Procter & Gamble (PG) Operating Expenses (2009 - 2026)

Procter & Gamble's (PG) quarterly Operating Expenses came in at $5.9 billion in Q1 2026, up 7.46% year-on-year from $5.5 billion in Q1 2025, and down 1.2% on a QoQ basis 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.

  • On a quarterly basis, Operating Expenses rose 7.46% year-over-year to $5.9 billion in Q1 2026; TTM through Mar 2026 was $23.5 billion, a 1.85% increase from a year earlier, with the FY2025 full-year figure at $22.7 billion, down 2.73% from the prior year.
  • Operating Expenses for Q1 2026 stood at $5.9 billion, down from $6.0 billion in the prior quarter.
  • Over the last five years, Operating Expenses for PG reached as high as $6.3 billion in Q2 2024 and fell as low as $4.8 billion in Q3 2022.
  • Historically, Operating Expenses has averaged $5.6 billion across 5 years, with a median of $5.6 billion in 2023.
  • Across the five-year window, Operating Expenses dropped 8.9% in 2022 and increased 16.1% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $5.1 billion in 2022, then increased by 8.47% to $5.5 billion in 2023, then grew by 3.64% to $5.7 billion in 2024, then advanced by 4.98% to $6.0 billion in 2025, then fell by 1.2% to $5.9 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $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 Procter & Gamble 346.57 Bn 334.27 Bn 10.51 Bn 5.94 Bn
2 Unilever 134.15 Bn 123.67 Bn - -
3 Colgate Palmolive 73.76 Bn 72.42 Bn 3.23 Bn 2.08 Bn
4 Kenvue 37.38 Bn 37.27 Bn 2.30 Bn 1.52 Bn
5 Kimberly Clark 37.00 Bn 36.46 Bn 1.53 Bn -
6 Estee Lauder Companies 30.15 Bn 27.03 Bn 2.84 Bn 2.59 Bn
7 Church & Dwight 23.41 Bn 22.91 Bn 681.40 Mn 251.00 Mn
8 Clorox 11.83 Bn 10.64 Bn 722.00 Mn 256.00 Mn
9 Yatsen Holding 6.39 Bn 6.25 Bn 153.20 Mn -155.01 Mn
10 e.l.f. Beauty 4.84 Bn 4.55 Bn 326.45 Mn 319.14 Mn

Historic Data

Download Data
DateValue
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