Procter & Gamble (PG) Operating Margin (2009 - 2026)
Procter & Gamble (PG) recorded Operating Margin of 25.51% in fiscal Q1 2027 (quarter ended Sep 30, 2026), down 0.65 percentage points from 26.16% a year earlier but up 6.88 percentage points from the prior quarter.
Procter & Gamble (PG) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Procter & Gamble's Operating Margin came in at 22.55% as of Sep 30, 2026, down 1.60 percentage points year-over-year; for FY2026 (ended Jun 30, 2026), it came in at 22.69%, down 1.57 percentage points from FY2025.
- Annual Operating Margin has a five-year change of -0.94 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Operating Margin came in at 24.26% in FY2025 (+2.20 pp), 22.07% in FY2024 (-0.05 pp), 22.11% in FY2023 (-0.10 pp) and 22.21% in FY2022 (-1.41 pp).
- Quarterly Operating Margin has ranged from 18.44% in fiscal Q4 2022 to 26.67% in fiscal Q1 2025 over the past five years.
- On a year-over-year basis, Operating Margin has declined for five consecutive quarters, with an average year-over-year change of +0.19 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 5.56 percentage points in fiscal Q2 2025, against a drop of 2.58 percentage points in fiscal Q2 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 18.63% (Q4 2026), 21.55% (Q3 2026) and 24.16% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 385.85 Bn | 337.41 Bn | 11.60 Bn | 25.51% |
| 2 | Colgate Palmolive | 77.62 Bn | 72.10 Bn | 3.23 Bn | 20.26% |
| 3 | Estee Lauder Companies | 41.03 Bn | 28.13 Bn | 2.81 Bn | 10.98% |
| 4 | Kenvue | 37.02 Bn | 32.73 Bn | 2.31 Bn | 18.17% |
| 5 | Kimberly Clark | 36.20 Bn | 32.14 Bn | 1.44 Bn | 12.48% |
| 6 | Church & Dwight | 26.09 Bn | 24.48 Bn | 749.40 Mn | 18.19% |
| 7 | Clorox | 12.34 Bn | 10.60 Bn | 770.00 Mn | 23.67% |
| 8 | e.l.f. Beauty | 7.07 Bn | 5.89 Bn | 370.22 Mn | 10.07% |
| 9 | Reynolds Consumer Products | 5.06 Bn | 4.75 Bn | 236.00 Mn | 13.77% |
| 10 | Bath & Body Works | 4.79 Bn | 1.99 Bn | 692.00 Mn | 14.27% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.51% |
| 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% |
Procter & Gamble Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=PG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "PG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=PG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();