Philip Morris International annual gross margin
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2024
2025
Philip Morris International Gross Margin Growth & History (PM)
Philip Morris International's gross margin was 67.12% for fiscal 2025.
View full Philip Morris International company overviewPhilip Morris International annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 67.12% | +2.31 pp |
| 2024 | 2024-12-31 | 64.81% | +1.47 pp |
| 2023 | 2023-12-31 | 63.35% | −0.76 pp |
| 2022 | 2022-12-31 | 64.10% | −3.96 pp |
| 2021 | 2021-12-31 | 68.06% | +1.41 pp |
| 2020 | 2020-12-31 | 66.65% | +1.92 pp |
| 2019 | 2019-12-31 | 64.73% | +1.04 pp |
| 2018 | 2018-12-31 | 63.69% | −0.03 pp |
| 2017 | 2017-12-31 | 63.71% | −1.10 pp |
| 2016 | 2016-12-31 | 64.81% | +41.23 pp |
| 2015 | 2015-12-31 | 23.58% | −0.55 pp |
| 2014 | 2014-12-31 | 24.13% | −1.87 pp |
| 2013 | 2013-12-31 | 26.00% | −1.14 pp |
| 2012 | 2012-12-31 | 27.14% | +0.39 pp |
| 2011 | 2011-12-31 | 26.75% | +0.91 pp |
| 2010 | 2010-12-31 | 25.84% | +0.04 pp |
| 2009 | 2009-12-31 | 25.79% | +0.06 pp |
| 2008 | 2008-12-31 | 25.73% | +0.21 pp |
| 2007 | 2007-12-31 | 25.52% | — |
Philip Morris International quarterly gross margin
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Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 68.43% | +0.72 pp |
| Q1 2026 | 2026-03-31 | 68.06% | +0.64 pp |
| Q4 2025 | 2025-12-31 | 65.51% | +0.78 pp |
| Q3 2025 | 2025-09-30 | 67.85% | +1.81 pp |
| Q2 2025 | 2025-06-30 | 67.71% | +3.04 pp |
| Q1 2025 | 2025-03-31 | 67.41% | +3.75 pp |
| Q4 2024 | 2024-12-31 | 64.73% | +3.00 pp |
| Q3 2024 | 2024-09-30 | 66.04% | +0.66 pp |
| Q2 2024 | 2024-06-30 | 64.67% | +0.67 pp |
| Q1 2024 | 2024-03-31 | 63.66% | +1.55 pp |
| Q4 2023 | 2023-12-31 | 61.73% | +1.12 pp |
| Q3 2023 | 2023-09-30 | 65.38% | +1.92 pp |
| Q2 2023 | 2023-06-30 | 64.00% | −2.19 pp |
| Q1 2023 | 2023-03-31 | 62.11% | −4.22 pp |
| Q4 2022 | 2022-12-31 | 60.61% | −4.75 pp |
| Q3 2022 | 2022-09-30 | 63.46% | −4.58 pp |
| Q2 2022 | 2022-06-30 | 66.19% | −2.83 pp |
| Q1 2022 | 2022-03-31 | 66.33% | −3.69 pp |
| Q4 2021 | 2021-12-31 | 65.36% | −0.09 pp |
| Q3 2021 | 2021-09-30 | 68.04% | +0.48 pp |
| Q2 2021 | 2021-06-30 | 69.02% | +1.78 pp |
| Q1 2021 | 2021-03-31 | 70.02% | +3.60 pp |
| Q4 2020 | 2020-12-31 | 65.45% | +1.47 pp |
| Q3 2020 | 2020-09-30 | 67.55% | +1.64 pp |
| Q2 2020 | 2020-06-30 | 67.24% | +1.85 pp |
