Procter & Gamble (PG) Operating Margin (2009 - 2026)
Procter & Gamble (PG) posted quarterly 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 reported Operating Margin for 18 consecutive years, with 21.55% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 150.0% year-over-year to 21.55%; the TTM figure through Mar 2026 stood at 23.24% (down 57.0% YoY), while the FY2025 annual figure was 24.26%, up 220.0% from the prior year.
- Operating Margin fell to 21.55% in Q1 2026 per PG's latest filing, from 24.16% in the prior quarter.
- Across five years, Operating Margin topped out at 26.67% in Q3 2024 and bottomed at 18.44% in Q2 2022.
- Historically, Operating Margin has averaged 22.61% across 5 years, with a median of 22.08% in 2024.
- Annual changes were most pronounced in 2023 — Operating Margin sank 236 bps — and 2024, when it surged 556 bps.
- Procter & Gamble's Operating Margin stood at 23.03% in 2022, then decreased by 10 bps to 20.68% in 2023, then increased by 27 bps to 26.24% in 2024, then fell by 8 bps to 24.16% in 2025, then dropped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 334.68 Bn | 324.73 Bn | 10.28 Bn | 18.63% |
| 2 | Unilever | 135.06 Bn | 122.54 Bn | - | - |
| 3 | Colgate Palmolive | 73.11 Bn | 71.74 Bn | 3.30 Bn | 18.95% |
| 4 | Kenvue | 36.14 Bn | 35.03 Bn | 2.30 Bn | 17.67% |
| 5 | Kimberly Clark | 35.84 Bn | 34.89 Bn | 1.60 Bn | 15.11% |
| 6 | Estee Lauder Companies | 30.63 Bn | 27.51 Bn | 2.84 Bn | 6.71% |
| 7 | Church & Dwight | 23.49 Bn | 23.23 Bn | 693.90 Mn | 18.07% |
| 8 | Clorox | 12.90 Bn | 12.75 Bn | 804.00 Mn | 24.33% |
| 9 | Yatsen Holding | 5.79 Bn | 5.65 Bn | 153.20 Mn | -0.92% |
| 10 | e.l.f. Beauty | 5.48 Bn | 5.13 Bn | 398.84 Mn | 21.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.63% |
| 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% |