International Smoke-Free revenue growth excluding currency and acquisitions measures segment net revenue growth after removing foreign-currency and acquisition or divestiture effects under PMI's reporting bridge.
PMI reported 11.8% growth on that basis for the second quarter of 2026.
Volume mix and price drove the adjusted increase
PMI cited favorable volume and mix from higher heated tobacco and e-vapor volumes and favorable pricing driven by heated tobacco.
The measure therefore remains broader than pure organic unit growth.
The bridge is issuer-defined
It should not be treated as a standardized comparable-sales metric across nicotine or consumer-products companies.
Compare International Smoke-Free reported revenue growth and heated tobacco shipment growth.
Primary source: Philip Morris International Q2 2026 Form 10-Q.
Part of the Smoke-Free Portfolio Economics
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These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.
- PMOpen operating-model research →10 of 10 reviewed concepts in Smoke-Free Portfolio EconomicsInternational revenue conversion2 of 2 bridge concepts supportedContinue through this bridge:International Smoke-Free Revenue Growth
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Compare adjusted International Smoke-Free growth
Compare issuer-defined revenue growth excluding currency and acquisitions without relabeling it as pure unit demand.
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