MO · 10-Q · 2026Q3 · Full report

Excise Tax Trends

ALTRIA GROUP, INC. · 2026-10-29 · Importance 54 · Surprise 40 · In source text

Excise taxes on products declined 10.8% to $2,116 million for the nine months ended September 30, 2026, from $2,373 million in the prior-year period. For the third quarter, excise taxes declined 15.8%, a $130 million decrease. Altria attributed the reductions primarily to higher refunds of taxes and duties paid on imported cigarettes and lower smokeable-products shipment volume.

Key facts

• Altria’s excise taxes on products decreased $257 million, or 10.8%, for the nine months ended September 30, 2026, primarily due to higher refunds of taxes and duties on imported cigarettes and lower smokeable-segment shipment volume. source
• Altria’s excise taxes on products decreased $130 million, or 15.8%, for the three months ended September 30, 2026, primarily due to higher refunds of duties and taxes on imported cigarettes and lower smokeable-segment shipment volume. source
• As of October 26, 2026, Utah was the only state to enact a cigarette excise tax increase in 2026; other increases were under consideration or proposed. source
• The weighted-average state cigarette excise tax rose from $0.36 to $2.02 per pack between the end of 1998 and October 26, 2026. source
• As of October 26, 2026, 37 states, the District of Columbia, Puerto Rico, and some cities and counties had enacted taxes on e-vapor products. source
• As of October 26, 2026, 21 states and the District of Columbia had enacted taxes on oral nicotine pouches. source

Impact estimates