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What changed in Philip Morris International Inc.'s latest annual report

In the year ended 31 Dec 2025, Philip Morris International Inc.'s revenue rose 7.3% to USD 40.65bn, from USD 37.88bn; net income rose 60.8% to USD 11.35bn, from USD 7.06bn; cash and cash equivalents rose 15.6% to USD 4.87bn, from USD 4.22bn.

Year ended 31 Dec 2025. Source: 10-K filed 6 Feb 2026, read it on SEC EDGAR.

USD 37.88bn to USD 40.65bn

Revenue, up 7.3% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue37.88bn40.65bnUp 7.3%
Net income7.06bn11.35bnUp 60.8%
Total assets61.78bn69.19bnUp 12%
Total liabilities71.65bn77.21bnUp 7.8%
Cash and cash equivalents4.22bn4.87bnUp 15.6%
Shareholders' equity-11.75bn-9.99bnNot comparable

Questions people ask

Did Philip Morris International Inc.'s revenue grow last year?

Revenue grew 7.3%, from USD 37.88bn to USD 40.65bn in the year ended 31 Dec 2025.

Is Philip Morris International Inc. profitable?

Yes. Net income was USD 11.35bn in the year ended 31 Dec 2025. The year before: USD 7.06bn.

How much cash and debt does Philip Morris International Inc. have?

At its latest year end (31 Dec 2025), Philip Morris International Inc. reported cash and cash equivalents of USD 4.87bn.

Where do these numbers come from?

From Philip Morris International Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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Philip Morris International Inc. (PM) 10-K: what changed year on year | LYNORIQ Insights