Procter & Gamble (PG) Gross Margin (2009 - 2026)
Procter & Gamble (PG) posted quarterly 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 reported Gross Margin for 18 consecutive years, with 49.51% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 147.0% year-over-year to 49.51%; the TTM figure through Mar 2026 stood at 50.33% (down 96.0% YoY), while the FY2025 annual figure was 51.16%, down 23.0% from the prior year.
- Gross Margin eased to 49.51% in Q1 2026 per PG's latest filing, from 51.22% in the prior quarter.
- Across five years, Gross Margin topped out at 52.69% in Q4 2023 and bottomed at 44.65% in Q2 2022.
- Historically, Gross Margin has averaged 49.7% across 5 years, with a median of 49.6% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 401 bps — and 2023, when it soared 515 bps.
- Procter & Gamble's Gross Margin stood at 47.54% in 2022, then gained by 11 bps to 52.69% in 2023, then retreated by 1 bps to 52.39% in 2024, then fell by 2 bps to 51.22% in 2025, then dropped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 334.68 Bn | 324.73 Bn | 10.28 Bn | 48.50% |
| 2 | Unilever | 135.06 Bn | 122.54 Bn | - | - |
| 3 | Colgate Palmolive | 73.11 Bn | 71.74 Bn | 3.30 Bn | 61.48% |
| 4 | Kenvue | 36.14 Bn | 35.03 Bn | 2.30 Bn | 58.18% |
| 5 | Kimberly Clark | 35.84 Bn | 34.89 Bn | 1.60 Bn | 38.27% |
| 6 | Estee Lauder Companies | 30.63 Bn | 27.51 Bn | 2.84 Bn | 76.40% |
| 7 | Church & Dwight | 23.49 Bn | 23.23 Bn | 693.90 Mn | 45.35% |
| 8 | Clorox | 12.90 Bn | 12.75 Bn | 804.00 Mn | 41.27% |
| 9 | Yatsen Holding | 5.79 Bn | 5.65 Bn | 153.20 Mn | 77.66% |
| 10 | e.l.f. Beauty | 5.48 Bn | 5.13 Bn | 398.84 Mn | 83.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 48.50% |
| 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% |