Philip Morris International (PM) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Q1 results on April 22: Philip Morris will report Q1 2026 results before the market opens on April 22, with analysts forecasting $1.83 EPS and $9.946 billion in revenue; the company has set Q1 guidance of 1.800–1.850 EPS and FY‑2026 guidance of 8.380–8.530 EPS.
• In the last reported quarter PMI posted $1.70 EPS (meeting estimates) and $10.36 billion in revenue, a 6.8% year‑over‑year revenue increase, while the stock trades around $159.48 with a market cap near $248.6 billion and a P/E of ~21.9.
• Insider activity and dividend: CEO Jacek Olczak sold 80,000 shares and CFO Emmanuel Babeau sold 33,800 shares in February, and the company pays a $1.47 quarterly dividend (annualized $5.88, yield ~3.7%, payout ratio ~80.9%).

Philip Morris International (NYSE:PM - Get Free Report) is expected to be issuing its Q1 2026 results before the market opens on Wednesday, April 22nd. Analysts expect the company to announce earnings of $1.83 per share and revenue of $9.9464 billion for the quarter. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. Parties are encouraged to explore the company's upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Wednesday, April 22, 2026 at 7:00 AM ET.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, meeting the consensus estimate of $1.70. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.40 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. The business's revenue was up 6.8% compared to the same quarter last year. On average, analysts expect Philip Morris International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Philip Morris International Trading Down 2.0%

PM opened at $159.48 on Wednesday. Philip Morris International has a 1-year low of $142.11 and a 1-year high of $191.30. The company has a market cap of $248.55 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.91 and a beta of 0.43. The company has a fifty day moving average price of $173.10 and a two-hundred day moving average price of $163.91.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International's payout ratio is 80.88%.

Insider Transactions at Philip Morris International

In other news, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the completion of the transaction, the chief executive officer directly owned 632,344 shares in the company, valued at $115,200,429.92. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $181.61, for a total transaction of $6,138,418.00. Following the transaction, the chief financial officer owned 164,463 shares of the company's stock, valued at $29,868,125.43. This represents a 17.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PM. Brighton Jones LLC boosted its holdings in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 91 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Philip Morris International by 53.7% during the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company's stock worth $1,027,000 after purchasing an additional 1,970 shares during the last quarter. Jump Financial LLC purchased a new position in Philip Morris International during the second quarter worth about $2,454,000. Finally, Osterweis Capital Management Inc. boosted its holdings in Philip Morris International by 2,280.0% during the second quarter. Osterweis Capital Management Inc. now owns 357 shares of the company's stock worth $65,000 after purchasing an additional 342 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of several research analyst reports. Jefferies Financial Group downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating and decreased their price target for the company from $220.00 to $180.00 in a research note on Tuesday, January 20th. Citigroup lifted their price target on shares of Philip Morris International from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, February 10th. Barclays reaffirmed an "overweight" rating and issued a $205.00 price target on shares of Philip Morris International in a research note on Monday, February 23rd. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Finally, UBS Group reiterated a "neutral" rating and set a $181.50 price objective on shares of Philip Morris International in a report on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and an average price target of $195.72.

Philip Morris International News Roundup

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: PM announced a $50 million investment to open a business solutions center in Tampa, Florida, expanding U.S. operations and signaling continued reinvestment and cost/consolidation benefits. Read More.
• Positive Sentiment: Philip Morris will serve as Principal Partner of Ferrari Hypersail, reinforcing its brand partnerships and innovation narrative (helpful for investor perception around transformation away from combustible tobacco). Read More.
• Positive Sentiment: A comparative piece argues Philip Morris is executing a credible transformation vs. Altria, framing PM’s dividend and strategic story as more sustainable — a narrative that can support investor confidence. Read More.
• Neutral Sentiment: PM appears in broader coverage of “cash‑producing” stocks; these pieces can drive retail interest but don’t add new company‑specific catalysts. Read More.
• Negative Sentiment: Needham cut its price target from $205 to $200 but kept a “buy” rating — a modest downgrade that still implies meaningful upside but contributes to near‑term selling pressure. Read More.
• Negative Sentiment: Stifel lowered its price target to $195, another analyst trim that adds to downward pressure on the stock amid profit‑taking and re‑rating risk. Read More.

Philip Morris International Company Profile

Philip Morris International Inc NYSE: PM is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI's product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.

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