Procter & Gamble (PG) Operating Expenses (2009 - 2026)
Procter & Gamble's (PG) quarterly Operating Expenses came in at $6.3 billion in Q2 2026, up 7.28% year-over-year from $5.9 billion in Q2 2025, and up 6.7% quarter-over-quarter from $5.9 billion in Q1 2026.
Analysis
Procter & Gamble (PG) Operating Expenses (2009 - 2026) Analysis & Trends
Procter & Gamble (PG) has reported Operating Expenses for 18 consecutive years, with $6.3 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 7.28% year-over-year to $6.3 billion in Q2 2026; TTM through Jun 2026 was $23.9 billion, a 5.52% increase from a year earlier, with the FY2026 full-year figure at $23.9 billion, up 5.53% from the prior year.
- Operating Expenses was $6.3 billion for Q2 2026 at Procter & Gamble, up from $5.9 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $6.3 billion in Q2 2026 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.
- Across the five-year window, Operating Expenses declined 8.9% in 2022 and rose 16.1% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $5.1 billion in 2022, then gained by 8.47% to $5.5 billion in 2023, then rose by 3.64% to $5.7 billion in 2024, then grew by 4.98% to $6.0 billion in 2025, then climbed by 5.43% to $6.3 billion in 2026.
- The last three Operating Expenses figures came in at $6.3 billion (Q2 2026), $5.9 billion (Q1 2026), and $6.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 340.14 Bn | 330.19 Bn | 10.28 Bn | 6.33 Bn |
| 2 | Church & Dwight | 22.88 Bn | 22.63 Bn | 693.90 Mn | 252.20 Mn |
| 3 | Clorox | 11.18 Bn | 11.04 Bn | 804.00 Mn | 330.00 Mn |
| 4 | Reynolds Consumer Products | 4.62 Bn | 4.55 Bn | 245.00 Mn | 107.00 Mn |
| 5 | Wd 40 | 2.72 Bn | 2.66 Bn | 110.42 Mn | 70.09 Mn |
| 6 | Energizer Holdings | 1.45 Bn | 1.27 Bn | 280.60 Mn | 136.70 Mn |
| 7 | Grove Collaborative Holdings | 43.80 Mn | 33.39 Mn | 19.59 Mn | 19.13 Mn |
| 8 | CleanCore Solutions | 33.33 Mn | 16.28 Mn | -419,259.00 | 18.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.33 Bn |
| 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 |