What is the current annual cost of goods sold of PM?

As of today, PM annual cost of goods sold is $13.37B

What is 1-year change in PM annual cost of goods sold?

PM annual cost of goods sold is down -5.29% year-over-year

What is 3-year change in PM annual cost of goods sold?

PM annual cost of goods sold is up +17.23% over the past 3 years

How far is PM annual cost of goods sold from its all-time high?

PM annual cost of goods sold is currently -43.89% below its historical high of $23.82B set on December 31, 2003

How does PM annual cost of goods sold rank versus sector peers?

PM annual cost of goods sold is higher than 90.04% of companies in Consumer Defensive sector

When is PM next annual earnings release?

As of today, the next annual earnings release for PM has not been scheduled

What is the current quarterly cost of goods sold of PM?

As of today, PM quarterly cost of goods sold is $3.86B

What is PM quarterly cost of goods sold most recent change?

PM quarterly cost of goods sold was up +8.21% on June 30, 2026

What is 1-year change in PM quarterly cost of goods sold?

PM quarterly cost of goods sold is up +9.50% year-over-year

How far is PM quarterly cost of goods sold from its all-time high?

PM quarterly cost of goods sold is currently at its all-time high

How does PM quarterly cost of goods sold rank versus sector peers?

PM quarterly cost of goods sold is higher than 89.87% of companies in Consumer Defensive sector

When is PM next earnings release?

The next earnings release for PM is on October 21, 2026

What is the current TTM cost of goods sold of PM?

As of today, PM TTM cost of goods sold is $14.72B

What is PM TTM cost of goods sold most recent change?

PM TTM cost of goods sold was up +2.33% on June 30, 2026

What is 1-year change in PM TTM cost of goods sold?

PM TTM cost of goods sold is up +4.52% year-over-year

How far is PM TTM cost of goods sold from its all-time high?

PM TTM cost of goods sold is currently at its all-time high

How does PM TTM cost of goods sold rank versus sector peers?

PM TTM cost of goods sold is higher than 89.87% of companies in Consumer Defensive sector

When is PM next earnings release?

The next earnings release for PM is on October 21, 2026

PM Cost Of Goods Sold History & Chart Since 2003

Annual Cost Of Goods Sold

$13.37B$747.00M-5.29%

December 31, 2025

Summary

Current Value: As of today, PM annual cost of goods sold is $13.37B, down -5.29% on December 31, 2025
Historical Performance: PM annual cost of goods sold is up +17.23% over the past 3 years, up +38.52% over the past 5 years
All-Time High Comparison: PM annual cost of goods sold is currently -43.89% below its historical high of $23.82B set on December 31, 2003
3-Year Low Comparison: PM annual cost of goods sold is +17.23% above its 3-year low of $11.40B reached on an earlier date
Sector Comparison: PM annual cost of goods sold is higher than 90.04% of companies in Consumer Defensive sector

Cost Of Goods Sold Chart

beforeafter

Performance

PM Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Cost Of Goods Sold	Dec 31, 25	$13.37B	-5.3%	+17.2%	+38.5%	+37.9%
Quarterly Cost Of Goods Sold	Jun 30, 26	$3.86B	+9.5%	+19.6%	+62.7%	+34.6%
TTM Cost Of Goods Sold	Jun 30, 26	$14.72B	+4.5%	+18.1%	+51.9%	+46.6%
Price	Aug 6, 26	$188.62	+12.9%	+96.0%	+90.1%	+172.0%
Annual Total Expenses	Dec 31, 25	$29.33B	-4.3%	+30.3%	+42.0%	+47.0%
Annual Operating Expenses	Dec 31, 25	$12.35B	+19.4%	+58.8%	+76.8%	+101.0%
Annual Gross Profit	Dec 31, 25	$27.28B	+15.7%	+35.5%	+43.2%	+56.0%
Annual Revenue	Dec 31, 25	$40.54B	+7.6%	+28.6%	+41.3%	+49.1%

