Philip Morris reports record Q3 income and Philip Morris stock trades at EUR 176.71

Published on 10/22/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue reached USD 11.4 billion on October 21, 2026. Philip Morris stock costs EUR 176.71 on October 22, 2026.

Quarterly performance and smoke-free growth

Third-quarter revenue reached USD 11.4 billion on October 21, 2026.
Adjusted operating margin rose to 44.70 percent in the third quarter of 2026.
Philip Morris stock trades at EUR 176.71 at 11:12 a.m. CEST at Lang & Schwarz on October 22, 2026.
Jefferies set a USD 190.00 target on October 13, 2026, up from USD 180.00.

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Philip Morris International (ISIN US7181721090) delivered record third-quarter operating income of USD 4.9 billion on October 21, 2026, while adjusted operating income reached USD 5.1 billion. The company also reported adjusted diluted earnings per share of USD 2.36 and net revenue of USD 11.4 billion, according to Philip Morris International.

Record income meets higher investment

Quarterly net revenue rose 5.50 percent from USD 10.845 billion in the third quarter of 2025, while organic growth reached 7.10 percent. Adjusted operating income increased 9.60 percent to USD 5.117 billion, lifting the adjusted operating margin to 44.70 percent from 43.10 percent in the comparable quarter, the company said in the October 21, 2026 release.

The results beat the published consensus cited by Investing.com: adjusted earnings per share of USD 2.36 exceeded the USD 2.30 estimate, while revenue of USD 11.4 billion topped the USD 11.32 billion forecast. Management kept full-year organic revenue growth guidance at 5.00 percent to 7.00 percent and organic operating income growth guidance at 7.00 percent to 9.00 percent.

What does the margin mean?

The 1.60 percentage-point margin expansion shows that pricing, scale and product mix more than offset higher investment. PMI said U.S. ZYN shipments reached 3.2 billion pouches in the third quarter, up 4.20 percent year over year, while U.S. segment revenue grew 22.70 percent. The investment cycle remains central because management expects full-year operating income growth toward the midpoint or lower half of its range.

Three dated signals for investors

On June 30, 2026, PMI had received modified-risk authorization for 20 ZYN variants, according to the October 21 release. On October 13, 2026, Jefferies raised its price target from USD 180.00 to USD 190.00, as reported by MarketScreener. The October 21, 2026 results release is the latest reporting milestone.

Stock trades during the regular session

Philip Morris stock was trading at EUR 176.71 at Lang & Schwarz on October 22, 2026 at 11:12 a.m. CEST. The primary listing is on the New York Stock Exchange, where the ticker is PM and the quotation currency is USD, according to Aephel. The further course of trading is shown by the continuously updated real-time quote of Philip Morris stock.