Other
Notional
Philip Morris International Notional increased by 8.3% to $54.18B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.3%, from $48.68B to $54.18B. Over 4 years (FY 2021 to FY 2025), Notional shows an upward trend with a 24.6% CAGR.
Analysis
StatementBalance Sheet Statement
SectionOther
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ4 2021
Last reportedQ1 2026Apr 24, 2026
How to read this metric
An increase suggests higher market exposure or hedging activity, while a decrease may indicate reduced trading volume or risk appetite.
Detailed definition
The total face or contract value of derivative instruments, representing the underlying principal upon which payments ar...
Peer comparison
Standard across large financial institutions; peers often disclose this by product type (interest rate, FX, credit).
Metric ID:
other_derivative_notional_amountHistorical Data
16 periods
| Q4 '21 | 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 | $20.74B | $38.10B | $40.40B | $43.60B | $41.14B | $37.10B | $43.27B | $40.11B | $41.38B | $50.39B | $44.10B | $48.68B | $52.25B | $52.84B | $50.04B | $54.18B |
| QoQ Change | — | +83.7% | +6.0% | +7.9% | -5.6% | -9.8% | +16.6% | -7.3% | +3.2% | +21.8% | -12.5% | +10.4% | +7.3% | +1.1% | -5.3% | +8.3% |
| YoY Change | — | — | +94.8% | — | — | -2.6% | +7.1% | -8.0% | +0.6% | +35.8% | +1.9% | +21.4% | +26.3% | +4.8% | +13.5% | +11.3% |
Range$20.74B – $54.18B
CAGR+29.2%
Avg YoY Growth+17.2%
Median YoY Growth+9.2%
Notional at Other Companies
Frequently Asked Questions
- What is Philip Morris International's notional?
- Philip Morris International (PM) reported notional of $54.18B in Q1 2026.
- How has Philip Morris International's notional changed year-over-year?
- Philip Morris International's notional increased by 11.3% year-over-year, from $48.68B to $54.18B.
- What is the long-term trend for Philip Morris International's notional?
- Over 4 years (2021 to 2025), Philip Morris International's notional has grown at a 24.6% compound annual growth rate (CAGR), from $20.74B to $50.04B.
- What does notional mean?
- The total underlying principal value of all derivative contracts held by the bank.