Cost Of Goods Sold Highs

PM Annual Cost Of Goods Sold Highs Comparison
Period	High	Date	Current
3Y	$14.11B	Dec 31, 24	-5.3%
5Y	$14.11B	Dec 31, 24	-5.3%
All	$23.82B	Dec 31, 03	-43.9%

Cost Of Goods Sold Lows

PM Annual Cost Of Goods Sold Lows Comparison
Period	Low	Date	Current
3Y	$11.40B	N/A	+17.2%
5Y	$9.65B	N/A	+38.5%
All	$6.73B	Dec 1, 04	+98.7%

Cost Of Goods Sold History

Year	Value	Change
2025	$13.37B	-5.3%
2024	$14.11B	+6.1%
2023	$13.30B	+16.6%
2022	$11.40B	+12.6%
2021	$10.13B	+4.9%
2020	$9.65B	-8.8%
2019	$10.58B	-2.4%
2018	$10.84B	+3.0%
2017	$10.52B	+11.0%
2016	$9.48B	+1.2%
2015	$9.37B	-10.5%
2014	$10.46B	+0.3%

Year	Value	Change
2013	$10.43B	+0.2%
2012	$10.41B	-2.9%
2011	$10.72B	+10.6%
2010	$9.70B	+7.7%
2009	$9.00B	-4.0%
2008	$9.37B	+7.1%
2007	$8.75B	+7.3%
2006	$8.15B	+6.4%
2005	$7.66B	+13.9%
2004	$6.73B	-71.8%
2003	$23.82B	-

FAQ

What is the current annual cost of goods sold of PM?: As of today, PM annual cost of goods sold is $13.37B
What is 1-year change in PM annual cost of goods sold?: PM annual cost of goods sold is down -5.29% year-over-year
What is 3-year change in PM annual cost of goods sold?: PM annual cost of goods sold is up +17.23% over the past 3 years
How far is PM annual cost of goods sold from its all-time high?: PM annual cost of goods sold is currently -43.89% below its historical high of $23.82B set on December 31, 2003
How does PM annual cost of goods sold rank versus sector peers?: PM annual cost of goods sold is higher than 90.04% of companies in Consumer Defensive sector
When is PM next annual earnings release?: As of today, the next annual earnings release for PM has not been scheduled

Cost Of Goods Sold Formula

COGS = Beginning Inventory + Purchases − Ending Inventory

Quarterly Cost Of Goods Sold

$3.86B$293.00M+8.21%

June 30, 2026

Summary

Current Value: As of today, PM quarterly cost of goods sold is $3.86B, up +8.21% on June 30, 2026
Historical Performance: PM quarterly cost of goods sold is up +9.50% year-over-year, up +19.58% over the past 3 years
All-Time High Comparison: PM quarterly cost of goods sold is currently at its all-time high
3-Year Low Comparison: PM quarterly cost of goods sold is +19.58% above its 3-year low of $3.23B reached on an earlier date
Sector Comparison: PM quarterly cost of goods sold is higher than 89.87% of companies in Consumer Defensive sector

Performance

PM Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Cost Of Goods Sold	Jun 30, 26	$3.86B	+8.2%	+9.5%	+19.6%	+62.7%
Annual Cost Of Goods Sold	Dec 31, 25	$13.37B	–	-5.3%	+17.2%	+38.5%
TTM Cost Of Goods Sold	Jun 30, 26	$14.72B	+2.3%	+4.5%	+18.1%	+51.9%
Price	Aug 6, 26	$188.62	+10.6%	+12.9%	+96.0%	+90.1%
Quarterly Total Expenses	Jun 30, 26	$8.35B	+8.6%	+17.6%	+13.2%	+54.3%
Quarterly Operating Expenses	Jun 30, 26	$2.86B	-2.3%	-23.0%	-13.8%	+36.3%
Quarterly Gross Profit	Jun 30, 26	$7.30B	+11.3%	+10.6%	+27.8%	+40.3%
Quarterly Revenue	Jun 30, 26	$11.16B	+10.2%	+10.2%	+24.8%	+47.3%

