Philip Morris International (PM) Revenue — Quarter Ended Sep 30, 2023
Revenue increased in the reported quarter. Growth was moderate compared to the previous quarter and significant versus the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased in the reported quarter. Growth was moderate compared to the previous quarter and significant versus the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.1B
Revenue reported for this quarter.
Quarter-over-quarter
+1.9%
Change from the immediately preceding quarter.
Year-over-year
+13.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$34.3B
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 |
|---|---|---|
| Dec 31, 2022 | $8.2B | +0.6% |
| Mar 31, 2023 | $8B | +3.5% |
| Jun 30, 2023 | $9B | +14.5% |
| Sep 30, 2023 | $9.1B | +13.8% |
Revenue performance
The company's net revenues rose during the quarter, continuing the upward trend seen in prior periods.
Quarterly comparison
Compared with the immediately preceding quarter, revenue posted a modest increase. When measured against the same quarter one year earlier, the gain was substantially larger.
What to watch
Monitor whether the pace of sequential revenue growth remains steady in coming quarters.