What is the current annual payout ratio of PM?

As of today, PM annual payout ratio is 72.99%

What is 1-year change in PM annual payout ratio?

PM annual payout ratio is down -33.40% year-over-year

What is 3-year change in PM annual payout ratio?

PM annual payout ratio is down -11.22% over the past 3 years

How far is PM annual payout ratio from its all-time high?

PM annual payout ratio is currently -44.83% below its historical high of 132.31% set on December 31, 2005

How does PM annual payout ratio rank versus sector peers?

PM annual payout ratio is higher than 88.80% of companies in Consumer Defensive sector

When is PM next annual earnings release?

The next annual earnings release for PM is on February 4, 2027

What is the current TTM payout ratio of PM?

As of today, PM TTM payout ratio is 87.74%

What is PM TTM payout ratio most recent change?

PM TTM payout ratio remained unchanged on November 6, 2026

What is 1-year change in PM TTM payout ratio?

PM TTM payout ratio is down -12.25% year-over-year

How far is PM TTM payout ratio from its all-time high?

PM TTM payout ratio is currently -25.85% below its historical high of 118.33% set on March 20, 2025

How does PM TTM payout ratio rank versus sector peers?

PM TTM payout ratio is higher than 90.23% of companies in Consumer Defensive sector

When is PM next earnings release?

The next earnings release for PM is on February 4, 2027

What is the current quarterly payout ratio of PM?

As of today, PM quarterly payout ratio is 65.42%

What is PM quarterly payout ratio most recent change?

PM quarterly payout ratio was down -15.18% on September 30, 2026

What is 1-year change in PM quarterly payout ratio?

PM quarterly payout ratio is up +11.87% year-over-year

How far is PM quarterly payout ratio from its all-time high?

PM quarterly payout ratio is currently -76.77% below its historical high of 281.57% set on December 31, 2007

How does PM quarterly payout ratio rank versus sector peers?

PM quarterly payout ratio is higher than 88.72% of companies in Consumer Defensive sector

When is PM next earnings release?

The next earnings release for PM is on February 4, 2027

PM Payout Ratio History & Chart Since 2005

Annual Payout Ratio

72.99%36.60%-33.40%

December 31, 2025

Summary

Current Value: As of today, PM annual payout ratio is 72.99%, down -33.40% on December 31, 2025
Historical Performance: PM annual payout ratio is down -11.22% over the past 3 years, down -15.04% over the past 5 years
All-Time High Comparison: PM annual payout ratio is currently -44.83% below its historical high of 132.31% set on December 31, 2005
3-Year Low Comparison: PM annual payout ratio is at its 3-year low
Sector Comparison: PM annual payout ratio is higher than 88.80% of companies in Consumer Defensive sector

Payout Ratio Chart

Performance

PM Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Payout Ratio	Dec 31, 25	72.99%	-33.4%	-11.2%	-15.0%	+23.2%
Quarterly Payout Ratio	Sep 30, 26	65.42%	+11.9%	-28.4%	-10.0%	+41.3%
TTM Payout Ratio	Nov 6, 26	87.74%	-12.3%	-11.7%	+4.0%	+54.0%
Price	Nov 6, 26	$197.88	+32.0%	+117.5%	+109.8%	+181.8%
Annual Dividend Yield	Nov 6, 26	2.85%	-19.5%	-48.6%	-43.3%	-18.1%
Annual Dividends Paid	Dec 31, 25	$8.62B	+5.2%	+10.4%	+17.1%	+95.0%
Annual Dividend	Dec 31, 25	$5.64	+6.4%	+11.9%	+19.0%	+131.2%
Annual Free Cash Flow	Dec 31, 25	$10.66B	-1.0%	+9.6%	+15.8%	+22.2%
Annual Revenue	Dec 31, 25	$40.54B	+7.6%	+28.6%	+41.3%	+49.1%
Annual EPS	Dec 31, 25	$7.26	+60.7%	+24.9%	+40.8%	+85.3%

