Procter & Gamble (PG) Net Margin (2009 - 2026)
Procter & Gamble (PG) posted quarterly Net Margin of 18.6% for Q1 2026, down 58.0% year-over-year from 44.29% in Q1 2025, and down 4.62% quarter-over-quarter from 19.5% in Q4 2025.
Procter & Gamble (PG) Net Margin (2009 - 2026) Analysis & Trends
Procter & Gamble (PG) has reported Net Margin for 18 consecutive years, with 18.6% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 58.0% year-over-year to 18.6%; the TTM figure through Mar 2026 stood at 19.24% (up 68.0% YoY), while the FY2025 annual figure was 19.06%, up 124.0% from the prior year.
- Net Margin fell to 18.6% in Q1 2026 per PG's latest filing, from 19.5% in the prior quarter.
- Across five years, Net Margin topped out at 21.36% in Q3 2025 and bottomed at 15.31% in Q2 2024.
- Historically, Net Margin has averaged 18.33% across 5 years, with a median of 18.6% in 2026.
- Annual changes were most pronounced in 2023 — Net Margin slumped 277 bps — and 2024, when it surged 500 bps.
- Procter & Gamble's Net Margin stood at 19.06% in 2022, then declined by 15 bps to 16.29% in 2023, then jumped by 31 bps to 21.29% in 2024, then retreated by 8 bps to 19.5% in 2025, then fell by 5 bps to 18.6% in 2026.
- Business Quant data shows PG's Net Margin at 18.6% in Q1 2026, 19.5% in Q4 2025, and 21.36% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 334.68 Bn | 324.73 Bn | 10.28 Bn | 14.53% |
| 2 | Unilever | 135.06 Bn | 122.54 Bn | - | - |
| 3 | Colgate Palmolive | 73.11 Bn | 71.74 Bn | 3.30 Bn | 13.41% |
| 4 | Kenvue | 36.14 Bn | 35.03 Bn | 2.30 Bn | 11.53% |
| 5 | Kimberly Clark | 35.84 Bn | 34.89 Bn | 1.60 Bn | -1.43% |
| 6 | Estee Lauder Companies | 30.63 Bn | 27.51 Bn | 2.84 Bn | 2.40% |
| 7 | Church & Dwight | 23.49 Bn | 23.23 Bn | 693.90 Mn | 13.25% |
| 8 | Clorox | 12.90 Bn | 12.75 Bn | 804.00 Mn | 8.57% |
| 9 | Yatsen Holding | 5.79 Bn | 5.65 Bn | 153.20 Mn | 3.33% |
| 10 | e.l.f. Beauty | 5.48 Bn | 5.13 Bn | 398.84 Mn | 13.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.53% |
| Mar 31, 2026 | 18.60% |
| Dec 31, 2025 | 19.50% |
| Sep 30, 2025 | 21.36% |
| Jun 30, 2025 | 17.36% |
| Mar 31, 2025 | 19.18% |
| Dec 31, 2024 | 21.29% |
| Sep 30, 2024 | 18.35% |
| Jun 30, 2024 | 15.31% |
| Mar 31, 2024 | 18.72% |
| Dec 31, 2023 | 16.29% |
| Sep 30, 2023 | 20.83% |
| Jun 30, 2023 | 16.50% |
| Mar 31, 2023 | 17.06% |
| Dec 31, 2022 | 19.06% |
| Sep 30, 2022 | 19.23% |
| Jun 30, 2022 | 15.67% |
| Mar 31, 2022 | 17.37% |
| Dec 31, 2021 | 20.25% |
| Sep 30, 2021 | 20.29% |