Our current product portfolio primarily consists of cigarettes and smoke-free products, including heated tobacco, e-vapor, and oral smokeless products.
As of July 22, 2026, 42 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 smoke-free portfolio
We are growing our portfolio of smoke-free products, providing better choices for adult smokers. These products are addictive and not risk-free, and are only for adults who would otherwise continue to smoke.
Discover our smoke-free products
What exactly are smoke-free products?
Nevena guides us through the fundamental difference between cigarettes and smoke-free products.
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.
Our progress toward a smoke-free future as of H1 2026
*As of H1 2026. **As of December 31, 2025. Important note: This information should be read in conjunction with the Philip Morris International Inc. earnings release dated July 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.
About PMI
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FAQs
From company information and sustainability to careers and our smoke-free portfolio, we answer frequently asked questions.