Payout Ratio Highs

PM Annual Payout Ratio Highs Comparison
Period	High	Date	Current
3Y	109.59%	Dec 31, 24	-33.4%
5Y	109.59%	Dec 31, 24	-33.4%
All	132.31%	Dec 31, 05	-44.8%

Payout Ratio Lows

PM Annual Payout Ratio Lows Comparison
Period	Low	Date	Current
3Y	72.99%	Dec 31, 25	at low
5Y	72.99%	Dec 31, 25	at low
All	43.46%	Dec 31, 06	+68.0%

Payout Ratio History

Year	Value	Change
2025	72.99%	-33.4%
2024	109.59%	+13.5%
2023	96.58%	+17.5%
2022	82.21%	+5.0%
2021	78.27%	-8.9%
2020	85.91%	-7.5%
2019	92.87%	+11.6%
2018	83.25%	-19.2%
2017	103.05%	+16.8%
2016	88.20%	-1.1%
2015	89.18%	+12.7%

Year	Value	Change
2014	79.16%	+21.9%
2013	64.96%	+9.5%
2012	59.35%	+9.5%
2011	54.22%	-8.5%
2010	59.25%	-10.6%
2009	66.27%	-6.7%
2008	71.03%	-31.8%
2007	104.14%	+139.6%
2006	43.46%	-67.2%
2005	132.31%	-

FAQ

What is the current annual payout ratio of PM?: As of today, PM annual payout ratio is 72.99%
What is 1-year change in PM annual payout ratio?: PM annual payout ratio is down -33.40% year-over-year
What is 3-year change in PM annual payout ratio?: PM annual payout ratio is down -11.22% over the past 3 years
How far is PM annual payout ratio from its all-time high?: PM annual payout ratio is currently -44.83% below its historical high of 132.31% set on December 31, 2005
How does PM annual payout ratio rank versus sector peers?: PM annual payout ratio is higher than 88.80% of companies in Consumer Defensive sector
When is PM next annual earnings release?: The next annual earnings release for PM is on February 4, 2027

Payout Ratio Formula

Payout Ratio =

Dividend Per Share

EPS

× 100%

TTM Payout Ratio

87.74%0.00%0.00%

November 6, 2026

Summary

Current Value: As of today, PM TTM payout ratio is 87.74%, unchanged on November 6, 2026
Historical Performance: PM TTM payout ratio is down -12.25% year-over-year, down -11.65% over the past 3 years
All-Time High Comparison: PM TTM payout ratio is currently -25.85% below its historical high of 118.33% set on March 20, 2025
3-Year Low Comparison: PM TTM payout ratio is +13.01% above its 3-year low of 77.64% reached on December 31, 2025
Sector Comparison: PM TTM payout ratio is higher than 90.23% of companies in Consumer Defensive sector

Performance

PM Performance
Metric	Date	Value	3M	1Y	3Y	5Y
TTM Payout Ratio	Nov 6, 26	87.74%	+3.8%	-12.3%	-11.7%	+4.0%
Quarterly Payout Ratio	Sep 30, 26	65.42%	-15.2%	+11.9%	-28.4%	-10.0%
Annual Payout Ratio	Dec 31, 25	72.99%	–	-33.4%	-11.2%	-15.0%
Price	Nov 6, 26	$197.88	+5.2%	+32.0%	+117.5%	+109.8%
TTM Dividend Yield	Nov 6, 26	3.04%	-2.9%	-17.4%	-45.9%	-40.9%
TTM Dividends Paid	Sep 30, 26	$9.20B	+2.1%	+9.1%	+16.2%	+22.5%
TTM Dividend	Nov 6, 26	$6.01	+2.2%	+8.9%	+17.6%	+23.9%
TTM Free Cash Flow	Sep 30, 26	$13.60B	+6.9%	+34.3%	+78.0%	+29.5%
TTM Revenue	Sep 30, 26	$43.01B	+1.3%	+7.9%	+26.2%	+40.0%
TTM EPS	Sep 30, 26	$6.85	-1.5%	+24.1%	+33.1%	+19.1%

