Philip Morris International Reports 2026 Third-Quarter & First Nine-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;
Philip Morris International posted record third-quarter results with net revenues up 5.5% to $11.4 billion (7.1% organic) and operating income up 14.1%, marking record quarterly highs in revenue, gross profit and operating income. Adjusted diluted EPS grew 5.4% to a record $2.36, while reported EPS fell 4.9% to $2.12 on a non-cash fair value adjustment; the smoke-free business surpassed 40% of net revenues and ZYN U.S. shipments grew 4.2% to 3.2 billion pouches.
Key figures
- Eps
- 2.12
- Revenue
- $11.4 billion
- Guidance
- FY2026 adjusted diluted EPS $8.29-$8.44, +9.9% to +11.9% vs. $7.54 in 2025; excluding currency +7.5% to +9.5%; reported diluted EPS $7.11-$7.26
- Revenue Yoy
- 5.5%
- Us zyn growth
- 4.2%
- Capex forecast
- $1.4-$1.6 billion
- Gross profit q3
- $7.9 billion
- Ytd net revenue
- $32.8 billion
- Ytd revenue yoy
- 8.2%
- Operating income
- $4.9 billion
- Volume growth q3
- 0.6%
- Dividend increase
- 8.8%
- Organic oi growth
- 10.5%
- Adjusted eps q3 yoy
- 5.4%
- Reported eps q3 yoy
- (4.9)%
- Us zyn shipments q3
- 3.2 billion pouches
- Operating income yoy
- 14.1%
- Veev shipment growth
- 61.6%
- Ytd adjusted eps yoy
- 11.8%
- Organic revenue growth
- 7.1%
- Sfp shipment growth q3
- 2.7%
- Adjusted diluted eps q3
- 2.36
- Smoke free revenue share
- more than 40% of Q3 net revenues
- Total shipment volume q3
- 206.2 billion units
- Ytd adjusted diluted eps
- 6.52
- Effective tax rate guidance
- ~21.5%
- Operating cash flow forecast
- $13.5 billion
- Quarterly dividend per share
- $1.60
- Annualized dividend per share
- $6.40
AI analysis
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