Oct 21, 7:04 AM ET
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%.
- 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
Read the filing on SEC.gov ↗
Sep 18, 8:04 AM ET
Philip Morris International's Board increased the regular quarterly dividend by 8.8%, from $1.47 to $1.60 per share, an annualized rate of $6.40. The dividend is payable October 26, 2026, to shareholders of record as of October 2, 2026, which is also the ex-dividend date. The company says it has raised its annual dividend every year since becoming a public company in 2008.
- New quarterly dividend of $1.60 per share, up from $1.47 per share, an increase of 8.8%
- Annualized dividend rate of $6.40 per share
- Payable October 26, 2026; record and ex-dividend date October 2, 2026
- Total dividend increase of 248% since 2008, a compound annual growth rate of 7.2%
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Sep 8, 9:46 AM ET
Philip Morris International furnished slides for a September 8, 2026 presentation by CEO Jacek Olczak at the Barclays Global Consumer Conference. The company raised its 2026 adjusted diluted EPS forecast to $8.35 to $8.50, a 10.7% to 12.7% increase, and says the change reflects currency only. Excluding currency, the forecast is $8.11 to $8.26, or 7.5% to 9.5% growth.
- 2026 adjusted diluted EPS forecast raised to $8.35 to $8.50 (10.7% to 12.7% growth), including a favorable currency impact of 24 cents
- Excluding currency, the 2026 adjusted diluted EPS forecast is $8.11 to $8.26 (7.5% to 9.5% growth)
- Q3 2026 adjusted diluted EPS forecast is $2.29 to $2.34, with 1 cent of favorable currency
- Slides cite Japan consumer offtake recovery in line with expectations and October pricing confirmed
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Sep 8, 7:37 AM ET
Philip Morris International said at its Barclays Global Consumer Conference presentation on September 8, 2026 that it raised its 2026 reported diluted EPS forecast to $7.28-$7.43, with the change reflecting currency only. All other forecast assumptions remain unchanged from those communicated on July 22, 2026, so the company's operating outlook is not changed by this filing.
- Reported diluted EPS forecast raised to $7.28-$7.43; total 2026 adjustments of $1.07 per share, including a $0.33 non-cash impairment of the RBH equity investment
- Adjusted diluted EPS forecast of $8.35-$8.50, a projected 10.7%-12.7% increase versus $7.54 in 2025; excluding currency, the range is $8.11-$8.26 (7.5%-9.5% growth)
- Favorable currency impact now $0.24 per share (previously $0.15); Q3 adjusted EPS forecast updated to $2.29-$2.34 (previously an unfavorable 8 cents of currency impact, now a favorable 1 cent)
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Aug 24, 7:02 AM ET
On August 24, 2026, Philip Morris International said certain of its non-U.S. affiliates have entered a contract manufacturing arrangement for combustible cigarettes with Philip Morris USA, an operating company of Altria Group. The company does not expect a material impact from the arrangement on its 2026 financials, and it says the deal does not change its plan to avoid commercializing combustible cigarettes in the United States.
- Arrangement is between non-U.S. PMI affiliates and Philip Morris USA, an Altria operating company, announced August 24, 2026
- First shipments are expected to begin early in 2027, subject to operational readiness and regulatory requirements
- PMI does not expect a material impact on its 2026 financials
- PMI has not commercialized combustible cigarettes in the U.S. and has no plans to do so
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Jul 22, 7:02 AM ET
Philip Morris International reported second-quarter 2026 net revenues up 10.4% to $11.2 billion, with adjusted diluted EPS up 15.2% to $2.20. Reported diluted EPS fell 7.7% to $1.80 after a $511 million non-cash impairment of its RBH equity investment, and the full-year adjusted EPS forecast of $8.26 to $8.41 was updated only for currency. Shareholders see strong operating growth overshadowed by the reported loss-driven decline and the impairment charge.
- Q2 net revenues rose 10.4% (7.6% organically) to $11.2 billion; smoke-free revenues rose 11.7%.
- Reported diluted EPS was $1.80, down 7.7%, after a $511 million RBH impairment equal to 33 cents per share.
