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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$294.47B+13.3%
Enterprise value$337.66B+9.9%
P/E27.1×-2.4×
P/S6.9×+0.3×

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:InterestIncomeExpenseNonoperatingNet.

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 itemFor the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025
Impairment of goodwill (Note 5)41
Corporate expenses and other (Note 1)303423
Operating income8,4237,256
Interest expense, net480518
Pension and other employee benefit (income) costs (Note 4)(10)23
Earnings before income taxes7,9536,715
Provision for income taxes1,6311,311
Impairment related to the RBH equity investment (Note 13)511

Item 1. Financial Statements (Unaudited)

FAQ

What is Philip Morris International's interest expense?
Philip Morris International (PM) reported interest expense of -$243M in Q2 2026.
How has Philip Morris International's interest expense changed year-over-year?
Philip Morris International's interest expense increased by 12.3% year-over-year, from -$277M to -$243M.
What is the long-term trend for Philip Morris International's interest expense?
Over 4 years (2021 to 2025), Philip Morris International's interest expense has grown at a 11.4% compound annual growth rate (CAGR), from -$628M to -$966M.
What does interest expense mean?
Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

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