Procter & Gamble (PG) Operating Expenses (2009 - 2026)
Procter & Gamble (PG) posted quarterly 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 reported Operating Expenses for 18 consecutive years, with $5.9 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 7.46% year-over-year to $5.9 billion; the TTM figure through Mar 2026 stood at $23.5 billion (up 1.85% YoY), while the FY2025 annual figure was $22.7 billion, down 2.73% from the prior year.
- Operating Expenses retreated to $5.9 billion in Q1 2026 per PG's latest filing, from $6.0 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $6.3 billion in Q2 2024 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Operating Expenses fell 8.9% — and 2023, when it gained 16.1%.
- Procter & Gamble's Operating Expenses stood at $5.1 billion in 2022, then climbed by 8.47% to $5.5 billion in 2023, then advanced by 3.64% to $5.7 billion in 2024, then rose by 4.98% to $6.0 billion in 2025, then dropped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 334.68 Bn | 324.73 Bn | 10.28 Bn | 6.33 Bn |
| 2 | Unilever | 135.06 Bn | 122.54 Bn | - | - |
| 3 | Colgate Palmolive | 73.11 Bn | 71.74 Bn | 3.30 Bn | 2.13 Bn |
| 4 | Kenvue | 36.14 Bn | 35.03 Bn | 2.30 Bn | 1.60 Bn |
| 5 | Kimberly Clark | 35.84 Bn | 34.89 Bn | 1.60 Bn | - |
| 6 | Estee Lauder Companies | 30.63 Bn | 27.51 Bn | 2.84 Bn | 2.59 Bn |
| 7 | Church & Dwight | 23.49 Bn | 23.23 Bn | 693.90 Mn | 252.20 Mn |
| 8 | Clorox | 12.90 Bn | 12.75 Bn | 804.00 Mn | 330.00 Mn |
| 9 | Yatsen Holding | 5.79 Bn | 5.65 Bn | 153.20 Mn | -155.01 Mn |
| 10 | e.l.f. Beauty | 5.48 Bn | 5.13 Bn | 398.84 Mn | 280.32 Mn |
Historic Data
Download 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 |