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PM · Q3 FY2026 (Jul-Sep 2026)

Philip Morris Q3 FY2026
Out of every $100 in sales, $43 was operating profit

Revenue
$11.4B
+5% vs. a year ago
Operating income
$4.9B
+14% vs. a year ago
Net income
$3.3B
-5% vs. a year ago
Operating margin
43%
39% → 43%

Where every $100 of sales went

Per $100 of sales
Revenue
$100
$11.4B
−Cost of revenue
−$31
$3.6B
Gross profit
$69
$7.9B
−Operating expenses
−$26
$3.0B
Operating income
$43
$4.9B
−Taxes & non-operating items
−$14
$1.6B
Net income
$29
$3.3B

Last 8 quarters: revenue and operating income

34%FY24 Q438%FY25 Q137%FY25 Q239%FY25 Q333%FY25 Q438%FY26 Q140%FY26 Q243%FY26 Q3

Quarter by quarter

QuarterRevenueOperating incomeOperating marginNet income
Q3 FY2026 (Jul-Sep 2026)$11.4B$4.9B42.5%$3.3B
Q2 FY2026 (Apr-Jun 2026)$11.2B$4.5B40.5%$2.8B
Q1 FY2026 (Jan-Mar 2026)$10.1B$3.9B38.4%$2.4B
Q4 FY2025 (Oct-Dec 2025)$10.4B$3.4B32.6%$2.1B
Q3 FY2025 (Jul-Sep 2025)$10.8B$4.3B39.3%$3.5B
Q2 FY2025 (Apr-Jun 2025)$10.1B$3.7B36.6%$3.0B
Q1 FY2025 (Jan-Mar 2025)$9.3B$3.5B38.1%$2.7B
Q4 FY2024 (Oct-Dec 2024)$9.7B$3.3B33.6%−$0.6B

XBRL figures from the company's 10-Q and 10-K filings with the SEC. The fourth quarter is the full year minus the first three. Where gross profit isn't reported, it is revenue minus cost of revenue. For information only, not investment advice.

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