Operating Income
Philip Morris International Operating Income increased by 15.4% to $3.89B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.8%, from $3.54B to $3.89B. Over 4 years (FY 2021 to FY 2025), Operating Income shows an upward trend with a 3.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
operating_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $3.89B |
| 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% | +15.4% |
| 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% | +9.8% |
Business Segments
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Europe | $1.41B | $1.62B | $1.77B | $1.75B | $1.44B | $1.67B | $2.15B | $1.91B |
| SSEA, CIS & MEA | $772.00M | $891.00M | $960.00M | $806.00M | $920.00M | $1.00B | $1.24B | $941.00M |
| EA, AU & PMI GTR | — | — | — | — | $913.00M | $853.00M | $846.00M | $514.00M |
| Americas | $99.00M | $183.00M | $137.00M | $129.00M | $274.00M | $191.00M | $32.00M | $8.00M |
| EA, AU & PMI DF | $763.00M | $753.00M | $788.00M | $574.00M | — | — | — | — |
| Wellness and Healthcare | -$45.00M | -$43.00M | -$251.00M | -$52.00M | — | — | — | — |
| Total | $3.05B | $3.44B | $3.65B | $3.26B | $3.54B | $3.71B | $4.26B | $3.37B |
Americas, EA, AU & PMI DF, EA, AU & PMI GTR, Europe, SSEA, CIS & MEA, Swedish Match, Wellness and Healthcare were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Operating Income at Other Companies
Frequently Asked Questions
- What is Philip Morris International's operating income?
- Philip Morris International (PM) reported operating income of $3.89B in Q1 2026.
- How has Philip Morris International's operating income changed year-over-year?
- Philip Morris International's operating income increased by 9.8% year-over-year, from $3.54B to $3.89B.
- 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?
- The profit a company makes from its core business operations before interest and taxes.