- Adjusted diluted EPS rose 15.2% to $2.20, or 13.6% excluding a 3 cent favorable currency impact.
- 2026 reported diluted EPS forecast is $7.19 to $7.34; adjusted EPS forecast is $8.26 to $8.41, with currency benefit lowered to $0.15 from $0.20.
Read the filing on SEC.gov ↗
Jul 9, 4:05 PM ET
Philip Morris International named Massimo Andolina, currently President of its Europe Region, as Group Chief Financial Officer, replacing Emmanuel Babeau effective August 1, 2026. Babeau will stay with the company as Strategic Advisor to CEO Jacek Olczak through March 31, 2027, and his separation terms, including severance and full vesting of outstanding equity awards, were set in a separation agreement.
- Massimo Andolina, current President, Europe Region, becomes Group CFO effective August 1, 2026, replacing Emmanuel Babeau.
- Babeau remains employed as Strategic Advisor to Group CEO Jacek Olczak through the Separation Date of March 31, 2027.
- Babeau's severance includes a lump sum equal to his base salary of CHF 1,260,012 (or $1,563,423), plus CHF 393,754 (or $488,570) in lieu of his 2027 pro-rated annual incentive.
- Outstanding equity awards will fully vest, and Babeau agreed to a twenty-four month non-competition provision.
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Jun 29, 4:05 PM ET
Philip Morris International prepaid €1.0 billion (approximately $1.1 billion), including part of the principal and accrued interest, on its 5-year tranche of a senior unsecured term loan facility on June 29, 2026. About €1.5 billion (approximately $1.7 billion) remains outstanding under that tranche, which expires June 23, 2027, so the filing shows a reduction in near-term debt rather than a change in operations.
- Prepayment of €1.0 billion (approximately $1.1 billion) made June 29, 2026
- Prepayment covered part of outstanding principal and accrued interest under the 5-year tranche
- About €1.5 billion (approximately $1.7 billion) remains outstanding, expiring June 23, 2027
Read the filing on SEC.gov ↗
Jun 11, 6:04 AM ET
Philip Morris International's Board declared a regular quarterly dividend of $1.47 per common share on June 11, 2026. The filing furnishes the press release and does not report new financial results, guidance, or other changes to the business.
- Quarterly dividend of $1.47 per common share declared June 11, 2026
- Payable July 20, 2026 to shareholders of record as of June 25, 2026
- Ex-dividend date is June 25, 2026
- Filing also notes smoke-free products accounted for 43% of first-quarter 2026 total net revenues
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Jun 2, 6:05 AM ET
PMI said it will record a non-cash impairment of about $500 million on its RBH equity investment in the second quarter of 2026, after RBH's updated five-year plan lowered the estimated fair value of the stake. The impairment and a currency effect reduce the reported 2026 diluted EPS forecast to $7.18 to $7.33, while the adjusted EPS forecast of $8.31 to $8.46 still represents 10.2% to 12.2% growth over 2025.
- Reported 2026 diluted EPS forecast is $7.18 to $7.33, including a total 2026 adjustment of $1.13 per share.
- Non-cash impairment of RBH equity investment of about $500 million, or 33 cents of diluted EPS, expected in Q2 2026.
- Adjusted 2026 diluted EPS forecast of $8.31 to $8.46 vs. $7.54 in 2025; RBH remaining carrying value expected below $100 million.
- Q2 2026 adjusted diluted EPS forecast for currency is $1.97 to $2.02, including an estimated 3-cent unfavorable currency impact.
Read the filing on SEC.gov ↗
May 20, 7:05 AM ET
Philip Morris International said its board approved Massimo Andolina, currently President, Europe Region, as Group Chief Financial Officer, replacing Emmanuel Babeau effective August 1, 2026. Babeau will stay with the company as Strategic Advisor to CEO Jacek Olczak through March 31, 2027, and will help Andolina with the transition; his separation is treated as a termination without cause, with payments described in the 2026 Proxy Statement.
- Massimo Andolina, 57, becomes Group CFO effective August 1, 2026, succeeding Emmanuel Babeau.