TTM Payout Ratio Highs

PM TTM Payout Ratio Highs Comparison
Period	High	Date	Current
1Y	102.16%	Dec 26, 25	-14.1%
3Y	118.33%	Mar 20, 25	-25.9%
5Y	118.33%	Mar 20, 25	-25.9%
All	118.33%	Mar 20, 25	-25.9%

TTM Payout Ratio Lows

PM TTM Payout Ratio Lows Comparison
Period	Low	Date	Current
1Y	77.64%	Dec 31, 25	+13.0%
3Y	77.64%	Dec 31, 25	+13.0%
5Y	77.64%	Dec 31, 25	+13.0%
All	0.00%	Mar 17, 08	N/A

TTM Payout Ratio History

Month	Value	Change
Nov 2026	87.74%	+2.2%
Sep 2026	85.84%	+1.6%
Jun 2026	84.52%	+4.2%
Mar 2026	81.12%	+4.5%
Dec 2025	77.64%	-20.6%
Sep 2025	97.81%	-4.5%
Jun 2025	102.47%	-6.8%
Mar 2025	109.94%	-6.2%
Dec 2024	117.23%	+40.8%
Sep 2024	83.28%	-9.6%
Jun 2024	92.08%	-9.0%
Mar 2024	101.14%	-1.3%
Dec 2023	102.49%	+3.2%
Sep 2023	99.31%	+1.1%
Jun 2023	98.27%	+8.7%
Mar 2023	90.40%	+4.3%
Dec 2022	86.69%	-3.1%
Sep 2022	89.42%	+4.1%
Jun 2022	85.86%	+0.2%
Mar 2022	85.68%	+1.9%
Dec 2021	84.11%	-0.3%
Sep 2021	84.35%	-0.2%
Jun 2021	84.56%	-1.9%
Mar 2021	86.19%	-6.2%
Dec 2020	91.90%	-3.8%
Sep 2020	95.57%	-4.7%
Jun 2020	100.30%	+5.8%
Mar 2020	94.77%	-5.5%
Dec 2019	100.26%	+4.9%
Sep 2019	95.58%	+5.4%
Jun 2019	90.71%	-1.5%
Mar 2019	92.12%	+4.2%
Dec 2018	88.39%	-14.2%
Sep 2018	103.03%	-2.4%
Jun 2018	105.58%	-4.4%
Mar 2018	110.39%	+1.2%
Dec 2017	109.04%	+17.9%
Sep 2017	92.49%	+0.3%

Month	Value	Change
Jun 2017	92.24%	+0.7%
Mar 2017	91.59%	-0.4%
Dec 2016	91.96%	-6.2%
Sep 2016	98.09%	+0.5%
Jun 2016	97.61%	+1.9%
Mar 2016	95.75%	+4.8%
Dec 2015	91.40%	+5.7%
Sep 2015	86.45%	+3.3%
Jun 2015	83.68%	+0.7%
Mar 2015	83.12%	+2.0%
Dec 2014	81.51%	+6.3%
Sep 2014	76.69%	+2.8%
Jun 2014	74.59%	+5.1%
Mar 2014	70.97%	+4.5%
Dec 2013	67.92%	+2.6%
Sep 2013	66.22%	+0.3%
Jun 2013	66.02%	+3.6%
Mar 2013	63.72%	+1.9%
Dec 2012	62.55%	-0.8%
Sep 2012	63.07%	+3.2%
Jun 2012	61.11%	+4.2%
Mar 2012	58.65%	+0.7%
Dec 2011	58.26%	+2.2%
Sep 2011	56.99%	-2.9%
Jun 2011	58.72%	-4.2%
Mar 2011	61.27%	-1.6%
Dec 2010	62.24%	-1.7%
Sep 2010	63.30%	+1.0%
Jun 2010	62.70%	-6.0%
Mar 2010	66.67%	-3.0%
Dec 2009	68.71%	-3.7%
Sep 2009	71.35%	+4.5%
Jun 2009	68.29%	+4.2%
Mar 2009	65.55%	+8.9%
Dec 2008	60.18%	+38.1%
Sep 2008	43.58%	+49.7%
Jun 2008	29.11%	>+9,900.0%
Mar 2008	0.00%	-

