The Procter & Gamble Company creates, manufactures, markets and distributes branded consumer products, investing in research and development to introduce new products and improve existing ones. The company sells through mass merchandisers, digital commerce and social commerce channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, high-frequency stores, pharmacies, electronics stores, professional channels, and direct to consumers, with operations spanning numerous countries and territories. Products are manufactured using raw and packaging materials purchased largely from third-party suppliers, including some single-source suppliers, and the company competes against branded products from other companies as well as retailers' private-label brands.
| Income statement · $ millions | 2026 | 2025 | 2024 | |
|---|---|---|---|---|
| Total revenues | 87,032 | 84,284 | 84,039 | 5 |
| · Fabric & Home Care | 30,314 | 29,617 | 29,495 | |
| · Baby, Feminine & Family Care | 20,401 | 20,248 | 20,277 | |
| · Beauty | 16,023 | 14,964 | 15,220 | |
| · Health Care | 12,456 | 11,998 | 11,793 | |
| · Grooming | 6,918 | 6,662 | 6,654 | |
| · Corporate | 919 | 794 | 601 | |
| Cost of revenue | 43,362 | 41,164 | 40,848 | |
| Research and development | 2,100 | 2,100 | 2,000 | |
| Selling, general and administrative | 23,922 | 22,669 | 23,305 | 1 |
| Depreciation, depletion and amortization | 3,160 | 2,847 | 2,896 | |
| Operating income | 19,748 | 20,451 | 18,545 | 2 |
| Interest expense | 877 | 907 | 925 | 1 |
| Other income (expense), net | 1,076 | 154 | 668 | |
| Income before income taxes | 20,377 | 20,167 | 18,761 | 1 |
| Income tax provision | 4,233 | 4,102 | 3,787 | 2 |
| — of which current | 4,182 | 3,953 | 4,031 | 1 |
| Net income incl. noncontrolling interests | 16,144 | 16,065 | 14,974 | 1 |
| Less: noncontrolling interests | 98 | 91 | 95 | |
| Net income attributable to common | 15,754 | 15,682 | 14,595 | 2 |
| Diluted earnings per share | $6.62 | $6.51 | $6.02 | 1 |
| Weighted-average diluted shares | 2,422 | 2,454 | 2,472 | 1 |
| Cash flow · $ millions | 2026 | 2025 | 2024 | |
|---|---|---|---|---|
| Net income incl. noncontrolling interests | 16,144 | 16,065 | 14,974 | |
| Depreciation, depletion and amortization | 3,160 | 2,847 | 2,896 | |
| Share-based compensation | 524 | 476 | 562 | |
| Deferred income taxes | 51 | 149 | (244) | |
| Change in receivables | (84) | (45) | 766 | |
| Change in inventories | 641 | 324 | 70 | |
| Change in payables | 919 | (542) | 878 | |
| Net cash provided by operating activities | 19,556 | 17,817 | 19,846 | 3 |
| Capital expenditure | 4,409 | 3,773 | 3,322 | 1 |
| Acquisitions, net of cash | 85 | 11 | 21 | |
| Net cash used in investing activities | (4,624) | (3,818) | (3,504) | |
| Dividends paid | 10,232 | 9,872 | 9,312 | 1 |
| Repurchases of common stock | 5,028 | 6,500 | 5,006 | 1 |
| Debt issued | 2,652 | 2,237 | 3,197 | |
| Debt repaid | 3,390 | 1,977 | 2,335 | |
| Net cash used in financing activities | (14,460) | (14,036) | (14,855) | |
| Cash and equivalents at end of period | 9,942 | 9,556 | 9,482 |
| Balance sheet · $ millions | 2026 | 2025 | |
|---|---|---|---|
| Receivables, net | 6,056 | 6,185 | 1 |
| Inventories | 8,170 | 7,551 | 1 |
| Total current assets | 26,208 | 25,392 | |
| Property, plant and equipment, net | 25,360 | 23,897 | |
