Procter & Gamble (PG) Operating Margin (2009 - 2026)
Procter & Gamble (PG) reported Operating Margin of 21.55% for Q1 2026, down 150.0% year-over-year from 43.1% in Q1 2025, and down 10.81% quarter-over-quarter from 24.16% in Q4 2025.
Procter & Gamble (PG) Operating Margin (2009 - 2026) Analysis & Trends
Procter & Gamble (PG) has 18 years of Operating Margin data on file, last reported at 21.55% in Q1 2026.
- Operating Margin for Q1 2026 came in at 21.55%, down 150.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 23.24% (down 57.0% YoY), and the FY2025 annual result was 24.26%, up 220.0% from the prior year.
- Operating Margin slipped to 21.55% in Q1 2026 per PG's latest filing, from 24.16% in the prior quarter.
- Over five years, Operating Margin peaked at 26.67% in Q3 2024 and troughed at 18.44% in Q2 2022.
- A 5-year average of 22.61% and a median of 22.08% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2023 and 2024: Operating Margin sank 236 bps in 2023, then surged 556 bps in 2024.
- A 5-year view of Operating Margin shows it stood at 23.03% in 2022, then retreated by 10 bps to 20.68% in 2023, then grew by 27 bps to 26.24% in 2024, then declined by 8 bps to 24.16% in 2025, then slipped by 11 bps to 21.55% in 2026.
- Business Quant data shows PG's Operating Margin at 21.55% in Q1 2026, 24.16% in Q4 2025, and 26.16% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tantech Holdings | 611.49 Bn | 611.46 Bn | - | - |
| 2 | Procter & Gamble | 338.86 Bn | 326.78 Bn | 10.51 Bn | 21.55% |
| 3 | Unilever | 142.58 Bn | 132.10 Bn | - | 8.80% |
| 4 | Colgate Palmolive | 69.08 Bn | 68.08 Bn | 3.23 Bn | 18.11% |
| 5 | Kenvue | 33.68 Bn | 33.57 Bn | 2.30 Bn | 19.62% |
| 6 | Kimberly Clark | 32.46 Bn | 32.04 Bn | 1.53 Bn | 18.09% |
| 7 | Estee Lauder Companies | 30.67 Bn | 27.54 Bn | 2.84 Bn | 6.71% |
| 8 | Church & Dwight | 22.55 Bn | 22.05 Bn | 681.40 Mn | 19.81% |
| 9 | Clorox | 11.54 Bn | 10.51 Bn | 722.00 Mn | 27.90% |
| 10 | e.l.f. Beauty | 3.05 Bn | 2.76 Bn | 326.45 Mn | -11.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.55% |
| Dec 31, 2025 | 24.16% |
| Sep 30, 2025 | 26.16% |
| Jun 30, 2025 | 20.85% |
| Mar 31, 2025 | 23.05% |
| Dec 31, 2024 | 26.24% |
| Sep 30, 2024 | 26.67% |
| Jun 30, 2024 | 18.92% |
| Mar 31, 2024 | 22.08% |
| Dec 31, 2023 | 20.68% |
| Sep 30, 2023 | 26.37% |
| Jun 30, 2023 | 20.25% |
| Mar 31, 2023 | 21.17% |
| Dec 31, 2022 | 23.03% |
| Sep 30, 2022 | 23.96% |
| Jun 30, 2022 | 18.44% |
| Mar 31, 2022 | 20.76% |
| Dec 31, 2021 | 24.66% |
| Sep 30, 2021 | 24.70% |
| Jun 30, 2021 | 18.68% |