Filing Flows › Altria Group (MO) › Q1 2026
Altria Group (MO) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Altria Group (MO) reported revenue of $5.4B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -7% from the quarter before. Operating margin was 54.5%, net earnings $2.2B (40.2% of revenue).
Altria Group, Q1 2026: revenue $5.4B (+3% year over year), operating margin 54.5%, net earnings $2.2B, operating cash flow $2.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.4B | -7% | +3% |
| Gross profit | $3.5B | -3% | +8% |
| Operating profit | $3.0B | +79% | +65% |
| Net earnings | $2.2B | +95% | +103% |
| Operating cash flow | $2.3B | -29% | -15% |
| Free cash flow | $2.2B | -30% | -17% |
What changed
Revenue was $5.4B in Q1 2026, up 3% year over year and down 7% from the previous quarter. Smokeable Products was the largest line at 88% of revenue. Smokeable Products added $0.14B year over year (up 3%), 80% of the total change.
Gross margin was 64.6%, up 2.8 points from Q1 2025. Operating profit was $3.0B, a 54.5% margin (up 20.5 points year over year). Of the extra revenue versus Q1 2025, 691% reached operating profit, above the 34% margin then. Operating expenses fell 62% while revenue rose 3%. Net earnings were $2.2B, up 103% year over year. The effective tax rate was 23.6%.
Operating cash flow was $2.3B (down 15% year over year), 106% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization. Capital expenditures of $0.09B left free cash flow of $2.2B.
Questions
What was Altria Group's revenue in the first quarter 2026?
Altria Group (MO) reported revenue of $5.4B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -7% from the quarter before.
Was Altria Group profitable in the first quarter 2026?
Operating profit was $3.0B (54.5% of revenue) and net earnings $2.2B.
Source: Altria Group 10-Q on SEC EDGAR.