Philip Morris International Inc. (PM) Revenue by Segment

Philip Morris International revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Philip Morris International's largest business segment was International Combustibles, with $6.46 billion or 58% of revenue, up 9.8% from a year earlier. Next: International Smoke-Free (35%) and U.S. (8%).

By product or service, Combustible Tobacco Products brought in 58% and Smoke-Free Products brought in 42% of revenue in Q2 fiscal 2026.

By region, European Union brought in 38%, East Asia and Australia brought in 19% and South and Southeast Asia brought in 15% of revenue in Q1 fiscal 2021.

The fastest-growing business segment from a year earlier was International Smoke-Free (+14.2%).

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

Philip Morris International Inc.

PMEssential Consumer Products

United States

Essential Consumer Products

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

EuropeSsea, Cis & MeaInternational CombustiblesEuropean UnionInternational Smoke-FreeAmericasEast Asia & AustraliaEa, Au & Pmi GtrOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
International Combustibles	USD 6.46B	57.7%	+9.8%
International Smoke-Free	USD 3.88B	34.6%	+14.2%
U.S.	USD 856.00M	7.6%	-0.7%

Sum of items USD 11.19B. 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
Europe	–	–	4.6B	4.7B	–	–	4.1B	4.2B	3.9B	3.5B	–	3.8B	3.6B	3.1B	3.2B	3.3B	–	–	–	–	–	–	–	–	–
Ssea, Cis & Mea	–	–	3.1B	3.3B	–	–	2.9B	3.0B	2.8B	2.7B	–	2.8B	2.7B	2.5B	2.7B	2.8B	–	–	–	–	–	–	–	–	–
International Combustibles	6.5B	5.7B	–	–	5.9B	5.3B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
European Union	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.1B	3.0B	–	3.2B	3.1B	2.9B	–	3.0B	2.5B
International Smoke-Free	3.9B	3.8B	–	–	3.4B	3.1B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Americas	–	–	1.2B	1.1B	–	–	1.3B	1.1B	1.1B	996.0M	–	895.0M	969.0M	868.0M	749.0M	474.0M	469.0M	424.0M	–	456.0M	430.0M	434.0M	–	400.0M	–
East Asia & Australia	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.2B	1.4B	–	1.5B	1.5B	1.5B	–	1.4B	1.4B
Ea, Au & Pmi Gtr	–	–	1.4B	1.8B	–	–	1.4B	1.6B	1.7B	1.7B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Ea, Au & Pmi Df	–	–	–	–	–	–	–	–	–	–	–	1.6B	1.7B	1.5B	1.5B	1.4B	–	–	–	–	–	–	–	–	–
South & Southeast Asia	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.0B	1.1B	–	1.1B	1.0B	1.2B	–	1.1B	889.0M
Eastern Europe	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	898.0M	726.0M	–	941.0M	895.0M	796.0M	–	899.0M	783.0M
Middle East & Africa	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.0B	991.0M	–	945.0M	560.0M	801.0M	–	768.0M	704.0M
U.S.	856.0M	622.0M	–	–	862.0M	899.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Wellness and Healthcare	–	–	–	–	–	–	–	–	–	–	–	75.0M	76.0M	86.0M	72.0M	57.0M	76.0M	–	–	–	–	–	–	–	–
Latin America & Canada	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	368.0M
All other segments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	66.0M	–	–	–	–	–	–	–

Philip Morris International revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
International Combustibles	$6.5B	$5.7B	–	$5.9B	58%
International Smoke-Free	$3.9B	$3.8B	–	$3.4B	35%
U.S.	$856.0M	$622.0M	–	$862.0M	8%

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

Philip Morris International revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Combustible Tobacco Products	$6.5B	$5.8B	$6.4B	$6.0B	58%
Smoke-Free Products	$4.6B	$4.4B	$4.4B	$4.2B	42%

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

Philip Morris International revenue by region, last 4 quarters

Region	Q1 FY21	Q3 FY20	Q2 FY20	Q1 FY20	Share
European Union	$2.9B	$3.0B	$2.5B	$2.5B	38%
East Asia and Australia	$1.5B	$1.4B	$1.4B	$1.3B	19%
South and Southeast Asia	$1.2B	$1.1B	$889.0M	$1.3B	15%
Middle East and Africa	$801.0M	$768.0M	$704.0M	$876.0M	11%
Eastern Europe	$796.0M	$899.0M	$783.0M	$788.0M	10%
Latin America and Canada	$434.0M	$400.0M	$368.0M	$448.0M	6%

In USD, fiscal quarters as reported; share = part of Q1 FY21 revenue.

Questions and answers

What are Philip Morris International's business segments?

International Combustibles, International Smoke-Free and U.S. (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Philip Morris International?

International Combustibles: $6.46 billion, or 58% of revenue, in Q2 fiscal 2026.

What are Philip Morris International's main products and services?

By revenue in Q2 fiscal 2026: Combustible Tobacco Products (58%) and Smoke-Free Products (42%).

Where does Philip Morris International make its money?

By region in Q1 fiscal 2021: European Union (38%), East Asia and Australia (19%), South and Southeast Asia (15%) and Middle East and Africa (11%).

MorePhilip Morris International stock overview Philip Morris International financials Philip Morris International executive team Philip Morris International shareholders

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.