Filing Flows › Procter & Gamble (PG) › Q4 FY26 › vs Q3 FY26
Procter & Gamble (PG) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Procter & Gamble's revenue fell $31.0M (-0.1%) from $21.2B in Q3 FY26 to $21.2B in Q4 FY26. Operating margin 18.6% against 21.5% (-2.9 pts).
Procter & Gamble, Q4 FY26: revenue $21.2B (+2% year over year), operating margin 18.6%, net earnings $3.0B, operating cash flow $5.1B. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Operating margin | 18.6% | 21.5% | -2.9 pts |
| Net margin | 14.4% | 18.5% | -4.2 pts |
| Free cash flow margin | 19.4% | 14.3% | +5.1 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $21.2B | $21.2B | −$31.0M | -0.1% |
| Operating profit | $4.0B | $4.6B | −$626M | -14% |
| Costs & expenses | $17.3B | $16.7B | $595M | +4% |
| Pre-tax earnings | $3.9B | $5.0B | −$1.1B | -21% |
| Cost of revenue | $10.9B | $10.7B | $198M | +2% |
| SG&A | $6.3B | $5.9B | $398M | +7% |
| Net earnings | $3.0B | $3.9B | −$888M | -23% |
| Minority interests | $37.0M | $19.0M | $18.0M | +95% |
| Income tax | $852M | $1.0B | −$187M | -18% |
| Depreciation & amortization | $812M | $785M | $27.0M | +3% |
| Share-based compensation | $130M | $132M | −$2.0M | -2% |
| Working capital & other | $1.1B | −$804M | $1.9B | — |
| Operating cash flow | $5.1B | $4.0B | $1.1B | +27% |
| Free cash flow (OCF − capex) | $4.1B | $3.0B | $1.1B | +36% |
| Capital expenditures | $1.0B | $1.0B | $4.0M | +0.4% |
Questions
How much did Procter & Gamble's revenue grow quarter over quarter in Q4 FY26?
Procter & Gamble's revenue fell $31.0M (-0.1%) from $21.2B in Q3 FY26 to $21.2B in Q4 FY26. Operating margin 18.6% against 21.5% (-2.9 pts).