Philip Morris International Inc. (PM) Financials
Key financial figures for Philip Morris International Inc. (Q3 2026).
Philip Morris International reported Q3 2026 net revenues of $11,438M (+5.5%, +7.1% organic) and adjusted diluted EPS of $2.36 (+5.4%), while reported diluted EPS fell 4.9% to $2.12 on a non-cash equity-investment fair value adjustment. Net revenues rose 5.5% (7.1% organically) to $11,438M, which PMI called a record quarterly high for net revenue, gross profit and operating income. Smoke-free net revenues grew 4.1% (6.3% organically) and were more than 40% of the total; combustibles grew 6.4% (7.7% organically). Adjusted diluted EPS was $2.36, up 5.4% (5.8% excluding a one-cent unfavorable currency impact) from $2.24. In its July release PMI had guided Q3 adjusted diluted EPS to $2.20 to $2.25, including an estimated 8-cent unfavorable currency impact; the actual currency drag was 1 cent. On the outlook: 2026 full-year adjusted diluted EPS forecast of $8.29 to $8.44 (reported diluted EPS $7.11 to $7.26), a projected 9.9% to 11.9% increase over $7.54 in 2025; excluding a favorable currency impact of $0.18 the range is $8.11 to $8.26, up 7.5% to 9.5%, with the ex-currency range unchanged from July. Assumptions: organic net revenue growth of 5% to 7% (middle or upper half more likely), organic operating income growth of 7% to 9% (middle or lower half more likely), total cigarette and smoke-free shipment volume now growing (previously broadly stable to slightly growing), operating cash flow around $13.5 billion, capital expenditures of $1.4 to $1.6 billion, and no share repurchases. Figures are for Q3 2026, as Philip Morris International Inc. reported them.
- Revenue
- $11.4B
- Net Income
- $3.3B
- EPS
- $2.12
- Total Assets
- $66.7B
- Operating Cash Flow
- $5.4B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $11.4B | $3.3B | $2.12 | 42.54% | $5.0B |
| Q2 FY2026 | $11.2B | $2.8B | $1.80 | 40.48% | $5.1B |
| Q1 FY2026 | $10.1B | $2.4B | $1.56 | 38.37% | -$752M |
| Q4 FY2025 | $10.4B | $2.1B | $1.37 | 32.55% | $4.3B |
| Q3 FY2025 | $10.8B | $3.5B | $2.23 | 39.31% | $4.1B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $40.6B | $11.3B | $7.26 | 36.64% | $10.7B |
| FY2024 | $37.9B | $7.0B | $4.52 | 35.38% | $10.8B |
| FY2023 | $35.2B | $7.8B | $5.02 | 32.85% | $7.9B |
Frequently asked questions
What was Philip Morris International Inc.'s revenue last quarter?
Philip Morris International Inc. reported revenue of $11.44 billion for Q3 FY2026, up 5.5% from the same period a year earlier.
Is Philip Morris International Inc. profitable?
Yes. Philip Morris International Inc. reported net income of $3.31 billion for Q3 FY2026, a net margin of 28.96% on revenue.
How has Philip Morris International Inc.'s margin trended?
Operating margin was 42.54% in Q3 FY2026, compared with 39.31% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Philip Morris International Inc. generate?
Philip Morris International Inc. generated free cash flow of $4.97 billion in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Philip Morris International Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.