growth of 75.3% in Q3 2023, against a decline of 11.8% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $51.95 billion (Q1 2026), $48.84 billion (Q4 2025) and $50.08 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 49.11 Bn |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | 89.79 Bn |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 24.58 Bn |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 611.54 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 24.26 Mn |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | 93.57 Mn |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 283.01 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 | 294.15 Mn |
| 10 | Verano Holdings | 877.15 Mn | 550.77 Mn | 99.70 Mn | 392.61 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.11 Bn |
| Mar 31, 2026 | 51.95 Bn |
| Dec 31, 2025 | 48.84 Bn |
| Sep 30, 2025 | 50.08 Bn |
| Jun 30, 2025 | 51.46 Bn |
| Mar 31, 2025 | 49.58 Bn |
| Dec 31, 2024 | 45.70 Bn |
| Sep 30, 2024 | 49.22 Bn |
| Jun 30, 2024 | 49.14 Bn |
| Mar 31, 2024 | 50.39 Bn |
| Dec 31, 2023 | 47.91 Bn |
| Sep 30, 2023 | 47.72 Bn |
| Jun 30, 2023 | 47.89 Bn |
| Mar 31, 2023 | 47.12 Bn |
| Dec 31, 2022 | 43.12 Bn |
| Sep 30, 2022 | 27.22 Bn |
| Jun 30, 2022 | 28.05 Bn |
| Mar 31, 2022 | 29.36 Bn |
| Dec 31, 2021 | 27.81 Bn |
| Sep 30, 2021 | 29.11 Bn |
API Access
Philip Morris International Total Debt 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=total-debt&ticker=PM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=PM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();