Filing Flows › Philip Morris International (PM) › Gross margin
Philip Morris International (PM) gross margin by quarter
Philip Morris International's gross margin was 68.7% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026. Over the last 7 quarters it ranged from 65.5% (Q4 2025) to 68.7% (Q3 2026).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 68.7% | +0.2 pts | +0.8 pts |
| Q2 2026 | 68.4% | +0.4 pts | +0.7 pts |
| Q1 2026 | 68.1% | +2.6 pts | +0.6 pts |
| Q4 2025 | 65.5% | -2.4 pts | — |
| Q3 2025 | 67.9% | +0.2 pts | — |
| Q2 2025 | 67.7% | +0.3 pts | — |
| Q1 2025 | 67.4% | — | — |
Q3 2026 at a glance
Philip Morris International, Q3 2026: revenue $11.4B (+6% year over year), operating margin 42.5%, net earnings $3.3B, operating cash flow $5.4B. The chart follows the revenue to costs, profit and cash.
Questions
What is Philip Morris International's gross margin?
Philip Morris International's gross margin was 68.7% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026.
How has Philip Morris International's gross margin changed?
Over the last 7 quarters it ranged from 65.5% (Q4 2025) to 68.7% (Q3 2026).
Q3 2026 results → · How Philip Morris International makes money →