Every 8-K that Philip Morris International Inc. (PM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PM filings page.
Philip Morris International Inc. (PM) provides updated guidance and strategic commentary in connection with a presentation by CEO Jacek Olczak at the Barclays Global Consumer Conference. PMI now targets 2026 adjusted diluted EPS of $8.35–$8.50, compared with $7.54 in 2025, implying 10.7%–12.7% growth, including a $0.24 favorable currency impact. Adjusted diluted EPS excluding currency is forecast at $8.11–$8.26, or 7.5%–9.5% growth. For the third quarter of 2026, PMI forecasts adjusted diluted EPS of $2.29–$2.34, including a $0.01 currency benefit. The company highlights continued growth of smoke-free products led by IQOS, expansion of the ZYN portfolio in the U.S., and ongoing robust performance of combustibles, while also reiterating detailed forward-looking risk factors affecting regulation, taxation, litigation, competition, Geopolitics, and execution of its smoke-free strategy.
Philip Morris International Inc. (PM) updated its 2026 outlook alongside a presentation by Group CEO Jacek Olczak at the Barclays Global Consumer Conference. The company now forecasts 2026 reported diluted EPS of $7.28–$7.43, reflecting currency effects only.
Excluding a total 2026 adjustment of $1.07 per share, PMI expects adjusted diluted EPS of $8.35–$8.50, a projected increase of 10.7%–12.7% versus $7.54 in 2025. Excluding a favorable currency impact of $0.24 per share, the adjusted diluted EPS forecast of $8.11–$8.26 implies growth of 7.5%–9.5%. PMI also updated its Q3 2026 adjusted diluted EPS forecast to $2.29–$2.34, now including an estimated $0.01 favorable currency impact.
The company highlights that smoke-free products represented about 42% of total net revenues in second-quarter 2026 and were used by over 43 million legal-age consumers as of December 31, 2025. PMI has invested more than $16 billion since 2008 to develop and commercialize smoke-free products and notes multiple FDA marketing and Modified Risk Tobacco Product authorizations for parts of its portfolio.
Philip Morris International Inc. (PM) announced that, through its non‑U.S. affiliates, it has entered into a contract manufacturing arrangement for combustible cigarettes with Philip Morris USA, an operating company of Altria Group Inc. The collaboration is intended to leverage the combustible cigarette manufacturing capabilities and expertise of both organizations while PMI continues to focus on a smoke‑free future.
The first shipments under this arrangement are expected to begin early in 2027, subject to operational readiness and applicable regulatory requirements. PMI stated that it does not expect a material impact on its 2026 financials from this arrangement. PMI has not commercialized combustible cigarettes in the United States and has no plans to do so, and this arrangement does not change that position. PMI and Altria will continue to operate independently and remain responsible for their own commercialization, distribution, and regulatory activities.
PMI also highlighted its broader transformation: as of December 31, 2025, smoke‑free products were available in over 105 markets and were used by over 43 million legal‑age consumers, with smoke‑free products accounting for approximately 42% of second‑quarter 2026 total net revenues.
Philip Morris International reported strong underlying results for the quarter and six months ended June 30, 2026. Second-quarter net revenues rose to $11.2 billion, up 10.4% (7.6% organically), with shipment volumes up 2.5%, including 7.5% growth in smoke-free products and 1.1% growth in cigarettes. Gross profit increased 11.5% to $7.7 billion, and operating income grew 22.0% to $4.5 billion, expanding the adjusted operating margin to 42.6%.
Reported diluted EPS declined 7.7% to $1.80, primarily due to a $511 million non-cash impairment of the RBH equity investment, while adjusted diluted EPS rose 15.2% to $2.20 (13.6% excluding currency). Smoke-free products generated about 42% of net revenues, with double-digit growth in the International Smoke-Free segment; the U.S. segment saw a 0.7% net revenue decline in the quarter and a 16.1% decline year-to-date despite modest ZYN shipment growth.
For the first half of 2026, net revenues reached $21.3 billion, up 9.8%, and adjusted diluted EPS increased to $4.16 from $3.60. Operating cash flow for the first six months was $5.1 billion, up 66.3%. Management forecasts 2026 adjusted diluted EPS of $8.26–$8.41, implying 9.5%–11.5% growth versus 2025, or 7.5%–9.5% excluding currency, based on 5%–7% organic net revenue growth and 7%–9% organic operating income growth.
