R&D expense · 2011–2025

Philip Morris International R&D expense

$756M−0.4% · FY2025

Philip Morris International (PM) reported $756M in R&D expense for fiscal 2025, −0.4% year on year.

$413M2011$415M2012$449M2013$433M2014$423M2015$429M2016$453M2017$383M2018$465M2019$495M2020$617M2021$642M2022$709M2023$759M2024$756M2025
Philip Morris International — R&D expense, 2011–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$756M−0.4%Open →
FY20242024-12-31$759M+7.1%Open →
FY20232023-12-31$709M+10.4%Open →
FY20222022-12-31$642M+4.1%Open →
FY20212021-12-31$617M+24.6%Open →
FY20202020-12-31$495M+6.5%Open →
FY20192019-12-31$465M+21.4%Open →
FY20182018-12-31$383M−15.5%Open →
FY20172017-12-31$453M+5.6%Open →
FY20162016-12-31$429M+1.4%Open →
FY20152015-12-31$423M−2.3%Open →
FY20142014-12-31$433M−3.6%Open →
FY20132013-12-31$449M+8.2%Open →
FY20122012-12-31$415M+0.5%Open →
FY20112011-12-31$413M—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2011–2025 compound annual growth +4.4%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Philip Morris International R&D expense |url=https://companiesranked.com/en/company/philip-morris-international/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Philip Morris International R&D expense. CompaniesRanked. https://companiesranked.com/en/company/philip-morris-international/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-philip-morris-international-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Philip Morris International R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/philip-morris-international/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0001628280-26-005939 · February 6, 2026

{{cite web |title=Philip Morris International R&D expense — 10-K (0001628280-26-005939) |url=https://www.sec.gov/Archives/edgar/data/1413329/000162828026005939/pm-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-06}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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