Philip Morris International (PM) Stock Buyback History
TTM buyback yield N/A.
TTM buyback yield
N/A
Shareholder yield (TTM)
N/A
5Y share count change
0.0%
TTM buyback spend
N/A
SBC coverage (TTM)
N/A
YoY change in spend
N/A
5Y CAGR of spend
N/A
Peak year (2012)
$6.53B
Cumulative spend
$38.64B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Diluted share count is roughly flat (0.0%) over the last ~5 fiscal years — buybacks are offsetting dilution but not shrinking the float.
- TTM repurchases used about 0% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | 1.56B | 0.1% | — |
| 2024 | $0.00 | $0.00 | $0.00 | 1.56B | 0.2% | — |
| 2023 | $0.00 | $0.00 | $0.00 | 1.55B | 0.1% | — |
| 2022 | $209.00M | $183.00M | $26.00M | 1.55B | -0.4% | 0.13% |
| 2021 | $775.00M | $210.00M | $565.00M | 1.56B | 0.1% | 0.52% |
| 2020 | $0.00 | $167.00M | −$167.00M | 1.56B | 0.1% | — |
| 2019 | $0.00 | $172.00M | −$172.00M | 1.56B | 0.1% | — |
| 2018 | $0.00 | $138.00M | −$138.00M | 1.55B | 0.1% | — |
| 2017 | $0.00 | $148.00M | −$148.00M | 1.55B | 0.1% | — |
| 2016 | $0.00 | $153.00M | −$153.00M | 1.55B | 0.1% | — |
| 2015 | $48.00M | $0.00 | $48.00M | 1.55B | -1.1% | 0.04% |
| 2014 | $3.83B | $210.00M | $3.62B | 1.57B | -3.5% | 3.03% |
| 2013 | $5.96B | $220.00M | $5.74B | 1.62B | -4.1% | 4.28% |
| 2012 | $6.53B | $242.00M | $6.28B | 1.69B | -2.0% | 4.69% |
| 2011 | $5.37B | $0.00 | $5.37B | 1.73B | -6.3% | 3.97% |
| 2010 | $5.03B | $0.00 | $5.03B | 1.84B | -5.5% | 4.67% |
| 2009 | $5.63B | $0.00 | $5.63B | 1.95B | -6.2% | 6.01% |
| 2008 | $5.26B | $0.00 | $5.26B | 2.08B | -1.5% | 5.84% |
| 2007 | $0.00 | $0.00 | $0.00 | 2.11B | 0.0% | — |
| 2006 | $0.00 | $0.00 | $0.00 | 2.11B | 0.9% | — |
| 2005 | $0.00 | $0.00 | $0.00 | 2.09B | 2.6% | — |
| 2003 | $0.00 | $0.00 | $0.00 | 2.04B | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Philip Morris International (PM) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Philip Morris International (PM)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Philip Morris International (PM)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $0 | — | $0 | ||
| 2024 | $0 | — | $0 | ||
| 2023 | $0 | -100.0% | -$209.00M | ||
| 2022 | $209.00M | -73.0% | -$566.00M | ||
| 2021 | $775.00M | — | +$775.00M | ||
| 2020 | $0 | — | $0 | ||
| 2019 | $0 | — | $0 | ||
| 2018 | $0 | — | $0 | ||
| 2017 | $0 | — | $0 | ||
| 2016 | $0 | -100.0% | -$48.00M | ||
| 2015 | $48.00M | -98.7% | -$3.79B | ||
| 2014 | $3.83B | -35.7% | -$2.13B | ||
| 2013 | $5.96B | -8.6% | -$562.00M | ||
| 2012 | $6.53B | +21.5% | +$1.15B | ||
| 2011 | $5.37B | +6.8% | +$342.00M | ||
| 2010 | $5.03B | -10.6% | -$595.00M | ||
| 2009 | $5.63B | +7.0% | +$369.00M | ||
| 2008 | $5.26B | — | +$5.26B | ||
| 2007 | $0 | — | $0 | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | — | ||
| 2003 | $0 | — | — |
2025's annual buyback spend for Philip Morris International (PM) came in at $0.
Philip Morris International buyback spend has contracted on net over the period, with a -100.0% compound annual growth rate over 2015–2025 (10 years).
Philip Morris International buyback spend peaked at $6.53B in 2012; the latest annual figure is $0 in 2025 (100.0% below peak).
The highest annual buyback spend of $6.53B was reported in 2012. The lowest in the available history was $0 in 2003.
Philip Morris International (PM) sits 9th of 8 Consumer Defensive peers we track on this metric, against a peer median of $1.00B.
Philip Morris International Buyback Spend 2025: $0
Philip Morris International buyback spend in 2025 was $0.
Philip Morris International Buyback Spend 2024: $0
Philip Morris International buyback spend in 2024 was $0.
Philip Morris International Buyback Spend 2023: $0
Philip Morris International buyback spend in 2023 was $0, plunged 100.0% below 2022.
Philip Morris International Buyback Spend 2022: $209.00M
Philip Morris International buyback spend in 2022 was $209.00M, plunged 73.0% below 2021.
Philip Morris International Buyback Spend 2021: $775.00M
Philip Morris International buyback spend in 2021 was $775.00M.
See more financial history for Philip Morris International (PM).
Sector peers by buyback spend
Companies in the same sector as Philip Morris International, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Walmart (WMT) | $8.09B | Consumer Defensive |
| Procter & Gamble (PG) | $6.50B | Consumer Defensive |
| Mondelez International (MDLZ) | $2.38B | Consumer Defensive |
| PepsiCo (PEP) | $1.00B | Consumer Defensive |
| Altria Group (MO) | $1.00B | Consumer Defensive |
| Costco (COST) | $903.00M | Consumer Defensive |
| Coca-Cola (KO) | $746.00M | Consumer Defensive |
| Monster Beverage (MNST) | $103.65M | Consumer Defensive |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Capital allocation mix
How Philip Morris International splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.85B (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Philip Morris International's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Philip Morris International buy back its own stock?
Yes, Philip Morris International (PM) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
Is Philip Morris International diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Philip Morris International's share count changed?
Diluted weighted average shares changed by about 0.0% over roughly five fiscal years (annual income statement data).
What is Philip Morris International's buyback spend?
Latest reported buyback spend for Philip Morris International (PM) is $0 (period ending March 31, 2026).
What is the long-term growth rate of Philip Morris International buyback spend?
Philip Morris International (PM) buyback spend compound annual growth rate is -100.0% over the most recent 10 years available.
When did Philip Morris International buyback spend hit its highest annual value?
Philip Morris International buyback spend reached its highest annual value of $6.53B in 2012.
What was Philip Morris International buyback spend in 2024?
Philip Morris International (PM) buyback spend in 2024 was $0.
What was Philip Morris International buyback spend in 2025?
Philip Morris International (PM) buyback spend in 2025 was $0.
Explore more
PM Overview
Company profile, financial tools, and key metrics
PM Revenue Counter
Earns $1,316 every second. See per minute, hour, and day.
PM Earnings Counter
Earns $351.85 per second net profit. See per minute, hour, and day.
PM Economic Scale
Exceeds Cyprus's GDP. Compare with world economies.
PM What If Invested
What if you had invested $1,000? See historical returns from any date.
PM How It Makes Money
Discover visual breakdown of $41.49B in revenue — where it comes from and where it goes.
PM Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
PM Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
PM Daily Price Character
Steady · 52.5% historical win rate (green days). Streaks & record days.
PM Dividend Profile
Yield: 3.05%. Safety: 6/8. See full history.
PM Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
PM Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
PM Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
PM Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.