Welcome to our dedicated page for Philip Morris SEC filings (Ticker: PM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Philip Morris International Inc. filings document the reporting obligations of a global tobacco and smoke-free products company with NYSE-listed common stock and multiple listed note series. The record includes Form 8-K material-event reports, periodic-report references, proxy materials, and exchange notices covering debt securities.
The company’s disclosures address operating results, risk factors, product and regulatory matters, capital structure, debt listings, shareholder voting, director elections, executive compensation, auditor ratification, shareholder proposals, and notices of removal from listing or registration for specified notes.
Philip Morris International reported higher net revenues but lower profit for the quarter ended March 31, 2026. Net revenues rose to $10.146 billion from $9.301 billion, while net earnings attributable to PMI fell to $2.438 billion from $2.690 billion as higher operating costs and equity investment losses offset revenue growth.
Basic and diluted EPS declined to $1.56 from $1.72. Operating income increased to $3.893 billion, but equity investments swung to a $403 million loss from a $205 million gain. Cash from operating activities was a modest outflow of $399 million. The company reorganized into three segments—International Smoke-Free, International Combustibles and U.S.—with smoke-free net revenues growing to $4.379 billion.
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: The Vanguard Group filed a Schedule 13G/A (Amendment No. 10) reporting that it beneficially owns 0 shares of Common Stock, representing 0% of the class. The filing explains an internal realignment effective January 12, 2026 that caused certain Vanguard subsidiaries and business divisions to report holdings separately.
The report lists Vanguard's address and states that no single outside person has an interest over 5% in the reported securities. The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.
Philip Morris International is asking shareholders to vote at its fully virtual 2026 annual meeting on May 6, 2026. Items include electing ten directors, an advisory vote on executive pay, ratifying PricewaterhouseCoopers SA as auditor for 2026, and a shareholder proposal on filter cleanup and producer-responsibility reporting.
The proxy highlights 2025 results, with total net revenues of $40.6 billion and $16.9 billion from smoke‑free products, and notes a compensation performance score of 115 against a 100 target. Governance features include a largely independent board, a lead independent director, majority voting for directors, proxy access, anti‑hedging and anti‑pledging policies, and robust board‑level oversight of risk, cybersecurity, AI use and sustainability. As of the March 13, 2026 record date, 1,558,530,268 common shares were outstanding, each entitled to one vote.
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. executive Reginaldo Dobrowolski reported a small insider transaction related to tax withholding. On March 6, 22 shares of Common Stock were disposed of at $169.98 per share to cover tax obligations from the vesting of Restricted Share Units.
These 22 shares are held indirectly through his spouse, who is an employee of Philip Morris International Inc. After this indirect tax-withholding disposition, 7,232 shares are reported as indirectly owned. Separately, 21,182 shares are reported as directly owned, which includes 7,630 Restricted Share Units.
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. notified removal of its 2.875% Notes due 2026 from listing and registration on the New York Stock Exchange. The Exchange and the issuer each certified compliance with the procedures governing voluntary withdrawal under 17 CFR 240.12d2-2.
Philip Morris International Inc. notified the New York Stock Exchange of the removal of the 2.750% Notes due 2026 from listing and/or registration. The Exchange states it has complied with its rules under 17 CFR 240.12d2-2 and the issuer has complied with the Exchange's requirements for voluntary withdrawal.