---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-026385"
form_type: "8-K"
ticker: "PM"
cik: "0001413329"
company_name: "Philip Morris International Inc."
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:52:32.911030+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PMI Q1 adj EPS +16% to $1.96; IQOS becomes #1; updates FY adj EPS forecast for currency

## Summary
- Reported diluted EPS $1.56 (down 9.3% YoY); adjusted diluted EPS $1.96 (up 16.0%, 5.3% excluding currency).
- Net revenues $10.1B, up 9.1% (2.7% organic); smoke-free business 43% of total revenues, up 1.3pp.
- IQOS became #1 nicotine brand in markets where present, with 10.9% share; HTU adjusted IMS volume grew 10.9%.
- International smoke-free segment net revenue grew 24.7% (15.8% organic) with 11.9% volume growth.
- FY2026 adjusted diluted EPS forecast updated for currency only; no numeric change disclosed in release.

## SEC filing metadata
- accession: 0001628280-26-026385
- form_type: 8-K
- ticker: PM
- cik: 0001413329
- company_name: Philip Morris International Inc.
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1413329/000162828026026385/0001628280-26-026385-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1413329/000162828026026385/pm-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-026385
- JSON: https://secwatch.observer/filing/0001628280-26-026385.json
- Plain text: https://secwatch.observer/filing/0001628280-26-026385.txt

## Key facts
- Earnings Releases
  Philip Morris International Inc. reported the quarter ended March 31, 2026 results: revenue $10.1 billion, EPS Reported diluted EPS declined by 9.3% to $1.56; Adjusted Diluted EPS grew by 16.0% to $1.96.
  - Period: the quarter ended March 31, 2026
  - Revenue: $10.1 billion
  - EPS: Reported diluted EPS declined by 9.3% to $1.56; Adjusted Diluted EPS grew by 16.0% to $1.96
  - Result: reported results
  source text: EPS growth in Q1, we are well positioned to continue delivering best-in-class performance in 2026." Results Highlights Net revenues increased by 9.1% (2.7% organically) to $10.1 billion, with both the smoke-free (up by 12.4%, 5.3% organically) and combustibles (up by 6.7%, 0.9% organically) businesses making meaningful contributions. Our smoke-free business
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413329/000162828026026385/0001628280-26-026385-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.