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Altria Group (MO) operating margin by quarter

Altria Group's operating margin was 54.0% in Q3 2026 (third quarter 2026), +2.7 pts from Q2 2026. Over the last 7 quarters it ranged from 28.2% (Q4 2025) to 54.5% (Q1 2026).

Altria Group operating margin by quarterAltria Group operating margin by quarter34.0%Q1 202552.9%Q2 202553.2%Q3 202528.2%Q4 202554.5%Q1 202651.3%Q2 202654.0%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202654.0%+2.7 pts+0.8 pts
Q2 202651.3%-3.1 pts-1.6 pts
Q1 202654.5%+26.2 pts+20.5 pts
Q4 202528.2%-25.0 pts—
Q3 202553.2%+0.3 pts—
Q2 202552.9%+18.9 pts—
Q1 202534.0%——

Q3 2026 at a glance

Altria Group, Q3 2026: revenue $6.1B (+1% year over year), operating margin 54.0%, net earnings $2.5B, operating cash flow $3.1B. The chart follows the revenue to costs, profit and cash.

Questions

What is Altria Group's operating margin?

Altria Group's operating margin was 54.0% in Q3 2026 (third quarter 2026), +2.7 pts from Q2 2026.

How has Altria Group's operating margin changed?

Over the last 7 quarters it ranged from 28.2% (Q4 2025) to 54.5% (Q1 2026).

Q3 2026 results → · How Altria Group makes money →