Philip Morris International (NYSE:PM) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

22 Jul 2026, 09:12 by Teresa Graham · The Cerbat Gem

Philip Morris International (NYSE:PM – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.16, FiscalAI reports. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.61 billion. Philip Morris International updated its Q3 2026 guidance to 2.200-2.25 EPS.

Philip Morris International Trading Down 2.4%

NYSE PM opened at $188.03 on Wednesday. Philip Morris International has a 1-year low of $142.11 and a 1-year high of $194.90. The company has a market capitalization of $293.06 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.27 and a beta of 0.38. The stock’s 50 day moving average is $182.60 and its two-hundred day moving average is $174.88.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is currently 82.70%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. BTIG Research initiated coverage on shares of Philip Morris International in a research report on Tuesday. They issued a “buy” rating and a $216.00 price target on the stock. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. UBS Group increased their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Stifel Nicolaus decreased their target price on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $197.00.

View Our Latest Report on Philip Morris International

Hedge Funds Weigh In On Philip Morris International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Resurgent Financial Advisors LLC grew its holdings in Philip Morris International by 3.7% during the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock valued at $244,000 after purchasing an additional 54 shares during the period. Douglass Winthrop Advisors LLC raised its holdings in Philip Morris International by 0.3% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock worth $2,942,000 after purchasing an additional 56 shares during the period. Aristotle Capital Management LLC boosted its position in shares of Philip Morris International by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock worth $222,000 after purchasing an additional 58 shares in the last quarter. Nia Impact Advisors LLC boosted its position in shares of Philip Morris International by 4.2% during the second quarter. Nia Impact Advisors LLC now owns 1,577 shares of the company’s stock worth $287,000 after purchasing an additional 63 shares in the last quarter. Finally, Sand Hill Global Advisors LLC grew its holdings in shares of Philip Morris International by 3.5% in the 4th quarter. Sand Hill Global Advisors LLC now owns 1,855 shares of the company’s stock valued at $298,000 after buying an additional 63 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International News Summary

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

Positive Sentiment: Philip Morris posted second-quarter adjusted EPS of $2.20, ahead of the $2.04 consensus, and revenue of $11.19 billion versus $10.61 billion expected, signaling solid operational execution. Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;
Positive Sentiment: The company said international business growth and the U.S. Zyn portfolio boosted sales, suggesting continued momentum in smoke-free and next-generation products. Philip Morris Sales Boosted by Growth in International Business
Positive Sentiment: Management updated third-quarter guidance to EPS of $2.20 to $2.25, reinforcing confidence in near-term earnings power and dividend support. Philip Morris (PM) Q2 Earnings: What To Expect
Neutral Sentiment: Some commentary focused on whether Philip Morris can sustain its dividend momentum, which is important for income investors but does not directly change the company’s operating outlook. Can Philip Morris International (NYSE:PM) Sustain Its Dividend Momentum?
Neutral Sentiment: One market note said the stock underperformed peers on Tuesday, but this appears to be a relative trading comment rather than a new fundamental development. Philip Morris International Inc. stock underperforms Tuesday when compared to competitors
Negative Sentiment: Although the quarter beat expectations, reported diluted EPS fell 7.7% to $1.80, and the third-quarter guide came in below the market’s EPS estimate, which could weigh on sentiment. Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

About Philip Morris International

(Get Free Report)

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.