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How Procter & Gamble (PG) makes money: Q4 2026 revenue breakdown
US GAAP · $M · vs Q4 2025 · reported 07/29/2026
Procter & Gamble — The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation incorporated and headquartered in Cincinnati, Ohio. · Wikipedia
More about the company
The company was founded in 1837 by William Procter and James Gamble.
Key growth driver: Beauty — the fastest-growing revenue line: $3,975, +6% y/y. · by the Q4 2026 report
How does Procter & Gamble make money?
Procter & Gamble brought in $21.2 billion of revenue in Q4 2026, up 2% year over year. The largest source was Fabric & Home Care: $7.43 billion, or 35% of the total, followed by Baby, Feminine & Family Care ($5.05B, 24%) and Beauty ($3.98B, 19%); other lines add the remaining 22%. Net income for the quarter was $3.08 billion, down 15% year over year.
Revenue by source, Q4 2026
- Fabric & Home Care$7.43B · 35% · +1%
- Baby, Feminine & Family Care$5.05B · 24% · −1%
- Beauty$3.98B · 19% · +6%
- Health Care$2.76B · 13% · +1%
- Grooming$1.70B · 8% · +1%
- Corporate$292M · 1%
Shares of $21.2B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is PG’s next earnings date?
Thursday, October 22, 2026confirmed · before market open
Procter & Gamble (PG) is scheduled to report results for the quarter ending Sep 2026 on Oct 22, 2026. Consensus EPS forecast: $1.89 (10 analysts), vs $1.99 in the same quarter last year.
What time does PG report? Usually before market open: the last 4 results releases reached the SEC at 7:03 am, 7:01 am, 7:02 am, 7:04 am ET.
Last report: Jul 29, 2026 (Q4 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$21,203
+2%
Gross profit
$10,283
48.5% margin (-60bps)
Operating income
$3,949
-9%
18.6% margin (-220bps)
Net income
$3,081
-15%
14.5% margin
Verdict: a soft quarter — net sales rose 2% to $21.2B but organic sales were flat and GAAP net earnings fell 15% to $3,081M as SG&A reinvestment and non-core restructuring charges compressed operating margin by 220bps, masking a healthier full-year performance.
FY26 OCF $19.6B; FY26 dividends $10.2B and buybacks $5.0B; FY27 guidance: sales +1-3%, core EPS ≈flat to +3%, ~$10B dividends, ~$5B buybacks.
Source and notation
* marks non-cash / ≈ estimated. Source: Procter & Gamble press release / 10-Q (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
Heads-up
- net income fell 15% y/y in Q4 2026
Most likely because core EPS $1.43 (-3%) fell far less than GAAP diluted EPS $1.26 (-15%); reported gross margin fell 60bps but Core gross margin was unchanged; other non-operating income fell 59% y/y ($112M vs $274M) due to lapping a larger prior-year gain, further pressuring pre-tax earnings beyond the operating line. Based on the Q4 2026 report.
Company filings on SEC EDGAR ↗PG earnings history: past report dates
| Jul 29, 2026 Wed | 7:03 ambefore market open | Jun 30, 2026 | ≈$21.2B+2% y/y | ≈$1.26−15% y/y |
| Apr 24, 2026 Fri | 7:01 ambefore market open | Mar 31, 2026 | $21.2B+7% y/y | $1.63+6% y/y |
| Jan 22, 2026 Thu | 7:02 ambefore market open | Dec 31, 2025 | $22.2B+1% y/y | $1.78−5% y/y |
| Oct 24, 2025 Fri | 7:04 ambefore market open | Sep 30, 2025 | $22.4B+3% y/y | $1.95+21% y/y |
| Jul 29, 2025 Tue | 7:03 ambefore market open | Jun 30, 2025 | ≈$20.9B+2% y/y | ≈$1.48+17% y/y |
| Apr 24, 2025 Thu | 7:02 ambefore market open | Mar 31, 2025 | $19.8B−2% y/y | $1.54+1% y/y |
| Jan 22, 2025 Wed | 7:06 ambefore market open | Dec 31, 2024 | $21.9B+2% y/y | $1.88+34% y/y |
| Oct 18, 2024 Fri | 7:02 ambefore market open | Sep 30, 2024 | $21.7B−1% y/y | $1.61−12% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Procter & Gamble: 5-year financials
| FY2026 | 87,032 | 19,748 | 16,046 | 15,147 | 10,232 |
| FY2025 | 84,284 | 20,451 | 15,974 | 14,044 | 9,872 |
| FY2024 | 84,039 | 18,545 | 14,879 | 16,524 | 9,312 |
| FY2023 | 82,006 | 18,134 | 14,653 | 13,786 | 8,999 |
| FY2022 | 80,187 | 17,813 | 14,742 | 13,567 | 8,770 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP); the company’s fiscal year doesn’t match the calendar year so years follow the company’s own labels.
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Aug 202610-K FY2026: a single class of common stock; P&G has paid a dividend for 136 consecutive years and raised it for 70 consecutive years; no shareholder suits in Legal Proceedings. sec.gov ↗
- Jun 2026Diluted shares fell 6.9% over FY2021–FY2026; SBC was 0.6% of revenue (XBRL). data.sec.gov ↗
- Jun 2026Dividend per share: $3.68 (FY2023) → $4.26 (FY2026) (XBRL). data.sec.gov ↗
Scoring: 2.0, no deductions: single share class, shares −6.9% over 5 years, dividend raised for 70 consecutive years, no shareholder suits or SEC cases
- Share classes
- Single class of common stock (10-K FY2026 cover).
- Dilution
- Diluted shares FY2021→FY2026 −6.9%; SBC 0.6% of revenue.
- Disclosure
- Full reporting, filed on time.
- Dividends
- Dividend paid for 136 consecutive years and raised for 70 consecutive years; $3.68 (FY2023) → $4.26 (FY2026).
- Lawsuits & regulators
- The 10-K lists only ordinary disputes (antitrust, product, tax); no shareholder suits or SEC cases. The proxy fight with Peltz (2017) is not a deduction.
- Related parties
- Related-party transactions are limited to employment of executives' relatives, approved by the audit committee.
How the score works · checked as of Sep 2026
Procter & Gamble (PG) earnings: FAQ
How does Procter & Gamble make money?
Procter & Gamble brought in $21.2 billion of revenue in Q4 2026, up 2% year over year. The largest source was Fabric & Home Care: $7.43 billion, or 35% of the total, followed by Baby, Feminine & Family Care ($5.05B, 24%) and Beauty ($3.98B, 19%); other lines add the remaining 22%. Net income for the quarter was $3.08 billion, down 15% year over year.
When is PG's next earnings date?
Procter & Gamble (PG) is scheduled to report on Oct 22, 2026, before market open.
What time does PG report earnings?
Procter & Gamble is scheduled to report before market open on Oct 22, 2026. Its last results releases were filed before market open, most recently at 7:03 am ET on Jul 29, 2026.
When did PG last report earnings?
Procter & Gamble reported Q4 2026 results on Jul 29, 2026.
What is the EPS estimate for PG's next earnings?
The consensus EPS forecast is $1.89 (10 analysts), vs $1.99 in the same quarter last year.
Where can I find Procter & Gamble's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to PG's filings; this page breaks the latest report down in a Sankey chart.
What was PG's net income in Q4 2026?
Procter & Gamble reported net income of $3,081M for Q4 2026 (-15% year over year), under US GAAP.
Does Procter & Gamble pay dividends?
Yes. In fiscal 2026, Procter & Gamble paid $10,232M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/25/2026. How we make the breakdowns · Report an error
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