Philip Morris International (PM) Revenue — Quarter Ended Dec 31, 2023
Revenue for the fourth quarter edged slightly lower from the prior quarter, yet rose markedly versus the same quarter last year. The trailing twelve-month revenue indicates sustained annual growth.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the fourth quarter edged slightly lower from the prior quarter, yet rose markedly versus the same quarter last year. The trailing twelve-month revenue indicates sustained annual growth.
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
-1.0%
Change from the immediately preceding quarter.
Year-over-year
+11.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.2B
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 |
|---|---|---|
| Mar 31, 2023 | $8B | +3.5% |
| Jun 30, 2023 | $9B | +14.5% |
| Sep 30, 2023 | $9.1B | +13.8% |
| Dec 31, 2023 | $9B | +11.0% |
Revenue performance
The quarterly revenue came in at the same level as the second quarter of the calendar year, but slightly below the third quarter peak. On a year-over-year basis, the quarter maintained strong growth momentum.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was down marginally. Compared to the same quarter one year ago, revenue increased notably, continuing the positive trend seen throughout the fiscal year.
What to watch
Monitor whether the sequential revenue dip from the third quarter to the fourth quarter represents a seasonal pattern or a shift in demand.