Philip Morris Operating Expenses — Historical Data
Philip Morris (PM) operating expenses was $12.2B in FY2025 (+11% YoY). The tables below show the complete quarterly and annual operating expenses history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual Operating Expenses
Fiscal Year
Operating Expenses
YoY
2025
$12.2B
+11%
2024
$11.1B
+3%
2023
$10.7B
+34%
2022
$8.0B
-2%
2021
$8.2B
+12%
2020
$7.3B
-12%
2019
$8.3B
+11%
2018
$7.5B
+11%
2017
$6.7B
+5%
2016
$6.4B
-5%
2015
$6.7B
-7%
2014
$7.2B
+4%
2013
$7.0B
-2%
2012
$7.1B
+1%
2011
$7.0B
+11%
2010
$6.3B
+5%
2009
$6.0B
-3%
2008
$6.1B
+18%
2007
$5.2B
Recent Quarterly Operating Expenses
Quarter
Operating Expenses
Q2 2026
$3.1B
Q1 2026
$3.0B
Q4 2025
$3.4B
Q3 2025
$3.1B
Q2 2025
$3.0B
Q1 2025
$2.7B
Q4 2024
$3.0B
Q3 2024
$2.9B
Q2 2024
$2.6B
Q1 2024
$2.5B
Q4 2023
$2.8B
Q3 2023
$2.6B
Source: PM on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.