- Andolina has been President, Europe Region since January 2023 and joined the company in 2008.
- Babeau remains as Strategic Advisor to Jacek Olczak, Group CEO, through March 31, 2027.
- Andolina's compensation as Group CFO has not yet been determined.
Read the filing on SEC.gov ↗
May 6, 9:52 AM ET
Philip Morris International held its 2026 virtual annual meeting of shareholders on May 6, 2026, where shareholders elected 10 director nominees and approved the executive compensation on an advisory basis. The company's Group CEO said the first quarter was strong and reaffirmed growth targets for 2026-2028, but the filing contains no new financial figures. The meeting itself is routine, and final voting results will be filed in a later Form 8-K.
- About 81 percent of eligible shares were represented at the meeting in person or by proxy.
- Shareholders elected 10 director nominees, approved named executive officer compensation on an advisory basis, and ratified PricewaterhouseCoopers SA as independent auditors.
- Shareholders voted against a shareholder proposal.
- Final voting results will be included in a Form 8-K to be filed with the SEC in the coming days.
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Apr 29, 4:07 PM ET
Philip Morris International issued $750 million of 4.125% notes due 2029 and $750 million of 4.875% notes due 2036 on April 29, 2026, under an existing 2008 indenture. The company plans to use the net proceeds for general corporate purposes, including repaying commercial paper, refinancing its 0.875% notes due 2026, or meeting working capital needs. The filing describes a financing transaction and does not report changes to earnings or guidance.
- $750 million of 4.125% Notes due April 27, 2029 and $750 million of 4.875% Notes due April 29, 2036 were issued on April 29, 2026.
- Net proceeds may fund general corporate purposes, repay commercial paper, refinance the 0.875% Notes due 2026, or meet working capital requirements.
- The Notes are senior unsecured obligations, ranking equally with existing and future senior unsecured debt, and were sold through underwriters led by Barclays Capital Inc. and Morgan Stanley & Co. LLC.
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Apr 22, 7:02 AM ET
Philip Morris International reported first-quarter 2026 net revenues up 9.1% to $10.1 billion, with adjusted diluted EPS up 16.0% to $1.96. Reported diluted EPS fell 9.3% to $1.56, mainly due to a non-cash fair value adjustment on its minority shareholding in India. The company also updated its 2026 full-year adjusted diluted EPS forecast for currency only, to $8.36 to $8.51.
- Net revenues rose 9.1% (2.7% organically) to $10.1 billion; reported diluted EPS fell 9.3% to $1.56 due to a $0.22 per share fair value adjustment on equity security investments.
- Adjusted diluted EPS rose 16.0% to $1.96, or 5.3% to $1.78 excluding currency.
- U.S. segment net revenues fell 30.8% as reported (31.6% organically), with total smoke-free shipment volumes down 21.2%.
- 2026 forecast: adjusted diluted EPS of $8.36 to $8.51 and reported diluted EPS of $7.56 to $7.71; no share repurchases are planned.
Read the filing on SEC.gov ↗
Mar 13, 7:16 AM ET
Philip Morris International posted recast 2025 and 2024 shipment volume and financial data on its website on March 13, 2026, reflecting a reorganization into three reportable segments effective January 1, 2026. The company states that consolidated results do not differ from previously disclosed figures, except for reclassifications of certain costs, and that the recast is not a restatement.
- Three new reportable segments replace four geographic segments: International Smoke-Free, International Combustibles and U.S.
- Recast data covers 2025 vs. 2024 (Exhibit 99.1) and 2024 vs. 2023 (Exhibit 99.2).
- Foreign currency gains/losses and restricted and performance share unit compensation moved from cost of sales and marketing, administration and research into a new Corporate expenses and other line.
- As reported, full-year 2025 net revenues were $40,648 million, up 7.3% from $37,878 million in 2024.
Read the filing on SEC.gov ↗
Mar 5, 7:03 AM ET
Philip Morris International's Board declared a regular quarterly dividend of $1.47 per common share on March 5, 2026. The dividend is payable April 13, 2026, to holders of record as of March 19, 2026, which is also the ex-dividend date.
