Philip Morris International Q3 FY25: where the revenue came from and where it went
The whole income statement of Philip Morris International for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 24, 2025
Revenue$10.8B
+9% year over year
Gross profit$7.4B
68% margin
Operating profit$4.3B
39% margin
Net profit$3.5B
32% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 10.8 | 100% | +9% |
| Combustible tobacco products | 6.4 | 59% | +4% |
| Smoke free products | 4.4 | 41% | +18% |
| Cost of revenue | −3.5 | 32% | |
| Gross profit | 7.4 | 68% margin | +2pp |
| Operating expenses | −3.1 | 29% | +0pp |
| Operating profit | 4.3 | 39% margin | +2pp |
| Tax | −0.8 | ||
| Net profit | 3.5 | 32% margin | +1pp |
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