The Procter & Gamble Company (PG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 21.23B | 22.21B | 22.39B | 20.89B | 19.78B | 21.88B | 21.74B | 20.53B | 20.2B | 21.44B | 21.87B | 20.55B | 20.07B | 20.77B | 20.61B | 19.52B | 19.38B | 20.95B | 20.34B | 18.95B |
| Revenue Growth % | 7.38% | 1.49% | 2.99% | 1.74% | -2.07% | 2.06% | -0.61% | -0.1% | 0.63% | 3.22% | 6.11% | 5.32% | 3.54% | -0.86% | 1.35% | 3% | 7.02% | 6.12% | 5.28% | 7.05% |
| Cost of Goods Sold | 10.72B | 10.83B | 10.89B | 10.63B | 9.69B | 10.42B | 10.42B | 10.35B | 9.86B | 10.14B | 10.5B | 10.61B | 10.4B | 10.9B | 10.85B | 10.8B | 10.33B | 10.66B | 10.37B | 9.79B |
| COGS % of Revenue | 50.49% | 48.78% | 48.63% | 50.89% | 49.02% | 47.61% | 47.94% | 50.4% | 48.8% | 47.31% | 48.01% | 51.64% | 51.84% | 52.46% | 52.62% | 55.35% | 53.28% | 50.89% | 50.96% | 51.68% |
| Gross Profit | 10.51B | 11.37B | 11.5B | 10.26B | 10.08B | 11.46B | 11.32B | 10.18B | 10.34B | 11.3B | 11.37B | 9.94B | 9.66B | 9.88B | 9.77B | 8.71B | 9.05B | 10.29B | 9.97B | 9.15B |
| Gross Margin % | 49.51% | 51.22% | 51.37% | 49.11% | 50.98% | 52.39% | 52.06% | 49.6% | 51.2% | 52.69% | 51.99% | 48.36% | 48.16% | 47.54% | 47.38% | 44.65% | 46.72% | 49.11% | 49.04% | 48.32% |
| Gross Profit Growth % | 4.27% | -0.79% | 1.62% | 0.73% | -2.5% | 1.48% | -0.47% | 2.45% | 7% | 14.39% | 16.42% | 14.08% | 6.73% | -4.01% | -2.08% | -4.83% | -1.44% | -1.93% | -1.99% | 4.56% |
| Operating Expenses | 5.94B | 6.01B | 5.64B | 5.9B | 5.52B | 5.72B | 5.52B | 6.3B | 5.88B | 6.86B | 5.6B | 5.78B | 5.42B | 5.09B | 4.83B | 5.12B | 5.03B | 5.12B | 4.95B | 5.62B |
| OpEx % of Revenue | 27.95% | 27.05% | 25.21% | 28.26% | 27.93% | 26.15% | 25.39% | 30.68% | 29.12% | 32.01% | 25.62% | 28.11% | 26.99% | 24.51% | 23.42% | 26.21% | 25.96% | 24.44% | 24.34% | 29.64% |
| Selling, General & Admin | 5.94B | 6.01B | 5.64B | 5.9B | 5.52B | 5.72B | 5.52B | 6.3B | 5.88B | 5.52B | 5.6B | 5.78B | 5.42B | 5.09B | 4.83B | 5.12B | 5.03B | 5.12B | 4.95B | 5.62B |
| SG&A % of Revenue | 27.95% | 27.05% | 25.21% | 28.26% | 27.93% | 26.15% | 25.39% | 30.68% | 29.12% | 25.75% | 25.62% | 28.11% | 26.99% | 24.51% | 23.42% | 26.21% | 25.96% | 24.44% | 24.34% | 29.64% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 4.58B | 5.37B | 5.86B | 4.36B | 4.56B | 5.74B | 5.8B | 3.88B | 4.46B | 4.43B | 5.77B | 4.16B | 4.25B | 4.79B | 4.94B | 3.6B | 4.02B | 5.17B | 5.02B | 3.54B |
