Philip Morris International said net revenues for the 3 months ended March 31, 2026 were $10.1 billion, an increase of $0.8 billion or 9.1% from the comparable prior-year period, and increased 2.7% excluding currency.

1. 01

   Philip Morris International said net revenues for the 3 months ended March 31, 2026 were $10.1 billion, an increase of $0.8 billion or 9.1% from the comparable prior-year period, and increased 2.7% excluding currency.

2. 02

   The company said net earnings attributable to PMI for the quarter were $2.4 billion, down 9.4%, and basic and diluted EPS were both $1.56, down 9.3%, while diluted EPS excluding a currency impact of $0.18 decreased 19.8%.

3. 03

   Philip Morris International said it recorded a fair value adjustment loss of $338 million after tax (or $0.22 per share decrease in diluted EPS) for its equity security investments in India and Sri Lanka in Q1 2026, compared to a gain of $143 million after tax (or $0.09 per share increase in diluted EPS) in Q1 2025.

4. 04

   The company said total debt as of March 31, 2026 was $51.9 billion, cash and cash equivalents were $5.5 billion, and commercial paper outstanding was $5.5 billion. There was no commercial paper outstanding as of December 31, 2025.

Key figures

Quarter ended March 31, 2026

Revenue

$10.1B

Operating income

$3.9B

Net income

$2.4B

EPS

$1.56

Gross profit

$6.9B

Operating cash flow

−$399M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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