AI-extracted from the 10-Q filed 2026-10-23 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
PMI's Q3 2026 net revenues rose 5.5% to $11.4B, led by International Smoke-Free (+0.7%) and U.S. (+22.7%), while Q3 diluted EPS fell 4.9% to $2.12 on higher tax and investment losses.
Biggest Revenue Drivers
International Combustibles$6.7B+6.5% YoY
Favorable pricing variance and restructuring of distribution terms in certain markets, partly offset by unfavorable geographic mix
International Smoke-Free$3.9B+0.7% YoY
Favorable volume/mix driven by higher HTU and e-vapor volumes and favorable pricing due to HTUs, partly offset by currency
Biggest Revenue Drivers
Total revenue: $11.4B+5.5% YoY
International Combustibles$6.7B+6.5% YoY
Favorable pricing variance and restructuring of distribution terms in certain markets, partly offset by unfavorable geographic mix
International Smoke-Free$3.9B+0.7% YoY
Favorable volume/mix driven by higher HTU and e-vapor volumes and favorable pricing due to HTUs, partly offset by currency
U.S.$845M+22.7% YoY
Growing ZYN shipments of 4.2% and a favorable price variance against prior year promotions
Largest Expense Items
Marketing, administration and research costs$2,993M-2.1% YoY
Decreased versus prior year, which included a $176M Germany excise tax classification litigation charge
Cost of sales$3,584M+2.9% YoY
Higher manufacturing costs and energy-related input price increases
Pension and other employee benefit costs$73M+$59M YoY
Includes a $74M pre-tax settlement loss from buy-out of the Dutch defined benefit pension plan
Watch Items from the Filing
Management expects an abnormally low level of U.S. profitability in Q4 2026 due to ZYN 20-pouch can transition and increased marketing investment.
Equity investments and securities produced an $86M loss in Q3 2026 versus $345M of income in Q3 2025, driven by fair value adjustments on India and Sri Lanka equity securities.
Ongoing litigation over the German HTP supplemental excise tax; an unfavorable appeal outcome would negatively affect future operating cash flows for unpaid interest.
Russian operations represented about 7% of nine-month net revenues, with approximately $5.6B of total assets; a divestment would likely trigger material impairment.
Cumulative trade receivables sold for nine months totaled $8.4B, and $1.0B is due to suppliers in the supply chain financing program.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
26 transactions in PM reported by 17 members of Congress under the STOCK Act, most recent trade Feb 5, 2026. Reported transactions, not recommendations.
About Philip Morris International Inc. (PM): stock profile, AI score and financials
Philip Morris International Inc. (PM) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores PM at 75.4/100 on a composite quality score built from its SEC filings, placing it at rank #94 of 2,925 stocks — the top 5% of the AI-ranked universe. PM scores in the top quartile across revenue scale (96.3), balance sheet strength (94.4), profitability (89.1). Based on the latest XBRL financial filings (Q3 2026), Philip Morris International Inc. reports quarterly revenue of $11.4B, net income of $3.3B, an operating margin of 42.5%. Top institutional holders of PM by reported 13-F value include Capital World Investors, BlackRock, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. PM trades on the NYSE exchange and files with the SEC under CIK 1413329. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Philip Morris International Inc. directly from SEC EDGAR.