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Other financials

Income statement

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Revenue$11.2B+10.4%
Gross profit$7.7B+11.6%
Operating income$4.5B+22.0%
Net income$2.8B-7.3%
EPS (diluted)$1.80-7.7%

Balance sheet

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Cash & equivalents$6.0B+44.3%
Total debt$49.2B-4.5%
Total equity-$8.6B+28.3%
Total assets$68.3B-0.3%

Cash flow

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Operating cash flow$5.5B+61.0%
CapEx$380.0M+6.7%
Free cash flow$5.1B+67.3%

Valuation

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Market cap$295.47B+11.4%
Enterprise value$338.65B+8.4%
P/E27.2×-2.9×
P/S6.9×+0.2×

Profitability

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Gross margin67.5%+1.1pp
Operating margin37.7%+1.5pp
Net margin25.6%+3.0pp
FCF margin29.9%+6.9pp

Returns & leverage

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Return on equity-105.8%
Debt / equity-5.7×
Current ratio+0.1×

Where this comes from

Reported directly by Philip Morris International in its filing.

Tagged under the XBRL concept us-gaap:EmployeeRelatedLiabilitiesCurrent.

The source filing: Philip Morris International’s 10-Q, filed July 24, 2026.

Filed
Jul 24, 2026, 6:44 AM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001628280-26-049493
Line itemJune 30,2026December 31,2025
Accrued liabilities:
Marketing and selling1,3481,354
Taxes, except income taxes6,5727,555
Employment costs1,2931,545
Dividends payable2,3142,312
Other3,2733,298
Income taxes1,0761,255
Total current liabilities26,54225,427

Item 1. Financial Statements (Unaudited)

FAQ

What is Philip Morris International's accrued expenses?
Philip Morris International (PM) reported accrued expenses of $1.29B in Q2 2026.
How has Philip Morris International's accrued expenses changed year-over-year?
Philip Morris International's accrued expenses decreased by 63.6% year-over-year, from $3.56B to $1.29B.
What is the long-term trend for Philip Morris International's accrued expenses?
Over 5 years (2020 to 2025), Philip Morris International's accrued expenses has grown at a 9.2% compound annual growth rate (CAGR), from $2.12B to $3.3B.
What does accrued expenses mean?
Expenses incurred but not yet paid or invoiced — interest accruals, tax accruals, warranty reserves, and other timing differences.

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