Total Operating Expenses

Operating Expenses

Philip Morris International Total Operating Expenses remained flat by 0.0% to $3.09B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 10.8%, from $2.79B to $3.09B. Over 2 years (FY 2023 to FY 2025), Total Operating Expenses shows an upward trend with a 10.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2007
Last reportedQ4 2025

How to read this metric

Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.

Detailed definition

The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...

Peer comparison

Investors compare this to revenue to assess the 'operating leverage' of a business model.

Metric ID: is_total_operating_expenses

Historical Data

3 years
 FY'23FY'24FY'25
Value$10.06B$11.15B$12.35B
YoY Change—+10.8%+10.8%
Range$10.06B – $12.35B
CAGR+10.8%
Avg YoY Growth+10.8%
Median YoY Growth+10.8%
Current Streak2+ years growth

Frequently Asked Questions

What is Philip Morris International's total operating expenses?
Philip Morris International (PM) reported total operating expenses of $3.09B in Q4 2025.
How has Philip Morris International's total operating expenses changed year-over-year?
Philip Morris International's total operating expenses increased by 10.8% year-over-year, from $2.79B to $3.09B.
What is the long-term trend for Philip Morris International's total operating expenses?
Over 2 years (2023 to 2025), Philip Morris International's total operating expenses has grown at a 10.8% compound annual growth rate (CAGR), from $10.06B to $12.35B.
What does total operating expenses mean?
The total cost of running the day-to-day business, excluding the direct cost of making products.

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