Quarterly Cost Of Goods Sold Highs

PM Quarterly Cost Of Goods Sold Highs Comparison
Period	High	Date	Current
1Y	$3.86B	Jun 30, 26	at high
3Y	$3.86B	Jun 30, 26	at high
5Y	$3.86B	Jun 30, 26	at high
All	$3.86B	Jun 30, 26	at high

Quarterly Cost Of Goods Sold Lows

PM Quarterly Cost Of Goods Sold Lows Comparison
Period	Low	Date	Current
1Y	$3.53B	N/A	+9.5%
3Y	$3.23B	N/A	+19.6%
5Y	$2.37B	N/A	+62.7%
All	$1.99B	Mar 31, 09	+94.4%

Quarterly Cost Of Goods Sold History

Month	Value	Change
Jun 2026	$3.86B	+8.2%
Mar 2026	$3.57B	+0.2%
Dec 2025	$3.56B	-4.6%
Sep 2025	$3.73B	+5.8%
Jun 2025	$3.53B	+7.4%
Mar 2025	$3.28B	-10.5%
Dec 2024	$3.67B	+1.6%
Sep 2024	$3.61B	+1.9%
Jun 2024	$3.54B	+7.3%
Mar 2024	$3.30B	-7.6%
Dec 2023	$3.57B	+6.3%
Sep 2023	$3.36B	+4.1%
Jun 2023	$3.23B	+4.2%
Mar 2023	$3.10B	-3.1%
Dec 2022	$3.20B	+8.9%
Sep 2022	$2.94B	+9.4%
Jun 2022	$2.68B	+1.4%
Mar 2022	$2.65B	-7.1%
Dec 2021	$2.85B	+9.0%
Sep 2021	$2.61B	+10.2%
Jun 2021	$2.37B	+3.5%
Mar 2021	$2.29B	-11.5%
Dec 2020	$2.59B	+6.4%
Sep 2020	$2.43B	+10.6%
Jun 2020	$2.20B	-9.2%
Mar 2020	$2.42B	-13.3%
Dec 2019	$2.80B	+6.7%
Sep 2019	$2.62B	-2.3%
Jun 2019	$2.68B	+7.9%
Mar 2019	$2.48B	-11.3%
Dec 2018	$2.80B	+6.1%
Sep 2018	$2.64B	-4.6%
Jun 2018	$2.77B	+4.9%
Mar 2018	$2.64B	-12.8%
Dec 2017	$3.02B	+9.8%
Sep 2017	$2.76B	+8.4%
Jun 2017	$2.54B	+15.6%
Mar 2017	$2.20B	-12.6%
Dec 2016	$2.52B	+2.0%

Month	Value	Change
Sep 2016	$2.47B	+3.0%
Jun 2016	$2.39B	+12.5%
Mar 2016	$2.13B	-11.1%
Dec 2015	$2.40B	-0.2%
Sep 2015	$2.40B	0.0%
Jun 2015	$2.40B	+6.6%
Mar 2015	$2.25B	-15.3%
Dec 2014	$2.66B	-3.6%
Sep 2014	$2.76B	+1.4%
Jun 2014	$2.72B	+13.4%
Mar 2014	$2.40B	-8.7%
Dec 2013	$2.62B	-0.6%
Sep 2013	$2.64B	-3.2%
Jun 2013	$2.73B	+8.4%
Mar 2013	$2.52B	-7.0%
Dec 2012	$2.71B	+3.7%
Sep 2012	$2.61B	-3.2%
Jun 2012	$2.70B	+8.6%
Mar 2012	$2.48B	-9.7%
Dec 2011	$2.75B	-4.6%
Sep 2011	$2.88B	+0.3%
Jun 2011	$2.87B	+23.7%
Mar 2011	$2.32B	-8.1%
Dec 2010	$2.52B	+8.4%
Sep 2010	$2.33B	-9.5%
Jun 2010	$2.57B	+9.1%
Mar 2010	$2.36B	-7.7%
Dec 2009	$2.56B	+9.4%
Sep 2009	$2.34B	+5.9%
Jun 2009	$2.21B	+11.1%
Mar 2009	$1.99B	-5.5%
Dec 2008	$2.10B	-15.8%
Sep 2008	$2.49B	+1.0%
Jun 2008	$2.47B	+7.0%
Mar 2008	$2.31B	+8.6%
Dec 2007	$2.13B	-4.6%
Sep 2007	$2.23B	-0.7%
Jun 2007	$2.24B	+5.8%
Mar 2007	$2.12B	-

