Philip Morris International Q4 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
- Oct 1 – Dec 31, 2025
- Reported
- Feb 6, 2026
Revenue$10.4B
+7% year over year
Gross profit$6.8B
66% margin
Operating profit$3.4B
33% margin
Net profit$2.1B
21% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 10.4 | 100% | +7% |
| Combustible tobacco products | 6.0 | 58% | +3% |
| Smoke free products | 4.4 | 42% | +12% |
| Cost of revenue | −3.6 | 34% | |
| Gross profit | 6.8 | 66% margin | +1pp |
| Operating expenses | −3.4 | 33% | +0pp |
| Operating profit | 3.4 | 33% margin | −1pp |
| Interest & other costs | −0.6 | ||
| Tax | −0.7 | ||
| Net profit | 2.1 | 21% margin | +27pp |
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