Philip Morris International Inc. Financial Statements FY2024-FY2026Q3

Philip Morris International Inc. (PM) Financial Statements in Beancount — Open Ledger

Philip Morris International's income statement and balance sheet, FY2024 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and Form 8-K filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/philip-morris

Latest analysis: Philip Morris Q3 2026 Earnings: Record $11.4B Revenue as Reported EPS Falls to $2.12

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end December 31. All figures sourced from Philip Morris International Inc. Form 10-K and Form 8-K earnings-release exhibits (SEC EDGAR, CIK 0001413329; NYSE: PM). The balance sheet carries a stockholders' deficit in every period because treasury stock at cost (about $35.5 billion) exceeds paid-in capital plus reinvested earnings; the FY2026Q3 file is modeled from the condensed statements in the earnings release, so its receivables, inventories, payables and equity components sit in aggregates that the FY2026 10-K will restore.

Quick Start

uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

• Balance sheet — pad / balance directives assert each period-end
  figure against the filing named in that period file's source banner.
• Income statement — one zero-sum transaction per period: Income
  negative (credit), Expenses positive (debit), with the arithmetic check in
  a comment directly above it.
• Unit — MUSD; 11,438 MUSD means 11,438 million US dollars.
• Additional accounts — Assets:Current:Inventory (leaf tobacco, raw
  materials, finished product), Assets:NonCurrent:LongTermInvestments (equity
  investments), Equity:TreasuryStock (repurchased stock at cost, a debit —
  the reason book equity is negative), Equity:UndisaggregatedParent (the Q3
  PMI equity total) and Equity:NoncontrollingInterests, opened beyond the
  standard chart (see each account's open line in main.bean).
• Revenue is net of excise tax. PMI's filings print net revenues after the
  excise tax on products (over $50 billion a year); that tax never touches the
  ledger's Income:Revenue.
• Net income means attributable to PMI. Each income statement adds the
  noncontrolling-interest share back on Expenses:OtherNet, exactly as the
  filing's walk from consolidated to attributable net earnings does, so the
  offset is the headline number.
• Named one-offs stay labeled. The FY2024 RBH equity-investment impairment
  (2,316) and the FY2025 goodwill impairment (41) each get their own labeled
  Expenses:OtherNet posting with the 10-K note cited.

Analysis

• Philip Morris Q3 2026 Earnings: Record $11.4B Revenue as Reported EPS Falls to $2.12 — FY2026Q3

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Philip Morris International Inc.'s publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Philip Morris International Inc.; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.