Filing Flows › Procter & Gamble (PG) › Q4 FY26
Procter & Gamble (PG) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Aug 4, 2026
Procter & Gamble (PG) reported revenue of $21.2B for the fourth quarter fiscal 2026 (Q4 FY26), +2% from a year earlier and -0.1% from the quarter before. Operating margin was 18.6%, net earnings $3.0B (14.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.2B | -0.1% | +2% |
| Operating profit | $4.0B | -14% | -9% |
| Net earnings | $3.0B | -23% | -16% |
| Operating cash flow | $5.1B | +27% | +3% |
| Free cash flow | $4.1B | +36% | +3% |
What changed
Revenue was $21.2B in Q4 FY26, up 2% year over year and roughly flat from the previous quarter.
Operating profit was $4.0B, a 18.6% margin (down 2.2 points year over year). Operating profit fell $0.41B even though revenue rose $0.32B versus Q4 FY25, so costs grew faster than sales. Total costs grew 4% against revenue growth of 2%. Net earnings were $3.0B, down 16% year over year. The effective tax rate was 21.7%.
Operating cash flow was $5.1B (up 3% year over year), 167% of net earnings. Non-cash charges added back $0.81B of depreciation and amortization and $0.13B of share-based compensation. Working capital and other items added $1.1B. Capital expenditures of $1.0B left free cash flow of $4.1B.
Questions
What was Procter & Gamble's revenue in the fourth quarter fiscal 2026?
Procter & Gamble (PG) reported revenue of $21.2B for the fourth quarter fiscal 2026 (Q4 FY26), +2% from a year earlier and -0.1% from the quarter before.
Was Procter & Gamble profitable in the fourth quarter fiscal 2026?
Operating profit was $4.0B (18.6% of revenue) and net earnings $3.0B.
Source: Procter & Gamble 10-K on SEC EDGAR.