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How Altria Group (MO) makes money
Altria Group (MO) made $6.1B of revenue in the third quarter 2026 (Q3 2026), +1% from a year earlier. Smokeable Products Segment brought in $5.4B (89%); Oral Tobacco Segment brought in $688M (11%); All Other brought in $12.0M (0%). Of every dollar of revenue, 64¢ was left as gross profit, 54¢ was left as operating profit, 41¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Smokeable Products Segment | $5.4B | 88.6% | +0.7% | +0.8% |
| Oral Tobacco Segment | $688M | 11.2% | -4% | -0.1% |
| All Other | $12.0M | 0.2% | +100% | — |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $6.1B | 100.0% |
| Cost of revenue | $2.2B | 35.7% |
| Gross profit | $3.9B | 64.3% |
| Operating expenses | $628M | 10.2% |
| Operating profit | $3.3B | 54.0% |
| Income tax | $776M | 12.7% |
| Net earnings | $2.5B | 41.0% |
| Operating cash flow | $3.1B | 50.7% |
| Free cash flow | $3.0B | 48.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $6.1B | +1% |
| Q2 2026 | $6.1B | +0.1% |
| Q1 2026 | $5.4B | +3% |
| Q4 2025 | $5.8B | -2% |
| Q3 2025 | $6.1B | -3% |
| Q2 2025 | $6.1B | -2% |
| Q1 2025 | $5.3B | -6% |
From Altria Group's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Altria Group make money?
Altria Group (MO) made $6.1B of revenue in the third quarter 2026 (Q3 2026), +1% from a year earlier. Smokeable Products Segment brought in $5.4B (89%); Oral Tobacco Segment brought in $688M (11%); All Other brought in $12.0M (0%). Of every dollar of revenue, 64¢ was left as gross profit, 54¢ was left as operating profit, 41¢ was left as net earnings.
What is Altria Group's biggest business?
Smokeable Products Segment: $5.4B in the third quarter 2026, 89% of revenue, +0.8% from a year earlier.
What is Altria Group's profit margin?
Net earnings were $2.5B, 41.0% of revenue, in the third quarter 2026; the operating margin was 54.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.