Go to main content

Our current product portfolio primarily consists of cigarettes and smoke-free products, including heated tobacco, e-vapor, and oral smokeless products.

As of April 22, 2026,  43 percent of our total global net revenues came from our smoke-free products.

By 2030, our ambition is to increase that figure to over two-thirds, with the ultimate goal of phasing out cigarettes completely. Leveraging our scientific expertise and technological capabilities, we are also committed to developing new products in the wellness and healthcare space.

Our 2030 ambition

As a leading international consumer goods company, we are accelerating our transformation toward a smoke-free future, with over two-thirds of our net revenues expected to come from smoke-free products by 2030.
 

Earnings and updates

Earnings

Learn more

Press releases & filings

Learn more

Our progress toward a smoke-free future as of 2026 Q1
 

  • C24002_Spotlight_icons_150x150_PMI_process-page_icon_150x150_1

    43 percent

    of PMI’s total global net revenues came from our smoke-free business.*

  • C24002_Spotlight_icons_150x150_PMI_process-page_icon_150x150_6

    > 43 million

    estimated legal-age consumers of PMI’s smoke-free products.**

  • C24002_Spotlight_icons_150x150_PMI_process-page_icon_150x150_4

    108 markets

    where our smoke-free products are available, providing better alternatives for legal-age smokers.*

  • C24002_Spotlight_icons_150x150_PMI_process-page_icon_150x150_4

    USD > 16 billion

    invested to develop, scientifically substantiate, and commercialize smoke-free products since 2008.**


*As of Q1 2026. **As of December 31, 2025. Important note: This information should be read in conjunction with the Philip Morris International Inc. earnings release dated April 22, 2026, as well as the accompanying glossary of key terms, definitions, explanatory notes, select financial information and reconciliations of non-GAAP financial measures, both of which are available on our Investor Relations page. “PMI,” “we,” “our,” and “us” refers to the entire Philip Morris International family of companies.

 

What exactly are smoke-free products?

Nevena guides us through the fundamental difference between cigarettes and smoke-free products.

 

1:13

Interviewer asks:

There's a lot of confusion around smoke-free products.

What are they?

Are they really less harmful than cigarettes? 

And why are governments banning them completely? 

There's a lot to unpack, but let's begin with what a smoke-free product is.

Nevena Crljenko, Vice President, Scientific Engagement, Philip Morris International, replies:

Smoke-free products are very different products than cigarettes are. 

The most known tobacco product in the world. 

Cigarettes are lit and burned. And the smoker inhales the smoke. 

Smoke contains thousands of chemicals, many of which are harmful.

Your body is exposed to them and over time it develops into the disease. 

So the first principle we developed was let's eliminate the burning process

We can eliminate the burning process by a couple of things.

We can control the temperature in terms of how we heat tobacco but not burn it.

That's heated tobacco products.

We can heat the liquid which contains nicotine.

This is e-vapor product (e-cigarettes).

Or we can create oral products such as nicotine pouches, which basically are not warmed at all.

But the key component, irrespective of how different these products are, is that they do not contain the burning,

which is the main source of smoking-related diseases.

 

PMI's smoke-free products

Our ambition is to replace cigarettes with science-based smoke-free products as soon as possible.

Find out more

Preventing underage use of our products

To achieve a smoke-free future for society, we develop our products with the clear intention that they are for adults who would otherwise smoke or use nicotine products.

Find out more

Procurement at PMI (Suppliers)

It’s a very exciting time for Philip Morris International. After decades of building the world’s most successful cigarette company, we made a big decision to develop smoke-free alternatives.

Find out more

FAQs

From company information and sustainability to careers and our smoke-free portfolio, we answer frequently asked questions.

Heated tobacco products | Frequently asked questions 

Find out more about PMI’s heated tobacco products, also known as heat-not-burn products.

Read more

E-vapor products | Frequently asked questions

Find out more about PMI’s e-vapor products.

Read more

Oral smokeless products | Frequently asked questions 

Find answers about nicotine pouches, snus, and snuff.

Read more

Explore our transformation

Discover how PMI is transforming its business and creates long-term value

Explore our transformation