FAQ

What is the current TTM payout ratio of PM?: As of today, PM TTM payout ratio is 87.74%
What is PM TTM payout ratio most recent change?: PM TTM payout ratio remained unchanged on November 6, 2026
What is 1-year change in PM TTM payout ratio?: PM TTM payout ratio is down -12.25% year-over-year
How far is PM TTM payout ratio from its all-time high?: PM TTM payout ratio is currently -25.85% below its historical high of 118.33% set on March 20, 2025
How does PM TTM payout ratio rank versus sector peers?: PM TTM payout ratio is higher than 90.23% of companies in Consumer Defensive sector
When is PM next earnings release?: The next earnings release for PM is on February 4, 2027

Payout Ratio Formula

Payout Ratio =

Dividend Per Share

EPS

× 100%

Quarterly Payout Ratio

65.42%11.71%-15.18%

September 30, 2026

Summary

Current Value: As of today, PM quarterly payout ratio is 65.42%, down -15.18% on September 30, 2026
Historical Performance: PM quarterly payout ratio is up +11.87% year-over-year, down -28.36% over the past 3 years
All-Time High Comparison: PM quarterly payout ratio is currently -76.77% below its historical high of 281.57% set on December 31, 2007
3-Year Low Comparison: PM quarterly payout ratio is +115.13% above its 3-year low of -432.44% reached on December 31, 2024
Sector Comparison: PM quarterly payout ratio is higher than 88.72% of companies in Consumer Defensive sector

Performance

PM Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Payout Ratio	Sep 30, 26	65.42%	-15.2%	+11.9%	-28.4%	-10.0%
Annual Payout Ratio	Dec 31, 25	72.99%	–	-33.4%	-11.2%	-15.0%
TTM Payout Ratio	Nov 6, 26	87.74%	+3.8%	-12.3%	-11.7%	+4.0%
Price	Nov 6, 26	$197.88	+5.2%	+32.0%	+117.5%	+109.8%
TTM Dividend Yield	Nov 6, 26	3.04%	-2.9%	-17.4%	-45.9%	-40.9%
Quarterly Dividends Paid	Sep 30, 26	$2.30B	+0.1%	+9.1%	+16.3%	+22.6%
TTM Dividend	Nov 6, 26	$6.01	+2.2%	+8.9%	+17.6%	+23.9%
Quarterly Free Cash Flow	Sep 30, 26	$4.97B	-2.8%	+21.3%	+63.3%	+33.7%
Quarterly Revenue	Sep 30, 26	$11.40B	+2.1%	+5.2%	+25.7%	+40.5%
Quarterly EPS	Sep 30, 26	$2.12	+17.6%	-4.8%	+60.8%	+36.6%

Quarterly Payout Ratio Highs

PM Quarterly Payout Ratio Highs Comparison
Period	High	Date	Current
1Y	102.27%	Dec 31, 25	-36.0%
3Y	102.27%	Dec 31, 25	-36.0%
5Y	117.89%	Jun 30, 23	-44.5%
All	281.57%	Dec 31, 07	-76.8%

Quarterly Payout Ratio Lows

PM Quarterly Payout Ratio Lows Comparison
Period	Low	Date	Current
1Y	58.48%	N/A	+11.9%
3Y	-432.44%	Dec 31, 24	+115.1%
5Y	-432.44%	Dec 31, 24	+115.1%
All	-432.44%	Dec 31, 24	+115.1%

