PM: revenue $11.2B, net income $2.82B. PM revenue +10.4% but net income -7.3% on higher below-the-line costs; ZYN trial set Dec 2026

Filed July 24, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 25, 2025 · ~1 min read

Key Changes

• high

  Operating income rose 22%, but net income fell 7.3% to $2.82B as below-the-line deductions (taxes, interest, FX, or non-controlling interests) increased; the driver is not disclosed in the filing.

  Key Financials / MD&A view on EDGAR →
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  PM Italia fully acquitted in Italian anti-corruption trial; all charges dismissed and BAT Italia's €50M civil claim rejected. Written reasoning due end-September 2026; parties may appeal within 45 days.

  Legal Proceedings: PM Italia acquittal verify on EDGAR →
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  ZYN class action (Kelly) trial scheduled December 7, 2026; plaintiff filed class-certification motion, defendants filed opposition and summary-judgment motions June 15. Two of three named plaintiffs dismissed claims; only Maultsby remains.

  Legal Proceedings: Kelly ZYN class action verify on EDGAR →