FAQ

What is the current quarterly cost of goods sold of PM?: As of today, PM quarterly cost of goods sold is $3.86B
What is PM quarterly cost of goods sold most recent change?: PM quarterly cost of goods sold was up +8.21% on June 30, 2026
What is 1-year change in PM quarterly cost of goods sold?: PM quarterly cost of goods sold is up +9.50% year-over-year
How far is PM quarterly cost of goods sold from its all-time high?: PM quarterly cost of goods sold is currently at its all-time high
How does PM quarterly cost of goods sold rank versus sector peers?: PM quarterly cost of goods sold is higher than 89.87% of companies in Consumer Defensive sector
When is PM next earnings release?: The next earnings release for PM is on October 21, 2026

Cost Of Goods Sold Formula

COGS = Beginning Inventory + Purchases − Ending Inventory

TTM Cost Of Goods Sold

$14.72B$335.00M+2.33%

June 30, 2026

Summary

Current Value: As of today, PM TTM cost of goods sold is $14.72B, up +2.33% on June 30, 2026
Historical Performance: PM TTM cost of goods sold is up +4.52% year-over-year, up +18.15% over the past 3 years
All-Time High Comparison: PM TTM cost of goods sold is currently at its all-time high
3-Year Low Comparison: PM TTM cost of goods sold is +18.15% above its 3-year low of $12.46B reached on an earlier date
Sector Comparison: PM TTM cost of goods sold is higher than 89.87% of companies in Consumer Defensive sector

Performance

PM Performance
Metric	Date	Value	3M	1Y	3Y	5Y
TTM Cost Of Goods Sold	Jun 30, 26	$14.72B	+2.3%	+4.5%	+18.1%	+51.9%
Annual Cost Of Goods Sold	Dec 31, 25	$13.37B	–	-5.3%	+17.2%	+38.5%
Quarterly Cost Of Goods Sold	Jun 30, 26	$3.86B	+8.2%	+9.5%	+19.6%	+62.7%
Price	Aug 6, 26	$188.62	+10.6%	+12.9%	+96.0%	+90.1%
TTM Gross Profit	Jun 30, 26	$27.73B	+2.6%	+11.7%	+35.1%	+36.1%
TTM Revenue	Jun 30, 26	$42.45B	+2.5%	+9.1%	+28.7%	+41.2%

TTM Cost Of Goods Sold Highs

PM TTM Cost Of Goods Sold Highs Comparison
Period	High	Date	Current
1Y	$14.72B	Jun 30, 26	at high
3Y	$14.72B	Jun 30, 26	at high
5Y	$14.72B	Jun 30, 26	at high
All	$14.72B	Jun 30, 26	at high

TTM Cost Of Goods Sold Lows

PM TTM Cost Of Goods Sold Lows Comparison
Period	Low	Date	Current
1Y	$14.08B	N/A	+4.5%
3Y	$12.46B	N/A	+18.1%
5Y	$9.69B	N/A	+51.9%
All	$2.12B	Mar 31, 07	+593.8%

