Operating Income for Philip Morris International (PM)
According to Philip Morris International's latest reported financial statements, the company's current operating income (TTM) is $15.28B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$15.28B
YoY change
+11.4%
5Y CAGR
+5.0%
Peak year (2025)
$14.93B
Cumulative operating income
$257.20B
Operating Income history chart for Philip Morris International (PM) from 2001 to 2025
Operating Income history table for Philip Morris International (PM) from 2001 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $14.93B | +11.4% | ||
| 2024 | $13.40B | +16.0% | ||
| 2023 | $11.56B | -5.6% | ||
| 2022 | $12.25B | -5.6% | ||
| 2021 | $12.97B | +10.7% | ||
| 2020 | $11.72B | +11.3% | ||
| 2019 | $10.53B | -7.1% | ||
| 2018 | $11.34B | -2.1% | ||
| 2017 | $11.58B | +6.2% | ||
| 2016 | $10.90B | +2.6% | ||
| 2015 | $10.62B | -9.2% | ||
| 2014 | $11.70B | -14.6% | ||
| 2013 | $13.70B | -1.7% | ||
| 2012 | $13.95B | +3.0% | ||
| 2011 | $13.53B | +20.8% | ||
| 2010 | $11.20B | +9.7% | ||
| 2009 | $10.21B | -3.4% | ||
| 2008 | $10.57B | +19.1% | ||
| 2007 | $8.87B | +10.8% | ||
| 2006 | $8.01B | +3.5% | ||
| 2005 | $7.74B | +14.2% | ||
| 2004 | $6.78B | +9.4% | ||
| 2003 | $6.20B | — | ||
| 2001 | $2.95B | — |
Operating Income values are taken from Philip Morris International's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Philip Morris International (PM) operating income totalled $14.93B – grew 11.4% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Philip Morris International operating income compounded at +5.0% per year, sustaining 2 straight years of year-over-year growth.
Across the available history, operating income reached its high of $14.93B in 2025 and its low of $2.95B in 2001.
Among 8 Consumer Defensive peers, Philip Morris International (PM) ranks 4th; the peer median for operating income is $13.63B.
Philip Morris International Operating Income by Year
Philip Morris International Operating Income 2025: $14.93B
Philip Morris International operating income in 2025 was $14.93B, grew 11.4% from 2024. This figure represents the highest annual value in the available history.
Philip Morris International Operating Income 2024: $13.40B
Philip Morris International operating income in 2024 was $13.40B, grew 16.0% from 2023.
Philip Morris International Operating Income 2023: $11.56B
Philip Morris International operating income in 2023 was $11.56B, declined 5.6% below 2022.
Philip Morris International Operating Income 2022: $12.25B
Philip Morris International operating income in 2022 was $12.25B, declined 5.6% below 2021.
Philip Morris International Operating Income 2021: $12.97B
Philip Morris International operating income in 2021 was $12.97B.
See more financial history for Philip Morris International (PM).
Sector peers — Operating Income
Companies in the same sector as Philip Morris International, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $29.82B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $20.45B | Consumer Defensive |
| Altria Group, Inc. (MO) | $15.06B | Consumer Defensive |
| The Coca-Cola Company (KO) | $13.76B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $13.49B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $10.38B | Consumer Defensive |
| Mondelez International, Inc. (MDLZ) | $3.62B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $2.42B | Consumer Defensive |
Frequently asked questions
What is Philip Morris International's operating income?
- Latest reported operating income for Philip Morris International (PM) is $15.28B (period ending March 31, 2026).
How has Philip Morris International operating income changed year-over-year?
- Philip Morris International (PM) operating income changed +11.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Philip Morris International operating income?
- Philip Morris International (PM) operating income compound annual growth rate is +5.0% over the most recent 5 years available.
When did Philip Morris International operating income hit its highest annual value?
- Philip Morris International operating income reached its highest annual value of $14.93B in 2025.
What was Philip Morris International operating income in 2024?
- Philip Morris International (PM) operating income in 2024 was $13.40B.
What was Philip Morris International operating income in 2025?
- Philip Morris International (PM) operating income in 2025 was $14.93B.
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