Philip Morris International Inc. (PM) Form 10-Q — Oct 23, 2026
Philip Morris International filed its Q3 2026 10-Q with nine-month net revenues of $32.8 billion, up 8.2% year-over-year, and Q3 revenue of $11.4 billion, up 5.5% (7.1% currency-neutral), driven by pricing and international smoke-free volumes. Reported results were mixed: nine-month diluted EPS fell 7.0% to $5.48 and Q3 diluted EPS fell 4.9% to $2.12, weighed down by a $511 million non-cash impairment of PMI's RBH (Canada) equity investment, equity security losses, and higher taxes — while underlying operations added $0.43 to nine-month EPS. PMI completed a segment reorganization effective January 1, 2026 into International Smoke-Free, International Combustibles, and U.S.
Key figures
- Eps
- 5.48
- Revenue
- 32776000000
- Net Income
- 8568000000
- Revenue Yoy
- 8.2% (nine months); 5.5% Q3
- Cash Position
- 6683000000
- Shares Outstanding
- 1558655629
- Q3 revenue
- 11438000000
- Q3 diluted eps
- 2.12
- Rbh impairment charge
- 511000000
- Total committed revolvers
- $6.0 billion
- Effective tax rate 9m 2026
- 20.9%
- Commercial paper outstanding
- 1882000000
- Operating income nine months
- 13289000000
- Dividends declared per share ytd
- 4.54
- Q3 net earnings attributable to pmi
- 3313000000
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