What is Philip Morris International's deferred tax assets?

Philip Morris International (PM) reported deferred tax assets of $1.25B in Q4 2025.

How has Philip Morris International's deferred tax assets changed year-over-year?

Philip Morris International's deferred tax assets increased by 32.7% year-over-year, from $940.00M to $1.25B.

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?

A tax overpayment or credit that the company can use to lower its tax bill in the future.

Deferred Tax Assets

Non-Current Assets

Philip Morris International Deferred Tax Assets increased by 18.0% to $1.25B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 32.7%, from $940.00M to $1.25B. Over 5 years (FY 2020 to FY 2025), Deferred Tax Assets shows a downward trend with a -2.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryRisk

SignalHigher is better

VolatilityModerate

First reportedQ4 2009

Last reportedQ3 2025

How to read this metric

An increase suggests the company has more 'tax shields' to protect future earnings, while a valuation allowance against them would signal doubt about future profitability.

Detailed definition

An asset on the balance sheet that results from overpayment or advance payment of taxes, or from carryforwards of losses...

Peer comparison

Companies with significant R&D operations typically carry higher deferred tax assets due to government incentives for innovation.

Metric ID: deferred_tax_assets

Historical Data

19 periods

	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
Value	$1.11B	$1.08B	$895.00M	$694.00M	$714.00M	$682.00M	$603.00M	$585.00M	$574.00M	$577.00M	$814.00M	$950.00M	$918.00M	$1.01B	$940.00M	$1.29B	$1.11B	$1.06B	$1.25B
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%
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%

Range$574.00M – $1.29B

CAGR+2.6%

Avg YoY Growth+12.4%

Median YoY Growth+15.5%

Frequently Asked Questions

What is Philip Morris International's deferred tax assets?: Philip Morris International (PM) reported deferred tax assets of $1.25B in Q4 2025.
How has Philip Morris International's deferred tax assets changed year-over-year?: Philip Morris International's deferred tax assets increased by 32.7% year-over-year, from $940.00M to $1.25B.
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?: A tax overpayment or credit that the company can use to lower its tax bill in the future.