Philip Morris International Inc. (PM) Operating Margin
- Operating margin · 12 months: Value 37.75%; Formula and calculation Operating income / revenue. Period ending 2026-06-30..
Operating margin
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Operating margin · 12 months | 37.75% | Operating income / revenue. Period ending 2026-06-30. $16.06B ÷ $42.55B × 100 ≈ 37.75% |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating income | 16.06B USD | Operating Income (Loss) |
| Revenue | 42.55B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Cost of products and services | 13.84B USD | Cost of Goods and Services Sold |
| Research and development | (m) | Research and Development Expense |
| Selling, general and administration | (m) |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Operating income (USD) | Revenue (USD) | Cost of products and services (USD) | Research and development (USD) | Selling, general and administration (USD) | Operating margin |
|---|---|---|---|---|---|---|
| 2026-06-30 | $16.06B | $42.55B | $13.84B | (m) | (m) | 37.75% |
| 2026-03-31 | $15.24B | $41.49B | $13.58B | (m) | (m) | 36.73% |
| 2025-12-31 | $14.89B | $40.65B | $13.37B | $756.00M | (m) | 36.64% |
| 2025-09-30 | $14.78B | $39.99B | $13.23B | (m) | (m) | 36.95% |
| 2025-06-30 | $14.17B | $39.06B | $13.11B | (m) | (m) | 36.28% |
| 2025-03-31 | $13.90B | $38.39B | $13.17B | (m) | (m) | 36.21% |
| 2024-12-31 | $13.40B | $37.88B | $13.33B | $759.00M | (m) | 35.38% |
| 2024-09-30 | $13.03B | $37.22B | $13.37B | (m) | (m) | 35.01% |
| 2024-06-30 | $12.75B | $36.45B | $13.17B | (m) | (m) | 34.97% |
| 2024-03-31 | $11.87B | $35.95B | $13.05B | (m) | (m) | 33.02% |
| 2023-12-31 | $11.56B | $35.17B | $12.89B | $709.00M | (m) | 32.85% |
| 2023-09-30 | $11.59B | $34.28B | $12.64B | (m) | (m) | 33.81% |
| 2023-06-30 | $11.19B | $33.17B | $12.41B | (m) | (m) | 33.73% |
| 2023-03-31 | $11.68B | $32.03B | $11.83B | (m) | (m) | 36.46% |
| 2022-12-31 | $12.25B | $31.76B | $11.40B | $642.00M | (m) | 38.56% |
| 2022-09-30 | $12.27B | $31.71B | $11.00B | (m) | (m) | 38.69% |
| 2022-06-30 | $12.76B | $31.80B | $10.66B | (m) | (m) | 40.11% |
| 2022-03-31 | $12.83B | $31.57B | $10.36B | (m) | (m) | 40.64% |
| 2021-12-31 | $12.97B | $31.41B | $10.03B | $617.00M | (m) | 41.32% |
| 2021-09-30 | $12.93B | $30.75B | $9.79B | (m) | (m) | 42.07% |
| 2021-06-30 | $12.72B | $30.07B | $9.62B | (m) | (m) | 42.31% |
| 2021-03-31 | $12.32B | $29.13B | $9.44B | (m) | (m) | 42.31% |
| 2020-12-31 | $11.67B | $28.69B | $9.57B | $495.00M | (m) | 40.66% |
| 2020-09-30 | $11.27B | $28.96B | $9.78B | (m) | (m) | 38.91% |
| 2020-06-30 | $10.81B | $29.16B | $9.96B | (m) | (m) | 37.09% |
| 2020-03-31 | $11.27B | $30.21B | $10.45B | (m) | (m) | 37.31% |
| 2019-12-31 | $10.53B | $29.80B | $10.51B | $465.00M | (m) | 35.33% |
| 2019-09-30 | $10.73B | $29.59B | $10.52B | (m) | (m) | 36.25% |
