The final installment of the Mission: Impossible film series opens Memorial Day weekend, 2025. Over the past three decades, the franchise has racked up more than $6 billion in box office revenue (when adjusted for inflation).
Based on the series’ popularity, Tom Cruise’s action star appeal, and generally positive reviews from advanced screenings, Mission: Impossible — The Final Reckoning is likely to have a strong opening day weekend and stands a chance at pulling in the franchise’s biggest box-office take yet.
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Here’s a financial look at all seven of the previous films in America’s favorite action franchise, including their budgets and box office revenue.
Tom Cruise has appeared on the big screen for more than four decades, and his popularity endures.
How much has each Mission: Impossible film made?
The Final Reckoning is the eighth (and supposedly last) installment of the M:I series featuring Tom Cruise’s Ethan Hunt, who leads a crew of agents from an ultrasecretive American government spy agency on missions that are — as the title suggests — seemingly impossible to accomplish.
The first movie was released in 1996, and adjusted for inflation, its worldwide gross revenue exceeded $900 million.
Almost every other film in the series took in more than $900 million, except for the third installment, Mission: Impossible III ($631 million) in 2006, and the first of the two-part Reckoning movies, Mission: Impossible – Dead Reckoning Part One ($599 million) in 2023.
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Many of the M:I films have been released during or around the notoriously lucrative Memorial Day weekend. With The Final Reckoning released on what’s traditionally and unofficially the start of the summer season, the film has a head start on what appears to be a competitive year in movies.
James Gunn’s version of Superman, Brad Pitt’s Formula 1 racing film, an installment of the Karate Kid franchise starring Ralph Macchio and Jackie Chan, and the live-action version of the How to Train Your Dragon series are just some of the potential big box-office draws this summer.
What is the budget for Mission: Impossible — The Final Reckoning?
Paramount Pictures has been the main distribution studio behind the Mission: Impossible series over the past three decades. The budget for each M:I film has been higher than its predecessors, and The Final Reckoning boasts the biggest yet — reportedly between $300 million and $400 million.
To be profitable, box-office revenue typically needs to be double a film’s budget, so in this case, the eighth installment will need to make at least $600 million to $800 million in ticket sales to be considered a commercial success.
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Are Tom Cruise’s sequels a big draw for audiences?
Sequels have been strong for Cruise. In 2022, Top Gun: Maverick — the follow-up to 1986’s Top Gun, which set Cruise on the path to global stardom — took in more than $1.4 billion in revenue, marking his biggest-grossing film to date.
The late billionaire Sumner Redstone, who presided over Paramount, once quipped in 2006 that Cruise’s acting career was over, but Cruise’s popularity has endured over the past four decades he’s been on screen.
Every M:I film so far has been deemed a box-office success, due in part to the franchise’s action scenes and the well-known fact that Cruise performs many of his own stunts. Cruise has also served as a producer on the M:I films, and that role provided him with creative and casting influence as well as a big paycheck from the films’ profits.
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M:I 8’s director is Christopher McQuarrie, who is Cruise’s long-time collaborator. McQuarrie has directed a total of four M:I movies, the first being Mission: Impossible – Rogue Nation, released in 2015. McQuarrie was a writer for Valkyrie, a World War II film in 2008 that starred Cruise, and he then went on to direct Cruise for the first time in Jack Reacher in 2012.
Every Mission: Impossible film by revenue and budget
Here’s how each Mission: Impossible film has performed at the box office, based on data compiled by Box Office Mojo, which tracks movie revenue at theaters. Global box office gross receipts are revenues adjusted in 2025 dollars for the cost of inflation.
Tom Cruise is well-known for doing many of his own stunts in the “Mission: Impossible” movies.
Mission: Impossible
Revenues: $457 million ($937 million in 2025 dollars)Budget: $80 millionRelease Date: May 22, 1996Director: Brian De Palma
Tom Cruise turned to Hong Kong action film director John Woo, left, to helm the second installment of the M:I franchise.
TORU YAMANAKA/Getty Images
Mission: Impossible 2
Revenues: $546 million ($1 billion in 2025 dollars)Budget: $125 millionRelease Date: May 24, 2000Director: John Woo
It would take six years — the longest time between M:I movies in franchise history — for the third installment to come to the big screen.
E. Charbonneau/Getty Images
Mission: Impossible III
Revenues: $398 million ($631 million in 2025 dollars)Budget: $150 millionRelease Date: May 5, 2006Director: J.J. Abrams
Tom Cruise’s growing global popularity continued as he branched out to making other films outside the M:I franchise.
Mission: Impossible – Ghost Protocol
Revenues: $694 million ($987 million in 2025 dollars)Budget: $145 millionRelease Date: December 16, 2011Director: Brad Bird
Collaboration between Tom Cruise and Christopher McQuarrie, right, began with the franchise’s fifth installment and continues with its latest.
The Chosunilbo JNS/Getty Images
Mission: Impossible – Rogue Nation
Revenues: $682 million ($917 million in 2025 dollars)Budget: $150 millionRelease Date: July 31, 2015Director: Christopher McQuarrie
Tom Cruise’s enduring popularity appeared never-ending as the sixth film in the M:I series took in more than four times its budget at the box office.
Mission: Impossible – Fallout
Revenues: $824 million ($1 billion in 2025 dollars)Budget: $178 millionRelease Date: July 25, 2018Director: Christopher McQuarrie
Tom Cruise wraps up his Ethan Hunt character with a two-part ending, first with 2023’s Mission: Impossible – Dead Reckoning Part One, and then with 2025’s Mission: Impossible – The Final Reckoning.
Image source: Anadolu/Getty Images
Mission: Impossible – Dead Reckoning Part One
Revenues: $571 million ($599 million in 2025) Budget: $291 million Release Date: July 8, 2023 Director: Christopher McQuarrie
Director Christopher McQuarrie made an appearance at the US premiere of “The Final Reckoning” in New York along with the cast.
Mission: Impossible — The Final Reckoning
Revenues: ?Budget: $300-400 millionRelease Date: May 23, 2025Director: Christopher McQuarrie
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