| Q1 2020 | 2020-03-31 | 66.42% | +2.93 pp |
| Q4 2019 | 2019-12-31 | 63.98% | +1.07 pp |
| Q3 2019 | 2019-09-30 | 65.91% | +0.80 pp |
| Q2 2019 | 2019-06-30 | 65.39% | +0.90 pp |
| Q1 2019 | 2019-03-31 | 63.49% | +1.41 pp |
| Q4 2018 | 2018-12-31 | 62.92% | −0.90 pp |
| Q3 2018 | 2018-09-30 | 65.11% | +1.71 pp |
| Q2 2018 | 2018-06-30 | 64.48% | +0.90 pp |
| Q1 2018 | 2018-03-31 | 62.08% | −2.02 pp |
| Q4 2017 | 2017-12-31 | 63.82% | +40.99 pp |
| Q3 2017 | 2017-09-30 | 63.40% | +40.90 pp |
| Q2 2017 | 2017-06-30 | 63.58% | +39.83 pp |
| Q1 2017 | 2017-03-31 | 64.10% | +42.23 pp |
| Q3 2016 | 2016-09-30 | 22.82% | −0.57 pp |
| Q2 2016 | 2016-06-30 | 22.50% | −1.38 pp |
| Q1 2016 | 2016-03-31 | 23.75% | −1.53 pp |
| Q4 2015 | 2015-12-31 | 21.87% | −1.03 pp |
| Q3 2015 | 2015-09-30 | 23.40% | −0.61 pp |
| Q2 2015 | 2015-06-30 | 23.88% | −0.35 pp |
| Q1 2015 | 2015-03-31 | 25.28% | −0.27 pp |
| Q4 2014 | 2014-12-31 | 22.89% | −2.55 pp |
| Q3 2014 | 2014-09-30 | 24.01% | −1.73 pp |
| Q2 2014 | 2014-06-30 | 24.23% | −1.23 pp |
| Q1 2014 | 2014-03-31 | 25.55% | −1.95 pp |
| Q4 2013 | 2013-12-31 | 25.44% | −0.94 pp |
| Q3 2013 | 2013-09-30 | 25.74% | −1.50 pp |
| Q2 2013 | 2013-06-30 | 25.47% | −1.75 pp |
| Q1 2013 | 2013-03-31 | 27.50% | −0.28 pp |
| Q4 2012 | 2012-12-31 | 26.38% | +0.00 pp |
| Q3 2012 | 2012-09-30 | 27.24% | +0.60 pp |
| Q2 2012 | 2012-06-30 | 27.22% | +0.39 pp |
| Q1 2012 | 2012-03-31 | 27.78% | +0.58 pp |
| Q4 2011 | 2011-12-31 | 26.38% | +0.90 pp |
| Q3 2011 | 2011-09-30 | 26.63% | +1.10 pp |
| Q2 2011 | 2011-06-30 | 26.83% | +0.88 pp |
| Q1 2011 | 2011-03-31 | 27.20% | +0.74 pp |
| Q4 2010 | 2010-12-31 | 25.47% | +0.95 pp |
| Q3 2010 | 2010-09-30 | 25.53% | −0.22 pp |
| Q2 2010 | 2010-06-30 | 25.95% | −0.01 pp |
| Q1 2010 | 2010-03-31 | 26.46% | −0.83 pp |
| Q4 2009 | 2009-12-31 | 24.52% | −1.23 pp |
| Q3 2009 | 2009-09-30 | 25.75% | +0.32 pp |
| Q2 2009 | 2009-06-30 | 25.96% | — |
| Q1 2009 | 2009-03-31 | 27.29% | — |
| Q3 2008 | 2008-09-30 | 25.75% | — |
| Q2 2008 | 2008-06-30 | 25.43% | — |
Philip Morris International gross margin trends
Over the last five reported fiscal years, Philip Morris International's gross margin increased from 66.65% to 67.12%, a change of +0.47 percentage points. The latest reported quarter, Q2 2026, shows 68.43%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Philip Morris International filings at SEC.gov ↗