International Paper
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of International Paper (IP). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2024 | 2025 |
|---|---|---|---|---|
| Packaging Solutions North America | – | – | $14.29B 91.3% | $15.18B 64.2% · +6.2% |
| Packaging Solutions EMEA Segment | – | – | $1.36B 8.7% | $8.45B 35.8% · +523.7% |
| Industrial Packaging | $14.90B 86.2% | $16.33B 85.7% · +9.6% | – | – |
| Global Cellulose Fibers | $2.39B 13.8% | $2.73B 14.3% · +14.2% | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2024 | 2025 |
|---|---|---|---|---|
| Packaging Solutions North America | – | – | $891.0M 6.2% | $572.0M 3.8% |
| Packaging Solutions EMEA Segment | – | – | $60.0M 4.4% | -$236.0M -2.8% |
| Industrial Packaging | $1.76B 11.8% | $1.64B 10.0% | – | – |
| Global Cellulose Fibers | -$218.0M -9.1% | -$3.0M -0.1% | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | $15.18B 85.4% | $16.77B 85.7% · +10.5% | $18.48B 86.8% · +10.2% | $13.78B 85.9% · -25.5% | $13.69B 86.4% · -0.7% | $14.44B 61.1% · +5.5% |
| EMEA | $1.40B 7.9% | $1.61B 8.2% · +15.5% | $1.69B 8.0% · +5.1% | $1.40B 8.7% · -17.4% | $1.36B 8.6% · -3.1% | $8.45B 35.8% · +523.7% |
| Americas, other than U.S. | $789.0M 4.4% | $776.0M 4.0% · -1.6% | $863.0M 4.1% · +11.2% | $821.0M 5.1% · -4.9% | $730.0M 4.6% · -11.1% | $713.0M 3.0% · -2.3% |
| Pacific Rim and Asia | $203.0M 1.1% | $207.0M 1.1% · +2.0% | $123.0M 0.6% · -40.6% | $37.0M 0.2% · -69.9% | $64.0M 0.4% · +73.0% | $31.0M 0.1% · -51.6% |
| Pacific Rim and Asia | $203.0M 1.1% | $207.0M 1.1% · +2.0% | $123.0M 0.6% · -40.6% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.