Philip Morris International Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $40.65B | $37.88B | $35.17B | $31.76B | $31.41B | $28.69B | $29.81B | $29.63B |
| Cost of Revenue | $13.37B | $13.33B | $12.89B | $11.40B | $10.03B | $9.57B | $10.51B | $10.76B |
| Gross Profit | $27.28B | $24.55B | $22.28B | $20.36B | $21.38B | $19.13B | $19.29B | $18.87B |
| Gross Margin | 67.1% | 64.8% | 63.3% | 64.1% | 68.1% | 66.7% | 64.7% | 63.7% |
| Operating Expenses | ||||||||
| Research & Development | $756.0M | $759.0M | $709.0M | $642.0M | $617.0M | $495.0M | $465.0M | $383.0M |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $14.89B | $13.40B | $11.56B | $12.25B | $12.98B | $11.67B | $10.53B | $11.38B |
| Operating Margin | 36.6% | 35.4% | 32.9% | 38.6% | 41.3% | 40.7% | 35.3% | 38.4% |
| Interest Expense | — | — | $1.53B | $768.0M | $737.0M | $728.0M | $796.0M | $855.0M |
| Pretax Income | $13.88B | $12.20B | $10.45B | $11.63B | $12.23B | $10.95B | $9.87B | $10.67B |
| Income Tax Expense | $2.74B | $3.02B | $2.34B | $2.24B | $2.67B | $2.38B | $2.29B | $2.45B |
| Net Income | $11.35B | $7.06B | $7.81B | $9.05B | $9.11B | $8.06B | $7.19B | $7.91B |
| Net Margin | 27.9% | 18.6% | 22.2% | 28.5% | 29.0% | 28.1% | 24.1% | 26.7% |
| EPS (Basic) | $7.27 | $4.53 | $5.02 | $5.82 | $5.83 | $5.16 | $4.61 | $5.08 |
| EPS (Diluted) | $7.26 | $4.52 | $5.02 | $5.81 | $5.83 | $5.16 | $4.61 | $5.08 |
| Shares Outstanding (Basic) | 1.56B | 1.55B | 1.55B | 1.55B | 1.56B | 1.56B | 1.56B | 1.56B |
| Shares Outstanding (Diluted) | 1.56B | 1.56B | 1.55B | 1.55B | 1.56B | 1.56B | 1.56B | 1.56B |
| Dividends Per Share | $5.64 | $5.30 | $5.14 | $5.04 | $4.90 | $4.74 | $4.62 | $4.49 |