Procter & Gamble (PG) Operating Expenses (2009 - 2026)
Procter & Gamble (PG) reported Operating Expenses of $5.9 billion for Q1 2026, up 7.46% year-over-year from $5.5 billion in Q1 2025, and down 1.2% quarter-over-quarter from $6.0 billion in Q4 2025.
Procter & Gamble (PG) Operating Expenses (2009 - 2026) Analysis & Trends
Procter & Gamble (PG) has 18 years of Operating Expenses data on file, last reported at $5.9 billion in Q1 2026.
- Operating Expenses for Q1 2026 came in at $5.9 billion, up 7.46% year-over-year; the trailing twelve-month figure through Mar 2026 was $23.5 billion (up 1.85% YoY), and the FY2025 annual result was $22.7 billion, down 2.73% from the prior year.
- Operating Expenses eased to $5.9 billion in Q1 2026 per PG's latest filing, from $6.0 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $6.3 billion in Q2 2024 and troughed at $4.8 billion in Q3 2022.
- A 5-year average of $5.6 billion and a median of $5.6 billion in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses fell 8.9% in 2022, then gained 16.1% in 2023.
- A 5-year view of Operating Expenses shows it stood at $5.1 billion in 2022, then advanced by 8.47% to $5.5 billion in 2023, then gained by 3.64% to $5.7 billion in 2024, then increased by 4.98% to $6.0 billion in 2025, then slipped by 1.2% to $5.9 billion in 2026.
- Business Quant data shows PG's Operating Expenses at $5.9 billion in Q1 2026, $6.0 billion in Q4 2025, and $5.6 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tantech Holdings | 587.03 Bn | 587.00 Bn | - | - |
| 2 | Procter & Gamble | 346.82 Bn | 334.74 Bn | 10.51 Bn | 5.94 Bn |
| 3 | Unilever | 145.94 Bn | 135.46 Bn | - | - |
| 4 | Colgate Palmolive | 70.39 Bn | 69.40 Bn | 3.23 Bn | 2.08 Bn |
| 5 | Kenvue | 34.34 Bn | 34.23 Bn | 2.30 Bn | 1.52 Bn |
| 6 | Kimberly Clark | 33.38 Bn | 32.96 Bn | 1.53 Bn | - |
| 7 | Estee Lauder Companies | 31.47 Bn | 28.34 Bn | 2.84 Bn | 2.59 Bn |
| 8 | Church & Dwight | 22.92 Bn | 22.42 Bn | 681.40 Mn | 251.00 Mn |
| 9 | Clorox | 11.90 Bn | 10.87 Bn | 722.00 Mn | 256.00 Mn |
| 10 | e.l.f. Beauty | 3.24 Bn | 2.95 Bn | 326.45 Mn | 319.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.94 Bn |
| Dec 31, 2025 | 6.01 Bn |
| Sep 30, 2025 | 5.64 Bn |
| Jun 30, 2025 | 5.90 Bn |
| Mar 31, 2025 | 5.52 Bn |
| Dec 31, 2024 | 5.72 Bn |
| Sep 30, 2024 | 5.52 Bn |
| Jun 30, 2024 | 6.30 Bn |
| Mar 31, 2024 | 5.88 Bn |
| Dec 31, 2023 | 5.52 Bn |
| Sep 30, 2023 | 5.60 Bn |
| Jun 30, 2023 | 5.78 Bn |
| Mar 31, 2023 | 5.42 Bn |
| Dec 31, 2022 | 5.09 Bn |
| Sep 30, 2022 | 4.83 Bn |
| Jun 30, 2022 | 5.12 Bn |
| Mar 31, 2022 | 5.03 Bn |
| Dec 31, 2021 | 5.12 Bn |
| Sep 30, 2021 | 4.95 Bn |
| Jun 30, 2021 | 5.62 Bn |