Philip Morris Q3 net revenue rises 5.5%; adjusted EPS up 5.4% to $2.36
Philip Morris International reported third-quarter 2026 net revenues of $11.4 billion, up 5.5% (7.1% organically), and adjusted diluted EPS of $2.36, up 5.4%. Reported diluted EPS fell 4.9% to $2.12, mainly due to a non-cash fair value adjustment on equity security investments. The company also updated its 2026 adjusted EPS forecast for currency only, and raised its quarterly dividend by 8.8%.
Key points
- Q3 net revenues $11.4 billion, up 5.5% reported and 7.1% organic; operating income up 14.1% to $4.9 billion
- Reported diluted EPS $2.12, down 4.9%; adjusted diluted EPS $2.36, up 5.4% (5.8% excluding a one-cent currency impact)
- 2026 adjusted diluted EPS forecast of $8.29 to $8.44, updated for currency only; reported EPS forecast of $7.11 to $7.26
- Regular quarterly dividend raised 8.8% to $1.60 per share; the filing states no share repurchases in 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.