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Philip Morris International Inc. Income Tax Expense 2007-2026 | PM

Annual FY2007–FY2025 · quarterly through Q2 FY2026

Latest annual · FY2025

$2.74B

−9.3%YoY vs FY2024Source: 10-KFY2025

From $2.57B in FY2007 to $2.74B in FY2025: 1.1× in 18 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$676M+2.6%$955M+46.5%Not reportedNot reported
FY25$659M−2.5%$652M−11.2%$751M+2.2%$675M−22.6%
FY24$676M+57.9%$734M+31.1%$735M−28.7%$872M+172.5%
FY23$428M−30.9%$560M−5.7%$1.0B+65.8%$320M−21.8%
FY22$619M−11.2%$594M−8.0%$622M−15.4%$409M−31.0%
Share23%25%29%23%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionStable
CAGR

+2.9%

FY2020
$2.38B
FY2025
$2.74B

5 years selected · on the chart

01—History

Income Tax Expense History

Year-over-year comparison from 10-K annual reports

  19. $2.74B
YoY changeLargest recent move+55.6%in FY17Latest −9.3%

02—Ledger

Income Tax Expense, period by period

PeriodValueChangeSource
FY2025$2.74B−9.3%10-K
FY2024$3.02B+29.0%10-K
FY2023$2.34B+4.2%10-K
FY2022$2.24B−16.0%10-K
FY2021$2.67B+12.4%10-K
FY2020$2.38B+3.7%10-K
FY2019$2.29B−6.2%10-K
FY2018$2.44B−43.2%10-K
FY2017$4.31B+55.6%10-K
FY2016$2.77B+3.0%10-K
FY2015$2.69B−13.2%10-K
FY2014$3.10B−15.6%10-K
FY2013$3.67B−4.3%10-K
FY2012$3.83B+4.9%10-K
FY2011$3.65B+29.3%10-K
FY2010$2.83B+5.0%10-K
FY2009$2.69B−3.4%10-K
FY2008$2.79B+8.4%10-K
FY2007$2.57B—10-K

03—Questions

What is income tax expense?

Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.

What is Philip Morris International Inc.'s current income tax expense?

Philip Morris International Inc. (PM) annual income tax expense for 2025 was $2.74B, a 9.28% decline from 2024. Philip Morris International Inc. income tax expense for the quarter ending June 30, 2026 was $955.0M.

What was Philip Morris International Inc.'s income tax expense in 2024?

Philip Morris International Inc. annual income tax expense for 2024 was $3.02B, a 28.99% increase from 2023.

What was Philip Morris International Inc.'s income tax expense in 2023?

Philip Morris International Inc. annual income tax expense for 2023 was $2.34B, a 4.23% increase from 2022.

What is Philip Morris International Inc.'s 5-year income tax expense CAGR?

Philip Morris International Inc. income tax expense grew at a compound annual growth rate (CAGR) of 2.86% from FY2020 to FY2025, going from $2.38B to $2.74B over 5 years.

Company
Philip Morris International Inc.
Ticker
PM
Sector
Other
Industry
Cigarettes
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