Filing Flows › Procter & Gamble (PG) › Q3 FY26
Procter & Gamble (PG) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Apr 24, 2026
Procter & Gamble (PG) reported revenue of $21.2B for the third quarter fiscal 2026 (Q3 FY26), +7% from a year earlier and -4% from the quarter before. Operating margin was 21.5%, net earnings $3.9B (18.5% of revenue).
Procter & Gamble, Q3 FY26: revenue $21.2B (+7% year over year), operating margin 21.5%, net earnings $3.9B, operating cash flow $4.0B. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.2B | -4% | +7% |
| Operating profit | $4.6B | -15% | +0.4% |
| Net earnings | $3.9B | -9% | +4% |
| Operating cash flow | $4.0B | -19% | +9% |
| Free cash flow | $3.0B | -20% | +6% |
What changed
Revenue was $21.2B in Q3 FY26, up 7% year over year and down 4% from the previous quarter.
Operating profit was $4.6B, a 21.5% margin (down 1.5 points year over year). Of the extra revenue versus Q3 FY25, 1% reached operating profit, below the 23% margin then. Total costs grew 9% against revenue growth of 7%. The fastest-growing cost line was Cost of revenue (+11%). Net earnings were $3.9B, up 4% year over year. The effective tax rate was 20.8%.
Operating cash flow was $4.0B (up 9% year over year), 102% of net earnings. Non-cash charges added back $0.79B of depreciation and amortization and $0.13B of share-based compensation. Working capital and other items used $0.82B. Capital expenditures of $1.0B left free cash flow of $3.0B.
Questions
What was Procter & Gamble's revenue in the third quarter fiscal 2026?
Procter & Gamble (PG) reported revenue of $21.2B for the third quarter fiscal 2026 (Q3 FY26), +7% from a year earlier and -4% from the quarter before.
Was Procter & Gamble profitable in the third quarter fiscal 2026?
Operating profit was $4.6B (21.5% of revenue) and net earnings $3.9B.
Source: Procter & Gamble 10-Q on SEC EDGAR.