Philip Morris International Inc. detailed the exit arrangements for Group Chief Financial Officer Emmanuel Babeau, who will be succeeded by Massimo Andolina effective August 1, 2026. Babeau will remain employed as Strategic Advisor to Group CEO Jacek Olczak through March 31, 2027 under a Separation Agreement and Release.
During this advisory period, Babeau will continue to receive his current base salary of CHF 1,260,012 (or $1,563,423) and be eligible for a 2026 annual cash incentive with a target equal to 125% of base salary, subject to continued employment. He will also be eligible for the restricted share unit portion of his 2027 equity award, representing 40% of the total award, if approved and if he remains employed through the separation date.
Upon separation, he will receive post-employment payments consistent with a termination without cause under his existing employment agreement, including a lump sum severance equal to his current base salary, a payment of CHF 393,754 (or $488,570) in lieu of his 2027 cash incentive pro-rated through the separation date, and full vesting of then-outstanding equity awards. The agreement includes a twenty-four month non-competition provision, confidentiality and non-disparagement terms, and a general release of claims.
Philip Morris International Inc. prepaid €1.0 billion (approximately $1.1 billion), including a portion of principal and accrued interest, under the 5-year tranche of its senior unsecured term loan facility dated June 23, 2022.
After this early repayment on June 29, 2026, borrowings of €1.5 billion (approximately $1.7 billion) under the same 5-year tranche remain outstanding, with the facility scheduled to expire on June 23, 2027.
Philip Morris International Inc. filed an amended report to detail the compensation arrangements for incoming Group Chief Financial Officer Massimo Andolina, effective August 1, 2026. Under a new Employment Agreement with a PMI subsidiary, his annual base salary will be CHF 1,050,010, or $1,324,483 based on a June 15, 2026 exchange rate.
He will remain eligible for the company’s annual cash incentive program with a target of 125% of base salary and for long-term equity awards targeted at 275% of base salary, split into performance share units (60%) and restricted share units (40%). The new Employment Agreement replaces prior arrangements.
Philip Morris International Inc. is declaring a regular quarterly dividend of $1.47 per common share, payable on July 20, 2026 to shareholders of record as of June 25, 2026. The ex-dividend date is also June 25, 2026.
The company highlights its focus on smoke-free products, which were used by over 43 million legal-age consumers as of December 31, 2025 and generated 43% of total net revenues in the first quarter of 2026. Since 2008, PMI has invested over $16 billion in developing and commercializing innovative smoke-free products.
Philip Morris International Inc. updated its 2026 earnings outlook while its CEO addresses investors at the 2026 dbAccess Global Consumer Conference. The company now forecasts full-year reported diluted EPS of $7.18 to $7.33, reflecting currency effects and a non-cash impairment related to its Canadian affiliate RBH.
Excluding total forecast adjustments of $1.13 per share, PMI projects adjusted diluted EPS of $8.31 to $8.46 for 2026, a 10.2% to 12.2% increase versus $7.54 in 2025. The company expects to record an approximately $500 million non-cash impairment charge, or $0.33 per diluted share, in the second quarter of 2026 after reassessing RBH’s fair value.
PMI notes that smoke-free products, led by IQOS and including ZYN nicotine pouches, are driving performance and represented 43% of total net revenues in the first quarter of 2026. The company also highlights expansion of its U.S. ZYN portfolio and reiterates that all other forecast assumptions remain unchanged from prior guidance.
Philip Morris International is appointing Massimo Andolina, currently President, Europe Region, as Group Chief Financial Officer effective August 1, 2026, succeeding Emmanuel Babeau. Babeau will remain with the company until March 31, 2027 as Strategic Advisor to Group CEO Jacek Olczak to support a smooth transition.
The company highlights the growth of its smoke-free business, which represented 43% of total net revenues in Q1 2026, with smoke-free products available in over 105 markets and used by an estimated 43 million legal-age consumers as of December 31, 2025. Since 2008, PMI has invested over $16 billion to develop and commercialize smoke-free products.
Philip Morris International Inc. held its Annual Meeting of Shareholders, where a quorum of 1,262,402,035 shares of common stock was represented out of 1,558,530,268 shares outstanding as of the March 13, 2026 record date.
All ten nominated directors were elected, each receiving over 1.0 billion votes "For". Shareholders approved, on an advisory basis, the Company’s executive compensation with 1,058,797,023 votes in favor and 45,216,691 against. They also ratified the selection of PricewaterhouseCoopers SA as independent auditors for the fiscal year ending December 31, 2026, with 1,251,525,309 votes in favor.
