Deferred Tax Assets
Philip Morris International Deferred Tax Assets decreased by 105.4% to -$67M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 105.2%, from $1.29B to -$67M. Over 5 years (FY 2020 to FY 2025), Deferred Tax Assets shows a downward trend with a -2.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase may signal future tax savings, while a significant valuation allowance against these assets could indicate doubt about future profitability.
Detailed definition
These are future tax benefits arising from temporary differences between the book value of assets/liabilities and their...
Peer comparison
Standard accounting item; compared to peers to evaluate tax planning efficiency and future tax liabilities.
deferred_tax_assetsHistorical 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 | $1.11B | $1.08B | $895M | $694M | $714M | $682M | $603M | $585M | $574M | $577M | $814M | $950M | $918M | $1.01B | $940M | $1.29B | $1.11B | $1.06B | $1.25B | -$67M |
| QoQ Change | — | -2.6% | -17.4% | -22.5% | +2.9% | -4.5% | -11.6% | -3.0% | -1.9% | +0.5% | +41.1% | +16.7% | -3.4% | +10.2% | -7.1% | +36.9% | -13.7% | -4.9% | +18.0% | -105.4% |
| YoY Change | — | — | — | — | -35.8% | -37.0% | -32.6% | -15.7% | -19.6% | -15.4% | +35.0% | +62.4% | +59.9% | +75.4% | +15.5% | +35.5% | +21.0% | +4.4% | +32.7% | -105.2% |
Deferred Tax Assets at Other Companies
Frequently Asked Questions
- What is Philip Morris International's deferred tax assets?
- Philip Morris International (PM) reported deferred tax assets of -$67M in Q1 2026.
- How has Philip Morris International's deferred tax assets changed year-over-year?
- Philip Morris International's deferred tax assets decreased by 105.2% year-over-year, from $1.29B to -$67M.
- What is the long-term trend for Philip Morris International's deferred tax assets?
- Over 5 years (2020 to 2025), Philip Morris International's deferred tax assets has grown at a -2.4% compound annual growth rate (CAGR), from $1.41B to $1.25B.
- What does deferred tax assets mean?
- Future tax savings that the company expects to realize due to accounting differences or tax credits.