Philip Morris International Q2 FY26: 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
- Apr 1 – Jun 30, 2026
- Reported
- Jul 24, 2026
Revenue$11.2B
+10% year over year
Gross profit$7.7B
68% margin
Operating profit$4.5B
40% margin
Net profit$2.8B
25% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 11.2 | 100% | +10% |
| Combustible tobacco products | 6.5 | 58% | +9% |
| Smoke free products | 4.6 | 42% | +12% |
| Cost of revenue | −3.5 | 32% | |
| Gross profit | 7.7 | 68% margin | +1pp |
| Operating expenses | −3.1 | 28% | +0pp |
| Operating profit | 4.5 | 40% margin | +4pp |
| Interest & other costs | −0.8 | ||
| Tax | −1.0 | ||
| Net profit | 2.8 | 25% margin | −5pp |
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