| Goodwill | 41,276 | 41,650 | 1 |
| Intangible assets, net | 21,444 | 21,910 | |
| Total assets | 126,521 | 125,231 | 1 |
| Accounts payable | 16,306 | 15,227 | |
| Current debt | 11,296 | 9,513 | |
| Total current liabilities | 38,694 | 36,058 | |
| Long-term debt | 22,842 | 24,995 | |
| Total liabilities | 72,210 | 72,946 | |
| Noncontrolling interests | 230 | 272 | |
| Total equity | 54,311 | 52,284 |
| Segments · as filed in the segment note · $ millions | Fabric & Home Care | Baby, Feminine & Family Care | Beauty | Health Care | Grooming | Corporate | Consolidated |
|---|---|---|---|---|---|---|---|
| Net sales | 30,314 | 20,401 | 16,023 | 12,456 | 6,918 | 919 | 87,032 |
| Cost of sales | 16,428 | 11,089 | 6,397 | 5,208 | 2,845 | 1,395 | 43,362 |
| Selling, general & administrative | 6,597 | 4,167 | 6,152 | 4,087 | 2,111 | 808 | 23,922 |
| Depreciation & amortization | 756 | 835 | 410 | 439 | 320 | 400 | 3,160 |
No product revenue tagged.
| Revenue by geography · as filed · $ millions | FY2026 | Share |
|---|---|---|
| International | 45,300 | 52.0% |
| United States | 41,700 | 47.9% |
| Total revenues, as filed | 87,032 | 100.0% |
Geographic lines sum to the filed total.
Lines render when they sum to the filed total within 0.5 percent. A reconciling line the company filed closes the gap at any size, and the table is split: every line shown is filed, nothing is implied. A computed line, the filed total less the lines shown, closes up to 5 percent of the total; beyond that the table is partial and says so. Members that add to more than the filed total are a conflict and are not shown. The tolerance is 0.5 percent of the filed total or 2 million dollars, whichever is larger; for a filed total under 400 million dollars the floor is the binding one and the table says within tolerance. Every figure is as filed, in millions of dollars; shares are arithmetic on filed lines.
| Largest FY/FY moves · $ millions, ranked by |Δ| | FY2026 | FY2025 | Δ $ | Δ % | Reading |
|---|---|---|---|---|---|
| Total revenues · IS | 87,032 | 84,284 | +2,748 | +3.3% | — |
| Total current liabilities · BS | 38,694 | 36,058 | +2,636 | +7.3% | — |
| Cost of revenue · IS | 43,362 | 41,164 | +2,198 | +5.3% | — |
| Long-term debt · BS | 22,842 | 24,995 | −2,153 | -8.6% | — |
| Total equity · BS | 54,311 | 52,284 | +2,027 | +3.9% | — |
| Current debt · BS | 11,296 | 9,513 | +1,783 | +18.7% | — |
| Net cash provided by operating activities · CF | 19,556 | 17,817 | +1,739 | +9.8% | — |
| Repurchases of common stock · CF | 5,028 | 6,500 | −1,472 | -22.6% | — |
| Property, plant and equipment, net · BS | 25,360 | 23,897 | +1,463 | +6.1% | — |
| Change in payables · CF | 919 | (542) | +1,461 | +269.6% | — |
| Debt repaid · CF | 3,390 | 1,977 | +1,413 | +71.5% | — |
| Total assets · BS | 126,521 | 125,231 | +1,290 | +1.0% | — |
| Selling, general and administrative · IS | 23,922 | 22,669 | +1,253 | +5.5% | — |
| Accounts payable · BS | 16,306 | 15,227 | +1,079 | +7.1% | — |
| Business quality — Buffett/Munger screen · deterministic · not part of the filing score | Value | Reading |
|---|---|---|
| Return on equity net income ÷ average of start- and end-of-year equity | 31.1% sector median 17.7% | strong |
| Share count, year-end (year-end shares − prior year-end) ÷ prior year-end | +0.0% sector median +0.0% | flat |