| Operating Margin % | 21.55% | 24.16% | 26.16% | 20.85% | 23.05% | 26.24% | 26.67% | 18.92% | 22.08% | 20.68% | 26.37% | 20.25% | 21.17% | 23.03% | 23.96% | 18.44% | 20.76% | 24.66% | 24.7% | 18.68% |
| Operating Income Growth % | 0.39% | -6.53% | 1.02% | 12.1% | 2.2% | 29.51% | 0.52% | -6.66% | 4.99% | -7.36% | 16.76% | 15.68% | 5.57% | -7.41% | -1.67% | 1.64% | 6.31% | -3.94% | -4.89% | 1.69% |
| EBITDA | 4.58B | 5.6B | 6.62B | 5.08B | 5.25B | 6.45B | 6.53B | 4.65B | 5.17B | 5.15B | 6.47B | 4.87B | 4.94B | 5.44B | 5.6B | 4.32B | 4.71B | 5.85B | 5.73B | 4.25B |
| EBITDA Margin % | 21.55% | 25.22% | 29.56% | 24.31% | 26.54% | 29.46% | 30.02% | 22.63% | 25.61% | 24.04% | 29.58% | 23.69% | 24.62% | 26.18% | 27.18% | 22.14% | 24.32% | 27.93% | 28.19% | 22.43% |
| EBITDA Growth % | -12.8% | -13.12% | 1.41% | 9.3% | 1.47% | 25.09% | 0.87% | -4.56% | 4.7% | -5.22% | 15.48% | 12.69% | 4.79% | -7.07% | -2.3% | 1.65% | 5.51% | -3.29% | -3.66% | -1.05% |
| D&A (Non-Cash Add-back) | 0 | 0 | 761M | 723M | 690M | 706M | 728M | 761M | 712M | 721M | 702M | 706M | 692M | 653M | 663M | 722M | 690M | 684M | 711M | 710M |
| EBIT | 0 | 5.6B | 6.23B | 4.73B | 4.88B | 6.08B | 5.38B | 4.09B | 4.83B | 4.74B | 6.03B | 4.47B | 4.51B | 5.01B | 5.12B | 3.77B | 4.18B | 5.34B | 5.14B | 3.68B |
| Net Interest Income | 0 | 335M | -89M | -108M | -106M | -121M | -103M | -113M | -129M | -115M | -97M | -124M | -139M | -105M | -81M | -94M | -100M | -96M | -98M | -102M |
| Interest Income | 100M | 115M | 108M | 104M | 111M | 119M | 135M | 107M | 104M | 133M | 128M | 116M | 83M | 66M | 42M | 21M | 9M | 10M | 11M | 15M |
| Interest Expense | -223M | -220M | 197M | 212M | 217M | 240M | 238M | 220M | 233M | 248M | 225M | 240M | 222M | 171M | 123M | 115M | 109M | 106M | 109M | 117M |
| Other Income/Expense | 413M | 55M | 178M | 166M | 103M | 104M | -657M | -15M | 132M | 63M | 35M | 71M | 40M | 50M | 58M | 52M | 47M | 71M | 12M | 24M |
| Pretax Income | 4.99B | 5.42B | 6.03B | 4.52B | 4.66B | 5.84B | 5.14B | 3.87B | 4.59B | 4.5B | 5.8B | 4.23B | 4.29B | 4.83B | 5B | 3.65B | 4.07B | 5.24B | 5.04B | 3.56B |
| Pretax Margin % | 23.49% | 24.41% | 26.95% | 21.64% | 23.57% | 26.71% | 23.65% | 18.85% | 22.74% | 20.97% | 26.53% | 20.6% | 21.37% | 23.28% | 24.24% | 18.7% | 21.01% | 25% | 24.76% | 18.81% |
