Revenue breakdown by Products & Services
Revenue breakdown by Geography

Philip Morris International's Revenue by Segment

In fiscal year 2024, Philip Morris International's revenue by segment (products & services) are as follows:

  • Combustible Products: $23.22 B
  • Reduced-Risk Products: $14.66 B

Learn more about Philip Morris International’s Revenue by Geography

Check out competitors to Philip Morris International in a side-by-side comparison.

Explore additional financial metrics for Philip Morris International.

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The above chart shows Philip Morris International's revenue percentage share by segment (products and services).

In fiscal year 2022, Philip Morris International's revenue by segment is as follows:

  • Combustible Products generated $21.57 B in revenue, representing 67.92% of its total revenue.
  • Reduced-Risk Products generated $10.19 B in revenue, representing 32.08% of its total revenue.

The biggest segment for Philip Morris International is the Combustible Products, which represents 67.92% of its total revenue.
The smallest segment for Philip Morris International is the Reduced-Risk Products, which represents 32.08% of its total revenue.

The above chart shows Philip Morris International's revenue percentage share by segment (products and services).

In fiscal year 2023, Philip Morris International's revenue by segment is as follows:

  • Combustible Products generated $22.33 B in revenue, representing 63.5% of its total revenue.
  • Reduced-Risk Products generated $12.84 B in revenue, representing 36.5% of its total revenue.

The biggest segment for Philip Morris International is the Combustible Products, which represents 63.5% of its total revenue.
The smallest segment for Philip Morris International is the Reduced-Risk Products, which represents 36.5% of its total revenue.

The above chart shows Philip Morris International's revenue percentage share by segment (products and services).

In fiscal year 2024, Philip Morris International's revenue by segment is as follows:

  • Combustible Products generated $23.22 B in revenue, representing 61.3% of its total revenue.
  • Reduced-Risk Products generated $14.66 B in revenue, representing 38.7% of its total revenue.

The biggest segment for Philip Morris International is the Combustible Products, which represents 61.3% of its total revenue.
The smallest segment for Philip Morris International is the Reduced-Risk Products, which represents 38.7% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2022 2023 2024
Combustible Products 67.92% 63.5% 61.3%
Reduced-Risk Products 32.08% 36.5% 38.7%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Philip Morris International.

In fiscal year 2024, the Combustible Products generated the most revenue ($23.22 B), and the Reduced-Risk Products generated the least revenue ($14.66 B).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Combustible Products revenue increased 3.96% ($884.00 M) from $22.33 B (in 2023) to $23.22 B (in 2024).
  • Reduced-Risk Products revenue increased 14.17% ($1.82 B) from $12.84 B (in 2023) to $14.66 B (in 2024).
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    Summary Table

    Products & Services 2022 2023 2024
    Combustible Products $21.57 B - $22.33 B
    3.53%
    $23.22 B
    3.96%
    Reduced-Risk Products $10.19 B - $12.84 B
    26.01%
    $14.66 B
    14.17%
    Total Revenue $31.76 B - $35.17 B
    10.74%
    $37.88 B
    7.69%