Philip Morris (PM) r&d spend was $756M in FY2025 (-0% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$756M
-0%
2024
$759M
+7%
2023
$709M
+10%
2022
$642M
+4%
2021
$617M
+25%
2020
$495M
+6%
2019
$465M
+21%
2018
$383M
-15%
2017
$453M
+6%
2016
$429M
+1%
2015
$423M
-2%
2014
$433M
-4%
2013
$449M
+8%
2012
$415M
+0%
2011
$413M
+6%
2010
$391M
+17%
2009
$335M
+0%
2008
$334M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q4 2025
$756M
Q4 2024
$759M
Q4 2023
$709M
Q4 2022
$642M
Q4 2021
$617M
Q4 2020
$495M
Q4 2019
$465M
Q4 2018
$383M
Q4 2017
$453M
Q4 2016
$429M
Q4 2015
$423M
Q4 2014
$433M
Source: PM on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.