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 13/3041% 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 r&d expenses
Research and development expenses are spending on new products and technology.
For fiscal 2025 it was $756.00M, down 0.4% from the year before. Over ten years it grew 6.0% a year on average. The highest annual figure on record is $759.00M in fiscal 2024.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $756.00M | -0.4% |
| FY2024 | Dec 31, 2024 | $759.00M | +7.1% |
| FY2023 | Dec 31, 2023 | $709.00M | +10.4% |
| FY2022 | Dec 31, 2022 | $642.00M | +4.1% |
| FY2021 | Dec 31, 2021 | $617.00M | +24.6% |
| FY2020 | Dec 31, 2020 | $495.00M | +6.5% |
| FY2019 | Dec 31, 2019 | $465.00M | +21.4% |
| FY2018 | Dec 31, 2018 | $383.00M | -15.5% |
| FY2017 | Dec 31, 2017 | $453.00M | +5.6% |
| FY2016 | Dec 31, 2016 | $429.00M | +1.4% |
| FY2015 | Dec 31, 2015 | $423.00M | -2.3% |
| FY2014 | Dec 31, 2014 | $433.00M | -3.6% |
| FY2013 | Dec 31, 2013 | $449.00M | +8.2% |
| FY2012 | Dec 31, 2012 | $415.00M | +0.5% |
| FY2011 | Dec 31, 2011 | $413.00M | +5.6% |
| FY2010 | Dec 31, 2010 | $391.00M | +16.7% |
| FY2009 | Dec 31, 2009 | $335.00M | +0.3% |
| FY2008 | Dec 31, 2008 | $334.00M | – |
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