Procter & Gamble annual gross margin
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2026
Procter & Gamble Gross Margin Growth & History (PG)
Procter & Gamble's gross margin was 50.18% for fiscal 2026.
View full Procter & Gamble company overviewProcter & Gamble annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-06-30 | 50.18% | −0.98 pp |
| 2025 | 2025-06-30 | 51.16% | −0.23 pp |
| 2024 | 2024-06-30 | 51.39% | +3.54 pp |
| 2023 | 2023-06-30 | 47.86% | +0.43 pp |
| 2022 | 2022-06-30 | 47.43% | −3.82 pp |
| 2021 | 2021-06-30 | 51.25% | +0.93 pp |
| 2020 | 2020-06-30 | 50.32% | +1.69 pp |
| 2019 | 2019-06-30 | 48.63% | +0.15 pp |
| 2018 | 2018-06-30 | 48.48% | −1.35 pp |
| 2017 | 2017-06-30 | 49.83% | +0.23 pp |
| 2016 | 2016-06-30 | 49.60% | +1.98 pp |
| 2015 | 2015-06-30 | 47.62% | +80.38 pp |
| 2014 | 2014-06-30 | −32.76% | +4.20 pp |
| 2013 | 2013-06-30 | −36.96% | +8.86 pp |
| 2012 | 2012-06-30 | −45.81% | −96.67 pp |
| 2011 | 2011-06-30 | 50.85% | −1.39 pp |
| 2010 | 2010-06-30 | 52.25% | +2.69 pp |
| 2009 | 2009-06-30 | 49.55% | −0.91 pp |
| 2008 | 2008-06-30 | 50.46% | — |
Procter & Gamble quarterly gross margin
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| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q4 2026 | 2026-06-30 | 48.50% | −0.60 pp |
| Q3 2026 | 2026-03-31 | 49.51% | −1.47 pp |
| Q2 2026 | 2025-12-31 | 51.22% | −1.17 pp |
| Q1 2026 | 2025-09-30 | 51.37% | −0.69 pp |
| Q4 2025 | 2025-06-30 | 49.11% | −0.49 pp |
| Q3 2025 | 2025-03-31 | 50.98% | −0.22 pp |
| Q2 2025 | 2024-12-31 | 52.39% | −0.30 pp |
| Q1 2025 | 2024-09-30 | 52.06% | +0.07 pp |
| Q4 2024 | 2024-06-30 | 49.60% | +1.24 pp |
| Q3 2024 | 2024-03-31 | 51.20% | +3.04 pp |
| Q2 2024 | 2023-12-31 | 52.69% | +5.15 pp |
| Q1 2024 | 2023-09-30 | 51.99% | +4.61 pp |
| Q4 2023 | 2023-06-30 | 48.36% | +3.72 pp |
| Q3 2023 | 2023-03-31 | 48.16% | +1.44 pp |
| Q2 2023 | 2022-12-31 | 47.54% | −1.56 pp |
| Q1 2023 | 2022-09-30 | 47.38% | −1.66 pp |
| Q4 2022 | 2022-06-30 | 44.65% | −3.67 pp |
| Q3 2022 | 2022-03-31 | 46.72% | −4.01 pp |
| Q2 2022 | 2021-12-31 | 49.11% | −4.03 pp |
| Q1 2022 | 2021-09-30 | 49.04% | −3.64 pp |
| Q4 2021 | 2021-06-30 | 48.32% | −1.15 pp |
| Q3 2021 | 2021-03-31 | 50.73% | +1.36 pp |
| Q2 2021 | 2020-12-31 | 53.14% | +1.76 pp |
| Q1 2021 | 2020-09-30 | 52.68% | +1.69 pp |
| Q4 2020 | 2020-06-30 | 49.47% | +1.76 pp |
| Q3 2020 | 2020-03-31 | 49.37% | +0.56 pp |
| Q2 2020 | 2019-12-31 | 51.38% | +2.52 pp |
