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-$270.39M-23.8%

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 ratio+0.1×

Where this comes from

Reported directly by Philip Morris International in its filing.

Tagged under the XBRL concept us-gaap:RetainedEarningsAccumulatedDeficit.

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 itemJune 30,2026December 31,2025
STOCKHOLDERS’ (DEFICIT) EQUITY
Common stock, no par value (2,109,316,331 shares issued in 2026 and 2025)
Additional paid-in capital2,4772,453
Earnings reinvested in the business36,05535,400
Accumulated other comprehensive losses (Note 12)(11,656)(12,296)
26,87625,557
Less: cost of repurchased stock (550,713,450 and 552,659,642 shares in 2026 and 2025, respectively)35,45935,551
Total PMI stockholders’ deficit(8,583)(9,994)

Item 1. Financial Statements (Unaudited)

FAQ

What is Philip Morris International's retained earnings?
Philip Morris International (PM) reported retained earnings of $36.06B in Q2 2026.
How has Philip Morris International's retained earnings changed year-over-year?
Philip Morris International's retained earnings increased by 4.9% year-over-year, from $34.38B to $36.06B.
What is the long-term trend for Philip Morris International's retained earnings?
Over 5 years (2020 to 2025), Philip Morris International's retained earnings has grown at a 2.3% compound annual growth rate (CAGR), from $31.64B to $35.4B.
What does retained earnings mean?
Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

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