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

DateRevenueChange
2023-12-31$35.17B10.74%
2022-12-31$31.76B1.14%
2021-12-31$31.41B9.45%
2020-12-31$28.69B-3.73%
2019-12-31$29.80B0.61%
2018-12-31$29.63B3.05%
2017-12-31$28.75B7.73%
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$31.38B0.90%
2011-12-31$31.10B14.29%
2010-12-31$27.21B8.68%
2009-12-31$25.04B-2.61%
2008-12-31$25.70B12.75%
2007-12-31$22.80B-52.76%
2006-12-31$48.26B6.56%
2005-12-31$45.29B35.64%
2003-12-31$33.39B312.01%
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

DateRevenueChange
2024-09-30$9.91B5.36%
2024-06-30$9.41B6.98%
2024-03-31$8.79B-2.81%
2023-12-31$9.05B-1.03%
2023-09-30$9.14B1.94%
2023-06-30$8.97B11.82%
2023-03-31$8.02B-1.63%
2022-12-31$8.15B1.49%
2022-09-30$8.03B2.55%
2022-06-30$7.83B1.11%
2022-03-31$7.75B-4.42%
2021-12-31$8.10B-0.22%
2021-09-30$8.12B6.95%
2021-06-30$7.59B0.12%
2021-03-31$7.58B1.89%
2020-12-31$7.44B-0.03%
2020-09-30$7.45B11.95%
2020-06-30$6.65B-7.02%
2020-03-31$7.15B-7.26%
2019-12-31$7.71B0.93%
2019-09-30$7.64B-0.74%
2019-06-30$7.70B14.04%
2019-03-31$6.75B-9.97%
2018-12-31$7.50B-0.07%
2018-09-30$7.50B-2.87%
2018-06-30$7.73B12.04%
2018-03-31$6.90B-16.86%
2017-12-31$8.29B10.99%
2017-09-30$7.47B8.04%
2017-06-30$6.92B14.07%
2017-03-31$6.06B-13.01%
2016-12-31$6.97B-0.16%
2016-09-30$6.98B5.01%
2016-06-30$6.65B9.30%
2016-03-31$6.08B-4.83%
2015-12-31$6.39B-7.72%
2015-09-30$6.93B0.99%
2015-06-30$6.86B3.67%
2015-03-31$6.62B-8.07%
2014-12-31$7.20B-8.39%
2014-09-30$7.86B0.76%
2014-06-30$7.80B12.72%
2014-03-31$6.92B-11.20%
2013-12-31$7.79B-1.74%
2013-09-30$7.93B0.13%
2013-06-30$7.92B4.39%
2013-03-31$7.58B-3.87%
2012-12-31$7.89B-0.39%
2012-09-30$7.92B-2.46%
2012-06-30$8.12B9.02%
2012-03-31$7.45B-2.91%
2011-12-31$7.67B-8.26%
2011-09-30$8.36B1.08%
2011-06-30$8.27B21.82%
2011-03-31$6.79B-3.50%
2010-12-31$7.04B6.40%
2010-09-30$6.61B-6.33%
2010-06-30$7.06B8.70%
2010-03-31$6.50B-3.29%
2009-12-31$6.72B1.97%
2009-09-30$6.59B7.39%
2009-06-30$6.13B9.59%
2009-03-31$5.60B-2.03%
2008-12-31$5.71B-17.83%
2008-09-30$6.95B3.64%
2008-06-30$6.71B5.99%
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/ServiceDec 23Dec 22Dec 21Dec 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/ServiceSep 24Jun 24Mar 24Dec 23Sep 22Jun 22Mar 22Sep 21Jun 21Mar 21Sep 20Jun 20Mar 20Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 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

CountryDec 23Dec 22Dec 21Dec 20Dec 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

CountrySep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Sep 22Jun 22Mar 22Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 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


TickerCompanyLast Year RevenueLast Quarter Revenue
PMPhilip Morris$35.17B$9.91B
BTIBritish American Tobacco p.l.c.$27.28B$13.84B
MOAltria Group$20.50B$6.26B
UVVUniversal$2.75B$597.05B
TPBTurning Point Brands$405.39M$163.18M

PM Revenue FAQ


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.

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).

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%.

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

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.