Quarterly Payout Ratio History

Month	Value	Change
Sep 2026	65.42%	-15.2%
Jun 2026	77.13%	-13.9%
Mar 2026	89.59%	-12.4%
Dec 2025	102.27%	+74.9%
Sep 2025	58.48%	-12.8%
Jun 2025	67.07%	-10.3%
Mar 2025	74.80%	+117.3%
Dec 2024	-432.44%	-783.9%
Sep 2024	63.23%	-21.4%
Jun 2024	80.40%	-11.6%
Mar 2024	90.94%	+3.8%
Dec 2023	87.65%	-4.0%
Sep 2023	91.32%	-22.5%
Jun 2023	117.89%	+24.4%
Mar 2023	94.80%	+19.5%
Dec 2022	79.30%	-9.5%
Sep 2022	87.60%	+5.3%
Jun 2022	83.16%	+4.7%
Mar 2022	79.41%	-9.5%
Dec 2021	87.77%	+20.7%
Sep 2021	72.69%	-11.0%
Jun 2021	81.72%	+12.6%
Mar 2021	72.60%	-18.3%
Dec 2020	88.88%	+18.3%
Sep 2020	75.12%	-16.1%
Jun 2020	89.53%	-2.9%
Mar 2020	92.23%	-10.1%
Dec 2019	102.64%	+17.8%
Sep 2019	87.16%	+19.2%
Jun 2019	73.10%	-40.0%
Mar 2019	121.92%	+37.4%
Dec 2018	88.75%	+16.6%
Sep 2018	76.11%	+4.2%
Jun 2018	73.06%	-27.6%
Mar 2018	100.91%	-52.0%
Dec 2017	210.35%	+165.4%
Sep 2017	79.27%	-10.0%
Jun 2017	88.08%	-9.9%
Mar 2017	97.76%	+6.9%
Dec 2016	91.47%	+16.7%

Month	Value	Change
Sep 2016	78.40%	-9.3%
Jun 2016	86.45%	-12.7%
Mar 2016	99.06%	-19.1%
Dec 2015	122.49%	+55.7%
Sep 2015	78.65%	-3.4%
Jun 2015	81.41%	-4.3%
Mar 2015	85.11%	-10.7%
Dec 2014	95.31%	+41.2%
Sep 2014	67.52%	-14.5%
Jun 2014	79.00%	+0.2%
Mar 2014	78.81%	+6.3%
Dec 2013	74.12%	+27.7%
Sep 2013	58.03%	-9.6%
Jun 2013	64.18%	+0.2%
Mar 2013	64.07%	-2.4%
Dec 2012	65.67%	+15.9%
Sep 2012	56.66%	+2.4%
Jun 2012	55.32%	-8.2%
Mar 2012	60.27%	-13.4%
Dec 2011	69.61%	+50.3%
Sep 2011	46.30%	-0.4%
Jun 2011	46.50%	-20.7%
Mar 2011	58.62%	-9.6%
Dec 2010	64.87%	+14.1%
Sep 2010	56.85%	+6.5%
Jun 2010	53.37%	-15.1%
Mar 2010	62.89%	-11.0%
Dec 2009	70.66%	+24.2%
Sep 2009	56.87%	-15.6%
Jun 2009	67.38%	-6.4%
Mar 2009	72.02%	-14.5%
Dec 2008	84.27%	+89.9%
Sep 2008	44.38%	>+9,900.0%
Jun 2008	0.00%	-100.0%
Mar 2008	156.51%	-44.4%
Dec 2007	281.57%	+305.7%
Sep 2007	69.41%	+47.1%
Jun 2007	47.20%	+28.7%
Mar 2007	36.68%	-

FAQ

What is the current quarterly payout ratio of PM?: As of today, PM quarterly payout ratio is 65.42%
What is PM quarterly payout ratio most recent change?: PM quarterly payout ratio was down -15.18% on September 30, 2026
What is 1-year change in PM quarterly payout ratio?: PM quarterly payout ratio is up +11.87% year-over-year
How far is PM quarterly payout ratio from its all-time high?: PM quarterly payout ratio is currently -76.77% below its historical high of 281.57% set on December 31, 2007
How does PM quarterly payout ratio rank versus sector peers?: PM quarterly payout ratio is higher than 88.72% of companies in Consumer Defensive sector
When is PM next earnings release?: The next earnings release for PM is on February 4, 2027

Payout Ratio Formula

Payout Ratio =

Dividend Per Share

EPS

× 100%

Data Sources & References

PM Official Website www.pmi.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1413329/000162828026005939/0001628280-26-005939-index.htm
PM Profile on Yahoo Finance finance.yahoo.com/quote/PM
PM Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/pm