Revenue $11.44B, up 5.5% on a year earlier. Smoke-Free Product Net Revenues $3.90B, down 12.3%. Diluted EPS $2.12 against $2.23.
| Q3 FY26 | Q2 FY26 | Q3 FY25 | Year over year | |
|---|---|---|---|---|
| Revenue | $11.44B | $11.19B | $10.85B | +5.5% |
| Operating income | $4.87B | $4.53B | $4.26B | +14.1% |
| Net income | $3.31B | $2.82B | $3.48B | -4.7% |
| Diluted EPS | $2.12 | $1.80 | $2.23 | |
| Operating cash flow | $5.35B | $5.49B | $4.46B | +19.9% |
| Capital expenditures | -$382.00M | -$380.00M | -$365.00M | |
| Free cash flow | $4.97B | $5.11B | $4.10B | +21.3% |
| Dividend per share | $1.47 | $1.47 | $1.47 |
| Q3 FY26 | Q3 FY25 | Year over year | |
|---|---|---|---|
| Net Revenues Growth (Organic) | 7.1% | 9.4% | |
| Smoke-Free Product Net Revenues | $3.90B | $4.45B | -12.3% |
| Combustibles Net Revenues | $6.72B | $6.40B | +5.1% |
| Smoke-free Business Net Revenues | $3.87B | $4.40B | -12.1% |
The week's biggest guidance misses, KPI surprises and one chart.
Stock Atlas, “Philip Morris International (PM) Q3 FY26 earnings: results and KPIs”, stockatlas.com/companies/PM/earnings/2026-q3/, data as of 3 November 2026. Links to this page are welcome.