| Q1 2020 | 2019-09-30 | 50.99% | +1.82 pp |
| Q4 2019 | 2019-06-30 | 47.71% | +2.67 pp |
| Q3 2019 | 2019-03-31 | 48.81% | +0.30 pp |
| Q2 2019 | 2018-12-31 | 48.85% | −1.08 pp |
| Q1 2019 | 2018-09-30 | 49.17% | −1.18 pp |
| Q4 2018 | 2018-06-30 | 45.04% | −2.71 pp |
| Q3 2018 | 2018-03-31 | 48.50% | −1.28 pp |
| Q2 2018 | 2017-12-31 | 49.93% | −0.84 pp |
| Q1 2018 | 2017-09-30 | 50.35% | −0.61 pp |
| Q4 2017 | 2017-06-30 | 47.75% | −0.20 pp |
| Q3 2017 | 2017-03-31 | 49.79% | +0.02 pp |
| Q2 2017 | 2016-12-31 | 50.77% | +0.79 pp |
| Q1 2017 | 2016-09-30 | 50.95% | +0.28 pp |
| Q4 2016 | 2016-06-30 | 47.94% | +1.33 pp |
| Q3 2016 | 2016-03-31 | 49.76% | +2.49 pp |
| Q2 2016 | 2015-12-31 | 49.99% | +1.66 pp |
| Q1 2016 | 2015-09-30 | 50.67% | +2.53 pp |
| Q4 2015 | 2015-06-30 | 46.61% | — |
| Q3 2015 | 2015-03-31 | 47.27% | −1.61 pp |
| Q2 2015 | 2014-12-31 | 48.32% | −2.04 pp |
| Q1 2015 | 2014-09-30 | 48.14% | −1.09 pp |
| Q3 2014 | 2014-03-31 | 48.88% | +0.08 pp |
| Q2 2014 | 2013-12-31 | 50.36% | +0.41 pp |
| Q1 2014 | 2013-09-30 | 49.24% | +0.12 pp |
| Q4 2013 | 2013-06-30 | −204.47% | — |
| Q3 2013 | 2013-03-31 | 48.80% | −0.50 pp |
| Q2 2013 | 2012-12-31 | 49.95% | −0.15 pp |
| Q1 2013 | 2012-09-30 | 49.12% | −0.69 pp |
| Q3 2012 | 2012-03-31 | 49.31% | −1.49 pp |
| Q2 2012 | 2011-12-31 | 50.10% | −0.86 pp |
| Q1 2012 | 2011-09-30 | 49.81% | −1.22 pp |
| Q4 2011 | 2011-06-30 | 50.64% | — |
| Q3 2011 | 2011-03-31 | 50.79% | −1.11 pp |
| Q2 2011 | 2010-12-31 | 50.96% | −2.74 pp |
| Q1 2011 | 2010-09-30 | 51.03% | −1.53 pp |
| Q3 2010 | 2010-03-31 | 51.90% | +2.93 pp |
| Q2 2010 | 2009-12-31 | 53.70% | +3.28 pp |
| Q1 2010 | 2009-09-30 | 52.55% | +2.87 pp |
| Q4 2009 | 2009-06-30 | 49.04% | — |
| Q3 2009 | 2009-03-31 | 48.96% | — |
| Q2 2009 | 2008-12-31 | 50.42% | — |
| Q1 2009 | 2008-09-30 | 49.68% | — |
Procter & Gamble gross margin trends
Over the last five fiscal years, Procter & Gamble's gross margin decreased from 51.25% to 50.18%, a change of −1.07 percentage points. The latest reported quarter, Q4 2026, shows 48.50%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Procter & Gamble source filings ↗Community posts
P&G holds core earnings outlook despite larger commodity-cost burden
Procter & Gamble ($PG) reported fiscal first-quarter 2027 revenue of $23.28 billion, up 4%, with organic sales also increasing 4%. Volume growth contributed to the improvement, while GAAP earnings reached $1.97 per share and core earnings w ...
