What does international smoke-free — currency mean?

This metric quantifies the impact of foreign exchange rate fluctuations on the financial results of the international smoke-free segment. It captures the translation and transaction effects when converting local currency revenues and expenses into the reporting currency. Monitoring this helps isolate operational performance from the volatility of global currency markets.

Philip Morris International (PM) International Smoke-Free — Currency

Screener

Other segment segments

International Combustibles

-$62M—

Similar metrics at other companies

GPCInternational Automotive — Foreign currency translation

$36.03M+247%

CARInternational — Currency translation adjustments and other

$14M+307%

APDEurope — Currency translation

-$11.2M—

APDAmericas — Currency translation

$2.7M+164%

APDAsia — Currency translation

-$500K+68.8%

GPCIndustrial — Foreign currency translation

$2.49M+160%

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$295.47B+11.4%

Enterprise value$338.65B+8.4%

P/E27.2×-2.9×

P/S6.9×+0.2×

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 ratio1×+0.1×

Where this comes from

Reported directly by Philip Morris International in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments.

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

(in millions)	International Smoke-Free	International Combustibles	U.S. (a)	Total
Balances, December 31, 2025	$3,913	$4,862	$8,489	$17,264
Changes due to:
Currency	(186)	(152)	(9)	(347)
Balances, June 30, 2026	$3,727	$4,710	$8,480	$16,917

Item 1. Financial Statements (Unaudited)

FAQ

What is Philip Morris International's international smoke-free — currency?: Philip Morris International (PM) reported international smoke-free — currency of -$89M in Q2 2026.
What does international smoke-free — currency mean?: This metric quantifies the impact of foreign exchange rate fluctuations on the financial results of the international smoke-free segment. It captures the translation and transaction effects when converting local currency revenues and expenses into the reporting currency. Monitoring this helps isolate operational performance from the volatility of global currency markets.