International Paper Company (IP) Revenue by Segment

International Paper revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), International Paper's largest business segment was Packaging Solutions North America, with $3.69 billion or 62% of revenue, down 4.5% from a year earlier. Next: Packaging Solutions EMEA (38%).

By region, United States brought in 59%, EMEA brought in 38% and Americas Other Than U S brought in 3% of revenue in Q2 fiscal 2026.

By subsegment, North American Industrial Packaging brought in 92% and EMEA Industrial Packaging brought in 8% of revenue in Q3 fiscal 2024.

The fastest-growing business segment from a year earlier was Packaging Solutions EMEA (-0.2%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

International Paper Company

IPNon-Energy Raw Materials

United States

Non-Energy Raw Materials

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Industrial PackagingPackaging Solutions North AmericaGlobal Cellulose FibersPackaging Solutions EMEANorth American Industrial PackagingPrinting PapersNorth American Printing PapersEMEA Industrial PackagingOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Packaging Solutions North America	USD 3.69B	61.7%	-4.5%
Packaging Solutions EMEA	USD 2.29B	38.3%	-0.2%
Corporate and Eliminationsi	USD 29.00M		–

Sum of items USD 5.97B; corporate items and eliminations USD 29.00M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Industrial Packaging	–	–	–	–	–	–	–	–	–	–	–	3.8B	3.9B	4.1B	–	4.4B	4.5B	4.4B	–	4.1B	4.0B	3.9B	–	3.8B	3.6B	3.8B	–	3.8B	–	–	–	4.0B	4.0B	3.8B	–	3.8B
Packaging Solutions North America	3.7B	3.6B	–	3.9B	3.9B	3.7B	–	3.6B	3.6B	3.5B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Global Cellulose Fibers	–	–	–	–	–	–	–	–	–	–	–	725.0M	698.0M	811.0M	–	887.0M	788.0M	710.0M	–	740.0M	680.0M	595.0M	–	564.0M	605.0M	568.0M	–	624.0M	661.0M	689.0M	736.0M	714.0M	692.0M	677.0M	–	654.0M
Packaging Solutions EMEA	2.3B	2.3B	–	2.3B	2.3B	1.6B	–	322.0M	328.0M	348.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
North American Industrial Packaging	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.4B	3.4B	3.6B	–	–	–	–	–
Printing Papers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	743.0M	583.0M	908.0M	–	1.1B	–	–	–	1.1B	1.1B	1.1B	–	1.0B
North American Printing Papers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	486.0M	496.0M	513.0M	–	–	–	–	–
EMEA Industrial Packaging	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	331.0M	339.0M	338.0M	–	–	–	–	–
European Papers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	321.0M	309.0M	320.0M	–	–	–	–	–
Eliminations	–	–	–	–	–	–	–	17.0M	61.0M	–	–	–	–	–	–	–	110.0M	121.0M	–	63.0M	60.0M	68.0M	–	48.0M	45.0M	57.0M	–	53.0M	54.0M	–	–	–	–	–	–	–
Brazilian Papers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	240.0M	215.0M	272.0M	–	–	–	–	–
Corporate Segment and Other Operating - Eliminations	–	–	–	–	–	–	–	–	–	–	–	101.0M	100.0M	126.0M	–	130.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
European Coated Paperboard	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	92.0M	91.0M	94.0M	–	–	–	–	–
Intersegment eliminations	–	–	–	–	–	–	–	–	–	81.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	- 43.0M	–	–	51.0M	59.0M	64.0M	–	2.0M
Brazilian Industrial Packaging	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	58.0M	57.0M	57.0M	–	–	–	–	–
India Papers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	53.0M	53.0M	52.0M	–	–	–	–	–
Corporate and Eliminations	29.0M	22.0M	–	–	- 9.0M	12.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

International Paper revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Packaging Solutions North America	$3.7B	$3.6B	$3.9B	$3.9B	62%
Packaging Solutions EMEA	$2.3B	$2.3B	$2.3B	$2.3B	38%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

International Paper revenue by region, last 4 quarters

Region	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
United States	$3.5B	$3.4B	$3.8B	$3.7B	59%
EMEA	$2.3B	$2.3B	$2.3B	$2.3B	38%
Americas Other Than U S	$169.0M	$196.0M	$155.0M	$187.0M	3%
Asia Pacific	$2.0M	$5.0M	–	$9.0M	under 1%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

International Paper revenue by subsegment, last 4 quarters

Subsegment	Q3 FY24	Q2 FY24	Q1 FY24	Q3 FY23	Share
North American Industrial Packaging	$3.6B	$3.6B	$3.5B	$3.5B	92%
EMEA Industrial Packaging	$322.0M	$328.0M	$348.0M	$316.0M	8%

In USD, fiscal quarters as reported; share = part of Q3 FY24 revenue.

Questions and answers

What are International Paper's business segments?

Packaging Solutions North America and Packaging Solutions EMEA (as reported for Q2 fiscal 2026).

Which business segment makes the most money for International Paper?

Packaging Solutions North America: $3.69 billion, or 62% of revenue, in Q2 fiscal 2026.

Where does International Paper make its money?

By region in Q2 fiscal 2026: United States (59%), EMEA (38%), Americas Other Than U S (3%) and Asia Pacific (under 1%).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.