Procter & Gamble (PG) Operating Margin (2009 - 2026)

Procter & Gamble's (PG) quarterly Operating Margin came in at 21.55% in Q1 2026, down 150.0% year-on-year from 43.1% in Q1 2025, and down 10.81% on a QoQ basis 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.

  • On a quarterly basis, Operating Margin fell 150.0% year-over-year to 21.55% in Q1 2026; TTM through Mar 2026 was 23.24%, a 57.0% decrease from a year earlier, with the FY2025 full-year figure at 24.26%, up 220.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 21.55%, down from 24.16% in the prior quarter.
  • Over the last five years, Operating Margin for PG reached as high as 26.67% in Q3 2024 and fell as low as 18.44% in Q2 2022.
  • Historically, Operating Margin has averaged 22.61% across 5 years, with a median of 22.08% in 2024.
  • Across the five-year window, Operating Margin tumbled 236 bps in 2023 and soared 556 bps in 2024, its largest moves.
  • Year by year, Operating Margin stood at 23.03% in 2022, then dropped by 10 bps to 20.68% in 2023, then gained by 27 bps to 26.24% in 2024, then decreased by 8 bps to 24.16% in 2025, then fell by 11 bps to 21.55% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 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 Procter & Gamble 347.09 Bn 334.78 Bn 10.51 Bn 21.55%
2 Unilever 134.71 Bn 124.23 Bn - 8.80%
3 Colgate Palmolive 73.88 Bn 72.54 Bn 3.23 Bn 18.11%
4 Kenvue 37.29 Bn 37.18 Bn 2.30 Bn 19.62%
5 Kimberly Clark 36.98 Bn 36.44 Bn 1.53 Bn 18.09%
6 Estee Lauder Companies 29.55 Bn 26.42 Bn 2.84 Bn 6.71%
7 Church & Dwight 23.42 Bn 22.91 Bn 681.40 Mn 19.81%
8 Clorox 11.79 Bn 10.61 Bn 722.00 Mn 27.90%
9 Yatsen Holding 6.33 Bn 6.19 Bn 153.20 Mn -0.92%
10 e.l.f. Beauty 4.65 Bn 4.36 Bn 326.45 Mn -11.20%

Historic Data

Download Data
DateValue
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%