A shareholder proposal requesting a report on filter cleanup costs and extended producer responsibility laws for filters received 51,045,096 votes "For" and 1,044,989,103 votes "Against", and was therefore defeated.
Philip Morris International Inc. held its 2026 virtual Annual Meeting of Shareholders, emphasizing its shift toward smoke-free products and recent financial performance.
Management highlighted 2025 net revenues surpassing $40 billion, including close to $17 billion from smoke-free products, and a fifth consecutive year of volume growth. Smoke-free products accounted for 43% of total net revenues in the first quarter of 2026 and are used by an estimated 43 million legal-age consumers as of December 31, 2025. Approximately 81% of shares entitled to vote were represented, and shareholders elected all 10 director nominees, approved executive compensation on an advisory basis, ratified the independent auditors, and voted against a shareholder proposal.
Philip Morris International Inc. issued $750,000,000 of 4.125% Notes due 2029 and $750,000,000 of 4.875% Notes due 2036 under its existing indenture with HSBC Bank USA.
The company agreed to sell the Notes to a syndicate of underwriters pursuant to a Terms Agreement and related Underwriting Agreement, using a February 6, 2026 prospectus and an April 27, 2026 prospectus supplement. Philip Morris intends to add the net proceeds to its general funds, which may be used for general corporate purposes, to repay commercial paper, refinance its 0.875% Notes due 2026, or meet working capital needs.
The Notes are senior unsecured obligations with customary covenants limiting certain liens and sale/leaseback transactions. The 2029 Notes pay interest semiannually on April 27 and October 27 and mature April 27, 2029, while the 2036 Notes pay interest on April 29 and October 29 and mature April 29, 2036. Philip Morris may redeem the Notes at specified prices or upon certain tax events.
Philip Morris International reported strong 2026 first-quarter results, led by its smoke-free portfolio. Net revenues rose 9.1% to $10.1 billion, or 2.7% organically, with smoke-free products up 12.4% to $4.4 billion and contributing 43% of total net revenues.
Gross profit increased 10.1% to $6.9 billion, and adjusted operating income grew 10.0%. Reported diluted EPS declined 9.3% to $1.56, mainly due to a non-cash fair value adjustment on equity investments, while adjusted diluted EPS climbed 16.0% to $1.96 (5.3% growth excluding currency).
IQOS and other international smoke-free products drove 24.7% net revenue growth in the International Smoke-Free segment, including 11.9% volume growth and a 28.6% gross profit increase. The U.S. segment weakened, with net revenues down 30.8% and smoke-free shipment volumes down 21.2%, reflecting ZYN inventory normalization and competitive pressures.
For full-year 2026, the company forecasts reported diluted EPS of $7.56–$7.71. Excluding total adjustments of $0.80 per share, adjusted diluted EPS is projected at $8.36–$8.51, implying 10.9–12.9% growth versus 2025, or 7.5–9.5% growth excluding a favorable currency impact of $0.25.
Philip Morris International Inc. is updating how it reports its business and has published recast historical data to match a new structure with three reportable segments: International Smoke-Free, International Combustibles, and U.S. The change, effective January 1, 2026, does not alter previously reported consolidated results.
The company shows continued expansion of smoke-free products. In 2025, total net revenues were $40,648 million, up 7.3% from 2024, with smoke-free net revenues rising 15.0% to $16,854 million and combustible tobacco up 2.5% to $23,794 million. Smoke-free shipment volume increased 12.8% to 179,131 million equivalent units, while combustible volume declined modestly.
The consolidated statement of earnings will now include a new caption, “Corporate expenses and other”, which will aggregate items such as foreign currency gains and losses and share-based compensation that were previously included in cost of sales and marketing, administration and research. Detailed recast shipment and financial schedules for 2025–2023, including non-GAAP reconciliations, are furnished as Exhibits 99.1 and 99.2.
Philip Morris International Inc. declared a regular quarterly dividend of $1.47 per common share. The dividend will be paid on April 13, 2026 to shareholders of record as of March 19, 2026, which is also the ex-dividend date. The company highlights its strategy of growing smoke-free products, which accounted for 41.5% of its full year 2025 total net revenues, and notes that over 43 million legal-age consumers were using its smoke-free products as of December 31, 2025.
Philip Morris International Inc. furnished an investor presentation from the CAGNY conference, outlining its strategy to become predominantly smoke-free and its financial targets. Smoke-free products generated $16,854 million of 2025 net revenues, or 41.5% of the total $40,648 million, and contributed an increasing share of gross profit.
