Company / Interest Expense
Philip Morris International Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$737.0M
FY2023
5-year range
$728.0M / $796.0M
FY2019-FY2023
Trend
+1.2%
vs FY2022
Sector context
#4 of 35
Consumer Staples
What the data says
Philip Morris International's interest expense of $737M is higher than 89% of companies in the Consumer Staples sector (FY2023). Interest Expense returned to growth in FY2023 after 3 years of decline, reaching $737M.
Based on SEC 10-K filings.
$737M in FY2023 with a 5-year CAGR of -7.2%. Top quartile in the Consumer Staples sector.
Improved from $796M to $737M over the past 2 years.
Consumer Staples sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- -4.8%
- 5-Year CAGR
- -7.2%
- 10-Year CAGR
- -
Sector benchmark
+171.4% above sector average
Key checks
Key Insights
- 5-year CAGR of -7.2%, indicating a declining trend.
- In FY2023, interest expense increased 1.2% year-over-year.
- Ranks #4 out of 35 companies in the Consumer Staples sector.
- Peak interest expense was recorded in FY2016.
Company context
Key Data Points
- Strong profit margin: 21.6%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $737.0M | +1.2% |
| FY2022 | $728.0M | -8.5% |
| FY2021 | $796.0M | -6.9% |
| FY2020 | $855.0M | -22.0% |
| FY2019 | $1.1B | +2.5% |
| FY2018 | $1.1B | -5.6% |
| FY2017 | $1.1B | -3.2% |
| FY2016 | $1.2B | +6.0% |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026