Philip Morris International (PM) Revenue — Quarter Ended Jun 30, 2023
In the second quarter of 2023, Philip Morris International saw revenue increase compared to both the previous quarter and the same period a year ago. The growth reflects higher net revenues during the quarter.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
In the second quarter of 2023, Philip Morris International saw revenue increase compared to both the previous quarter and the same period a year ago. The growth reflects higher net revenues during the quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9B
Revenue reported for this quarter.
Quarter-over-quarter
+11.8%
Change from the immediately preceding quarter.
Year-over-year
+14.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$33.2B
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 |
|---|---|---|
| Sep 30, 2022 | $8B | -1.1% |
| Dec 31, 2022 | $8.2B | +0.6% |
| Mar 31, 2023 | $8B | +3.5% |
| Jun 30, 2023 | $9B | +14.5% |
Revenue performance
Revenue for the quarter rose from the immediately preceding quarter and from the same quarter one year earlier.
Quarterly comparison
Sequentially, revenue improved from the first quarter of 2023, and on a year-over-year basis, it was higher than the second quarter of 2022.
What to watch
Future revenue trends will be important to monitor in subsequent quarters.