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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%
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$302.53B+18.4%
Enterprise value$345.71B+14.1%
P/E27.8×-1.2×
P/S7.1×+0.6×

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:NetIncomeLoss.

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 Three Months Ended June 30, 2026For the Three Months Ended June 30, 2025
Impairment related to the RBH equity investment (Note 13)511
Equity investments and securities (income)/loss, net (Note 13)(159)(376)
Net earnings2,9853,148
Net earnings attributable to noncontrolling interests168109
Net earnings attributable to PMI$2,817$3,039
Per share data (Note 7):
Basic earnings per share$1.80$1.95
Diluted earnings per share$1.80$1.95

Item 1. Financial Statements (Unaudited)

FAQ

What is Philip Morris International's net income?
Philip Morris International (PM) reported net income of $2.82B in Q2 2026.
How has Philip Morris International's net income changed year-over-year?
Philip Morris International's net income decreased by 7.3% year-over-year, from $3.04B to $2.82B.
What is the long-term trend for Philip Morris International's net income?
Over 4 years (2021 to 2025), Philip Morris International's net income has grown at a 5.6% compound annual growth rate (CAGR), from $9.11B to $11.35B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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