Philip Morris (PM) Revenue & Revenue Breakdown

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Philip Morris Revenue Highlights

Latest Revenue (Y)

$35.17B

Latest Revenue (Q)

$9.91B

Main Segment (Y)

Europe Segment

Main Geography (Y)

Europe Segment

Philip Morris Revenue by Period

Philip Morris Revenue by Year

Date	Revenue	Change
2023-12-31	$35.17B	10.74%
2022-12-31	$31.76B	1.14%
2021-12-31	$31.41B	9.45%
2020-12-31	$28.69B	-3.73%
2019-12-31	$29.80B	0.61%
2018-12-31	$29.63B	3.05%
2017-12-31	$28.75B	7.73%
2016-12-31	$26.68B	-0.41%
2015-12-31	$26.79B	-9.99%
2014-12-31	$29.77B	-4.64%
2013-12-31	$31.22B	-0.51%
2012-12-31	$31.38B	0.90%
2011-12-31	$31.10B	14.29%
2010-12-31	$27.21B	8.68%
2009-12-31	$25.04B	-2.61%
2008-12-31	$25.70B	12.75%
2007-12-31	$22.80B	-52.76%
2006-12-31	$48.26B	6.56%
2005-12-31	$45.29B	35.64%
2003-12-31	$33.39B	312.01%
2001-09-01	$8.10B	-

Philip Morris generated $35.17B in revenue during NA 2023, up 10.74% compared to the previous quarter, and up 118.73% compared to the same period a year ago.

Philip Morris Revenue by Quarter

Date	Revenue	Change
2024-09-30	$9.91B	5.36%
2024-06-30	$9.41B	6.98%
2024-03-31	$8.79B	-2.81%
2023-12-31	$9.05B	-1.03%
2023-09-30	$9.14B	1.94%
2023-06-30	$8.97B	11.82%
2023-03-31	$8.02B	-1.63%
2022-12-31	$8.15B	1.49%
2022-09-30	$8.03B	2.55%
2022-06-30	$7.83B	1.11%
2022-03-31	$7.75B	-4.42%
2021-12-31	$8.10B	-0.22%
2021-09-30	$8.12B	6.95%
2021-06-30	$7.59B	0.12%
2021-03-31	$7.58B	1.89%
2020-12-31	$7.44B	-0.03%
2020-09-30	$7.45B	11.95%
2020-06-30	$6.65B	-7.02%
2020-03-31	$7.15B	-7.26%
2019-12-31	$7.71B	0.93%
2019-09-30	$7.64B	-0.74%
2019-06-30	$7.70B	14.04%
2019-03-31	$6.75B	-9.97%
2018-12-31	$7.50B	-0.07%
2018-09-30	$7.50B	-2.87%
2018-06-30	$7.73B	12.04%
2018-03-31	$6.90B	-16.86%
2017-12-31	$8.29B	10.99%
2017-09-30	$7.47B	8.04%
2017-06-30	$6.92B	14.07%
2017-03-31	$6.06B	-13.01%
2016-12-31	$6.97B	-0.16%
2016-09-30	$6.98B	5.01%
2016-06-30	$6.65B	9.30%
2016-03-31	$6.08B	-4.83%
2015-12-31	$6.39B	-7.72%
2015-09-30	$6.93B	0.99%
2015-06-30	$6.86B	3.67%
2015-03-31	$6.62B	-8.07%
2014-12-31	$7.20B	-8.39%
2014-09-30	$7.86B	0.76%
2014-06-30	$7.80B	12.72%
2014-03-31	$6.92B	-11.20%
2013-12-31	$7.79B	-1.74%
2013-09-30	$7.93B	0.13%
2013-06-30	$7.92B	4.39%
2013-03-31	$7.58B	-3.87%
2012-12-31	$7.89B	-0.39%
2012-09-30	$7.92B	-2.46%
2012-06-30	$8.12B	9.02%
2012-03-31	$7.45B	-2.91%
2011-12-31	$7.67B	-8.26%
2011-09-30	$8.36B	1.08%
2011-06-30	$8.27B	21.82%
2011-03-31	$6.79B	-3.50%
2010-12-31	$7.04B	6.40%
2010-09-30	$6.61B	-6.33%
2010-06-30	$7.06B	8.70%
2010-03-31	$6.50B	-3.29%
2009-12-31	$6.72B	1.97%
2009-09-30	$6.59B	7.39%
2009-06-30	$6.13B	9.59%
2009-03-31	$5.60B	-2.03%
2008-12-31	$5.71B	-17.83%
2008-09-30	$6.95B	3.64%
2008-06-30	$6.71B	5.99%
2008-03-31	$6.33B	-

Philip Morris generated $9.91B in revenue during Q3 2024, up 5.36% compared to the previous quarter, and up 110.53% compared to the same period a year ago.