The company reported 2025 adjusted net revenues up 7.9% from 2024 on an organic basis and strong operating income growth, with 2020‑2025 adjusted operating income rising from $11,771 million to $16,428 million. Adjusted diluted EPS reached $7.54 in 2025, with currency-neutral growth of 14.2%.
For 2026‑2028, Philip Morris targets a 6‑8% organic net revenue CAGR, 8‑10% operating income organic CAGR, and 9‑11% currency-neutral adjusted diluted EPS CAGR, supported by high single- to low-teens volume growth in smoke-free products. The company expects about $45 billion of operating cash flow over 2026‑2028 and emphasizes ongoing dividend growth and deleveraging toward roughly 2.0x net debt to adjusted EBITDA.
Philip Morris International Inc. is presenting at the 2026 Consumer Analyst Group of New York Conference, where its CEO and CFO will discuss strategy, smoke-free products and shareholder returns, including 2026–2028 growth targets.
PMI reaffirmed its 2026 full-year reported diluted EPS forecast of $7.87 to $8.02. The company expects adjusted diluted EPS of $8.38 to $8.53, a projected increase of 11.1% to 13.1% versus $7.54 in 2025. Excluding a favorable currency impact of $0.27 per share, this implies adjusted diluted EPS of $8.11 to $8.26, or 7.5% to 9.5% growth.
PMI highlights that smoke-free products accounted for 41.5% of its full-year 2025 net revenues and estimates over 43 million adult consumers were using its smoke-free products as of December 31, 2025. The release also outlines extensive risk factors that could cause actual results to differ from these projections.
Philip Morris International reported strong 2025 fourth-quarter and full-year results, highlighted by faster growth in smoke-free products and higher earnings. Full-year net revenues reached $40.6 billion, up 7.3%, with the smoke-free business contributing $16.9 billion, a 15.0% increase, while combustibles grew 2.5%.
Reported diluted EPS rose to $7.26 from $4.52, and adjusted diluted EPS climbed to $7.54, up 14.8% (14.2% on a currency-neutral basis). Adjusted operating income grew 11.8% to $16.4 billion, expanding the adjusted operating margin to 40.4%.
Smoke-free products accounted for 41.5% of net revenues and nearly 43% of gross profit, with heated tobacco units up 11.0% and nicotine pouch shipments up 36.6% for the year. The board declared a regular quarterly dividend of $1.47 per share, or $5.88 on an annualized basis.
Philip Morris International Inc. filed a current report on Form 8-K to furnish a press release describing its United States-related investments. The release focuses on both acquiring and further investing in manufacturing capabilities, commercial rights and infrastructure, and U.S. jobs, indicating an emphasis on expanding and supporting its U.S. operations.
The information is provided under Item 7.01, which means it is furnished rather than filed and is not subject to certain liability provisions of the Securities Exchange Act of 1934. It will not be incorporated by reference into other securities law filings unless specifically referenced in those documents.
Philip Morris International Inc. announced that its Board of Directors declared a regular quarterly dividend of $1.47 per common share. This dividend reflects the cash the company plans to return to shareholders for the quarter on each share of its common stock. The announcement was made through a press release that is included as an exhibit to the current report.
Philip Morris International Inc. entered into a new senior unsecured revolving credit agreement providing a US$2.0 billion credit facility, effective January 29, 2026. This facility, which can also be drawn in Euro, runs until January 29, 2031 and will be used for general corporate purposes, including working capital. Interest will be based on prevailing U.S. Dollar or Euro rates, as described in the agreement.
The new facility will replace PMI’s existing US$2.0 billion revolving credit facility that was scheduled to expire on February 10, 2027; PMI has given notice to terminate that facility effective January 29, 2026, and had no borrowings outstanding under it as of December 11, 2025. PMI also amended and extended its existing €1.5 billion revolving credit facility, pushing its expiration from January 29, 2028 to January 29, 2029, while leaving other terms largely unchanged.
Philip Morris International Inc. reported that its Chief Executive Officer, Jacek Olczak, is giving a presentation and taking part in a question-and-answer session at the Morgan Stanley Global Consumer & Retail Conference on December 2, 2025. The company is providing a live audio webcast of this event so that a wider audience can listen in real time.
PMI also issued a press release outlining the key points of the presentation, which has been made available as Exhibit 99.1 and is incorporated by reference into this report for informational purposes, but is not treated as being formally filed under securities law.
