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 341.94 Bn 329.86 Bn 10.51 Bn 49.51%
2 Unilever 131.50 Bn 123.41 Bn - -
3 Colgate Palmolive 72.27 Bn 71.28 Bn 3.23 Bn 60.59%
4 Kenvue 36.23 Bn 36.12 Bn 2.30 Bn 58.89%
5 Kimberly Clark 35.62 Bn 35.19 Bn 1.53 Bn 36.85%
6 Estee Lauder Companies 28.99 Bn 25.86 Bn 2.84 Bn 76.40%
7 Church & Dwight 22.75 Bn 22.25 Bn 681.40 Mn 46.38%
8 Clorox 12.26 Bn 11.23 Bn 722.00 Mn 43.23%
9 Yatsen Holding 6.15 Bn 6.00 Bn 153.20 Mn 77.66%
10 e.l.f. Beauty 4.43 Bn 4.14 Bn 326.45 Mn 72.66%

Historic Data

Download Data
DateValue
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%