Procter & Gamble (PG) Gross Margin (2009 - 2026)
Procter & Gamble's (PG) quarterly Gross Margin came in at 48.5% in Q2 2026, down 61.0% year-over-year from 124.36% in Q2 2025, and down 2.04% quarter-over-quarter from 49.51% in Q1 2026.
Analysis
Procter & Gamble (PG) Gross Margin (2009 - 2026) Analysis & Trends
Procter & Gamble (PG) has reported Gross Margin for 18 consecutive years, with 48.5% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 61.0% year-over-year to 48.5% in Q2 2026; TTM through Jun 2026 was 50.18%, a 98.0% decrease from a year earlier, with the FY2026 full-year figure at 50.18%, down 98.0% from the prior year.
- Gross Margin was 48.5% for Q2 2026 at Procter & Gamble, down from 49.51% 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 49.63% and a median of 49.55% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 401 bps in 2022 and surged 515 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 47.54% in 2022, then increased by 11 bps to 52.69% in 2023, then declined by 1 bps to 52.39% in 2024, then dropped by 2 bps to 51.22% in 2025, then fell by 5 bps to 48.5% in 2026.
- The last three Gross Margin figures came in at 48.5% (Q2 2026), 49.51% (Q1 2026), and 51.22% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 340.14 Bn | 330.19 Bn | 10.28 Bn | 48.50% |
| 2 | Church & Dwight | 22.88 Bn | 22.63 Bn | 693.90 Mn | 45.35% |
| 3 | Clorox | 11.18 Bn | 11.04 Bn | 804.00 Mn | 41.27% |
| 4 | Reynolds Consumer Products | 4.62 Bn | 4.55 Bn | 245.00 Mn | 25.95% |
| 5 | Wd 40 | 2.72 Bn | 2.66 Bn | 110.42 Mn | 56.59% |
| 6 | Energizer Holdings | 1.45 Bn | 1.27 Bn | 280.60 Mn | 38.22% |
| 7 | Grove Collaborative Holdings | 43.80 Mn | 33.39 Mn | 19.59 Mn | 53.56% |
| 8 | CleanCore Solutions | 33.33 Mn | 16.28 Mn | -419,259.00 | -77.11% |
Historic Data
Download Data
Historic 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% |