Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
PMPhilip Morris International Inc.
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether Philip Morris International made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Philip Morris International filed it, with what each one means in plain English.
As filed with the SEC on Feb 6, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
Point at or tap a bar to see the lines inside it.
Out of every $100 of sales
- cost of making what it sold: $33
- running costs: $30
- other income and costs: $2
- income tax: $6
- kept as profit: $27.9
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Income Statement | |||
| $40.6B▲ 7.3% | $37.9B | $35.2B | |
| $13.4B▲ 0.3% | $13.3B | $12.9B | |
| $27.3B▲ 11% | $24.5B | $22.3B | |
| $12.3B▲ 11% | $11.1B | $10.1B | |
| $41.0M | $0 | $665.0M | |
| $14.9B▲ 11% | $13.4B | $11.6B | |
| $966.0M▼ 15% | $1.1B | $1.1B | |
| $46.0M▼ 23% | $60.0M | $45.0M | |
| $13.9B▲ 14% | $12.2B | $10.4B | |
| $2.7B▼ 9.3% | $3.0B | $2.3B | |
| $0▼ 100% | $2.3B | $0 | |
| −$705.0M▼ 11% | −$637.0M | −$157.0M | |
| $11.8B▲ 58% | $7.5B | $8.3B | |
| $500.0M▲ 12% | $446.0M | $455.0M | |
| $11.3B▲ 61% | $7.1B | $7.8B | |
| Per share data (Note 9) | |||
| $7.27▲ 60% | $4.53 | $5.02 | |
| $7.26▲ 61% | $4.52 | $5.02 | |
Every line as the company filed it (USD ($), $ in Millions), shown in full dollars. See this statement on SEC.