Procter & Gamble (PG) Gross Margin (2009 - 2026)
Procter & Gamble (PG) reported Gross Margin of 49.51% for Q1 2026, down 147.0% year-over-year from 105.34% in Q1 2025, and down 3.33% quarter-over-quarter 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.
- Gross Margin for Q1 2026 came in at 49.51%, down 147.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 50.33% (down 96.0% YoY), and the FY2025 annual result was 51.16%, down 23.0% from the prior year.
- Gross Margin fell to 49.51% in Q1 2026 per PG's latest filing, from 51.22% in the prior quarter.
- Over five years, Gross Margin peaked at 52.69% in Q4 2023 and troughed at 44.65% in Q2 2022.
- A 5-year average of 49.7% and a median of 49.6% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 401 bps in 2022, then soared 515 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 47.54% in 2022, then rose by 11 bps to 52.69% in 2023, then fell by 1 bps to 52.39% in 2024, then declined by 2 bps to 51.22% in 2025, then slipped by 3 bps to 49.51% in 2026.
- Business Quant data shows PG's Gross Margin at 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 | Tantech Holdings | 587.03 Bn | 587.00 Bn | - | - |
| 2 | Procter & Gamble | 346.82 Bn | 334.74 Bn | 10.51 Bn | 49.51% |
| 3 | Unilever | 145.94 Bn | 135.46 Bn | - | - |
| 4 | Colgate Palmolive | 70.39 Bn | 69.40 Bn | 3.23 Bn | 60.59% |
| 5 | Kenvue | 34.34 Bn | 34.23 Bn | 2.30 Bn | 58.89% |
| 6 | Kimberly Clark | 33.38 Bn | 32.96 Bn | 1.53 Bn | 36.85% |
| 7 | Estee Lauder Companies | 31.47 Bn | 28.34 Bn | 2.84 Bn | 76.40% |
| 8 | Church & Dwight | 22.92 Bn | 22.42 Bn | 681.40 Mn | 46.38% |
| 9 | Clorox | 11.90 Bn | 10.87 Bn | 722.00 Mn | 43.23% |
| 10 | e.l.f. Beauty | 3.24 Bn | 2.95 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% |