Philip Morris Revenue Breakdown

Philip Morris Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 18
Europe Segment	$13.60B	-	-	-
EA, AU & PMI DF Segment	$6.20B	-	-	-
Americas Segment	$1.94B	-	-	-
Wellness and Healthcare Segment	$306.00M	-	-	-
Smoke-Free Products	$12.53B	-	-	-
Swedish Match AB Segment	$2.50B	-	-	-
SSEA, CIS & MEA Segment	$10.63B	-	-	-
European Union Segment	-	$12.12B	$12.28B	-
Other Segments	-	-	$101.00M	-
Reduced-Risk Products	-	-	-	$4.10B

Philip Morris's latest annual revenue breakdown by segment (product or service), as of Dec 23: Europe Segment (28.50%), Smoke-Free Products (26.27%), SSEA, CIS & MEA Segment (22.28%), EA, AU & PMI DF Segment (13.00%), Swedish Match AB Segment (5.23%), Americas Segment (4.07%), and Wellness and Healthcare Segment (0.64%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 22	Jun 22	Mar 22	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18
Smoke-Free Products	$3.78B	$3.61B	$3.39B	$3.49B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Combustible Products	$6.13B	$5.86B	$5.41B	$5.46B	$5.72B	$5.04B	$5.60B	$6.30B	$6.23B	$5.51B	$6.68B	$6.71B	$5.77B	-	-	-	-	-	-	-
SSEA, CIS & MEA Segment	-	-	-	$2.71B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Americas Segment	-	-	-	$545.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EA, AU & PMI DF Segment	-	-	-	$1.43B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Europe Segment	-	-	-	$3.61B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Swedish Match AB Segment	-	-	-	$682.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wellness and Healthcare Segment	-	-	-	$69.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
European Union Segment	-	-	-	-	$3.07B	$3.14B	$3.01B	$3.19B	$3.15B	-	-	-	-	-	-	-	-	-	-	-
Other Segments	-	-	-	-	-	-	$66.00M	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduced-Risk Products	-	-	-	-	-	-	-	-	-	$2.12B	$1.73B	$1.61B	$1.55B	$1.34B	$1.47B	$1.24B	$1.13B	$823.00M	$1.02B	$1.13B

Philip Morris's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Combustible Products (61.89%), and Smoke-Free Products (38.11%).

Philip Morris Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Americas Segment	$1.94B	$1.90B	$1.84B	-	-
Europe Segment	$13.60B	-	-	-	-
Middle East And Africa Segment	-	$3.90B	$3.29B	-	-
South And Southeast Asia Segment	-	$4.39B	$4.40B	-	-
Eastern Europe Segment	-	$3.73B	$3.54B	-	-
European Union Segment	-	$12.12B	$12.28B	-	-
East Asia And Australia Segment	-	$5.13B	$5.95B	-	-
European Union	-	-	-	$2.65B	$1.72B
Latin America And Canada	-	-	-	$31.00M	$27.00M
Middle East And Africa	-	-	-	$57.00M	$321.00M
South And Southeast Asia	-	-	-	$1.00M	-
East Asia And Australia	-	-	-	$2.96B	$2.67B
Eastern Europe	-	-	-	$1.13B	$844.00M

