Philip Morris International Inc. (PM) Financials
Key financial figures for Philip Morris International Inc. (Q2 2026).
Philip Morris posts record $11.2B Q2 revenue (+10.4%, +7.6% organic) and 15.2% adjusted EPS growth to $2.20 as smoke-free products reach ~42% of sales; narrows FY2026 EPS guidance to $8.26-$8.41 on a lower currency benefit while reaffirming underlying growth outlook. Net revenues rose 10.4% (7.6% organic) to a record $11.2 billion, PMI's first quarter above $11 billion, with both smoke-free (+11.7%, +9.7% organic) and combustibles (+9.5%, +6.1% organic) contributing. Adjusted diluted EPS grew 15.2% to $2.20 ($2.17, +13.6% excluding currency), described as above prior expectations; GAAP diluted EPS fell 7.7% to $1.80 on a $511 million non-cash impairment of PMI's deconsolidated RBH (Canada) equity investment. On the outlook: Revised FY2026 adjusted diluted EPS guidance to $8.26-$8.41 (from $8.36-$8.51 previously), a currency-only revision as the assumed FX benefit was cut to $0.15 from $0.20; underlying ex-currency growth outlook of 7.5%-9.5% versus 2025's $7.54 was maintained. Full-year shipment volume outlook improved to broadly stable to slightly growing (from broadly stable), with cigarette volume decline narrowed to 2%-3% (from around 3%) and organic net revenue growth guided at 5%-7%. Figures are for Q2 2026, as Philip Morris International Inc. reported them.
- Revenue
- $11.2B
- Net Income
- $3.0B
- EPS
- $1.80
- Total Assets
- $68.3B
- Operating Cash Flow
- $5.5B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| 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 |
| Q2 FY2025 | $10.1B | $3.0B | $1.95 | 37.01% | $3.1B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $40.6B | $11.3B | $7.26 | 36.74% | $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 $11.19 billion for Q2 FY2026, up 10.4% from the same period a year earlier.
Is Philip Morris International Inc. profitable?
Yes. Philip Morris International Inc. reported net income of $2.82 billion for Q2 FY2026, a net margin of 25.17% on revenue.
How has Philip Morris International Inc.'s margin trended?
Operating margin was 40.48% in Q2 FY2026, compared with 37.01% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
When does Philip Morris International Inc. report next?
Philip Morris International Inc. is scheduled to report results on 2026-10-21. The company has confirmed that date.
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.