Tax Rate: 20.75%
Is the tax rate high or low?
The tax rate of 20.75% is in line with its 5-year average of 20.07%, around the middle of its 5-year range (11.38%–32.20%).
6.91% above its 12-month average of 19.41%.
PM Tax Rate
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
PM Average Tax Rate Chart
PM Current vs Average Tax Rate Chart
PM Tax Rate Metrics
TAX RATE
20.75%
TAX RATE AVG TTM
19.41%
TAX RATE AVG 3Y
18.89%
TAX RATE AVG 5Y
19.46%
TAX RATE AVG 10Y
22.38%
TAX RATE AVG 15Y
24.16%
TAX RATE AVG 20Y
25.08%
CURRENT VS TTM AVG
+6.91%
CURRENT VS 3Y AVG
+9.82%
CURRENT VS 5Y AVG
+6.62%
CURRENT VS 10Y AVG
-7.30%
CURRENT VS 15Y AVG
-14.12%
CURRENT VS 20Y AVG
-17.27%
Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Tax Rate FAQ
- What is the tax rate for Philip Morris International Inc. (PM)?
- The tax rate for PM stock is 20.75%.
- Is Philip Morris International Inc.'s tax rate high or low?
- The tax rate of 20.75% is in line with its 5-year average of 20.07%, around the middle of its 5-year range (11.38%–32.20%).
- What is the TTM average tax rate for Philip Morris International Inc. (PM)?
- The TTM average tax rate for PM stock is 19.41%.
- What is the 3Y average tax rate for Philip Morris International Inc. (PM)?
- The 3Y average tax rate for PM stock is 18.89%.
- What is the 5Y average tax rate for Philip Morris International Inc. (PM)?
- The 5Y average tax rate for PM stock is 19.46%.
- What is the 10Y average tax rate for Philip Morris International Inc. (PM)?
- The 10Y average tax rate for PM stock is 22.38%.
- What is the 15Y average tax rate for Philip Morris International Inc. (PM)?
- The 15Y average tax rate for PM stock is 24.16%.
- What is the 20Y average tax rate for Philip Morris International Inc. (PM)?
- The 20Y average tax rate for PM stock is 25.08%.
PM Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2026-03-31 | 20.75% |
| 2025-12-31 | 23.08% |
| 2025-09-30 | 17.21% |
| 2025-06-30 | 17.16% |
| 2025-03-31 | 18.85% |
| 2024-12-31 | 11.38% |
| 2024-09-30 | 18.61% |
| 2024-06-30 | 22.50% |
| 2024-03-31 | 23.13% |
| 2023-12-31 | 12.15% |
| 2023-09-30 | 32.20% |
| 2023-06-30 | 24.98% |
| 2023-03-31 | 16.92% |
| 2022-12-31 | 14.09% |
| 2022-09-30 | 21.87% |
| 2022-06-30 | 20.20% |
| 2022-03-31 | 20.07% |
| 2021-12-31 | 21.01% |
| 2021-09-30 | 22.12% |
| 2021-06-30 | 21.94% |
| 2021-03-31 | 21.17% |
| 2020-12-31 | 22.44% |
| 2020-09-30 | 20.80% |
| 2020-06-30 | 20.49% |
| 2020-03-31 | 23.07% |
| 2019-12-31 | 25.90% |
| 2019-09-30 | 23.69% |
| 2019-06-30 | 20.05% |
| 2019-03-31 | 22.46% |
| 2018-12-31 | 21.57% |
| 2018-09-30 | 22.79% |
| 2018-06-30 | 21.91% |
| 2018-03-31 | 25.34% |
| 2017-12-31 | 74.00% |
| 2017-09-30 | 28.42% |
| 2017-06-30 | 27.22% |
| 2017-03-31 | 24.85% |
| 2016-12-31 | 27.29% |
| 2016-09-30 | 27.71% |
| 2016-06-30 | 28.30% |
| 2016-03-31 | 28.19% |
| 2015-12-31 | 24.09% |
| 2015-09-30 | 27.38% |
| 2015-06-30 | 27.94% |
| 2015-03-31 | 29.97% |
| 2014-12-31 | 28.30% |
| 2014-09-30 | 29.46% |
| 2014-06-30 | 28.41% |
| 2014-03-31 | 28.83% |
| 2013-12-31 | 30.49% |
| 2013-09-30 | 28.38% |
| 2013-06-30 | 28.90% |
| 2013-03-31 | 29.61% |
| 2012-12-31 | 26.72% |
| 2012-09-30 | 31.89% |
| 2012-06-30 | 29.10% |
| 2012-03-31 | 30.03% |
| 2011-06-30 | 29.08% |
| 2011-03-31 | 28.88% |
| 2010-12-31 | 28.37% |
| 2010-09-30 | 27.84% |
| 2010-06-30 | 23.89% |
| 2010-03-31 | 29.61% |
| 2009-12-31 | 28.52% |
| 2009-09-30 | 29.48% |
| 2009-06-30 | 28.58% |
| 2009-03-31 | 29.83% |
| 2008-12-31 | 28.38% |
| 2008-09-30 | 23.64% |
| 2008-06-30 | 31.02% |
| 2008-03-31 | 29.60% |
| 2007-12-31 | 28.16% |
| 2007-09-30 | 28.28% |
| 2007-06-30 | 30.17% |
| 2007-03-31 | 29.14% |
| 2006-12-31 | 0.00% |
| 2006-09-30 | 0.00% |
| 2006-06-30 | 0.00% |
| 2006-03-31 | 0.00% |
| 2001-09-30 | 22.45% |
Related Metrics
About Philip Morris International Inc.
Philip Morris International Inc. functions as a prominent tobacco enterprise, actively working toward a smoke-free future. The company is strategically diversifying its long-term product range to incorporate items beyond traditional tobacco and nicotine. Its primary business involves both conventional cigarettes and an expanding array of smoke-free alternatives, such as innovative heat-not-burn devices, vapor products, and oral nicotine solutions. These offerings are distributed in markets worldwide, with the exception of the United States. The smoke-free portfolio includes brands like HEETS (encompassing Creations, Dimensions, Marlboro variants), Parliament HeatSticks, and TEREA, in addition to KT&G-licensed brands Fiit and Miix. For conventional cigarettes, the company sells internationally recognized brands such as Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris. Regionally, it also owns major cigarette brands like Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia, and Fortune and Jackpot in the Philippines. PMI's smoke-free innovations are currently available across 71 global markets. Established in 1987, Philip Morris International Inc. is headquartered in New York, New York.
- Sector
- Consumer Defensive
- Industry
- Tobacco
- CEO
- Jacek Olczak