01—History
R&D Expense History
Year-over-year comparison from 10-K annual reports · Dashed line: constant growth FY2020–FY2025. Drag across the bars to change the range.
- $756.0M
02—Ledger
R&D Expense, period by period
| Period | Scale | Value | Change | Source |
|---|---|---|---|---|
| FY2025 | $756.0M | −0.4% | 10-K | |
| FY2024 | $759.0M | +7.1% | 10-K | |
| FY2023 | $709.0M | +10.4% | 10-K | |
| FY2022 | $642.0M | +4.1% | 10-K | |
| FY2021 | $617.0M | +24.6% | 10-K | |
| FY2020 | $495.0M | +6.5% | 10-K | |
| FY2019 | $465.0M | +21.4% | 10-K | |
| FY2018 | $383.0M | −15.5% | 10-K | |
| FY2017 | $453.0M | +5.6% | 10-K | |
| FY2016 | $429.0M | +1.4% | 10-K | |
| FY2015 | $423.0M | −2.3% | 10-K | |
| FY2014 | $433.0M | −3.6% | 10-K | |
| FY2013 | $449.0M | +8.2% | 10-K | |
| FY2012 | $415.0M | +0.5% | 10-K | |
| FY2011 | $413.0M | +5.6% | 10-K | |
| FY2010 | $391.0M | +16.7% | 10-K | |
| FY2009 | $335.0M | +0.3% | 10-K | |
| FY2008 | $334.0M | — | 10-K |
03—Questions
What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is Philip Morris International Inc.'s current r&d expense?
Philip Morris International Inc. (PM) annual r&d expense for 2025 was $756.0M, a 0.40% decline from 2024.
What was Philip Morris International Inc.'s r&d expense in 2024?
Philip Morris International Inc. annual r&d expense for 2024 was $759.0M, a 7.05% increase from 2023.
What was Philip Morris International Inc.'s r&d expense in 2023?
Philip Morris International Inc. annual r&d expense for 2023 was $709.0M, a 10.44% increase from 2022.
What is Philip Morris International Inc.'s 5-year r&d expense CAGR?
Philip Morris International Inc. r&d expense grew at a compound annual growth rate (CAGR) of 8.84% from FY2020 to FY2025, going from $495.0M to $756.0M over 5 years.
- Company
- Philip Morris International Inc.
- Ticker
- PM
- Sector
- Other
- Industry
- Cigarettes