Philip Morris International (PM) Earnings Analysis
Philip Morris International (PM) beat expectations in Q2 FY2026 on revenue of $11.2B versus the $10.6B estimate (+10.4% YoY) and EPS of $2.20. The next Philip Morris International (PM) earnings date is Oct 21, 2026. Below is the full Philip Morris International earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
Philip Morris International (PM) Earnings Analysis — key stats
Next earnings date
Oct 21, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Beat
EPS beat rate
7 of last 8 (quarters above estimate)
Avg next-day move
±5.8% (over the last 8 reports)
Post-earnings direction
Up 5 / Down 3 (of the last 8 reports)
Implied move (next report)
±11.7% (options-derived · into Oct 21, 2026)
Institutional ownership
76.2% (13F as of 2026-06-30)
Top 10 holders
47.0% (of shares outstanding)
Insider activity
9 buys / 2 sells (recent Form 4 filings)
Revenue
$11.2B (vs $10.6B est · +5.6% surprise · +10.4% YoY)
EPS
$2.20 (vs $2.05 est · +7.3% surprise · -7.7% YoY)
Share price
$190.39 (+0.8%)
Market cap
$296.7B
Philip Morris International (PM) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$11.2B vs $10.6B est
$2.20 vs $2.05 est
+7.3%
+1.6%
Beat
Q2 FY2026
$10.1B vs $10.0B est
$1.96 vs $1.86 est
+5.4%
+10.4%
Mixed
Q1 FY2026
$10.4B vs $10.4B est
$1.70 vs $1.70 est
+0.0%
-0.1%
In line
Q4 FY2025
$10.8B vs $10.6B est
$2.24 vs $2.09 est
+7.2%
-0.8%
Mixed
Q3 FY2025
$10.1B vs $10.3B est
$1.91 vs $1.86 est
+2.7%
-8.8%
Mixed
Q2 FY2025
$9.3B vs $9.1B est
$1.69 vs $1.61 est
+5.0%
+3.6%
Mixed
Q1 FY2025
$9.7B vs $9.4B est
$1.55 vs $1.49 est
+4.0%
+10.3%
Beat
Q4 FY2024
$9.9B vs $9.7B est
$1.91 vs $1.82 est
+4.9%
+10.5%
Beat
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Capital World Investors
8.5%
133.2M
$24.1B
-0.2%
Blackrock, INC.
6.9%
108.0M
$19.5B
+0.5%
Vanguard Capital Management LLC
6.5%
101.8M
$18.4B
+0.6%
Capital Research Global Investors
5.4%
84.3M
$15.2B
+5.6%
Capital International Investors
4.6%
72.3M
$13.1B
-0.7%
State Street Corp
3.6%
55.6M
$10.1B
+1.0%
Jpmorgan Chase & CO
3.1%
48.2M
$8.8B
-6.6%
Fmr LLC
3.0%
46.5M
$8.4B
+3.9%
Gqg Partners LLC
2.9%
45.4M
$8.2B
-9.3%
Geode Capital Management, LLC
2.5%
39.0M
$7.1B
+1.5%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Andolina Massimo
officer: Group Chief Financial Officer
2026-08-01
Other
0
—
Combes Michel
director
2026-05-06
Buy
1K
$190152
Geissler Werner
director
2026-05-06
Buy
1K
$190152
Morparia Kalpana
director
2026-05-06
Buy
1K
$190152
Harker Victoria D
director
2026-05-06
Buy
1K
$190152
Polet Robert
director
2026-05-06
Buy
1K
$190152
Bough Bonin
director
2026-05-06
Buy
1K
$190152
Hook Lisa
director
2026-05-06
Buy
1K
$190152
What you'll find
Next Philip Morris International (PM) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Philip Morris International reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Philip Morris International (PM)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Philip Morris International's next earnings date?
Philip Morris International's (PM) next scheduled earnings date is Oct 21, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Philip Morris International (PM) beat or miss earnings?
In Q2 FY2026, Philip Morris International (PM) posted beat results — revenue of $11.2B versus the $10.6B estimate (+5.6% surprise) and EPS of $2.20 versus $2.05 expected (+7.3% surprise). Magnisto decodes every Philip Morris International (PM) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Philip Morris International beat earnings estimates?
Over its last 8 reported quarters, Philip Morris International (PM) beat Wall Street EPS estimates 7 times, most recently a beat result in Q3 FY2026. Magnisto tracks every Philip Morris International (PM) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Philip Morris International stock move after earnings?
Over its last 8 quarterly reports, Philip Morris International (PM) moved an average of ±5.8% the day after earnings — ranging from -8.8% (Q3 FY2025) to +10.5% (Q4 FY2024). The stock rose after 5 of those 8 reports and fell after 3. Heading into its next report on Oct 21, 2026, options-implied volatility is pricing in a move of roughly ±11.7% (derived). Magnisto tracks the realized post-earnings move for every Philip Morris International (PM) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Philip Morris International?
Institutions hold about 76.2% of Philip Morris International's (PM) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Capital World Investors (8.5%), Blackrock, INC. (6.9%), Vanguard Capital Management LLC (6.5%). Magnisto lists Philip Morris International's (PM) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Philip Morris International (PM)?
In the most recent Form 4 filings Magnisto tracks, Philip Morris International (PM) insiders recorded 9 purchases and 2 sales — net buying. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Philip Morris International (PM) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Philip Morris International (PM), anchored to the current $190.39 share price, so you can weigh the bull, base and bear cases for Philip Morris International side by side.
Is Philip Morris International (PM) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Philip Morris International fits your own thesis and risk profile. This is research, not investment advice.