# Philip Morris International Inc. (PM) FY2026 YTD Q2 P&L / Income Statement

- Company: Philip Morris International Inc. (PM)
- Period: 2026-01-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-07-24, accession number 0001628280-26-049493
- Page: https://plicit.ai/financials/pm/fy2026-ytd-q2-income-statement
- Chart image: https://plicit.ai/charts/pm-fy2026-ytd-q2-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2026-01-01 through 2026-06-30. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues (Note 13)**: 21,338,000,000 US dollars
- **Cost of sales (Note 1)**: 6,774,000,000 US dollars
- **Gross profit**: 14,564,000,000 US dollars
- **Operating expenses (calculated)**: 6,141,000,000 US dollars
- **Operating income**: 8,423,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 470,000,000 US dollars
- **Earnings before income taxes**: 7,953,000,000 US dollars
- **Provision for income taxes**: 1,631,000,000 US dollars
- **Net earnings**: 5,567,000,000 US dollars
- **Smoke-Free Products**: 9,024,000,000 US dollars
- **Combustible Tobacco Products**: 12,314,000,000 US dollars
- **Marketing, administration and research costs (Notes 1 & 15)**: 5,838,000,000 US dollars
- **Impairment of goodwill (Note 5)**: 0 US dollars
- **Corporate expenses and other (Note 1)**: 303,000,000 US dollars
- **Impairment related to the RBH equity investment (Note 13)**: negative 511,000,000 US dollars. Reported below-tax contribution to net income.
- **Equity investments and securities (income)/loss, net (Note 13)**: negative 244,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- 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.: $5.26 B; to noncontrolling interests: $312.00 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/pm/fy2026-ytd-q2-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/pm-fy2026-ytd-q2-revenue-by-business-segment-sankey.png

Income statement for 2026-01-01 through 2026-06-30. View: Business segment. Revenue and costs use their disclosed categories.

- **Net revenues (Note 13)**: 21,338,000,000 US dollars
- **Cost of sales (Note 1)**: 6,774,000,000 US dollars
- **Gross profit**: 14,564,000,000 US dollars
- **Operating expenses (calculated)**: 6,141,000,000 US dollars
- **Operating income**: 8,423,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 470,000,000 US dollars
- **Earnings before income taxes**: 7,953,000,000 US dollars
- **Provision for income taxes**: 1,631,000,000 US dollars
- **Net earnings**: 5,567,000,000 US dollars
- **International Smoke-Free revenue**: 7,713,000,000 US dollars
- **International Combustibles revenue**: 12,147,000,000 US dollars
- **U.S. Segment revenue**: 1,478,000,000 US dollars
- **International Smoke-Free cost of revenue**: 2,313,000,000 US dollars
- **International Combustibles cost of revenue**: 3,917,000,000 US dollars
- **U.S. Segment cost of revenue**: 544,000,000 US dollars
- **Marketing, administration and research costs (Notes 1 & 15)**: 5,838,000,000 US dollars
- **Impairment of goodwill (Note 5)**: 0 US dollars
- **Corporate expenses and other (Note 1)**: 303,000,000 US dollars
- **Impairment related to the RBH equity investment (Note 13)**: negative 511,000,000 US dollars. Reported below-tax contribution to net income.
- **Equity investments and securities (income)/loss, net (Note 13)**: negative 244,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- 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.: $5.26 B; to noncontrolling interests: $312.00 M.

## Chart details: Revenue by Business Segment by Product and Service

- Page: https://plicit.ai/financials/pm/fy2026-ytd-q2-income-statement/revenue-by-business-segment-by-product-and-service
- Chart image: https://plicit.ai/charts/pm-fy2026-ytd-q2-revenue-by-business-segment-by-product-and-service-sankey.png

Income statement for 2026-01-01 through 2026-06-30. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues (Note 13)**: 21,338,000,000 US dollars
- **Cost of sales (Note 1)**: 6,774,000,000 US dollars
- **Gross profit**: 14,564,000,000 US dollars
- **Operating expenses (calculated)**: 6,141,000,000 US dollars
- **Operating income**: 8,423,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 470,000,000 US dollars
- **Earnings before income taxes**: 7,953,000,000 US dollars
- **Provision for income taxes**: 1,631,000,000 US dollars
- **Net earnings**: 5,567,000,000 US dollars
- **International Combustibles - Combustible Tobacco Products**: 12,147,000,000 US dollars
- **International Smoke-Free - Smoke-Free Products**: 7,713,000,000 US dollars
- **U.S. Segment - Combustible Tobacco Products**: 167,000,000 US dollars
- **U.S. Segment - Smoke-Free Products**: 1,311,000,000 US dollars
- **Marketing, administration and research costs (Notes 1 & 15)**: 5,838,000,000 US dollars
- **Impairment of goodwill (Note 5)**: 0 US dollars
- **Corporate expenses and other (Note 1)**: 303,000,000 US dollars
- **Impairment related to the RBH equity investment (Note 13)**: negative 511,000,000 US dollars. Reported below-tax contribution to net income.
- **Equity investments and securities (income)/loss, net (Note 13)**: negative 244,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- 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.: $5.26 B; to noncontrolling interests: $312.00 M.