Procter & Gamble (PG) Gross Margin (2009 - 2026)
Procter & Gamble's (PG) quarterly Gross Margin came in at 49.51% in Q1 2026, down 147.0% year-on-year from 105.34% in Q1 2025, and down 3.33% on a QoQ basis from 51.22% in Q4 2025.
Procter & Gamble (PG) Gross Margin (2009 - 2026) Analysis & Trends
Procter & Gamble (PG) has 18 years of Gross Margin data on file, last reported at 49.51% in Q1 2026.
- On a quarterly basis, Gross Margin fell 147.0% year-over-year to 49.51% in Q1 2026; TTM through Mar 2026 was 50.33%, a 96.0% decrease from a year earlier, with the FY2025 full-year figure at 51.16%, down 23.0% from the prior year.
- Gross Margin for Q1 2026 stood at 49.51%, down from 51.22% in the prior quarter.
- Over the last five years, Gross Margin for PG reached as high as 52.69% in Q4 2023 and fell as low as 44.65% in Q2 2022.
- Historically, Gross Margin has averaged 49.7% across 5 years, with a median of 49.6% in 2024.
- Across the five-year window, Gross Margin sank 401 bps in 2022 and jumped 515 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 47.54% in 2022, then climbed by 11 bps to 52.69% in 2023, then slipped by 1 bps to 52.39% in 2024, then decreased by 2 bps to 51.22% in 2025, then fell by 3 bps to 49.51% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 49.51% in Q1 2026, 51.22% in Q4 2025, and 51.37% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 346.57 Bn | 334.27 Bn | 10.51 Bn | 49.51% |
| 2 | Unilever | 134.15 Bn | 123.67 Bn | - | - |
| 3 | Colgate Palmolive | 73.76 Bn | 72.42 Bn | 3.23 Bn | 60.59% |
| 4 | Kenvue | 37.38 Bn | 37.27 Bn | 2.30 Bn | 58.89% |
| 5 | Kimberly Clark | 37.00 Bn | 36.46 Bn | 1.53 Bn | 36.85% |
| 6 | Estee Lauder Companies | 30.15 Bn | 27.03 Bn | 2.84 Bn | 76.40% |
| 7 | Church & Dwight | 23.41 Bn | 22.91 Bn | 681.40 Mn | 46.38% |
| 8 | Clorox | 11.83 Bn | 10.64 Bn | 722.00 Mn | 43.23% |
| 9 | Yatsen Holding | 6.39 Bn | 6.25 Bn | 153.20 Mn | 77.66% |
| 10 | e.l.f. Beauty | 4.84 Bn | 4.55 Bn | 326.45 Mn | 72.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 49.51% |
| Dec 31, 2025 | 51.22% |
| Sep 30, 2025 | 51.37% |
| Jun 30, 2025 | 49.11% |
| Mar 31, 2025 | 50.98% |
| Dec 31, 2024 | 52.39% |
| Sep 30, 2024 | 52.06% |
| Jun 30, 2024 | 49.60% |
| Mar 31, 2024 | 51.20% |
| Dec 31, 2023 | 52.69% |
| Sep 30, 2023 | 51.99% |
| Jun 30, 2023 | 48.36% |
| Mar 31, 2023 | 48.16% |
| Dec 31, 2022 | 47.54% |
| Sep 30, 2022 | 47.38% |
| Jun 30, 2022 | 44.65% |
| Mar 31, 2022 | 46.72% |
| Dec 31, 2021 | 49.11% |
| Sep 30, 2021 | 49.04% |
| Jun 30, 2021 | 48.32% |