| Debt to equity (current debt + long-term debt) ÷ year-end equity | 0.66 sector median 0.64 | moderate |
| FCF consistency, 5yr operating cash flow − capital expenditure, per year | positive 5 of 5 | consistent |
| Margin stability pre-tax income ÷ revenue, swing across up to five years | pre-tax margin 23.9% sector median 8.4% | stable |
| Quarterly · as filed in 10-Q/10-K · $ millions | DEC 24 | MAR 25 | SEP 25 | DEC 25 | MAR 26 |
|---|---|---|---|---|---|
| Total revenues | 21,882 | 19,776 | 22,386 | 22,208 | 21,235 |
| Cost of revenue | 10,418 | 9,694 | 10,887 | 10,834 | 10,722 |
| Selling, general and administrative | 5,723 | 5,524 | 5,643 | 6,008 | 5,936 |
| Depreciation, depletion and amortization | 706 | 690 | 761 | 803 | 785 |
| Operating income | 5,741 | 4,558 | 5,856 | 5,366 | 4,576 |
| Interest expense | 240 | 217 | 197 | 220 | 223 |
| Other income (expense), net | 224 | 210 | 268 | 160 | 537 |
| Income tax provision | 1,187 | 868 | 1,253 | 1,090 | 1,039 |
| Net income incl. noncontrolling interests | 4,659 | 3,793 | 4,781 | 4,331 | 3,951 |
| Less: noncontrolling interests | 29 | 23 | 31 | 12 | 18 |
| Net income attributable to common | 4,558 | 3,698 | 4,677 | 4,247 | 3,860 |
| Diluted earnings per share | $1.88 | $1.54 | $1.95 | $1.78 | $1.63 |
| Weighted-average diluted shares | 2,458 | 2,450 | 2,437 | 2,424 | 2,416 |
| Largest QoQ moves · latest vs prior filed quarter | Prior | Latest | Δ $ | Δ % |
|---|---|---|---|---|
| Total revenues | 22,208 | 21,235 | −973 | -4.4% |
| Operating income | 5,366 | 4,576 | −790 | -14.7% |
| Net income attributable to common | 4,247 | 3,860 | −387 | -9.1% |
| Net income incl. noncontrolling interests | 4,331 | 3,951 | −380 | -8.8% |
| Other income (expense), net | 160 | 537 | +377 | +235.6% |
| Cost of revenue | 10,834 | 10,722 | −112 | -1.0% |
| Selling, general and administrative | 6,008 | 5,936 | −72 | -1.2% |
| Income tax provision | 1,090 | 1,039 | −51 | -4.7% |
| Ownership — insiders & floatForm 4 + 10-K cover · open-market trades only | Value | Reading |
|---|---|---|
| Public float | $333,000M | 10-K cover · as of 2025-12-31 |
| Insider Form 4s, 90d | 50 filings · 0 buys / 15 sells | net selling · −$6,687,508 |
| · Whaley Susan Street | SELL $1,244,736 | Form 4 filed 2026-08-20 · open market |
| · Jejurikar Shailesh | SELL $888,047 | Form 4 filed 2026-08-24 · open market |
| · Schulten Andre | SELL $776,754 | Form 4 filed 2026-08-24 · open market |
| · Pritchard Marc S. | SELL $579,474 | Form 4 filed 2026-08-24 · open market |
| · Raman Sundar G. | SELL $491,274 | Form 4 filed 2026-08-24 · open market |
| Insider ownership % | — | needs the proxy statement — not read yet, never estimated |
| Institutional % | — | needs 13F aggregation — not read yet, never estimated |
Not investment advice. DHI Signal publishes impersonal, rules-based research; no recommendation to buy or sell any security is made or implied. Every statement figure is transcribed from Procter & Gamble's Form 10-K for FY2026 (accession 0000080424-26-000103), pulled from EDGAR XBRL. Derived measures are computed only from lines shown on this page and the arithmetic is displayed so it can be checked. PG is not in the tracked book. Market posture attaches only when the dashboard feed carries the name; this page computes none of it.