| Income Tax | 4.97B | 1.09B | 1.25B | 895M | 868M | 1.19B | 1.15B | 726M | 812M | 1B | 1.25B | 841M | 864M | 876M | 1.03B | 592M | 704M | 997M | 909M | 656M |
| Effective Tax Rate % | 99.63% | 20.11% | 20.77% | 19.8% | 18.62% | 20.31% | 22.41% | 18.76% | 17.68% | 22.31% | 21.48% | 19.87% | 20.15% | 18.12% | 20.69% | 16.22% | 17.29% | 19.03% | 18.05% | 18.41% |
| Net Income | 18.5M | 4.33B | 4.75B | 3.62B | 3.77B | 4.63B | 3.96B | 3.14B | 3.75B | 3.47B | 4.52B | 3.38B | 3.4B | 3.93B | 3.94B | 3.05B | 3.35B | 4.22B | 4.11B | 2.91B |
| Net Margin % | 0.09% | 19.5% | 21.22% | 17.31% | 19.06% | 21.16% | 18.21% | 15.28% | 18.59% | 16.17% | 20.67% | 16.46% | 16.93% | 18.93% | 19.11% | 15.64% | 17.31% | 20.15% | 20.22% | 15.34% |
| Net Income Growth % | -99.51% | -6.46% | 19.98% | 15.27% | 0.4% | 33.51% | -12.43% | -7.3% | 10.51% | -11.82% | 14.78% | 10.88% | 1.25% | -6.87% | -4.21% | 5.02% | 2.63% | 9.57% | -3.86% | 3.79% |
| Net Income (Continuing) | 18.5M | 4.33B | 4.78B | 3.63B | 3.79B | 4.66B | 3.99B | 3.14B | 3.78B | 3.49B | 4.56B | 3.39B | 3.42B | 3.96B | 3.96B | 3.06B | 3.37B | 4.24B | 4.13B | 2.91B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 281M | 272M | 273M | 275M | 300M | 272M | 275M | 294M | 321M | 288M | 281M | 270M | 259M | 265M | 268M | 275M | 297M | 276M |
| EPS (Diluted) | 1.63 | 1.78 | 1.95 | 1.48 | 1.54 | 1.88 | 1.61 | 1.27 | 1.52 | 1.40 | 1.83 | 1.45 | 1.37 | 1.59 | 1.57 | 1.21 | 1.33 | 1.66 | 1.61 | 1.13 |
| EPS Growth % | 5.84% | -5.32% | 21.12% | 16.54% | 1.32% | 34.29% | -12.02% | -12.41% | 10.95% | -11.95% | 16.56% | 19.83% | 3.01% | -4.22% | -2.48% | 7.08% | 5.56% | 12.93% | -1.23% | 5.61% |
| EPS (Basic) | 1.66 | 1.82 | 2.00 | 1.51 | 1.58 | 1.94 | 1.65 | 1.30 | 1.56 | 1.44 | 1.89 | 1.40 | 1.41 | 1.63 | 1.62 | 1.24 | 1.37 | 1.72 | 1.66 | 1.16 |
| Diluted Shares Outstanding | 2.42B | 2.42B | 2.44B | 2.45B | 2.45B | 2.46B | 2.47B | 2.47B | 2.47B | 2.47B | 2.48B | 2.48B | 2.47B | 2.48B | 2.5B | 2.52B | 2.53B | 2.54B | 2.56B | 2.57B |
| Basic Shares Outstanding | 2.42B | 2.42B | 2.44B | 2.45B | 2.35B | 2.35B | 2.36B | 2.47B | 2.36B | 2.36B | 2.36B | 2.48B | 2.36B | 2.37B | 2.39B | 2.52B | 2.4B | 2.41B | 2.43B | 2.51B |
| Dividend Payout Ratio | - | 58.74% | 53.66% | 70.6% | 64.55% | 52.72% | 61.76% | 78.07% | 60.87% | 65.97% | 50.65% | 67.64% | 65.47% | 56.73% | 57.25% | 74.12% | 64.23% | 51.41% | 53.06% | 75.6% |