Inferra AI / Company / PM

Philip Morris International

PM · Consumer Staples

Last earnings Oct 21, 2026

AI analysis

Q3 2025 · reported Dec 2, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

No extracted figures held

The event-summary record for this company carries no extracted figures, so the brief and charts cannot be drawn yet. The summary below and the held documents are the record for this event.

Guidance · company-stated

Direction: Reiterated

EPS

“2025 Full-Year Forecast PMI reaffirms its 2025 full-year reported diluted EPS forecast, announced on October 21, 2025, of $7.39 to $7.49.”

EPS

“Excluding a total 2025 adjustment of $0.07 per share, this forecast represents a projected increase of 13.5% to 15.1% versus adjusted diluted EPS of $6.57 in 2024.”

EPS

“Also excluding a favorable currency impact, at then-prevailing exchange rates, of $0.10 per share, this forecast represents a projected increase of 12.0% to 13.5% versus adjusted diluted EPS of $6.57 in 2024, as outlined in the below table.”

Company outlook — Reiterated

“The assumptions underlying this forecast remain unchanged versus those communicated by PMI in its Third-Quarter 2025 earnings release of October 21, 2025.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

RSU awards do not carry voting rights, although they do earn dividend equivalents.

The PSU performance metrics may be adjusted if appropriate to reflect the impact of unusual or infrequently occurring events, including, to the extent significant, corporate transactions, accounting or tax law changes, asset write-downs, litigation or claim adjustments, foreign exchange gains and losses, unbudgeted capital expenditures and other such events.

Company-stated claims

Oct 27, 2026

Historical · Increased by 219.6% · cash_flow

“20242 Operating Cash Flow $12.2 Billion Annualized Dividend $5.88 Per Share3 Quarterly Dividend Increased by 219.6% Since 2008 (1) On an organic basis.”

IR-PDF · Oct 27, 2026

Oct 27, 2026

Historical · doubled · production_deliveries

“VEEV’s profitability improved further while shipment volumes more than doubled.”

IR-PDF · Oct 27, 2026

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Full-Year Forecast PMI reaffirms its 2025 full-year reported diluted EPS forecast, announced on October 21, 2025, of $7.39 to $7.49

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Reiterated

EPS: “2025 Full-Year Forecast PMI reaffirms its 2025 full-year reported diluted EPS forecast, announced on October 21, 2025, of $7.39 to $7.49.”

EPS: “Excluding a total 2025 adjustment of $0.07 per share, this forecast represents a projected increase of 13.5% to 15.1% versus adjusted diluted EPS of $6.57 in 2024.”

EPS: “Also excluding a favorable currency impact, at then-prevailing exchange rates, of $0.10 per share, this forecast represents a projected increase of 12.0% to 13.5% versus adjusted diluted EPS of $6.57 in 2024, as outlined in the below table.”

EPS — Reiterated (“reaffirms”)
“2025 Full-Year Forecast PMI reaffirms its 2025 full-year reported diluted EPS forecast, announced on October 21, 2025, of $7.39 to $7.49.”

EPS — Raised (“increase”)
“Excluding a total 2025 adjustment of $0.07 per share, this forecast represents a projected increase of 13.5% to 15.1% versus adjusted diluted EPS of $6.57 in 2024.”

EPS — Raised (“increase”)
“Also excluding a favorable currency impact, at then-prevailing exchange rates, of $0.10 per share, this forecast represents a projected increase of 12.0% to 13.5% versus adjusted diluted EPS of $6.57 in 2024, as outlined in the below table.”

Company outlook — Reiterated (“unchanged”)
“The assumptions underlying this forecast remain unchanged versus those communicated by PMI in its Third-Quarter 2025 earnings release of October 21, 2025.”

Classified from the release's primary full-year outlook statement.

Capital allocation

RSU awards do not carry voting rights, although they do earn dividend equivalents.

SEC original ↗Philip Morris International — 10-Q Quarterly report10-QOct 23, 2026

At the end of the performance cycle, participants are entitled to an amount equivalent to the accumulated dividends paid on common stock during the performance cycle for the number of shares earned.

SEC original ↗Philip Morris International — 10-Q Quarterly report10-QOct 23, 2026

dollar-denominated debt that results from fluctuations in benchmark interest rates.

SEC original ↗Philip Morris International — 10-Q Quarterly report10-QOct 23, 2026

The carrying amount of the debt hedged, which includes the cumulative adjustment for fair value gains/losses, as of September 30, 2026 was $ 6,004 million, including $ 1,397 million related to discontinued hedges, and was recorded in long-term debt in the condensed consolidated balance sheets.

SEC original ↗Philip Morris International — 10-Q Quarterly report10-QOct 23, 2026

The cumulative amount of fair value gains/(losses) included in the carrying amount of the debt hedged was $ 159 million as of September 30, 2026.

SEC original ↗Philip Morris International — 10-Q Quarterly report10-QOct 23, 2026

Strategy & priorities

PMI formally documents the nature and relationships between the hedging instruments and hedged items, as well as its risk-management objectives, strategies for undertaking the various hedge transactions and method of assessing hedge effectiveness.

SEC original ↗Philip Morris International — 10-Q Quarterly report10-QOct 23, 2026

Risks & headwinds

Achievement of future results is subject to risks, uncertainties and inaccurate assumptions.

SEC original ↗Philip Morris International — Earnings release (8-K exhibit)EX-99Dec 2, 2025

In the event that risks or uncertainties materialize, or underlying assumptions prove inaccurate, actual results could vary materially from those contained in such forward-looking statements.

SEC original ↗Philip Morris International — Earnings release (8-K exhibit)EX-99Dec 2, 2025

PMI cautions that the foregoing list of important factors is not a complete discussion of all potential risks and uncertainties.

SEC original ↗Philip Morris International — Earnings release (8-K exhibit)EX-99Dec 2, 2025

Legal Proceedings 91 Item 1A.

SEC original ↗Philip Morris International — 10-Q Quarterly report10-QOct 23, 2026

Documents

Earnings deck slides

1 deck with slide view

Philip Morris International — pmi 2025 annual report (company IR deck)
157 slidesFiled Oct 27, 2026Original deck ↗

Philip Morris International — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors