Procter & Gamble (PG) Gross Margin (2009 - 2026)
Procter & Gamble's Gross Margin was 49.83% in fiscal Q1 2027 (quarter ended Sep 30, 2026), down 1.54 percentage points from 51.37% a year earlier but up 1.33 percentage points from the prior quarter.
Procter & Gamble (PG) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Procter & Gamble's Gross Margin was 49.78% through Sep 30, 2026, down 1.20 percentage points year-over-year; for FY2026 (ended Jun 30, 2026), it was 50.18%, down 0.98 percentage points from FY2025.
- Gross Margin shows a five-year change of -1.07 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Gross Margin was 51.16% in FY2025 (-0.23 pp), 51.39% in FY2024 (+3.54 pp), 47.86% in FY2023 (+0.43 pp) and 47.43% in FY2022 (-3.82 pp).
- Quarterly Gross Margin has moved between 44.65% (fiscal Q4 2022) and 52.69% (fiscal Q2 2024) over five years.
- Compared with a year earlier, Gross Margin has declined for eight straight quarters, with an average year-over-year change of -0.81 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q2 2024 (a gain of 5.15 percentage points); the worst was fiscal Q2 2022 (a drop of 4.03 percentage points).
- Per Business Quant data, PG's Gross Margin in the three fiscal quarters before Q1 2027 was 48.50% (Q4 2026), 49.51% (Q3 2026) and 51.22% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 384.13 Bn | 335.69 Bn | 11.60 Bn | 49.83% |
| 2 | Colgate Palmolive | 76.99 Bn | 71.47 Bn | 3.23 Bn | 60.22% |
| 3 | Estee Lauder Companies | 40.05 Bn | 27.14 Bn | 2.81 Bn | 75.72% |
| 4 | Kenvue | 37.02 Bn | 32.73 Bn | 2.31 Bn | 59.55% |
| 5 | Kimberly Clark | 36.07 Bn | 32.01 Bn | 1.44 Bn | 34.86% |
| 6 | Church & Dwight | 25.86 Bn | 24.25 Bn | 749.40 Mn | 46.78% |
| 7 | Clorox | 12.14 Bn | 10.40 Bn | 770.00 Mn | 40.42% |
| 8 | e.l.f. Beauty | 6.86 Bn | 5.68 Bn | 370.22 Mn | 71.09% |
| 9 | Reynolds Consumer Products | 5.08 Bn | 4.77 Bn | 236.00 Mn | 25.00% |
| 10 | Bath & Body Works | 4.61 Bn | 1.81 Bn | 692.00 Mn | 45.71% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 49.83% |
| 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% |
Procter & Gamble Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();