Philip Morris International (PM) Revenue — Quarter Ended Mar 31, 2024
Revenue declined sequentially but rose from the year-ago quarter. The reported figure reflects a shift from the prior quarter's level.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined sequentially but rose from the year-ago quarter. The reported figure reflects a shift from the prior quarter's level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.8B
Revenue reported for this quarter.
Quarter-over-quarter
-2.8%
Change from the immediately preceding quarter.
Year-over-year
+9.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.9B
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, 2023 | $9B | +14.5% |
| Sep 30, 2023 | $9.1B | +13.8% |
| Dec 31, 2023 | $9B | +11.0% |
| Mar 31, 2024 | $8.8B | +9.7% |
Revenue performance
The company reported revenue growth compared to the same quarter of the previous year, though the amount was lower than the immediately preceding quarter.
Quarterly comparison
Sequentially, revenue decreased from the previous quarter, while year-over-year revenue increased from the same quarter a year ago.
What to watch
Monitor whether the sequential revenue decline continues in the upcoming quarters.