PM · Q2 FY26 · Jun 30, 2026
Philip Morris International Q2 FY26: where the revenue came from and where it went
Philip Morris International Q2 FY26: revenue $11.2B (+10% year over year). Net profit $2.8B. Largest cohort Combustible Tobacco Products $6.5B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Jun 30, 2026
- Reported
- Jul 24, 2026
Tap the diagram to enlarge · figures in billions of dollars
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 | 41% | +12% |
| Cost of revenue | −3.5 | 31% | |
| Gross profit | 7.7 | 68% margin | +1pp |
| Operating expenses | −3.1 | 28% | +0pp |
| Operating profit | 4.5 | 40% margin | +4pp |
| Tax | −0.9 | ||
| Interest & other costs | −0.8 | ||
| Net profit | 2.8 | 25% | −5pp |
Older quarters
-
Q1 FY26 3/2026Revenue $10.1B Net margin 24%
-
Q4 FY25 12/2025Revenue $10.4B Net margin 21%
-
Q3 FY25 9/2025Revenue $10.8B Net margin 32%
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