Philip Morris International Inc. (PM) has announced that it will redeem all of its outstanding 4.875% Notes due February 13, 2026 on December 4, 2025. As of November 17, 2025, these Notes had an aggregate principal amount of $1,700,000,000 outstanding. On the redemption date, PMI will pay holders a price equal to the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled principal and interest payments as if the Notes matured on February 13, 2026, discounted at the applicable treasury rate plus 15 basis points, in each case plus accrued and unpaid interest to, but excluding, the redemption date. A formal notice of redemption has been delivered to registered holders by the trustee, HSBC Bank USA, National Association.
Philip Morris International announced a new corporate organizational model effective January 1, 2026, aimed at supporting its transition to a smoke-free company. The Board named Frederic de Wilde as CEO PMI International, overseeing all regions outside the U.S. and reporting to Group CEO PMI Jacek Olczak. Stacey Kennedy will lead the U.S. as CEO PMI U.S.
Title changes designate Jacek Olczak as Group CEO PMI and Emmanuel Babeau as Group Chief Financial Officer. Additional officers include Reginaldo Dobrowolski (Group Controller) and Yann Guerin (Group Chief Legal Officer). Stefano Volpetti will become Chief Global Growth Officer, leading a new Global Growth function. Mr. de Wilde’s annual base salary will be CHF 1,250,002 (or $1,547,002). The company will reorganize reporting into three segments: International Smoke‑Free, International Combustibles, and the U.S., and operate three business units plus Aspeya, its wellness unit.
Philip Morris International Inc. announced the issuance of new senior unsecured notes across five tranches. The company sold $300,000,000 Floating Rate Notes due 2028, $750,000,000 3.875% Notes due 2028, $750,000,000 4.000% Notes due 2030, $850,000,000 4.250% Notes due 2032, and $850,000,000 4.625% Notes due 2035.
PMI plans to add the net proceeds to general funds, which may be used for general corporate purposes, to repay outstanding commercial paper, refinance its U.S. dollar 4.875% Notes due 2026, U.S. dollar 2.750% Notes due 2026, or euro 2.875% Notes due 2026, or to meet working capital needs. The notes were issued under PMI’s 2008 indenture and sold to underwriters pursuant to a terms agreement dated October 27, 2025.
The floating-rate tranche pays interest quarterly starting January 27, 2026; the fixed-rate tranches pay semiannually starting April 2026, with maturities on October 27, 2028 (Floating and 2028 Notes), October 29, 2030, October 29, 2032, and October 29, 2035. PMI may redeem certain series at stated redemption prices and upon specified tax events. The notes rank equally with PMI’s existing and future senior unsecured debt.
Philip Morris International (PM) furnished an Item 2.02 report announcing its financial results for the third quarter and the nine months ended September 30, 2025. The Company issued a press release with results and provided a glossary, explanatory notes, select financial information, and reconciliations of non‑GAAP measures.
The press release is attached as Exhibit 99.1 and the glossary and related materials as Exhibit 99.2. Per General Instruction B.2, the information under Item 2.02, including these exhibits, is furnished and not deemed filed under Section 18 and will only be incorporated by reference if specifically stated.
Philip Morris International Inc. reported that its Board of Directors has declared a regular quarterly dividend of $1.47 per common share. The company announced this dividend in a press release dated September 19, 2025, which is included as Exhibit 99.1.
The press release and related details are furnished under Item 7.01 of a Form 8-K and are expressly stated as not being deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or automatically incorporated into other securities filings.
Philip Morris International Inc. is hosting a live audio webcast on September 2, 2025, featuring a presentation and Q&A by Chief Executive Officer Jacek Olczak at the Barclays Global Consumer Staples Conference.
In connection with this event, the company is furnishing a related press release as Exhibit 99.1. This information is being furnished under Item 7.01 and, under applicable Exchange Act rules, is not deemed “filed” or subject to Section 18 liabilities, nor incorporated by reference into Securities Act filings unless specifically referenced.
Philip Morris International (NYSE:PM) filed a Form 8-K under Item 7.01 (Regulation FD Disclosure). The company reports that it hosted a Europe Investor Focus Event on June 24, 2025 and is furnishing the accompanying presentation slides as Exhibit 99.1. In line with SEC rules, the furnished materials are not deemed “filed” for Section 18 liability, nor automatically incorporated into other Securities Act filings.
No financial results, transactions, or risk factors were disclosed; the filing serves solely to circulate the investor-day slide deck.