- Quarterly dividend of $1.47 per common share declared March 5, 2026
- Payable April 13, 2026 to shareholders of record as of March 19, 2026
- Ex-dividend date is March 19, 2026
- Filing contains no earnings, guidance or financial results
Read the filing on SEC.gov ↗
Feb 18, 10:04 AM ET
At the Consumer Analyst Group of New York conference on February 18, 2026, PMI furnished presentation slides that restate its 2026-28 growth targets: 6-8% organic net revenue CAGR, 8-10% organic operating income CAGR, and 9-11% currency-neutral adjusted diluted EPS CAGR. The slides also show 2025 smoke-free net revenues of about $17 billion and project 2026 adjusted diluted EPS of $8.38 to $8.53, which gives shareholders a multi-year benchmark for the company's performance.
- 2026-28 targets: 6-8% organic net revenue CAGR, 8-10% organic operating income CAGR, 9-11% currency-neutral adjusted diluted EPS CAGR
- 2026 adjusted diluted EPS estimate of $8.38 to $8.53, compared with $7.54 in 2025 per the slides
- Expected 2026-28 operating cash flow of about $45 billion and average annual capital expenditures of $1.3 to $1.5 billion
- 2025 net revenues of $40.6 billion, up 7.3% from 2024, with smoke-free net revenues of about $17 billion
Read the filing on SEC.gov ↗
Feb 18, 7:04 AM ET
Philip Morris International reaffirmed its 2026 full-year reported diluted EPS forecast of $7.87 to $8.02 while presenting at the Consumer Analyst Group of New York Conference. The forecast is unchanged from the February 6, 2026 earnings release, so shareholders see no change to guidance in this filing.
- Reported diluted EPS forecast of $7.87 to $8.02 for 2026 was reaffirmed, with assumptions unchanged from the February 6, 2026 earnings release.
- Adjusted diluted EPS forecast of $8.38 to $8.53 represents growth of 11.1% to 13.1% versus $7.54 in 2025.
- Excluding a favorable currency impact of $0.27 per share, adjusted growth is projected at 7.5% to 9.5%.
- CEO Jacek Olczak and CFO Emmanuel Babeau were scheduled to present at about 10:00 a.m. ET on February 18, 2026.
Read the filing on SEC.gov ↗
Feb 6, 7:02 AM ET
Philip Morris International reported fourth-quarter and full-year 2025 results. Full-year reported diluted EPS was $7.26, up from $4.52 in 2024, and adjusted diluted EPS was $7.54, up 14.8%, while net revenues rose 7.3% to $40.6 billion. The company forecast 2026 reported diluted EPS of $7.87 to $8.02 and adjusted diluted EPS of $8.38 to $8.53.
- Full-year 2025 reported diluted EPS of $7.26 versus $4.52 in 2024; adjusted diluted EPS of $7.54
- Full-year 2025 net revenues of $40.6 billion, up 7.3% reported and 6.5% organically
- 2026 forecast: adjusted diluted EPS of $8.38 to $8.53, with no share repurchases assumed
- Declared regular quarterly dividend of $1.47 per share, or $5.88 annualized
Read the filing on SEC.gov ↗
Jan 15, 8:36 AM ET
Philip Morris International issued a press release on January 15, 2026, describing over $20 billion of investments since 2022 in U.S. manufacturing, commercial rights, infrastructure and jobs, mostly tied to the 2022 Swedish Match acquisition. The company said it expects to make substantial additional U.S. investments, but the release gives no new financial results, guidance or specific dollar commitments for those future plans.
- Over $20 billion of PMI investments since 2022, including around $19 billion in 2022 tied to the Swedish Match acquisition
- More than $1 billion further invested in U.S. manufacturing, operations and people costs since the Swedish Match acquisition, through September 30, 2025
- Infrastructure investments in Colorado, Kentucky and North Carolina are expected to generate more than 1,000 direct and 1,500 indirect jobs
- Company states U.S. workforce has grown to over 3,000 employees
Read the filing on SEC.gov ↗
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