Procter & Gamble (PG) Operating Margin (2009 - 2026)
Procter & Gamble's (PG) quarterly Operating Margin came in at 18.63% in Q2 2026, down 222.0% year-over-year from 15.27% in Q2 2025, and down 13.55% quarter-over-quarter from 21.55% in Q1 2026.
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Analysis
Procter & Gamble (PG) Operating Margin (2009 - 2026) Analysis & Trends
Procter & Gamble (PG) has reported Operating Margin for 18 consecutive years, with 18.63% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 222.0% year-over-year to 18.63% in Q2 2026; TTM through Jun 2026 was 22.69%, a 157.0% decrease from a year earlier, with the FY2026 full-year figure at 22.69%, down 157.0% from the prior year.
- Operating Margin was 18.63% for Q2 2026 at Procter & Gamble, down from 21.55% 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 22.39% and a median of 21.82% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 236 bps in 2023 and jumped 556 bps in 2024, its largest moves.
- Over 5 years, Operating Margin stood at 23.03% in 2022, then fell by 10 bps to 20.68% in 2023, then climbed by 27 bps to 26.24% in 2024, then dropped by 8 bps to 24.16% in 2025, then decreased by 23 bps to 18.63% in 2026.
- The last three Operating Margin figures came in at 18.63% (Q2 2026), 21.55% (Q1 2026), and 24.16% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 340.14 Bn | 330.19 Bn | 10.28 Bn | 18.63% |
| 2 | Church & Dwight | 22.88 Bn | 22.63 Bn | 693.90 Mn | 18.07% |
| 3 | Clorox | 11.18 Bn | 11.04 Bn | 804.00 Mn | 24.33% |
| 4 | Reynolds Consumer Products | 4.62 Bn | 4.55 Bn | 245.00 Mn | 14.62% |
| 5 | Wd 40 | 2.72 Bn | 2.66 Bn | 110.42 Mn | 20.67% |
| 6 | Energizer Holdings | 1.45 Bn | 1.27 Bn | 280.60 Mn | 19.60% |
| 7 | Grove Collaborative Holdings | 43.80 Mn | 33.39 Mn | 19.59 Mn | -2.14% |
| 8 | CleanCore Solutions | 33.33 Mn | 16.28 Mn | -419,259.00 | -3,490.91% |
Historic Data
Download Data
Historic 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% |