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Tuesday 13 October 2026 Export PG’s income statement to Excel — free account

Procter & Gamble Company (The)

PG Consumer Defensive Household & Personal Products

Procter & Gamble Company (The)’s revenue for fiscal 2026 (year ended June 2026) was $87.0 billion, up 3.26% from fiscal 2025. In the quarter to June 2026, revenue grew 1.50%, EPS fell 15.2%, free cash flow grew 2.06% and total debt fell 1.07%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for ten consecutive years, revenue growth for five.

152.78 0.42 −0.27%
Market cap
$355.8B
P/E
22.6×
Fwd P/E
20.9×
Dividend yield
2.80%
F-score
6/9
Altman Z
5.43
Beneish M
−2.63
Dividend safety
66/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Procter & Gamble Company (The) (PG) Financial Analysis

Updated · Covers results through Q4 FY2026 · How this is made

Snapshot

Revenue reached $87.0 billion in FY2026, while net income was $16.1 billion in FY2026 and diluted EPS was $6.62 in FY2026. Revenue growth was 3.26% in FY2026 against FY2025, and net income growth was 0.49% in FY2026 against FY2025.

In Q4 FY2026, revenue was $21.2 billion, gross profit was $10.3 billion, operating income was $3.9 billion, and net income was $3.1 billion. Diluted EPS was $1.26 in Q4 FY2026, while free cash flow was $4.1 billion in Q4 FY2026. Net debt stood at $24.2 billion in Q4 FY2026.

Growth

Revenue was $87.0 billion in FY2026, up 3.26% in FY2026 against FY2025. Revenue compound annual growth was 2.00% in FY2023–FY2026 and 2.72% in FY2021–FY2026.

Diluted EPS was $6.62 in FY2026, with growth of 1.69% in FY2026 against FY2025. Diluted EPS compound annual growth was 3.91% in FY2023–FY2026 and 3.78% in FY2021–FY2026.

Free cash flow was $15.7 billion in FY2026, increasing 10.6% in FY2026 against FY2025. Free cash flow compound annual growth was 4.21% in FY2023–FY2026 and 0.04% in FY2021–FY2026. In Q4 FY2026, revenue was $21.2 billion, diluted EPS was $1.26, and free cash flow was $4.1 billion.

Profitability

Gross margin was 50.2% in FY2026, down −1.0 percentage point in FY2025–FY2026 and down −1.1 percentage points in FY2021–FY2026. Operating margin was 22.7% in FY2026, with changes of −1.6 percentage points in FY2025–FY2026 and −0.9 percentage points in FY2021–FY2026.

Pre-tax margin was 23.4% in FY2026, up 0.3 percentage points in FY2021–FY2026 despite a −0.5 percentage point change in FY2025–FY2026. Net margin was 18.5% in FY2026, down −0.3 percentage points in FY2021–FY2026. Return on equity was 30.0% in FY2026, return on assets was 12.5% in FY2026, and return on invested capital was 15.7% in FY2026. Industry-median comparisons are not reported.

Balance sheet

Total debt was $34.1 billion in FY2026, compared with $34.5 billion in FY2025. Cash and short-term investments were $9.9 billion in FY2026, and net debt was $24.2 billion in FY2026, compared with $25.0 billion in FY2025.

Shareholders’ equity was $54.3 billion in FY2026, up from $52.3 billion in FY2025, while book value per share was $23.27 in FY2026. Working capital was −$12.5 billion in FY2026. At Q4 FY2026, the current ratio was 0.7× and debt to equity was 0.6×. Net debt was $24.2 billion in Q4 FY2026.

Cash flow & capital return

Operating cash flow was $19.6 billion in FY2026, increasing 9.76% in FY2026 against FY2025. Capital expenditure was $3.9 billion in FY2026, compared with $3.7 billion in FY2025. Free cash flow was $15.7 billion in FY2026, up 10.6% in FY2026 against FY2025 and equal to 97.0% of net income in FY2026.

Dividends paid were $10.2 billion in FY2026, while net share repurchases were $5.0 billion in FY2026. Capital returned to shareholders was $15.3 billion in FY2026 and $81.1 billion in FY2022–FY2026. Weighted average shares were 2.3 billion shares in FY2026, and the share count changed by −5.36% in FY2021–FY2026.

Valuation

Market capitalisation was $344.0 billion as of September 23, 2026. The P/E was 21.8× as of September 23, 2026, below the five-year median of 24.2× as of September 23, 2026, over the five fiscal years to FY2026, and below the ten-year median of 23.8× as of September 23, 2026, over the ten fiscal years to FY2026.

The P/S was 4.0× as of September 23, 2026, below the five-year median of 4.4× and the ten-year median of 4.3× for the respective periods ending September 23, 2026. The P/B was 6.4× as of September 23, 2026, below both historical medians. EV/Sales was 4.2× as of September 23, 2026, and EV/Cash flow was 23.5× as of September 23, 2026; both were below their five-year medians. Industry-median comparisons are not reported.

What changed since last quarter

Revenue was $21.2 billion in Q4 FY2026, compared with $21.2 billion in Q3 FY2026 and $20.9 billion in Q4 FY2025. Revenue changed by −0.15% in Q4 FY2026 against Q3 FY2026 and by 1.50% in Q4 FY2026 against Q4 FY2025.

Diluted EPS was $1.26 in Q4 FY2026, compared with $1.63 in Q3 FY2026 and $1.48 in Q4 FY2025. Free cash flow was $4.1 billion in Q4 FY2026, up 17.2% in Q4 FY2026 against Q3 FY2026 and up 2.06% in Q4 FY2026 against Q4 FY2025. Operating margin was 18.6% in Q4 FY2026, with changes of −2.9 percentage points sequentially and −2.2 percentage points year over year. No management explanation for these changes is reported.

Open questions

  • What factors contributed to the lower operating margin in the latest quarter?
  • What drove the reduction in the employee count during the latest fiscal year?
  • How are changes in working capital affecting liquidity and cash generation?
  • What explains the difference between the latest fiscal year’s revenue growth and net-income growth?

This page is for information only. It is not investment advice, a recommendation or an offer to buy or sell any security. Figures may contain errors; verify against the company's filings.