Philip Morris International annual capital expenditures (capex)
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Philip Morris International Capital Expenditures (CapEx) Growth & History (PM)
Philip Morris International's capital expenditures (capex) was $1.57B for fiscal 2025.
View full Philip Morris International company overviewPhilip Morris International annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.57B | $125.0M | +8.66% |
| 2024 | 2024-12-31 | $1.44B | $123.0M | +9.31% |
| 2023 | 2023-12-31 | $1.32B | $244.0M | +22.66% |
| 2022 | 2022-12-31 | $1.08B | $329.0M | +43.98% |
| 2021 | 2021-12-31 | $748.0M | $146.0M | +24.25% |
| 2020 | 2020-12-31 | $602.0M | −$250.0M | −29.34% |
| 2019 | 2019-12-31 | $852.0M | −$584.0M | −40.67% |
| 2018 | 2018-12-31 | $1.44B | −$112.0M | −7.24% |
| 2017 | 2017-12-31 | $1.55B | $376.0M | +32.08% |
| 2016 | 2016-12-31 | $1.17B | $212.0M | +22.08% |
| 2015 | 2015-12-31 | $960.0M | −$193.0M | −16.74% |
| 2014 | 2014-12-31 | $1.15B | −$47.0M | −3.92% |
| 2013 | 2013-12-31 | $1.20B | $144.0M | +13.64% |
| 2012 | 2012-12-31 | $1.06B | $159.0M | +17.73% |
| 2011 | 2011-12-31 | $897.0M | $184.0M | +25.81% |
| 2010 | 2010-12-31 | $713.0M | −$2.0M | −0.28% |
| 2009 | 2009-12-31 | $715.0M | −$384.0M | −34.94% |
| 2008 | 2008-12-31 | $1.10B | $27.0M | +2.52% |
| 2007 | 2007-12-31 | $1.07B | — | — |
Philip Morris International quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $380.0M | $24.0M | +6.74% |
| Q1 2026 | 2026-03-31 | $353.0M | −$51.0M | −12.62% |
| Q4 2025 | 2025-12-31 | $444.0M | $166.0M | +59.71% |
| Q3 2025 | 2025-09-30 | $365.0M | −$14.0M | −3.69% |
| Q2 2025 | 2025-06-30 | $356.0M | −$14.0M | −3.78% |
| Q1 2025 | 2025-03-31 | $404.0M | −$13.0M | −3.12% |
| Q4 2024 | 2024-12-31 | $278.0M | −$33.0M | −10.61% |
| Q3 2024 | 2024-09-30 | $379.0M | $8.0M | +2.16% |
| Q2 2024 | 2024-06-30 | $370.0M | $10.0M | +2.78% |
| Q1 2024 | 2024-03-31 | $417.0M | $138.0M | +49.46% |
| Q4 2023 | 2023-12-31 | $311.0M | −$36.0M | −10.37% |
| Q3 2023 | 2023-09-30 | $371.0M | $119.0M | +47.22% |
| Q2 2023 | 2023-06-30 | $360.0M | $111.0M | +44.58% |
| Q1 2023 | 2023-03-31 | $279.0M | $50.0M | +21.83% |
| Q4 2022 | 2022-12-31 | $347.0M | $58.0M | +20.07% |
| Q3 2022 | 2022-09-30 | $252.0M | $100.0M | +65.79% |
| Q2 2022 | 2022-06-30 | $249.0M | $121.0M | +94.53% |
| Q1 2022 | 2022-03-31 | $229.0M | $50.0M | +27.93% |
| Q4 2021 | 2021-12-31 | $289.0M | $149.0M | +106.43% |
| Q3 2021 | 2021-09-30 | $152.0M | $0 | 0.00% |
| Q2 2021 | 2021-06-30 | $128.0M | −$12.0M | −8.57% |
| Q1 2021 | 2021-03-31 | $179.0M | $9.0M | +5.29% |
| Q4 2020 | 2020-12-31 | $140.0M | −$16.0M | −10.26% |
| Q3 2020 | 2020-09-30 | $152.0M | −$42.0M | −21.65% |
| Q2 2020 | 2020-06-30 | $140.0M | −$38.0M | −21.35% |
