Philip Morris International (PM) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined from the immediately preceding quarter but rose compared to the same quarter last year. This reflects a mixed sequential performance after a period of variability in recent quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined from the immediately preceding quarter but rose compared to the same quarter last year. This reflects a mixed sequential performance after a period of variability in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8B
Revenue reported for this quarter.
Quarter-over-quarter
-1.6%
Change from the immediately preceding quarter.
Year-over-year
+3.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$32B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $7.8B | +3.1% |
| Sep 30, 2022 | $8B | -1.1% |
| Dec 31, 2022 | $8.2B | +0.6% |
| Mar 31, 2023 | $8B | +3.5% |
Revenue performance
Net revenue was lower than the prior quarter, marking a sequential decrease after a period of alternating quarters. The year-over-year comparison, however, showed growth, maintaining a positive trend from the same period a year earlier.
Quarterly comparison
Compared to the immediately preceding quarter, revenue contracted, while relative to the same quarter one year earlier, revenue expanded. This pattern indicates a quarterly dip against a backdrop of year-over-year improvement.
What to watch
Observe whether the company can sustain year-over-year revenue growth in upcoming quarters, especially given the sequential decline in the latest period.