Operating Income

Operating Income

Philip Morris International Operating Income decreased by 20.9% to $3.37B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.5%, from $3.26B to $3.37B. Over 4 years (FY 2021 to FY 2025), Operating Income shows an upward trend with a 3.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2007
Last reportedQ4 2025

How to read this metric

Growth in operating income suggests that the company is becoming more profitable in its primary business activities.

Detailed definition

The profit realized from a business's own operations after deducting all operating expenses, including COGS, R&D, and SG...

Peer comparison

This is a key metric for comparing the operational performance of companies with different debt levels.

Metric ID: is_operating_income

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$3.13B$3.46B$2.95B$3.30B$3.06B$2.97B$2.92B$2.73B$2.57B$3.37B$2.89B$3.05B$3.44B$3.65B$3.26B$3.54B$3.71B$4.26B$3.37B
QoQ Change+10.4%-14.7%+11.9%-7.3%-2.9%-1.5%-6.6%-6.0%+31.3%-14.3%+5.4%+13.1%+6.1%-10.8%+8.7%+4.7%+14.8%-20.9%
YoY Change-2.3%-14.1%-0.8%-17.2%-16.0%+13.5%-1.2%+11.5%+34.2%+8.4%+12.8%+16.4%+7.8%+16.7%+3.5%
Range$2.57B$4.26B
CAGR+1.7%
Avg YoY Growth+4.9%
Median YoY Growth+7.8%

Business Segments

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Frequently Asked Questions

What is Philip Morris International's operating income?
Philip Morris International (PM) reported operating income of $3.37B in Q4 2025.
How has Philip Morris International's operating income changed year-over-year?
Philip Morris International's operating income increased by 3.5% year-over-year, from $3.26B to $3.37B.
What is the long-term trend for Philip Morris International's operating income?
Over 4 years (2021 to 2025), Philip Morris International's operating income has grown at a 3.5% compound annual growth rate (CAGR), from $12.98B to $14.89B.
What does operating income mean?
Profit earned from core business activities, before taxes and interest.

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