PM · Earnings call · 2026Q3T · Full report

Income Tax Rate Changes

Philip Morris International Inc. · 2026-10-21 · Importance 21 · Surprise 32

Q3 adjusted diluted EPS grew 5.4% to a quarterly record of $2.36, with the comparison affected by the unusually low tax rate in the prior-year quarter. Management estimated that this tax comparison reduced Q3 EPS growth by approximately 4 percentage points. Year-to-date adjusted diluted EPS was $6.52, up 8.4% excluding currency and 11.8% in dollars.