ALTRIA GROUP, INC.

MO 10-Q · Q1 2026

MO Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 5,428 5,259 +3.2%
Show Business Segments breakouts
All Other Segments 1 -17 +105.9%
Oral Tobacco Products [Member] 669 654 +2.3%
Smokeable Products [Member] 4,758 4,622 +2.9%
Cost of Revenue 1,252 1,270 -1.4%
Other Cost Of Operating Revenue 670 740 -9.5%
Gross Profit 3,506 3,249 +7.9%
Marketing Administrationand Research Costs 550 588 -6.5%
Operating Income 2,956 1,788 +65.3%
Show Business Segments breakouts
All Other Segments · Operating Segments -76 -1,014 +92.5%
Oral Tobacco Products [Member] · Operating Segments 435 433 +0.5%
Smokeable Products [Member] 2,673 2,469 +8.3%
Smokeable Products [Member] · Operating Segments 2,673 2,469 +8.3%
Interest Income Expense Nonoperating Net 258 262 -1.5%
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component -3 -14 +78.6%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit · Reclassification Out Of Accumulated Other Comprehensive Income -9 -9 0.0%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income 23 11 +109.1%
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income 14 2 +600.0%
Gain Loss From Equity Securities -158 -143 -10.5%
Income Before Taxes 2,859 1,683 +69.9%
Income Tax Expense (Benefit) 676 606 +11.6%
Net Income 2,183 1,077 +102.7%
EPS (Basic) 1.3 0.63 +106.3%
EPS (Diluted) 1.3 0.63 +106.3%
General & Administrative (Q)
Show Consolidation Items breakouts
Corporate Non Segment -53 -63 +15.9%
Comprehensive Income 2,360 786 +200.3%
Wtd Avg Shares (Basic) 1,673 1,690 -1.0%
Wtd Avg Shares (Diluted) 1,673 1,690 -1.0%
Net Income Loss Available To Common Stockholders Basic 2,178 1,072 +103.2%
Income Loss From Equity Method Investments -158 -143 -10.5%
Show Equity Components breakouts
Accumulated Equity Method Investments Attributable To Parent [Member] · Reclassification Out Of Accumulated Other Comprehensive Income 3 -14 +121.4%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
ABI [Member] -159 -125 -27.2%
Cronos Group Inc. [Member] 1 -18 +105.6%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 3,531
Other Receivables Net Current 284 258 +10.1%
Inventory 1,146 1,062 +7.9%
Other Assets Current 241 34 +608.8%
Total Current Assets 5,202 6,080 -14.4%
Non-Current Assets
Property, Plant & Equipment 1,730 1,608 +7.6%
Goodwill 5,787
Show Business Segments breakouts
All Other Segments 610
Oral Tobacco Products [Member] 5,078
Smokeable Products [Member] 99
Other Non-Current Assets 1,045 959 +9.0%
Total Assets 34,584 35,760 -3.3%
Other Assets
Inventory Raw Materials Plant Material Netof Reserves 525 531 -1.1%
Other Inventory Raw Materials Netof Reserves 265 195 +35.9%
Inventory Work In Process Net Of Reserves 24 26 -7.7%
Inventory Finished Goods Net Of Reserves 332 310 +7.1%
Property Plant And Equipment Gross 4,707 4,561 +3.2%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment 2,977 2,953 +0.8%
Intangible Assets Net Excluding Goodwill 11,873
Show Business Segments breakouts
All Other Segments 334
Oral Tobacco Products [Member] 8,637
Smokeable Products [Member] 2,902
Investments 8,947 8,105 +10.4%
Current Liabilities
Current Portion of Long-Term Debt 542 2,631 -79.4%
Accounts Payable 701 550 +27.5%
Accrued Marketing Costs Current 895 758 +18.1%
Accrued Settlement Liability Current 2,837 3,032 -6.4%
Other Accrued Liabilities Current 1,653 1,957 -15.5%
Dividends Payable Current 1,779 1,727 +3.0%
Total Current Liabilities 8,407 10,655 -21.1%
Non-Current Liabilities
Long-Term Debt 24,060 23,428 +2.7%
Deferred Tax Liabilities 3,464 3,699 -6.4%
Defined Benefit Pension Plan Liabilities Noncurrent 120 134 -10.4%
Other Postretirement Defined Benefit Plan Liabilities Noncurrent 935 934 +0.1%
Other Non-Current Liabilities 759 370 +105.1%
Total Liabilities 37,745 39,220 -3.8%
Long-Term Debt 24,602 26,059 -5.6%
Show Debt Instrument breakouts
Foreign Currency Denominated Debt [Member] 2,595 3,239 -19.9%
Stockholders' Equity
Common Stock 935 935 0.0%
Additional Paid In Capital Common Stock 5,894 5,883 +0.2%
Retained Earnings 35,859 34,868 +2.8%
Accumulated Other Comprehensive Income -2,450 -2,691 +9.0%
Treasury Stock Value -43,449 -42,505 -2.2%
Total Stockholders' Equity -3,211 -3,510 +8.5%
Minority Interest 50 50 0.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest -3,161 -3,460 +8.6%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -1,405 -1,391 -1.0%
Accumulated Equity Method Investments Attributable To Parent [Member] -1,054 -1,287 +18.1%
Accumulated Other Comprehensive Income -2,450 -2,691 +9.0%
Accumulated Translation Adjustment 9 -13 +169.2%
Additional Paid In Capital 5,894 5,883 +0.2%
Common Stock 935 935 0.0%
Noncontrolling Interest 50 50 0.0%
Retained Earnings 35,859 34,868 +2.8%
Treasury Stock Common -43,449 -42,505 -2.2%
Total Liabilities & Equity 34,584 35,760 -3.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Net Income 2,183 1,077 +102.7%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income -17 12 -241.7%
Depreciation & Amortization 56 71 -21.1%
Deferred Income Taxes 46 26 +76.9%
Asset Impairment And Business Exit Costs Net Of Cash Paid -5 -1 -400.0%
Increase Decrease In Receivables -20 -80 +75.0%
Change in Inventory -76 -18 -322.2%
Change in Accounts Payable -24 -136 +82.4%
Increase Decrease In Accrued Income Taxes Payable 610 565 +8.0%
Increase Decrease In Other Current Assets And Liabilities Net -998 -302 -230.5%
Increase Decrease In Settlement Payable 659 678 -2.8%
Pension Contributions -4 -5 +20.0%
Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash -10 -20 +50.0%
Other Operating Activities Cash Flow Statement 65 110 -40.9%
Net Cash from Operations 2,324 2,720 -14.6%
Investing Activities
Capital Expenditures -93 -38 -144.7%
Other Investing Activities -16 -5 -220.0%
Net Cash from Investing -109 -43 -153.5%
Financing Activities
Repayments Of Long Term Debt -1,069
Share Repurchases -280 -326 +14.1%
Payments Of Dividends Common Stock -1,780 -1,730 -2.9%
Proceeds From Payments For Other Financing Activities -28 -26 -7.7%
Net Cash from Financing -3,157 -1,085 -191.0%
Other Cash Flow
Net Change in Cash -942 1,592 -159.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 3,550 4,750 -25.3%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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