TTM Cost Of Goods Sold History

Month	Value	Change
Jun 2026	$14.72B	+2.3%
Mar 2026	$14.38B	+2.0%
Dec 2025	$14.10B	-0.7%
Sep 2025	$14.20B	+0.9%
Jun 2025	$14.08B	-0.1%
Mar 2025	$14.10B	-0.1%
Dec 2024	$14.11B	+0.7%
Sep 2024	$14.02B	+1.8%
Jun 2024	$13.77B	+2.3%
Mar 2024	$13.46B	+1.5%
Dec 2023	$13.26B	+2.9%
Sep 2023	$12.88B	+3.4%
Jun 2023	$12.46B	+4.6%
Mar 2023	$11.91B	+3.9%
Dec 2022	$11.46B	+3.1%
Sep 2022	$11.11B	+3.0%
Jun 2022	$10.79B	+3.0%
Mar 2022	$10.48B	+3.5%
Dec 2021	$10.13B	+2.6%
Sep 2021	$9.87B	+1.9%
Jun 2021	$9.69B	+1.8%
Mar 2021	$9.52B	-1.4%
Dec 2020	$9.65B	-2.1%
Sep 2020	$9.85B	-1.9%
Jun 2020	$10.04B	-4.6%
Mar 2020	$10.52B	-0.6%
Dec 2019	$10.58B	-0.0%
Sep 2019	$10.59B	-0.2%
Jun 2019	$10.60B	-0.8%
Mar 2019	$10.69B	-1.4%
Dec 2018	$10.84B	-2.0%
Sep 2018	$11.06B	-1.0%
Jun 2018	$11.18B	+2.0%
Mar 2018	$10.96B	+4.2%
Dec 2017	$10.52B	+5.1%
Sep 2017	$10.01B	+3.0%
Jun 2017	$9.72B	+1.5%
Mar 2017	$9.58B	+0.7%
Dec 2016	$9.51B	+1.3%

Month	Value	Change
Sep 2016	$9.38B	+0.7%
Jun 2016	$9.32B	-0.1%
Mar 2016	$9.32B	-1.3%
Dec 2015	$9.44B	-2.7%
Sep 2015	$9.71B	-3.6%
Jun 2015	$10.07B	-3.1%
Mar 2015	$10.38B	-1.4%
Dec 2014	$10.53B	+0.3%
Sep 2014	$10.50B	+1.1%
Jun 2014	$10.38B	-0.1%
Mar 2014	$10.39B	-1.1%
Dec 2013	$10.51B	-0.8%
Sep 2013	$10.59B	+0.3%
Jun 2013	$10.56B	+0.3%
Mar 2013	$10.52B	+0.3%
Dec 2012	$10.49B	-0.4%
Sep 2012	$10.53B	-2.5%
Jun 2012	$10.80B	-1.6%
Mar 2012	$10.97B	+1.5%
Dec 2011	$10.81B	+2.1%
Sep 2011	$10.59B	+5.5%
Jun 2011	$10.04B	+3.0%
Mar 2011	$9.75B	-0.4%
Dec 2010	$9.79B	-0.3%
Sep 2010	$9.82B	-0.1%
Jun 2010	$9.83B	+3.9%
Mar 2010	$9.46B	+4.1%
Dec 2009	$9.09B	+5.3%
Sep 2009	$8.63B	-1.8%
Jun 2009	$8.79B	-2.9%
Mar 2009	$9.05B	-3.4%
Dec 2008	$9.37B	-0.3%
Sep 2008	$9.40B	+2.9%
Jun 2008	$9.13B	+2.5%
Mar 2008	$8.91B	+2.1%
Dec 2007	$8.72B	+32.2%
Sep 2007	$6.59B	+51.1%
Jun 2007	$4.37B	+105.8%
Mar 2007	$2.12B	-

FAQ

What is the current TTM cost of goods sold of PM?: As of today, PM TTM cost of goods sold is $14.72B
What is PM TTM cost of goods sold most recent change?: PM TTM cost of goods sold was up +2.33% on June 30, 2026
What is 1-year change in PM TTM cost of goods sold?: PM TTM cost of goods sold is up +4.52% year-over-year
How far is PM TTM cost of goods sold from its all-time high?: PM TTM cost of goods sold is currently at its all-time high
How does PM TTM cost of goods sold rank versus sector peers?: PM TTM cost of goods sold is higher than 89.87% of companies in Consumer Defensive sector
When is PM next earnings release?: The next earnings release for PM is on October 21, 2026

Cost Of Goods Sold Formula

COGS = Beginning Inventory + Purchases − Ending Inventory

Data Sources & References

PM Official Website www.pmi.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1413329/000162828026005939/0001628280-26-005939-index.htm
PM Profile on Yahoo Finance finance.yahoo.com/quote/PM
PM Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/pm