Filing Flows › Procter & Gamble (PG) › Guidance history
Procter & Gamble (PG) guidance history: what it guided and what it reported
Procter & Gamble gave guidance in 12 earnings releases on file since Jan 23, 2024. Its releases raised guidance 3 times and lowered it 0 times.
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 20.0% (Jul 29, 2026) → raised 20.0%–21.0% (Oct 22, 2026) | — | to be reported | — |
| FY26 | 20.0%–21.0% (Jul 29, 2025) → reaffirmed 20.0%–21.0% (Oct 24, 2025) → reaffirmed 20.0%–21.0% (Jan 22, 2026) → reaffirmed 20.0%–21.0% (Apr 24, 2026) | — | — | — |
| FY25 | 20.0%–21.0% (Jul 30, 2024) → reaffirmed 20.0%–21.0% (Oct 18, 2024) → reaffirmed 20.0%–21.0% (Jan 22, 2025) | — | — | — |
| FY24 | 21.0% (Jan 23, 2024) → lowered 20.0%–21.0% (Apr 19, 2024) | — | — | — |
Interest expense
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $150M (Jul 29, 2026) → reaffirmed $150M (Oct 22, 2026) | — | to be reported | — |
| FY24 | $100M (Jan 23, 2024) → reaffirmed $100M (Apr 19, 2024) | — | — | — |
GAAP EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $6.62 (Jul 29, 2026) | — | to be reported | — |
| FY26 | $6.51 (Jul 29, 2025) | — | — | — |
| FY25 | $6.02 (Jul 30, 2024) | — | — | — |
Other income
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $50.0M (Jul 29, 2026) → reaffirmed $50.0M (Oct 22, 2026) | — | to be reported | — |
Free cash flow
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $10.0B (Oct 22, 2026) | — | to be reported | — |
Adjusted free cash flow
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $10.0B (Jul 29, 2026) | — | to be reported | — |
| FY26 | $10.0B (Jul 29, 2025) → reaffirmed $10.0B (Oct 24, 2025) → reaffirmed $10.0B (Jan 22, 2026) → reaffirmed $10.0B (Apr 24, 2026) | — | — | — |
| FY25 | $10.0B (Jul 30, 2024) → reaffirmed $10.0B (Oct 18, 2024) → reaffirmed $10.0B (Jan 22, 2025) → reaffirmed $10.0B (Apr 24, 2025) | — | — | — |
| FY24 | $9.0B (Jan 23, 2024) → reaffirmed $9.0B (Apr 19, 2024) | — | — | — |
The latest quarter
Procter & Gamble, Q1 FY27: revenue $23.3B (+4% year over year), operating margin 25.5%, net earnings $4.7B, operating cash flow $5.8B. The chart follows the revenue to costs, profit and cash.
Questions
Does Procter & Gamble beat its guidance?
Procter & Gamble gave guidance in 12 earnings releases on file since Jan 23, 2024. Its releases raised guidance 3 times and lowered it 0 times.
How often does Procter & Gamble raise guidance?
Its earnings releases raised guidance 3 times and lowered it 0 times since Jan 23, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.