---
title: "Philip Morris ExpectS $45 BLn Operating Cash Flow In 2026-2028"
description: "Feb 18 (Reuters) - Philip Morris International Inc:* PHILIP MORRIS - EXPECT 2026-2028 OPERATING CASH FLOW OF ABOUT $45 BILLION - PRESENTATION* PHILIP MORRIS - EXPECT AVERAGE ANNUAL 2026-2028 CAPEX OF "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276246683.md"
published_at: "2026-02-18T15:35:03.000Z"
---

# Philip Morris ExpectS $45 BLn Operating Cash Flow In 2026-2028

> Feb 18 (Reuters) - Philip Morris International Inc:* PHILIP MORRIS - EXPECT 2026-2028 OPERATING CASH FLOW OF ABOUT $45 BILLION - PRESENTATION* PHILIP MORRIS - EXPECT AVERAGE ANNUAL 2026-2028 CAPEX OF $1.3 BILLION - $1.5 BILLION* PHILIP MORRIS - TARGETS 9-11% ADJUSTED EPS CURRENCY-NEUTRAL CAGR FOR 2026-2028* PHILIP MORRIS - TARGETS 6-8% NET REVENUE ORGANIC CAGR FOR 2026-2028 Source text: Further company coverage:

Feb 18 (Reuters) - Philip Morris International Inc (PM.N) : \* PHILIP MORRIS - EXPECT 2026-2028 OPERATING CASH FLOW OF ABOUT $45 BILLION - PRESENTATION \* PHILIP MORRIS - EXPECT AVERAGE ANNUAL 2026-2028 CAPEX OF $1.3 BILLION - $1.5 BILLION \* PHILIP MORRIS - TARGETS 9-11% ADJUSTED EPS CURRENCY-NEUTRAL CAGR FOR 2026-2028 \* PHILIP MORRIS - TARGETS 6-8% NET REVENUE ORGANIC CAGR FOR 2026-2028 Source text: Further company coverage: (PM.N)

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## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Philip Morris to Speak at Conference, Numbers Out | Philip Morris International Inc. (NYSE: PM) will present at the 2026 CAGNY Conference, with CEO Jacek Olczak and CFO Emm | [Link](https://longbridge.com/en/news/276242425.md) |
| Philip Morris Highlights Momentum in Smoke-Free Revenue Shift | Philip Morris International (PM) reported significant progress in its transition to smoke-free products, with annual smo | [Link](https://longbridge.com/en/news/276246395.md) |
| Orange Projects Double-digit Organic Cash Flow Growth by 2028; Raises Dividend | Orange Projects Double-digit Organic Cash Flow Growth by 2028; Raises Dividend | [Link](https://longbridge.com/en/news/276310740.md) |
| Philip Morris Leans Into Smoke-Free to Fuel Growth -- Update | Philip Morris International reported that its smoke-free business accounted for 42% of revenue, nearly $17 billion, and  | [Link](https://longbridge.com/en/news/275155039.md) |
| Orange targets 5.2 billion euros free cash flow by 2028 and lifts dividend | Orange has unveiled a strategic plan aiming for an organic cash flow of approximately 5.2 billion euros by 2028, an incr | [Link](https://longbridge.com/en/news/276306939.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.