Philip Morris's latest annual revenue breakdown by geography, as of Dec 23: Europe Segment (87.49%), and Americas Segment (12.51%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Sep 22	Jun 22	Mar 22	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
European Union	$4.12B	$3.81B	$3.37B	$3.61B	$959.00M	$788.00M	$706.00M	$530.00M	$624.00M	$482.00M	$467.00M	$428.00M	-	-	-	-	-	-	-	-
East Asia And Australia	$1.60B	$1.67B	$1.68B	$824.00M	$792.00M	$753.00M	$802.00M	$613.00M	$651.00M	$572.00M	$765.00M	-	-	-	-	-	-	-	-	-
Americas Segment	$1.15B	$1.13B	$996.00M	$545.00M	$478.00M	$476.00M	$445.00M	$474.00M	$469.00M	$424.00M	$456.00M	-	-	-	-	-	-	-	-	-
East Asia & Australia Segment	-	-	-	$1.43B	$1.20B	$1.21B	$1.40B	$1.52B	$1.51B	-	-	-	-	-	-	-	-	-	-	-
Swedish Match AB Segment	-	-	-	$682.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
South And Southeast Asia	-	-	-	$2.71B	$2.00M	$1.18B	-	-	-	$1.49B	-	-	-	-	-	-	-	-	-	-
Wellness and Healthcare Segment	-	-	-	$69.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Europe Segment	-	-	-	$3.61B	$3.67B	$3.40B	$2.91B	-	-	-	-	-	-	-	-	-	-	-	-	-
European Union Segment	-	-	-	-	-	-	-	$3.07B	$3.14B	$3.01B	$3.19B	$3.15B	-	-	-	-	-	-	-	-
Middle East & Africa Segment	-	-	-	-	-	-	-	$980.00M	$1.01B	$246.00M	$945.00M	$560.00M	-	-	-	-	-	-	-	-
South & Southeast Asia Segment	-	-	-	-	-	-	-	$1.14B	$1.03B	$1.12B	$1.06B	$1.05B	-	-	-	-	-	-	-	-
Eastern Europe Segment	-	-	-	-	-	-	-	$1.11B	$898.00M	$726.00M	$941.00M	$895.00M	-	-	-	-	-	-	-	-
Latin America & Canada Segment	-	-	-	-	-	-	-	-	-	-	-	$430.00M	-	-	-	-	-	-	-	-
Latin America And Canada	-	-	-	-	-	-	-	-	-	-	-	-	$12.00M	$11.00M	$7.00M	$5.00M	$8.00M	$9.00M	$7.00M	$5.00M
Middle East And Africa	-	-	-	-	-	-	-	-	-	-	-	-	$21.00M	$5.00M	-	$8.00M	$44.00M	$73.00M	$63.00M	$86.00M
Eastern Europe	-	-	-	-	-	-	-	-	-	-	-	-	$304.00M	$339.00M	$263.00M	$261.00M	$265.00M	$318.00M	$235.00M	$182.00M

Philip Morris's latest quarterly revenue breakdown by geography, as of Sep 24: European Union (59.98%), East Asia And Australia (23.32%), and Americas Segment (16.71%).

Philip Morris Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PM	Philip Morris	$35.17B	$9.91B
BTI	British American Tobacco p.l.c.	$27.28B	$13.84B
MO	Altria Group	$20.50B	$6.26B
UVV	Universal	$2.75B	$597.05B
TPB	Turning Point Brands	$405.39M	$163.18M

PM Revenue FAQ

What is Philip Morris’s yearly revenue?

Philip Morris's yearly revenue for 2023 was $35.17B, representing an increase of 10.74% compared to 2022. The company's yearly revenue for 2022 was $31.76B, representing an increase of 1.14% compared to 2021. PM's yearly revenue for 2021 was $31.4B, representing an increase of 9.45% compared to 2020.

What is Philip Morris’s quarterly revenue?

Philip Morris's quarterly revenue for Q3 2024 was $9.91B, a 5.36% increase from the previous quarter (Q2 2024), and a 8.42% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $9.41B, a 6.98% increase from the previous quarter (Q1 2024), and a 4.91% increase year-over-year (Q2 2023). PM's quarterly revenue for Q1 2024 was $8.79B, a -2.81% decrease from the previous quarter (Q4 2023), and a 9.65% increase year-over-year (Q1 2023).

What is Philip Morris’s revenue growth rate?

Philip Morris's revenue growth rate for the last 3 years (2021-2023) was 12.00%, and for the last 5 years (2019-2023) was 18.01%.

What are Philip Morris’s revenue streams?

Philip Morris's revenue streams in c 23 are Europe Segment, EA, AU & PMI DF Segment, Americas Segment, Wellness and Healthcare Segment, Smoke-Free Products, Swedish Match AB Segment, and SSEA, CIS & MEA Segment. Europe Segment generated $13.6B in revenue, accounting 28.50% of the company's total revenue EA, AU & PMI DF Segment generated $6.2B in revenue, accounting 13.00% of the company's total revenue Americas Segment generated $1.94B in revenue, accounting 4.07% of the company's total revenue Wellness and Healthcare Segment generated $306M in revenue, accounting 0.64% of the company's total revenue Smoke-Free Products generated $12.53B in revenue, accounting 26.27% of the company's total revenue Swedish Match AB Segment generated $2.5B in revenue, accounting 5.23% of the company's total revenue SSEA, CIS & MEA Segment generated $10.63B in revenue, accounting 22.28% of the company's total revenue

What is Philip Morris’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Philip Morris was Europe Segment. This segment made a revenue of $13.6B, representing 28.50% of the company's total revenue.