| Q1 2020 | 2020-03-31 | $170.0M | −$154.0M | −47.53% |
| Q4 2019 | 2019-12-31 | $156.0M | −$178.0M | −53.29% |
| Q3 2019 | 2019-09-30 | $194.0M | −$134.0M | −40.85% |
| Q2 2019 | 2019-06-30 | $178.0M | −$231.0M | −56.48% |
| Q1 2019 | 2019-03-31 | $324.0M | −$41.0M | −11.23% |
| Q4 2018 | 2018-12-31 | $334.0M | −$219.0M | −39.60% |
| Q3 2018 | 2018-09-30 | $328.0M | −$107.0M | −24.60% |
| Q2 2018 | 2018-06-30 | $409.0M | $141.0M | +52.61% |
| Q1 2018 | 2018-03-31 | $365.0M | $73.0M | +25.00% |
| Q4 2017 | 2017-12-31 | $553.0M | $115.0M | +26.26% |
| Q3 2017 | 2017-09-30 | $435.0M | $181.0M | +71.26% |
| Q2 2017 | 2017-06-30 | $268.0M | $14.0M | +5.51% |
| Q1 2017 | 2017-03-31 | $292.0M | $66.0M | +29.20% |
| Q4 2016 | 2016-12-31 | $438.0M | $114.0M | +35.19% |
| Q3 2016 | 2016-09-30 | $254.0M | $31.0M | +13.90% |
| Q2 2016 | 2016-06-30 | $254.0M | $44.0M | +20.95% |
| Q1 2016 | 2016-03-31 | $226.0M | $23.0M | +11.33% |
| Q4 2015 | 2015-12-31 | $324.0M | −$25.0M | −7.16% |
| Q3 2015 | 2015-09-30 | $223.0M | −$73.0M | −24.66% |
| Q2 2015 | 2015-06-30 | $210.0M | −$42.0M | −16.67% |
| Q1 2015 | 2015-03-31 | $203.0M | −$53.0M | −20.70% |
| Q4 2014 | 2014-12-31 | $349.0M | −$30.0M | −7.92% |
| Q3 2014 | 2014-09-30 | $296.0M | −$5.0M | −1.66% |
| Q2 2014 | 2014-06-30 | $252.0M | −$28.0M | −10.00% |
| Q1 2014 | 2014-03-31 | $256.0M | $16.0M | +6.67% |
| Q4 2013 | 2013-12-31 | $379.0M | $42.0M | +12.46% |
| Q3 2013 | 2013-09-30 | $301.0M | $58.0M | +23.87% |
| Q2 2013 | 2013-06-30 | $280.0M | $31.0M | +12.45% |
| Q1 2013 | 2013-03-31 | $240.0M | $13.0M | +5.73% |
| Q4 2012 | 2012-12-31 | $337.0M | $8.0M | +2.43% |
| Q3 2012 | 2012-09-30 | $243.0M | $20.0M | +8.97% |
| Q2 2012 | 2012-06-30 | $249.0M | $63.0M | +33.87% |
| Q1 2012 | 2012-03-31 | $227.0M | $68.0M | +42.77% |
| Q4 2011 | 2011-12-31 | $329.0M | $99.0M | +43.04% |
| Q3 2011 | 2011-09-30 | $223.0M | $59.0M | +35.98% |
| Q2 2011 | 2011-06-30 | $186.0M | $17.0M | +10.06% |
| Q1 2011 | 2011-03-31 | $159.0M | $9.0M | +6.00% |
| Q4 2010 | 2010-12-31 | $230.0M | −$2.0M | −0.86% |
| Q3 2010 | 2010-09-30 | $164.0M | $4.0M | +2.50% |
| Q2 2010 | 2010-06-30 | $169.0M | −$9.0M | −5.06% |
| Q1 2010 | 2010-03-31 | $150.0M | $5.0M | +3.45% |
| Q4 2009 | 2009-12-31 | $232.0M | — | — |
| Q3 2009 | 2009-09-30 | $160.0M | −$90.0M | −36.00% |
| Q2 2009 | 2009-06-30 | $178.0M | — | — |
| Q1 2009 | 2009-03-31 | $145.0M | — | — |
| Q3 2008 | 2008-09-30 | $250.0M | — | — |
Philip Morris International capital expenditures (capex) trends
Over the last five fiscal years, Philip Morris International's capital expenditures (capex) increased from $602.0M to $1.57B, a change of $967.0M. The latest reported quarter, Q2 2026, shows $380.0M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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