NYSE$MO

Altria Group Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Altria reported Q4 2025 net revenues of $5.8B with reported diluted EPS of $0.66 and adjusted EPS of $1.30.

Net revenues decreased 2.1% to $5.8 billion. Reported diluted EPS was $0.66, impacted by non-cash impairments; adjusted diluted EPS was $1.30. Management guided 2026 adjusted diluted EPS of $5.56–$5.72 from a $5.42 base in 2025.

  • Q4 net revenues $5.8B (-2.1% YoY).
  • Adjusted diluted EPS $1.30.
  • 2026 adjusted EPS guide $5.56–$5.72.
  • Smokeable segment and NJOY investments shape mix.

Headline financials

Total Revenue

$5.85B

Previous: $5.97B-2.1%
EPS (adj)

$1.30

Previous: $1.29+0.8%
Marlboro Retail Share

39.8%

No prior period
Total Cigarette Share

45.2%

No prior period
Net Income

$2.4B

Previous: $3.04B-21.0%
Operating Income

$1.65B

Previous: $2.88B-42.7%
Gross Profit

$3.63B

Previous: $3.6B+0.7%

Revenue & EPS history

Altria · Revenue · Quarterly

$5.85B

Q4 2025-2.1%vs Q4 2024
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Altria · $6.26B total across 2 segments · Q3 2023

  • Smokeable Products
    $5.57B-5.3%
  • Oral Tobacco Products
    $685M+2.2%

Forward guidance

The release discusses Altria's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.

Tailwinds

  • 2026 adjusted EPS guided to $5.56–$5.72 from a $5.42 base.
  • Altria cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.
  • Volume declines and regulatory risk in nicotine products persist.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-0.3%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

47%

34 / 72 earnings

Positive

+6.7%

Q3 2024

Best reaction

-8.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.9%+6.7%+2.1%
Q4 2025-5.2%+1.6%+9.4%
Q3 2025-7.8%-7.5%-4.8%
Q2 2025+3.6%+4.3%+13.2%
Q1 2025+1.0%+2.4%+2.2%
Q4 2024-2.1%-0.1%+6.1%
Q3 2024+6.7%+7.3%+14.3%
Q2 2024-1.0%-2.4%+6.4%
Q1 2024+1.1%+2.1%+6.0%
Q4 2023+3.1%+1.2%+1.8%
Q3 2023-8.2%-6.2%-3.2%
Q2 2023-1.9%-3.1%-2.6%
Q1 2023+1.8%+1.0%-4.5%
Q4 2022+4.3%+4.3%+3.3%
Q3 2022+0.0%-0.4%-3.4%
Q2 2022-0.5%-0.5%+4.1%
Q1 2022+1.2%+0.9%-0.9%
Q4 2021+2.0%+2.4%+4.1%
Q3 2021-7.1%-7.1%-7.9%
Q2 2021+0.9%+0.4%+4.0%
Q1 2021+1.2%+1.4%+4.3%
Q4 2020-1.8%-0.6%+4.3%
Q3 2020-1.1%+3.3%+9.5%
Q2 2020-1.2%-2.3%+3.8%
Q1 2020-6.3%-9.1%-3.5%
Q4 2019-5.1%-7.2%-19.4%
Q3 2019-2.0%+0.6%+8.1%
Q2 2019-6.4%-4.7%-12.0%
Q1 2019-3.5%-0.7%-4.2%
Q4 2018+2.9%+2.6%+10.4%
Q3 2018+1.3%+5.7%-13.8%
Q2 2018+0.1%+1.4%+1.6%
Q1 2018+0.5%+0.3%-0.4%
Q4 2017-1.3%-5.4%-11.1%
Q3 2017+1.8%+0.7%+2.6%
Q2 2017-6.7%-8.7%-10.7%
Q1 2017-0.8%+0.2%+6.5%
Q4 2016+0.4%+0.2%+6.2%
Q3 2016+2.1%+1.5%-0.1%
Q2 2016-1.2%-0.4%-3.1%
Q1 2016+1.9%
Q4 2015+3.6%
Q3 2015-1.6%
Q2 2015-1.9%
Q1 2015-0.1%
Q4 2014-1.1%
Q3 2014+1.6%
Q1 2014+2.1%
Q4 2013-3.3%
Q3 2013-0.4%
Q2 2013-3.6%
Q1 2013+1.5%
Q4 2012+1.5%
Q3 2012-1.2%
Q2 2012-0.3%
Q1 2012-0.2%
Q4 2011+1.4%
Q3 2011+1.1%
Q2 2011+0.7%
Q1 2011-0.5%
Q4 2007+2.7%
Q4 2010+2.7%
Q3 2010+1.2%
Q2 2010-1.4%
Q1 2009+1.2%
Q1 2010+0.9%
Q4 2009+2.2%
Q3 2008-0.5%
Q3 2009-0.5%
Q4 2008-0.7%
Q2 2009-0.7%
Q2 2008-0.7%

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