Deferred Taxes
Philip Morris International Deferred Taxes increased by 83.8% to -$67.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from -$67.00M to -$67.00M. Over 2 years (FY 2022 to FY 2025), Deferred Taxes shows a downward trend with a 90.3% CAGR.
Analysis
How to read this metric
Positive values indicate tax benefits that improve cash flow, while negative values indicate cash tax outflows exceeding accounting expense.
Detailed definition
This reflects the difference between income tax expense recognized in the financial statements and the actual tax payabl...
Peer comparison
Common across all industries; highly dependent on specific tax jurisdictions and capital expenditure cycles.
deferred_income_taxesHistorical Data
| Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$20.00M | -$1.00M | -$87.00M | -$58.00M | -$88.00M | -$96.00M | -$115.00M | $245.00M | -$364.00M | $76.00M | -$143.00M | -$67.00M | -$207.00M | -$159.00M | -$414.00M | -$67.00M |
| QoQ Change | — | +95.0% | <-999% | +33.3% | -51.7% | -9.1% | -19.8% | +313.0% | -248.6% | +120.9% | -288.2% | +53.1% | -209.0% | +23.2% | -160.4% | +83.8% |
| YoY Change | — | — | — | -190.0% | — | <-999% | -32.2% | +522.4% | -313.6% | +179.2% | +60.7% | -188.2% | — | — | -189.5% | +0.0% |
Geographic Breakdown
| Segment | Q1 '25 | Q2 '25 | Q3 '25 |
|---|---|---|---|
| Germany | -$22.25M | -$22.25M | -$22.25M |
| Indonesia | $9.75M | $9.75M | $9.75M |
| Total | -$67.00M | -$207.00M | -$159.00M |
Germany, Indonesia are derived from annual filings.
Germany, Indonesia, RUSSIAN FEDERATION were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Deferred Taxes at Other Companies
Frequently Asked Questions
- What is Philip Morris International's deferred taxes?
- Philip Morris International (PM) reported deferred taxes of -$67.00M in Q1 2026.
- How has Philip Morris International's deferred taxes changed year-over-year?
- Philip Morris International's deferred taxes decreased by 0.0% year-over-year, from -$67.00M to -$67.00M.
- What is the long-term trend for Philip Morris International's deferred taxes?
- Over 2 years (2022 to 2025), Philip Morris International's deferred taxes has grown at a 90.3% compound annual growth rate (CAGR), from -$234.00M to -$847.00M.
- What does deferred taxes mean?
- The difference between tax reported on the income statement and actual cash taxes paid.