Filing Flows › Procter & Gamble (PG) › Q1 FY27
Procter & Gamble (PG) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 22, 2026
Procter & Gamble (PG) reported revenue of $23.3B for the first quarter fiscal 2027 (Q1 FY27), +4% from a year earlier and +10% from the quarter before. Operating margin was 25.5%, net earnings $4.7B (20.3% of revenue).
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.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.3B | +10% | +4% |
| Operating profit | $5.9B | +50% | +1% |
| Net earnings | $4.7B | +55% | -0.4% |
| Operating cash flow | $5.8B | +12% | +7% |
| Free cash flow | $4.4B | +7% | +5% |
What changed
Revenue was $23.3B in Q1 FY27, up 4% year over year and up 10% from the previous quarter.
Operating profit was $5.9B, a 25.5% margin (down 0.7 points year over year). Of the extra revenue versus Q1 FY26, 9% reached operating profit, below the 26% margin then. Total costs grew 5% against revenue growth of 4%. Net earnings were $4.7B, roughly flat year over year. The effective tax rate was 21.0%.
Operating cash flow was $5.8B (up 7% year over year), 121% of net earnings. Non-cash charges added back $0.81B of depreciation and amortization and $0.10B of share-based compensation. Capital expenditures of $1.4B left free cash flow of $4.4B.
Questions
What was Procter & Gamble's revenue in the first quarter fiscal 2027?
Procter & Gamble (PG) reported revenue of $23.3B for the first quarter fiscal 2027 (Q1 FY27), +4% from a year earlier and +10% from the quarter before.
Was Procter & Gamble profitable in the first quarter fiscal 2027?
Operating profit was $5.9B (25.5% of revenue) and net earnings $4.7B.
Source: Procter & Gamble 10-Q on SEC EDGAR.