---
title: "International Paper: Business Model"
description: "International Paper revenue by business segment and geography from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/international-paper/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# International Paper: Business Model & Revenue Engine

## Direct Answer

International Paper reports revenue across 2 business segments in its fiscal 2025 Form 10-K. Packaging Solutions North America is the largest, with $15.2 billion of revenue (64% of the total), followed by Packaging Solutions EMEA at $8.5 billion (36%). 61% of revenue came from the United States.

## How Does International Paper Make Money?

Packaging Solutions North America supplies 64% of revenue, so International Paper's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Packaging Solutions EMEA grew fastest (+523.7%) and Packaging Solutions North America slowest (+6.2%), so the revenue mix tilts toward Packaging Solutions EMEA while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Packaging Solutions North America | $15.2 billion | $14.3 billion | 64.2% | 6.2% |
| Packaging Solutions EMEA | $8.5 billion | $1.4 billion | 35.8% | 523.7% |

![Bar chart of International Paper revenue by segment for fiscal 2025: Packaging Solutions North America 64.2%, Packaging Solutions EMEA 35.8%.](https://www.getswoopr.com/images/charts/international-paper-business-model-segment-mix.webp)
*International Paper revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## Where Does International Paper's Revenue Come From?

Regions follow the definitions in the filing; most companies assign revenue by customer location.

| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| United States | $14.4 billion | $13.7 billion | 61.1% | 5.5% |
| EMEA | $8.5 billion | $1.4 billion | 35.8% | 523.7% |
| Americas Other Than US | $713 million | $730 million | 3.0% | -2.3% |
| Asia Pacific | $31 million | $64 million | 0.1% | -51.6% |

## What the Segment Figures Do Not Show

The rows above add up to 100% of International Paper's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value International Paper reported in the segment note and revenue disclosures of its Form 10-K filed February 27, 2026 (accession 0000051434-26-000055), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are International Paper's business segments?

In its fiscal 2025 Form 10-K, International Paper reports revenue for Packaging Solutions North America and Packaging Solutions EMEA.

### Which part of International Paper brings in the most revenue?

Packaging Solutions North America, with $15.2 billion of revenue in fiscal 2025, or 64% of the total.

### How much of International Paper's revenue comes from outside the United States?

39% in fiscal 2025, by the geographic breakdown International Paper reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.

## References

- [SEC EDGAR: INTERNATIONAL PAPER CO /NEW/ Form 10-K filed February 27, 2026](https://www.sec.gov/Archives/edgar/data/51434/000005143426000055/ip-20251231.htm)
- [SEC EDGAR: INTERNATIONAL PAPER CO /NEW/ annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=51434&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [International Paper company dossier](https://www.getswoopr.com/stocks/companies/international-paper/)
- [International Paper financial metrics](https://www.getswoopr.com/stocks/companies/international-paper/metrics/)
- [International Paper financial risk indicators](https://www.getswoopr.com/stocks/companies/international-paper/risks/)
- [International Paper peer comparison](https://www.getswoopr.com/stocks/companies/international-paper/competitors/)
- [International Paper business model and revenue mix](https://www.getswoopr.com/stocks/companies/international-paper/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).