Philip Morris International Inc. (PM) stock
PMNYSECigarettesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 23, 2026Score 13/3040% above fair value
$196.66+0.31 (+0.16%)
Close on Nov 12, 2026Market cap $306.53BP/E 28.7Yield 2.87%
Philip Morris International gross margin
Gross margin is gross profit as a percentage of revenue.
Philip Morris International's gross margin for the twelve months ending Sep 30, 2026 was 67.7%. For fiscal 2025 it was 67.1%, against 64.8% the year before. The highest annual figure on record is 68.1% in fiscal 2021.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 67.1% | +2.3 |
| FY2024 | Dec 31, 2024 | 64.8% | +1.5 |
| FY2023 | Dec 31, 2023 | 63.3% | −0.8 |
| FY2022 | Dec 31, 2022 | 64.1% | −4.0 |
| FY2021 | Dec 31, 2021 | 68.1% | +1.4 |
| FY2020 | Dec 31, 2020 | 66.7% | +1.9 |
| FY2019 | Dec 31, 2019 | 64.7% | +1.0 |
| FY2018 | Dec 31, 2018 | 63.7% | −0.0 |
| FY2017 | Dec 31, 2017 | 63.7% | −1.1 |
| FY2016 | Dec 31, 2016 | 64.8% | +41.2 |
| FY2015 | Dec 31, 2015 | 23.6% | −0.5 |
| FY2014 | Dec 31, 2014 | 24.1% | −1.9 |
| FY2013 | Dec 31, 2013 | 26.0% | −1.1 |
| FY2012 | Dec 31, 2012 | 27.1% | +0.4 |
| FY2011 | Dec 31, 2011 | 26.7% | +0.9 |
| FY2010 | Dec 31, 2010 | 25.8% | +0.0 |
| FY2009 | Dec 31, 2009 | 25.8% | +0.1 |
| FY2008 | Dec 31, 2008 | 25.7% | +0.2 |
| FY2007 | Dec 31, 2007 | 25.5% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 68.7% | +0.8 |
| Q2 FY2026 | Jun 30, 2026 | 68.4% | +0.7 |
| Q1 FY2026 | Mar 31, 2026 | 68.1% | +0.6 |
| Q4 FY2025 | Dec 31, 2025 | 65.5% | +0.7 |
| Q3 FY2025 | Sep 30, 2025 | 67.9% | +1.8 |
| Q2 FY2025 | Jun 30, 2025 | 67.7% | +3.0 |
| Q1 FY2025 | Mar 31, 2025 | 67.4% | +3.7 |
| Q4 FY2024 | Dec 31, 2024 | 64.7% | +3.0 |
| Q3 FY2024 | Sep 30, 2024 | 66.0% | +0.7 |
| Q2 FY2024 | Jun 30, 2024 | 64.7% | +0.7 |
| Q1 FY2024 | Mar 31, 2024 | 63.7% | +1.5 |
| Q4 FY2023 | Dec 31, 2023 | 61.7% | +1.1 |
| Q3 FY2023 | Sep 30, 2023 | 65.4% | +1.9 |
| Q2 FY2023 | Jun 30, 2023 | 64.0% | −2.2 |
| Q1 FY2023 | Mar 31, 2023 | 62.1% | −4.2 |
| Q4 FY2022 | Dec 31, 2022 | 60.6% | −4.8 |
| Q3 FY2022 | Sep 30, 2022 | 63.5% | −4.6 |
| Q2 FY2022 | Jun 30, 2022 | 66.2% | −2.8 |
| Q1 FY2022 | Mar 31, 2022 | 66.3% | −3.7 |
| Q4 FY2021 | Dec 31, 2021 | 65.4% | −0.1 |
| Q3 FY2021 | Sep 30, 2021 | 68.0% | +0.5 |
| Q2 FY2021 | Jun 30, 2021 | 69.0% | +1.8 |
| Q1 FY2021 | Mar 31, 2021 | 70.0% | +3.6 |
| Q4 FY2020 | Dec 31, 2020 | 65.4% | +1.5 |
| Q3 FY2020 | Sep 30, 2020 | 67.6% | +1.6 |
| Q2 FY2020 | Jun 30, 2020 | 67.2% | +1.9 |
| Q1 FY2020 | Mar 31, 2020 | 66.4% | +2.9 |
| Q4 FY2019 | Dec 31, 2019 | 64.0% | +1.1 |
| Q3 FY2019 | Sep 30, 2019 | 65.9% | +0.8 |
| Q2 FY2019 | Jun 30, 2019 | 65.4% | +0.9 |
| Q1 FY2019 | Mar 31, 2019 | 63.5% | +1.4 |
| Q4 FY2018 | Dec 31, 2018 | 62.9% | −0.9 |
| Q3 FY2018 | Sep 30, 2018 | 65.1% | +1.7 |
| Q2 FY2018 | Jun 30, 2018 | 64.5% | +0.9 |
| Q1 FY2018 | Mar 31, 2018 | 62.1% | −2.0 |
| Q4 FY2017 | Dec 31, 2017 | 63.8% | +40.5 |
| Q3 FY2017 | Sep 30, 2017 | 63.4% | – |
| Q2 FY2017 | Jun 30, 2017 | 63.6% | – |
| Q1 FY2017 | Mar 31, 2017 | 64.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 23.3% | – |
See a number that looks wrong?