Philip Morris International Inc. (PM) FY2026 Q1 P&L / Income Statement

Philip Morris International Inc. (PM) FY2026 Q1 P&L / Income Statement

Income statement for 2026-01-01 through 2026-03-31. View: Business segment. Revenue and costs use their disclosed categories.

Net revenues (Note 13)

10,146,000,000 US dollars

Cost of sales (Note 1)

3,241,000,000 US dollars

Gross profit

6,905,000,000 US dollars

Operating expenses (calculated)

3,012,000,000 US dollars

Operating income

3,893,000,000 US dollars

Other income (expense), net (calculated)

negative 232,000,000 US dollars

Earnings before income taxes

3,661,000,000 US dollars

Provision for income taxes

676,000,000 US dollars

Net earnings

2,582,000,000 US dollars

International Smoke-Free revenue

3,836,000,000 US dollars

International Combustibles revenue

5,688,000,000 US dollars

U.S. Segment revenue

622,000,000 US dollars

International Smoke-Free cost of revenue

1,152,000,000 US dollars

International Combustibles cost of revenue

1,847,000,000 US dollars

U.S. Segment cost of revenue

242,000,000 US dollars

Marketing, administration and research costs (Notes 1 & 15)

2,857,000,000 US dollars

Corporate expenses and other (Note 1)

155,000,000 US dollars

Equity investments and securities (income)/loss, net (Note 13)

negative 403,000,000 US dollars. Reported below-tax contribution to net income.

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• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
• Of which attributable to Philip Morris International Inc.: $2.44 B; to noncontrolling interests: $144.00 M.