Philip Morris International Inc. (PM) Earnings History
Steady Earner23 years of earnings data (2003–2025) · Positive but moderate multi-year EPS trajectory
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Philip Morris International Inc. (PM) Earnings Overview
As of June 29, 2026, Philip Morris International Inc. (PM) reported trailing twelve-month net income of $11.10B, reflecting +60.6% year-over-year growth. The company earned $7.10 per diluted share over the past four quarters, with a net profit margin of 27.9%.
Looking at the long-term picture, PM's 5-year EPS compound annual growth rate (CAGR) stands at +7.1%, showing solid earnings momentum. The company achieved its highest annual net income of $11.35B in fiscal 2025, representing a new all-time high.
Philip Morris International Inc. maintains industry-leading profitability with a gross margin of 67.1%, operating margin of 36.7%, and net margin of 27.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including MO ($8.05B net income, 34.5% margin), BTI ($10.83B net income, 30.3% margin), XXII (-$4M net income, -71.7% margin), PM has room to improve margins relative to the peer group. Compare PM vs MO →
PM Earnings vs Peers
Earnings metrics vs comparable public companies
PM Historical Earnings Data (2003–2025)
22 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $11.35B | +61.3% | $14.93B | $7.26 | 27.9% | 36.7% |
| 2024 | $7.03B | -9.7% | $13.40B | $4.52 | 18.6% | 35.4% |
| 2023 | $7.79B | -13.9% | $11.56B | $5.02 | 22.1% | 32.9% |
| 2022 | $9.05B | -0.7% | $12.25B | $5.81 | 28.5% | 38.6% |
| 2021 | $9.11B | +13.1% | $12.97B | $5.83 | 29.0% | 41.3% |
| 2020 | $8.06B | +12.1% | $11.72B | $5.16 | 28.1% | 40.8% |
| 2019 | $7.18B | -9.2% | $10.53B | $4.61 | 24.1% | 35.3% |
| 2018 | $7.91B | +31.1% | $11.34B | $5.09 | 26.7% | 38.3% |
| 2017 | $6.04B | -13.4% | $11.58B | $3.88 | 21.0% | 40.3% |
| 2016 | $6.97B | +1.4% | $10.90B | $4.48 | 26.1% | 40.9% |
| 2015 | $6.87B | -8.3% | $10.62B | $4.42 | 25.7% | 39.6% |
| 2014 | $7.49B | -12.6% | $11.70B | $4.76 | 25.2% | 39.3% |
| 2013 | $8.58B | -2.5% | $13.70B | $5.26 | 27.5% | 43.9% |
| 2012 | $8.80B | +2.4% | $13.95B | $5.17 | 28.0% | 44.4% |
| 2011 | $8.59B | +18.3% | $13.53B | $4.98 | 27.6% | 43.5% |
| 2010 | $7.26B | +14.5% | $11.20B | $3.92 | 26.7% | 41.2% |
| 2009 | $6.34B | -8.0% | $10.21B | $3.24 | 25.3% | 40.8% |
| 2008 | $6.89B | +14.3% | $10.57B | $3.32 | 26.8% | 41.1% |
| 2007 | $6.03B | -2.0% | $8.87B | $2.86 | 26.4% | 38.9% |
| 2006 | $6.15B | +9.4% | $8.01B | $2.91 | 29.6% | 38.5% |
| 2005 | $5.62B | +41.4% | $7.74B | $2.69 | 12.4% | 17.1% |
| 2003 | $3.98B | - | $6.20B | $1.95 | 11.9% | 18.6% |
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PM — Frequently Asked Questions
Quick answers to the most common questions about buying PM stock.
What is PM earnings per share (EPS)?
PM trailing twelve-month (TTM) diluted EPS is $7.10, reflecting +60.6% year-over-year growth. The 5-year EPS CAGR is +7.1%. Complete EPS history from 2003 to 2025 is available in the table on this page.
What is Philip Morris International Inc.'s net income?
Philip Morris International Inc. (PM) trailing twelve-month net income is $11.1B as of 2025. Earnings grew +60.6% year-over-year. Philip Morris International Inc. has been profitable for 22 consecutive years.
Is PM profitable?
Yes, PM is profitable with a TTM net income of $11.1B and a net profit margin of +27.9%. Philip Morris International Inc. has generated profits for 22 consecutive years.
What is PM's earnings growth rate?
PM compound annual EPS growth rates (CAGR): 1-Year: +60.6%, 3-Year: +7.7%, 5-Year: +7.1%, 10-Year: +5.1%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2003 to 2025.
What are PM's profit margins?
Philip Morris International Inc. net profit margin is +27.9%, operating margin is +36.7%, and gross margin is +67.1%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is N/A.
Is PM growing earnings?
Yes, PM earnings are accelerating — EPS growth of +60.6% exceeds the 5-year CAGR of +7.1%. TTM net income reached $11.1B. Earnings momentum is strengthening.
What was PM's best earnings year?
Philip Morris International Inc.'s highest annual net income on record is $11.3B, achieved in fiscal year 2025. Earnings history on this page spans 2003 to 2025 and includes all annual and quarterly figures.
What were PM's earnings last quarter?
PM's most recent reported quarter was Q1 2026. Net income was $2.4B with diluted EPS of $1.56. For a full breakdown of all quarters, see the quarterly earnings table on this page.