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 | 347.53 Bn | 335.22 Bn | 10.51 Bn | 5.94 Bn |
| 2 | Unilever | 134.55 Bn | 124.07 Bn | - | - |
| 3 | Colgate Palmolive | 73.94 Bn | 72.61 Bn | 3.23 Bn | 2.08 Bn |
| 4 | Kenvue | 37.28 Bn | 37.17 Bn | 2.30 Bn | 1.52 Bn |
| 5 | Kimberly Clark | 36.97 Bn | 36.43 Bn | 1.53 Bn | - |
| 6 | Estee Lauder Companies | 29.56 Bn | 26.43 Bn | 2.84 Bn | 2.59 Bn |
| 7 | Church & Dwight | 23.44 Bn | 22.93 Bn | 681.40 Mn | 251.00 Mn |
| 8 | Clorox | 11.78 Bn | 10.60 Bn | 722.00 Mn | 256.00 Mn |
| 9 | Yatsen Holding | 6.33 Bn | 6.19 Bn | 153.20 Mn | -155.01 Mn |
| 10 | e.l.f. Beauty | 4.67 Bn | 4.38 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 |