NYSE$PG

Procter & Gamble Co · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Procter & Gamble reported fiscal Q1 2026 net sales of $22.4B with net earnings attributable to P&G of $4.8B and diluted EPS of $1.95.

Net sales rose 3% to $22.4 billion for the quarter ended September 30, 2025, with net earnings attributable to Procter & Gamble of $4.8 billion and diluted EPS of $1.95. Organic sales increased 2% as Beauty and Grooming grew mid-single digits.

  • Fiscal Q1 net sales $22.4B (+3% YoY); organic sales +2%.
  • Net earnings attributable to P&G $4.8B (+20% YoY); diluted EPS $1.95.
  • Beauty and Grooming led segment growth; Fabric & Home Care organic sales flat.
  • Pricing and mix contributed to top-line growth; volume was neutral.

Headline financials

Total Revenue

$22.4B

Previous: $21.7B+3.0%
EPS (adj)

$1.95

Previous: $1.61+21.1%
Organic Sales Growth

2.0%

No prior period
Free Cash Flow Productivity

102.0%

No prior period
Capital Expenditures

-$1.2B

Previous: -$993M-20.8%
Free Cash Flow

$3.55B

Previous: $2.97B+19.7%
Net Income

$4.75B

Previous: $3.96B+20.0%
Operating Income

$5.86B

Previous: $5.8B+1.0%
Gross Profit

$11.5B

Previous: $11.3B+1.6%
Cash & Equivalents

$9.9B

Previous: $10.7B-7.5%
Total Assets

$128B

Previous: $126B+0.9%

Revenue & EPS history

Procter & Gamble · Revenue · Quarterly

$22.4B

Q1 2026+3%vs Q1 2025
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Procter & Gamble · $21.9B total across 6 segments · Q1 2024

  • Fabric & Home Care
    $7.65B+8.0%
  • Baby, Feminine & Family Care
    $5.19B+5.1%
  • Beauty
    $4.1B+3.4%
  • Health Care
    $3.07B+11.5%
  • Grooming
    $1.72B+6.1%
  • Corporate
    $144M-43.1%

Forward guidance

The release discusses Procter & Gamble's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Management discussed operating priorities and capital allocation for upcoming quarters.
  • Procter & Gamble cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.2%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.4%

Avg return

30 days after

60%

43 / 72 earnings

Positive

+7.9%

Q1 2019

Best reaction

-7.2%

Q3 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+1.8%+0.5%-0.8%
Q2 2026+2.7%+1.6%+10.1%
Q1 2026-0.5%-2.3%-0.8%
Q3 2025-3.7%-2.1%+0.1%
Q2 2025+2.7%+4.9%+5.3%
Q1 2025-1.6%-1.6%-1.6%
Q4 2024-5.4%+0.1%+0.1%
Q3 2024+2.1%+3.4%+6.6%
Q2 2024+2.9%+5.6%+8.6%
Q1 2024+1.4%+1.3%+3.3%
Q4 2023+2.8%+2.9%+0.9%
Q3 2023+3.6%+2.5%+1.5%
Q2 2023-2.3%-3.1%-4.4%
Q1 2023-1.1%+0.8%+11.1%
Q4 2022-3.5%-2.1%-3.9%
Q3 2022+2.0%+2.0%-11.1%
Q2 2022+3.4%+2.9%+2.0%
Q1 2022-0.8%-1.1%+3.4%
Q4 2021+1.7%+2.1%+2.0%
Q3 2021+0.2%-2.0%+1.0%
Q2 2021-1.9%-1.0%-4.9%
Q1 2021+0.9%+0.3%-1.7%
Q4 2020+2.2%+4.3%+8.2%
Q3 2020-0.7%-1.7%-5.7%
Q2 2020-0.9%-0.2%+0.3%
Q1 2020+3.3%+3.5%+1.1%
Q4 2019+1.8%+0.4%+4.5%
Q3 2019-2.2%-0.1%+0.7%
Q2 2019+4.3%+3.4%+10.8%
Q1 2019+7.9%+11.5%+16.9%
Q4 2018+0.6%+2.7%+4.0%
Q3 2018-5.6%-7.3%-6.1%
Q2 2018-3.9%-4.5%-12.0%
Q1 2018-4.7%-5.2%-3.5%
Q4 2017+1.0%+2.0%+3.6%
Q3 2017-2.6%-3.2%-3.1%
Q2 2017+2.7%+2.9%+7.5%
Q1 2017+3.9%+3.3%-1.7%
Q4 2016-0.5%-0.7%+2.2%
Q3 2016-1.9%
Q2 2016+2.5%
Q1 2016+3.5%
Q4 2015-4.9%
Q3 2015-2.5%
Q2 2015-4.9%
Q1 2015+3.3%
Q4 2014+2.5%
Q3 2014-0.1%
Q2 2014+0.3%
Q1 2014+0.9%
Q4 2013+1.2%
Q3 2013-7.2%
Q2 2013+4.8%
Q1 2013+2.0%
Q4 2012+3.6%
Q3 2012-4.8%
Q2 2012-2.5%
Q1 2012-0.3%
Q4 2011+0.4%
Q3 2011+1.1%
Q2 2011-1.6%
Q1 2011-0.1%
Q4 2010-0.4%
Q3 2009+0.8%
Q3 2010+0.8%
Q4 2008+0.5%
Q4 2007+0.5%
Q2 2010+1.2%
Q2 2009+1.2%
Q1 2009+1.3%
Q1 2010+1.3%
Q4 2009+1.3%

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