| 2019-06-30 | $11.10B | $29.45B | $10.53B | (m) | (m) | 37.67% |
| 2019-03-31 | $11.00B | $29.48B | $10.61B | (m) | (m) | 37.32% |
| 2018-12-31 | $11.38B | $29.63B | $10.76B | $383.00M | (m) | 38.40% |
| 2018-09-30 | $11.94B | $79.77B | (m) | (m) | (m) | 14.96% |
| 2018-06-30 | $11.87B | $79.74B | (m) | (m) | (m) | 14.88% |
| 2018-03-31 | $11.51B | $78.93B | (m) | (m) | (m) | 14.59% |
| 2017-12-31 | $11.50B | $78.10B | (m) | $453.00M | (m) | 14.73% |
| 2017-09-30 | $10.80B | $75.70B | (m) | (m) | (m) | 14.26% |
| 2017-06-30 | $10.71B | $75.00B | (m) | (m) | (m) | 14.27% |
| 2017-03-31 | $10.74B | $74.72B | (m) | (m) | (m) | 14.37% |
| 2016-12-31 | $10.81B | $74.95B | (m) | $429.00M | (m) | 14.43% |
| 2016-09-30 | $10.10B | $74.14B | (m) | (m) | (m) | 13.63% |
| 2016-06-30 | $10.09B | $73.62B | (m) | (m) | (m) | 13.70% |
| 2016-03-31 | $10.22B | $73.34B | (m) | (m) | (m) | 13.94% |
| 2015-12-31 | $10.62B | $73.91B | (m) | $423.00M | (m) | 14.37% |
| 2015-09-30 | $11.25B | $75.48B | (m) | (m) | (m) | 14.91% |
| 2015-06-30 | $11.64B | $77.39B | (m) | (m) | (m) | 15.04% |
| 2015-03-31 | $11.62B | $79.68B | (m) | (m) | (m) | 14.59% |
| 2014-12-31 | $11.70B | $80.11B | (m) | $433.00M | (m) | 14.61% |
| 2014-09-30 | $12.36B | $80.56B | (m) | (m) | (m) | 15.34% |
| 2014-06-30 | $12.61B | $79.85B | (m) | (m) | (m) | 15.79% |
| 2014-03-31 | $13.07B | $79.28B | (m) | (m) | (m) | 16.49% |
| 2013-12-31 | $13.52B | $80.03B | (m) | $449.00M | (m) | 16.89% |
| 2013-09-30 | $13.53B | $79.38B | (m) | (m) | (m) | 17.04% |
| 2013-06-30 | $13.56B | $78.34B | (m) | (m) | (m) | 17.31% |
| 2013-03-31 | $13.83B | $77.90B | (m) | (m) | (m) | 17.75% |
| 2012-12-31 | $13.85B | $77.39B | (m) | $415.00M | (m) | 17.89% |
| 2012-09-30 | $13.57B | $76.53B | (m) | (m) | (m) | 17.73% |
| 2012-06-30 | $13.62B | $77.64B | (m) | (m) | (m) | 17.54% |
| 2012-03-31 | $13.73B | $77.84B | (m) | (m) | (m) | 17.64% |
| 2011-12-31 | $13.33B | $76.35B | (m) | $413.00M | (m) | 17.46% |
| 2011-09-30 | $13.14B | $75.28B | (m) | (m) | (m) | 17.45% |
| 2011-06-30 | $12.30B | $71.51B | (m) | (m) | (m) | 17.20% |
| 2011-03-31 | $11.49B | $68.66B | (m) | (m) | (m) | 16.74% |
| 2010-12-31 | $11.20B | $67.71B | (m) | $391.00M | (m) | 16.54% |
| 2010-09-30 | $10.90B | $66.91B | (m) | (m) | (m) | 16.29% |
| 2010-06-30 | $10.91B | $66.55B | (m) | (m) | (m) | 16.40% |
| 2010-03-31 | $10.44B | $64.38B | (m) | (m) | (m) | 16.21% |
| 2009-12-31 | $10.04B | $62.08B | (m) | (m) | (m) | 16.17% |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-31 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | $10.25B | $63.64B | (m) | (m) | (m) | 16.10% |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | $8.89B | $55.24B | (m) | (m) | (m) | 16.10% |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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