Looking to invest in a smoke-free future? Here you’ll find the latest public disclosures and other investor information for Philip Morris International.
PMI: Delivering a smoke-free future
2024 Annual Report
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Investor Information September 2025
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2023 Investor Day
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Oct 21,2025
Philip Morris International Inc. 2025 Third-Quarter Results
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Investor kit
Emmanuel Babeau shares his highlights from our Q3 Results
Emmanuel Babeau, Chief Financial Officer for Philip Morris International, speaks to camera:
Our third quarter results are out.
Following an excellent first half
we delivered a very strong performance in Q3.
Our results reflect the strength and momentum
of our increasingly profitable, global smoke-free business
combined with the resilience of combustible.
We are especially pleased with the performance
of our global smoke-free business, with outstanding volume growth
for all three of our flagship brands IQOS, ZYN and VEEV,
which together outgrew the global smoke-free industry
by a clear margin on the year to date in market sales.
Our smoke-free products are now available in 100 markets.
This is a symbolic milestone toward our vision of becoming
substantially smoke-free by 2030.
Every new market where we launch smoke-free products
enables more adult smokers to make a better choice.
Continued double-digit smoke-free top line momentum and further scale and cost
benefits enable us to achieve more than $3 billion in quarterly smoke-free gross profit
for the first time
and an adjusted group operating income margin of over 43%.
The highest in almost four years.
This drove +17% growth in adjusted diluted earnings per share
to a record $2.24.
These impressive results were also delivered in a quarter
with elevated commercial spending
as we invest in the future growth of our brands.
Our Q3 performance reflects our position
as a global category leader,
with the ability to drive strong growth and prioritise resources
to invest significantly in our leading brands.
The increasing overall profitability of our smoke-free business,
coupled with cost efficiency measures and combustible resilience,
places us well on track for another year of strong performance.
Finally, and importantly, our strong year to date performance
put us on track to exceed our 2024-2026 growth targets,
which already represent a best in class growth profile
within consumer packaged goods.
With such a strong progress already delivered,
we look forward with confidence to 2026 and beyond.
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investor-relations
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Philip Morris International is leading a transformation in the tobacco industry to create a smoke-free future, and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, as well as to society, the company, and its shareholders. PMI is building its future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke. Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, PMI aims to ensure that its products meet adult consumer preferences and rigorous regulatory requirements.
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We are engaged in the manufacture and sale of cigarettes and smoke-free products in more than 180 markets around the world.
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We have a leading multicategory smoke-free portfolio with IQOS, ZYN and VEEV.
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Our brand portfolio is led by Marlboro, the world’s best-selling international cigarette. Based on the strength of our brand portfolio, we enjoy robust pricing power.
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One of our key strategic priorities is to develop, assess, and commercialize a portfolio of innovative tobacco and other nicotine-containing products. We draw on the expertise of a team of world-class scientists from a broad spectrum of disciplines to help us reach our ultimate goal of replacing cigarettes with less harmful alternatives.
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