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Philip Morris International PM Total Operating Expenses

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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$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 pm:MarketingAdministrationAndResearchCosts.

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
Net revenues 1 & 2 (Note 13)$11,192$10,140
Cost of sales (Note 1)3,5333,274
Gross profit7,6596,866
Marketing, administration and research costs (Notes 1 & 15)2,9812,988
Impairment of goodwill (Note 5)41
Corporate expenses and other (Note 1)148125
Operating income4,5303,712
Interest expense, net243277

Item 1. Financial Statements (Unaudited)

FAQ

What is Philip Morris International's total operating expenses?
Philip Morris International (PM) reported total operating expenses of $2.98B in Q2 2026.
How has Philip Morris International's total operating expenses changed year-over-year?
Philip Morris International's total operating expenses decreased by 4.1% year-over-year, from $3.11B to $2.98B.
What is the long-term trend for Philip Morris International's total operating expenses?
Over 4 years (2021 to 2025), Philip Morris International's total operating expenses has grown at a 10.4% compound annual growth rate (CAGR), from $8.3B to $12.35B.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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