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Procter & Gamble (PG) operating margin by quarter

Procter & Gamble's operating margin was 25.5% in Q1 FY27 (first quarter fiscal 2027), +6.9 pts from Q4 FY26. Over the last 7 quarters it ranged from 18.6% (Q4 FY26) to 26.2% (Q1 FY26).

Procter & Gamble operating margin by quarterProcter & Gamble operating margin by quarter23.0%Q3 FY2520.8%Q4 FY2526.2%Q1 FY2624.2%Q2 FY2621.5%Q3 FY2618.6%Q4 FY2625.5%Q1 FY27
QuarterOperating marginQ/QY/Y
Q1 FY2725.5%+6.9 pts-0.7 pts
Q4 FY2618.6%-2.9 pts-2.2 pts
Q3 FY2621.5%-2.6 pts-1.5 pts
Q2 FY2624.2%-2.0 pts—
Q1 FY2626.2%+5.3 pts—
Q4 FY2520.8%-2.2 pts—
Q3 FY2523.0%——

Q1 FY27 at a glance

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

What is Procter & Gamble's operating margin?

Procter & Gamble's operating margin was 25.5% in Q1 FY27 (first quarter fiscal 2027), +6.9 pts from Q4 FY26.

How has Procter & Gamble's operating margin changed?

Over the last 7 quarters it ranged from 18.6% (Q4 FY26) to 26.2% (Q1 FY26).

Q1 FY27 results → · How Procter & Gamble makes money →