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Philip Morris International Inc. Retained Earnings 2008-2026 | PM

Annual FY2008–FY2025 · quarterly through Q2 FY2026

Latest annual · FY2025

$35.40B

+7.7%YoY vs FY2024Source: 10-KFY2025

From $13.35B in FY2008 to $35.40B in FY2025: 2.7× in 17 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$35.5B+6.3%$36.1B+4.9%Not reportedNot reported
FY25$33.4B−2.2%$34.4B−0.6%$35.6B0.0%$35.4B+7.7%
FY24$34.2B−0.3%$34.6B+2.0%$35.6B+4.8%$32.9B−3.6%
FY23$34.3B+2.5%$33.9B+0.4%$33.9B+0.2%$34.1B−0.6%
FY22$33.5B+4.0%$33.8B+4.0%$33.9B+2.8%$34.3B+3.6%

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.

Key Statistics

Trend DirectionStable
CAGR

+2.3%

FY2020
$31.64B
FY2025
$35.40B

5 years selected · on the chart

01—History

Retained Earnings History

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

  18. $35.40B
YoY changeLargest recent move+4.6%in FY21Latest +7.7%

5 older moves run past ±10% (largest +20.0%); point at, tap or drag across the bars to read one.

02—Ledger

Retained Earnings, period by period

PeriodValueChangeSource
FY2025$35.40B+7.7%10-K
FY2024$32.87B−3.6%10-K
FY2023$34.09B−0.6%10-K
FY2022$34.29B+3.6%10-K
FY2021$33.08B+4.6%10-K
FY2020$31.64B+2.1%10-K
FY2019$30.99B−0.1%10-K
FY2018$31.01B+3.9%10-K
FY2017$29.86B−1.8%10-K
FY2016$30.40B+1.9%10-K
FY2015$29.84B+2.0%10-K
FY2014$29.25B+5.0%10-K
FY2013$27.84B+11.0%10-K
FY2012$25.08B+15.3%10-K
FY2011$21.76B+20.0%10-K
FY2010$18.13B+18.1%10-K
FY2009$15.36B+15.0%10-K
FY2008$13.35B—10-K

03—Questions

What is retained earnings?

Retained earnings represent the cumulative net income that has been reinvested in the business rather than distributed as dividends to shareholders.

What is Philip Morris International Inc.'s current retained earnings?

Philip Morris International Inc. (PM) annual retained earnings for 2025 was $35.40B, a 7.70% increase from 2024. Philip Morris International Inc. retained earnings for the quarter ending June 30, 2026 was $36.05B.

What was Philip Morris International Inc.'s retained earnings in 2024?

Philip Morris International Inc. annual retained earnings for 2024 was $32.87B, a 3.58% decline from 2023.

What was Philip Morris International Inc.'s retained earnings in 2023?

Philip Morris International Inc. annual retained earnings for 2023 was $34.09B, a 0.58% decline from 2022.

What is Philip Morris International Inc.'s 5-year retained earnings CAGR?

Philip Morris International Inc. retained earnings grew at a compound annual growth rate (CAGR) of 2.27% from FY2020 to FY2025, going from $31.64B to $35.40B over 5 years.

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