Philip Morris reports record quarter: USD 1.60 dividend for Philip Morris stock

Published on 10/23/2026 at 11:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Philip Morris stock costs EUR 179.45 on October 23, 2026. Q3 revenue reached USD 11.4 billion and adjusted EPS USD 2.36 on October 21, 2026.

Quarterly growth and valuation context

Third-quarter revenue reached USD 11.4 billion on October 21, 2026.
Adjusted diluted earnings per share reached USD 2.36 in the third quarter of 2026.
Philip Morris stock trades at EUR 179.45 at 11:37 a.m. CEST at Lang & Schwarz on October 23, 2026.
UBS raised its target from USD 193.00 to USD 201.00 on October 22, 2026.
The next earnings date is February 11, 2027.

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Philip Morris (ISIN US7181721090) was trading at EUR 179.45 at Lang & Schwarz on October 23, 2026 at 11:37 a.m. CEST. The company reported record third-quarter revenue and operating income on October 21, while adjusted diluted earnings per share reached USD 2.36, according to Philip Morris International.

Q3 results set a new record

For the third quarter of 2026, net revenue increased 5.5 percent to USD 11.4 billion, while organic revenue growth reached 7.1 percent. Reported operating income rose 14.1 percent to USD 4.9 billion, and adjusted operating income reached USD 5.1 billion, up 9.6 percent from the year-earlier quarter, the company said in its October 21 release.

Adjusted diluted earnings per share increased 5.4 percent to USD 2.36, while reported diluted earnings per share fell 4.9 percent to USD 2.12 because of a fair-value adjustment for equity investments. Smoke-free products represented more than 40 percent of third-quarter revenue, and shipments of those products increased 2.7 percent year over year.

What does the dividend signal?

Philip Morris raised its regular quarterly dividend 8.8 percent to USD 1.60 per share, equal to USD 6.40 on an annualized basis. The increase came alongside full-year adjusted earnings guidance of USD 8.29 to USD 8.44, with organic revenue growth still projected at 5 percent to 7 percent in 2026.

Three milestones shape the shift

On June 30, 2026, the U.S. Food and Drug Administration authorized modified-risk claims for 20 ZYN variants, according to Philip Morris International. On August 21, 2026, the FDA authorized 11 ZYN ULTRA variants, bringing the total number of authorized ZYN variants to 31. On October 21, 2026, PMI reported USD 11.4 billion in third-quarter revenue and USD 2.36 in adjusted diluted earnings per share, according to Philip Morris International.

When are the next key dates?

The next earnings report is scheduled for February 11, 2027, according to TradingView. UBS raised its price target from USD 193.00 to USD 201.00 on October 22, 2026, while keeping a Neutral rating, according to Investing.com. The target change adds a valuation reference, but the report also highlighted weaker-than-expected smoke-free performance and higher investment costs.

Stock context for German investors

Philip Morris is listed on the NYSE under PM and operates in the consumer defensive sector, with cigarettes and smoke-free products sold internationally. Its market capitalization was USD 314.4 billion as of October 22, 2026, while the 52-week range was USD 142.11 to USD 210.45.

The stock was trading at EUR 179.45 at Lang & Schwarz on October 23, 2026 at 11:37 a.m. CEST. The quote is an intraday indication for investors in Germany, while the latest company figures point to a business balancing strong pricing and smoke-free growth against higher U.S. investment.

The further course of trading is shown by the continuously updated real-time quote of Philip Morris stock.