Philip Morris (PM) Revenue & Revenue Breakdown
Philip Morris Revenue Highlights
Latest Revenue (Y)
$35.17B
Latest Revenue (Q)
$9.47B
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 |
|---|---|---|
| 2024-06-30 | $9.47B | 7.68% |
| 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 $9.47B in revenue during Q2 2024, up 7.68% compared to the previous quarter, and up 118.07% 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 |
|---|---|---|---|---|
| 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 | - | - | - |
| Europe Segment | $13.60B | - | - | - |
| EA, AU & PMI DF Segment | $6.20B | - | - | - |
| 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 | 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 | $3.61B | $3.39B | $3.49B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Combustible Products | $5.86B | $5.41B | $5.46B | $5.72B | $5.04B | $5.60B | $6.30B | $6.23B | $5.51B | $6.68B | $6.71B | $5.77B | - | - | - | - | - | - | - |
| Americas Segment | - | - | $545.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EA, AU & PMI DF Segment | - | - | $1.43B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Europe Segment | - | - | $3.61B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| SSEA, CIS & MEA Segment | - | - | $2.71B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 Jun 24: Combustible Products (61.87%), and Smoke-Free Products (38.13%).
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 | - | - | - | - |
| Eastern Europe Segment | - | $3.73B | $3.54B | - | - |
| European Union Segment | - | $12.12B | $12.28B | - | - |
| East Asia And Australia Segment | - | $5.13B | $5.95B | - | - |
| South And Southeast Asia Segment | - | $4.39B | $4.40B | - | - |
| Middle East And Africa Segment | - | $3.90B | $3.29B | - | - |
| Latin America And Canada | - | - | - | $31.00M | $27.00M |
| South And Southeast Asia | - | - | - | $1.00M | - |
| East Asia And Australia | - | - | - | $2.96B | $2.67B |
| Eastern Europe | - | - | - | $1.13B | $844.00M |
| European Union | - | - | - | $2.65B | $1.72B |
| Middle East And Africa | - | - | - | $57.00M | $321.00M |
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 | 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 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| European Union | $3.81B | $3.37B | $3.61B | $959.00M | $788.00M | $706.00M | $530.00M | $624.00M | $482.00M | $467.00M | $428.00M | $347.00M | - | - | - | - | - | - | - | - |
| Americas Segment | $1.13B | $996.00M | $545.00M | $478.00M | $476.00M | $445.00M | $474.00M | $469.00M | $424.00M | $456.00M | - | - | - | - | - | - | - | - | - | - |
| East Asia And Australia | $1.67B | $1.68B | $824.00M | $792.00M | $753.00M | $802.00M | $613.00M | $651.00M | $572.00M | $765.00M | $683.00M | - | - | - | - | - | - | - | - | - |
| Swedish Match AB Segment | - | - | $682.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Wellness and Healthcare Segment | - | - | $69.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| East Asia & Australia Segment | - | - | $1.43B | $1.20B | $1.21B | $1.40B | $1.52B | $1.51B | - | - | - | - | - | - | - | - | - | - | - | - |
| South And Southeast Asia | - | - | $2.71B | $2.00M | $1.18B | - | - | - | $1.49B | - | - | - | - | - | - | - | - | - | - | - |
| Europe Segment | - | - | $3.61B | $3.67B | $3.40B | $2.91B | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| South & Southeast Asia Segment | - | - | - | - | - | - | $1.14B | $1.03B | $1.12B | $1.06B | $1.05B | - | - | - | - | - | - | - | - | - |
| Middle East & Africa Segment | - | - | - | - | - | - | $980.00M | $1.01B | $246.00M | $945.00M | $560.00M | - | - | - | - | - | - | - | - | - |
| European Union Segment | - | - | - | - | - | - | $3.07B | $3.14B | $3.01B | $3.19B | $3.15B | - | - | - | - | - | - | - | - | - |
| 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 | $6.00M |
| Middle East And Africa | - | - | - | - | - | - | - | - | - | - | - | $21.00M | $5.00M | - | $8.00M | $44.00M | $73.00M | $63.00M | $86.00M | $98.00M |
| Eastern Europe | - | - | - | - | - | - | - | - | - | - | - | $304.00M | $339.00M | $263.00M | $261.00M | $265.00M | $318.00M | $235.00M | $182.00M | $108.00M |
Philip Morris's latest quarterly revenue breakdown by geography, as of Jun 24: European Union (57.65%), East Asia And Australia (25.28%), and Americas Segment (17.06%).
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 Q2 2024 was $9.47B, a 7.68% increase from the previous quarter (Q1 2024), and a 5.59% increase year-over-year (Q2 2023). The company'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). PM's quarterly revenue for Q4 2023 was $9.05B, a -1.03% decrease from the previous quarter (Q3 2023), and a 10.98% increase year-over-year (Q4 2022).
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 Americas Segment, Wellness and Healthcare Segment, Smoke-Free Products, Swedish Match AB Segment, SSEA, CIS & MEA Segment, Europe Segment, and EA, AU & PMI DF Segment. 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 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
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.