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Philip Morris International PM U.S. — Net revenues

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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) / For the Three Months Ended June 30, 2026International Smoke-FreeInternational CombustiblesU.S.Total
Net revenues$3,877$6,459$856$11,192
Cost of sales(1,161)(2,071)(301)(3,533)
Gross profit$2,716$4,388$555$7,659
For the Three Months Ended June 30, 2025
Net revenues$3,395$5,883$862$10,140
Cost of sales(1,076)(1,947)(252)(3,274)
Gross profit$2,319$3,936$611$6,866

Item 1. Financial Statements (Unaudited)

FAQ

What is Philip Morris International's U.S. — net revenues?
Philip Morris International (PM) reported U.S. — net revenues of $856M in Q2 2026.
What does U.S. — net revenues mean?
This represents the total gross sales generated from operations within the U.S. market, adjusted for returns, allowances, and excise taxes. It serves as a primary indicator of market demand and the successful adoption of the company's product portfolio in the region. This metric is fundamental for evaluating the scale and growth trajectory of the U.S. business segment.

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